Investment opportunity in Asbury Park! This 2 family home is set on a large lot and offers a newer roof and updates throughout. The first floor (Unit 1) offers 3 bedrooms, 2 full bathrooms (including a primary suite), newer kitchen, dining area, bright and open living space and dedicated laundry room. The second floor unit (Unit 2) offers 3 bedrooms and 1 full bathroom. This property is ideal for investors looking to step into a solid and well maintained multi famliy, fully rented and well operating investment. Inquire for more info and make your plans to check it out today!
ASBURY OPPORTUNITY ~ REHAB & RENT or FLIP! Investors Welcome :) Large Footprint home ~ Lower Level is Open Block Walls Perfect to Expand the # of Units in this Home. Sale includes Previously Approved 1st Floor BLUEPRINTS and Variance for 2 Family home. (( You may be able to add MORE UNITS in MF-08 Zone )) Upper Unit Offers 5 Bedrooms, 1 Bath & is Currently Rented $1850 per month But Can Deliver Vacant in February! X-Large Front Yard can Possibly Accommodate Another Building, Addition to Home, or Lots of Parking! Separate Utilities for 2 units with Public Water, Sewer, and Natural Gas. Newer Roof, Boiler & HWH.
MOMLS #21425690
Jun 25, 2014
Listed
$165,000
$55/sq ft
MOMLS #21212600
Mar 30, 2012
Listed
$1,900
$1/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,581 (+13.0%)
$183,900 + $421,100
$605,000
2024
$5,822 (+15.5%)
$131,600 + $244,000
$375,600
2023
$5,038 (+8.3%)
$118,900 + $249,100
$368,000
2022
$4,651 (+14.4%)
$91,600 + $234,300
$325,900
2021
$4,064 (−2.9%)
$61,100 + $237,600
$298,700
2020
$4,186 (+18.8%)
$59,300 + $197,900
$257,200
2019
$3,523 (+7.6%)
$57,200 + $208,600
$265,800
2018
$3,274 (+16.8%)
$54,500 + $159,000
$213,500
2017
$2,804 (−2.4%)
$47,800 + $87,000
$134,800
2016
$2,872 (−23.1%)
$47,800 + $87,000
$134,800
2015
$3,735 (+5.8%)
$45,800 + $88,200
$134,000
2014
$3,530 (−19.7%)
$38,500 + $124,400
$162,900
2013
$4,394 (+5.6%)
$38,500 + $124,400
$162,900
2012
$4,162 (+1.1%)
$9,600 + $64,600
$74,200
2011
$4,115 (+6.2%)
$9,600 + $64,600
$74,200
2010
$3,874 (+5.9%)
$9,600 + $64,600
$74,200
2009
$3,659
$9,600 + $64,600
$74,200
Tax history for 48 Ridge Ave
Year
Property tax
Land + Additions
Assessment*
2025
$6,581 (+13.0%)
$183,900 + $421,100
$605,000
2024
$5,822 (+15.5%)
$131,600 + $244,000
$375,600
2023
$5,038 (+8.3%)
$118,900 + $249,100
$368,000
2022
$4,651 (+14.4%)
$91,600 + $234,300
$325,900
2021
$4,064 (−2.9%)
$61,100 + $237,600
$298,700
2020
$4,186 (+18.8%)
$59,300 + $197,900
$257,200
2019
$3,523 (+7.6%)
$57,200 + $208,600
$265,800
2018
$3,274 (+16.8%)
$54,500 + $159,000
$213,500
2017
$2,804 (−2.4%)
$47,800 + $87,000
$134,800
2016
$2,872 (−23.1%)
$47,800 + $87,000
$134,800
2015
$3,735 (+5.8%)
$45,800 + $88,200
$134,000
2014
$3,530 (−19.7%)
$38,500 + $124,400
$162,900
2013
$4,394 (+5.6%)
$38,500 + $124,400
$162,900
2012
$4,162 (+1.1%)
$9,600 + $64,600
$74,200
2011
$4,115 (+6.2%)
$9,600 + $64,600
$74,200
2010
$3,874 (+5.9%)
$9,600 + $64,600
$74,200
2009
$3,659
$9,600 + $64,600
$74,200
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
5
Baths
2
Stories
—
Lot width
50 ft.
Lot depth
135 ft.
Lot size
6,752 Sq. Ft.
Year renovated
—
Sq. Ft.
2,688
Year built
1960
Style
Single Family Residential
County
Monmouth County
APN
0400902 00031
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
Property details
Parking
Parking Information
Garage Spaces: 0.0
Interior
Interior Features
Fireplaces Total: 0
Heating & Cooling
Cooling: Yes
Other
Bedroom Information
Bedrooms Total: 6
Bathroom Information
Bathrooms Total Integer: 3
Bathrooms Total Decimal: 3.0
Bathrooms Full: 3
Basement Information
Basement: Slab
Exterior
Property Information
Ownership: Corporate
Subdivision Information
None
None
Asbury Park (ASB)
Financial
Tax Information
Parcel Number: 04-00902-0000-00031
Tax Annual Amount: 5822.0
Tax Block: 902
Tax Lot: 31
Tax Year: 2024
Utilities
Utility Information
Sewer: Public Sewer
Location
Location Information
Monmouth
Latitude: 40.214492
Longitude: -74.024176
Public facts
Beds: 5
Baths: 2.0
Sq. Ft.: 2,688
Stories: —
Lot Size: 6,752 square feet
Style: Single Family Residential
Year Built: 1960
Year Renovated: —
County: Monmouth County
APN: 0400902 00031
Home facts updated by county records on Sep 16, 2026
Other
Documents & Disclosures
Documents Change Timestamp: 2025-03-06T19:51:36Z
Documents Count: 0
Listing Information
Photos Count: 11
Closed
Around this home
Schools
Thurgood Marshall Primary School
Public PreK-2 • Assigned • 0.8mi
2/10
Dr. Martin Luther King Middle School
Public 7-8 • Assigned • 0.3mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk 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
64
51
57
41
43
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.6 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
8.6 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
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