1140-42 Simpson Ave
Ocean City, NJ 08226
Map
- – beds
- – baths
- – sqft
- 3,600 sqft lot
Fully Renovated Multi-Family Property with Excellent Income Potential Exceptional investment opportunity! This completely renovated multi-family building features three residential units, one commercial unit, and two separate one-car garages. The property consists of two duplexes connected by a breezeway, offering versatile use and strong rental income. The northside duplex includes a 1-bedroom, 1-bath unit with an attached garage on the first floor, and a 2-bedroom, 1-bath unit on the second floor. The southside duplex features a ground-level commercial space with a private office, full bath, kitchenette, and an attached 1-car garage that is ideal for a small business or professional office plus a 3 bedroom 2 Bathroom on the 2nd Floor. Every unit has been tastefully renovated with brand-new kitchens, bathrooms, flooring, and appliances, and is being sold fully furnished and equipped. Major upgrades include all new heating, central air, plumbing, electric, roof, and siding which will provide peace of mind and reduced maintenance costs. Whether you're an investor looking for strong cash flow or a buyer seeking a live/rent opportunity, this turn-key property checks all the boxes.
Last checked:
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Last updated Jun 9, 2025
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MLS# 597104 —
The Building
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New Construction:No
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Exterior:Masonry/Block, Vinyl
Interior
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Other Rooms:Dining Area, Eat In Kitchen, Laundry/Utility Rm
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Basement:Slab
Financial & Terms
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Rental Information:Seasonal, Weekly, Yearly
Location
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Latitude:39.277687
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Longitude:-74.582742
The Property
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Location:Corner
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Block #:1108
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Lot #:33
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Lot Dimensions:40 X 90
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Outside Features:Curbs, Deck, Porch, Shed, Sidewalks
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Driveway:Concrete
Listing Agent
- Contact info:
- Office phone:
- (609) 322-7390
Heating & Cooling
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Heating:Electric, Forced Air, Gas-Natural, Heat Pump, Multi-Zoned
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Air Conditioning:Ceiling Fan(s), Central
Utilities
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Water:Public
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Sewer:Public Sewer
Appliances
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Appliances:Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
The Community
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Adult Community/55+:No
Parking
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Parking:Three or More Cars, Parking Pad
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Garage:Auto Door Opener, Attached Garage
Extra Units
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# of Units:4
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1 Bedroom Units:1
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2 Bedroom Units:1
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3 Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/9/25
Jun 9, 2025
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Listed / Active | SJSRMLS | $1,650,000 | |
|
3/28/24
Mar 28, 2024
|
Listed / Active | SJSRMLS |
