Rare Find one block from Downtown Red Bank. This building is zoned for a mixed use occupancy consisting of 2 separate apartments and a three room office apartment. The basement offers a 1 bdrm 1 bath apartment with private entrance. First floor is a three room 1 bath office with a utility room. The second and third floor offers a 2 bdrm 1.5 bathrooms, living rm. and dining area. Full size kitchen with washer and dryer. The building pulls in 3 separate rentals grossing over $4000.00 per month. All permits are current and all inspections are code compliant with the Township. Upper and basement apartments are currently rented.
Single-familyProperty Type
1925Year Built
Listed by Larry Conti• C21/ Action Plus Realty
Bought with Loyalty & Trust You Can Count On Us ! Dolinsky• RE/MAX Central
This building is located close to downtown Red Bank and offers great investment opportunities. It is a unique building because it has a mixed use occupancy. The basement offers a private entrance with 1bdrm I bath apartment. The first floor consists of a 3 room business office with full bath. The second floor has a full kitchen, half bath, d/r and l/r. An open staircase leads to the third floor with 2 bdrms, full bath and pull down stairs to attic storage. This building brings in 3 separate rentals. Based on past history rentals brings in approx. $4000.00 per month. Additional figures available on request. All systems are up to code standards and the building recently passed the sprinkler code test by the township. Basement and upper apartment are rented. .................................
Public Records
Jul 16, 2002
Sold
$445,000
Public Records
Aug 30, 1999
Sold
$246,000
Public Records
Aug 17, 1989
Sold
$250,000
Public Records
Nov 1, 1980
Sold
$115,000
Year
Property tax
Land + Additions
Assessment*
2025
$19,138 (−4.0%)
$395,400 + $737,200
$1,132,600
2024
$19,938 (+26.5%)
$332,300 + $718,100
$1,050,400
2023
$15,758 (+0.5%)
$293,900 + $761,600
$1,055,500
2022
$15,687 (+1.6%)
$293,900 + $530,700
$824,600
2021
$15,446 (+4.6%)
$273,600 + $508,000
$781,600
2020
$14,770 (+5.2%)
$228,000 + $462,500
$690,500
2019
$14,038 (+9.6%)
$228,000 + $422,100
$650,100
2018
$12,807 (+4.9%)
$228,000 + $406,900
$634,900
2017
$12,213 (+1.4%)
$228,000 + $350,800
$578,800
2016
$12,049 (+9.2%)
$228,000 + $350,800
$578,800
2015
$11,037 (−4.9%)
$228,000 + $343,900
$571,900
2014
$11,610 (+5.7%)
$293,000 + $313,900
$606,900
2013
$10,985 (+3.0%)
$293,000 + $313,900
$606,900
2012
$10,663 (+2.6%)
$293,000 + $313,900
$606,900
2011
$10,390 (+2.0%)
$293,000 + $313,900
$606,900
2010
$10,190 (+4.1%)
$293,000 + $313,900
$606,900
2009
$9,789
$293,000 + $313,900
$606,900
Tax history for 87 Maple Ave
Year
Property tax
Land + Additions
Assessment*
2025
$19,138 (−4.0%)
$395,400 + $737,200
$1,132,600
2024
$19,938 (+26.5%)
$332,300 + $718,100
$1,050,400
2023
$15,758 (+0.5%)
$293,900 + $761,600
$1,055,500
2022
$15,687 (+1.6%)
$293,900 + $530,700
$824,600
2021
$15,446 (+4.6%)
$273,600 + $508,000
$781,600
2020
$14,770 (+5.2%)
$228,000 + $462,500
$690,500
2019
$14,038 (+9.6%)
$228,000 + $422,100
$650,100
2018
$12,807 (+4.9%)
$228,000 + $406,900
$634,900
2017
$12,213 (+1.4%)
$228,000 + $350,800
$578,800
2016
$12,049 (+9.2%)
$228,000 + $350,800
$578,800
2015
$11,037 (−4.9%)
$228,000 + $343,900
$571,900
2014
$11,610 (+5.7%)
$293,000 + $313,900
$606,900
2013
$10,985 (+3.0%)
$293,000 + $313,900
$606,900
2012
$10,663 (+2.6%)
$293,000 + $313,900
$606,900
2011
$10,390 (+2.0%)
$293,000 + $313,900
$606,900
2010
$10,190 (+4.1%)
$293,000 + $313,900
$606,900
2009
$9,789
$293,000 + $313,900
$606,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.