Rare multi-property offering. 3 properties on 1 lot! Minutes to booming Asbury Park and esteemed Shark River Hills. Detached single family home W/ 4 bedrooms, nearly 2,000Sf of living space, sunroom, 1st floor bedroom, huge basement & hardwood floors throughout. 2 additional homes 1- 1 bedroom 1 bath & 1 - 2 bedrooms 1 bath totally renovated W/ Laundry in units. 2 car garage, Ample parking, impeccable grounds. 159 x 238 lot the possibilities are endless. Home has been meticulously cared for by current owner. Local to Jersey Shore Hospital. Easy access to Route 18, Route 35, Route 33, the Garden State Parkway, and nearby NJ Transit stations for commuters. 2 Units can be delivered vacant upon closing with the possibility of all 3 being vacant. Don't let this opportunity pass you by!
Multi-familyProperty Type
1925Year Built
0.87 acresLot Size
1 car garageParking
Listed by (848) 309-4120 Cruz• Signature Realty NJ
SINGLE FAMILY HOME W/ 2 REAR DETACHED INCOME APTS. ;3/4 ACRE OF TOTAL PARK- LIKE SETTING ON WALL TWSP. BORDER; LOTS OF RENOVATIONS INCLUDING NEW ROOF IN MARCH, NEW APPLIANCES & FAIRLY NEW 2ND FLOOR TO MAIN HOUSE; GREAT OPPORTUN- ITY TO HAVE YOUR TAXES & MORE PAID FOR BY INCOME!!! 2 CAR GARAGE PLUS LOTS OF OFF-STREET PARKING ON LARGE PAVED DRIVEWAY; ALL APPLIANCES STAY AS WELL AS CEILING FANS AND WINDOW A/C UNITS (SOME OF WHICH ARE BRAND NEW); MAIN HOUSE HAS WOOD BURNING FP W/ GAS LOGS; VERY CLOSE TO SHARK RIVER PARK; PLEASE DO NOT LET CAT OUT OF MAIN HOUSE; EASY TO SHOW; CALL OWNER 1ST THEN LOCKBOX IF NOT HOME; ADD'L APPT. NEEDED TO SHOW TENANTS UNITS. MAIN HOUSE HAS HOME WARRANTY PROTECTION PLAN - A PLUS FOR YOUR BUYERS!!!
MOMLS #8010787
Dec 11, 1998
Sold
$232,000
Sep 2, 1998
Delisted
—
Jul 15, 1998
Listed
$230,000
SINGLE FAMILY HOME WITH 2 INCOME APTS IN REAR (DETACHED); BEAUTIFUL PARK- LIKE SETTING LOCATED AT WALL TWSP BORDER; 3/4 ACRE; 4/5 BEDRMS; LOTS OF UPGRADES IN RECENT YEARS; PLEASE DO NOT LET CAT OUT; TO SHOW CALL OWNER 1ST THEN USE LBOX ON REAR DOOR RAILING; AN EXCELLENT OPPORTUNITY TO HAVE YOUR MORTGAGE PAID FOR BT THE INCOME YOU RECEIVE ON THESE FULLY RENOVATED APTS. MAIN HOUSE HAS HOME OWNERS WARRANTY FOR YOUR BUYER'S PEACE OF MIND; RENTAL INCOME IS LOWER THAN COULD BE - CALL LISTING AGENT FOR DETAILS - 724-5999 (PAGER) OR 223-5152 (HOME WHERE I WORK FROM A LOT)
Year
Property tax
Land + Additions
Assessment*
2025
$16,302 (+20.2%)
$435,500 + $422,800
$858,300
2024
$13,560 (+7.0%)
$438,600 + $447,400
$886,000
2023
$12,669 (−2.8%)
$335,200 + $439,200
$774,400
2022
$13,034 (+0.8%)
$272,600 + $428,900
$701,500
2021
$12,932 (+3.2%)
$206,900 + $474,100
$681,000
2020
$12,528 (+2.8%)
$218,900 + $393,100
$612,000
2019
$12,190 (+1.9%)
$218,900 + $372,600
$591,500
2018
$11,961 (+0.4%)
$218,900 + $349,400
$568,300
2017
$11,909 (+0.7%)
$206,000 + $321,200
$527,200
2016
$11,825 (+3.2%)
$206,000 + $321,200
$527,200
2015
$11,453 (+6.2%)
$206,000 + $316,100
$522,100
2014
$10,781 (+5.6%)
$171,000 + $227,000
$398,000
2013
$10,213 (+1.8%)
$171,000 + $227,000
$398,000
2012
$10,034 (+1.0%)
$171,000 + $227,000
$398,000
2011
$9,938 (+1.6%)
$171,000 + $227,000
$398,000
2010
$9,779 (+4.7%)
$171,000 + $227,000
$398,000
2009
$9,341
$171,000 + $227,000
$398,000
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1.5
Lot width
159 ft.
Lot depth
238 ft.
Lot size
0.87 Acres
Year renovated
—
Finished Sq. Ft.
1,734
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,734
Year built
1925
Style
Single Family Residential
County
Monmouth County
APN
3504401 00078
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 8, 2026.
R-2
Moderate Density Residential District
The purpose of the R-2 Zone District is to provide for single-family residential development at a density ranging between four and five dwelling units per acre.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Educational/school
Fire house
Recreation
Marina
Cemetery
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
7/10 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
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Neptune, NJ • 07753
Average low and high temperatures (°F)
37
23
40
25
56
37
63
45
71
54
81
64
85
71
81
65
75
61
67
49
57
40
43
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 12 Gully Rd
$1,199,317
$51K under list price of $1.25M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $553K to $850K.