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About this home
Fantastic investment opportunity on a prime corner lot in Asbury Park! This recently renovated 3-family building offers 6 bedrooms across three units -- two 3BR/1BA and a 1BR/1BA apartments -- with over 2,000 sq ft of income-producing space. Currently tenant occupied and generating revenue from day one. Situated close to the beach, hospitals, and major highways, and surrounded by Asbury Park's ongoing revitalization, this turnkey property is perfectly positioned for long-term upside. Don't miss out
Southwest, located between Main Street and the Shark River, is a residential and waterfront-edge Asbury Park neighborhood with low-rise blocks and a working-harbor feel. The neighborhood’s character concentrates around the Main Street corridor near the railroad, where corner stores, takeout counters, and small service shops set a steady, everyday rhythm. Landmarks like the Asbury Park Transportation Center, Springwood Park, and the historic Asbury Park Casino frame local movement and shoreline views. Housing reads as compact and practical, with older single-family homes and small multifamily buildings mixed in. Streets lead toward marinas and the river, while the boardwalk and beach sit a short ride away. The pace feels grounded, with public parks and transit shaping daily routines.
Provided by Walk Score and Local Logic
Offer insights
413 Ridge Ave · $999,000
$997K and above
75% chance or better to win
Why $997K+ is a strong offer
DAYS ON MARKET
133 days
The average home goes pending in 35 days.
SALE-TO-LIST
102.1%
Most homes are selling 2% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
No fireplaces reported
Crawl space basement
Bedrooms
7 bedrooms
Bathrooms
3 full bathrooms
Heating & cooling
Has cooling (type: other)
Home design
Property owned by a New Jersey licensed real estate company
Parking
No garage spaces
Utilities
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Great opportunity for the right investor that can see the potential of this Large Corner Lot 3 family building. This Building offers two 3 bedroom/1 bath apartments and 1 studio apartment. Layer in all that the Building and Location has to offer, with the vision of the City redevelopment/revitalization plans coming and on going in Asbury Park this is a must on the list. Currently income producing with potential for more. Prime location close to beaches, hospitals, and highways. Don't miss out on this prime opportunity. Currently 2 units are Tenant Occupied: Selling AS IS.
MOMLS #21812495
Apr 4, 2018
Listed
$349,900
$172/sq ft
Public Records
Aug 22, 2002
Sold
$115,000
$56/sq ft
Public Records
Mar 1, 1978
Sold
$20,000
$10/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,702 (+43.1%)
$149,500 + $330,100
$479,600
2024
$5,384 (+16.2%)
$115,200 + $324,400
$439,600
2023
$4,635 (+15.8%)
$103,700 + $236,600
$340,300
2022
$4,003 (+15.4%)
$60,200 + $239,600
$299,800
2021
$3,470 (+18.1%)
$40,200 + $216,900
$257,100
2020
$2,939 (+16.6%)
$39,000 + $180,600
$219,600
2019
$2,520 (−21.1%)
$36,900 + $149,700
$186,600
2018
$3,192 (−6.8%)
$35,100 + $117,600
$152,700
2017
$3,426 (+4.0%)
$32,600 + $132,100
$164,700
2016
$3,293 (+1.0%)
$32,600 + $132,100
$164,700
2015
$3,261 (+7.0%)
$30,600 + $123,000
$153,600
2014
$3,048 (−45.1%)
$22,500 + $118,200
$140,700
2013
$5,555 (+5.6%)
$22,500 + $118,200
$140,700
2012
$5,261 (+1.1%)
$10,100 + $83,700
$93,800
2011
$5,202 (+6.2%)
$10,100 + $83,700
$93,800
2010
$4,897 (+5.9%)
$10,100 + $83,700
$93,800
2009
$4,625
$10,100 + $83,700
$93,800
Public record
Beds
7
Baths
3
Stories
—
Lot width
25 ft.
Lot depth
100 ft.
Lot size
2,500 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,037
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,037
Year built
1935
Style
Single Family Residential
County
Monmouth County
APN
0401406 00002
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
Climate risks
3/10 Flood Factor
Estimated 10-14% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Asbury Park, NJ • 07712
Average low and high temperatures (°F)
37
24
40
27
53
37
61
45
68
54
80
65
84
70
78
64
74
63
66
51
57
41
43
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Asbury Park. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 413 Ridge Ave
$940,522
$58K under list price of $999K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $810K to $1.1M.