DESCRIPTION
A well-positioned income-producing triplex on one of Somers Point's most traveled corridors, offering immediate cash flow with meaningful upside. This three-unit property sits on Shore Road just minutes from Ocean City, the bay, and Shore Medical Center a location that keeps units occupied year-round. The building comprises two one-bedroom units and a studio, generating current rents of $1,333, $1,800, and $1,300 per month for a combined gross income of $4,433 month. The third unit a one-bedroom currently rented at $1,300 is being offered with a projected post-renovation rent of $1,700 month, representing a straightforward value-add play with a clear path to $4,833 month in stabilized gross income. Built circa 1900 and encompassing approximately 1,795 square feet on a 0.17-acre lot, this property suits an owner-occupant looking to offset carrying costs or an investor seeking a low-maintenance addition to a South Jersey coastal portfolio. The Shore Road location delivers consistent rental demand driven by proximity to the Ocean City bridge, hospital employment, and the broader Atlantic County job market. Whether you're acquiring at current rents or executing the light renovation to push Unit 3 to market rate, the numbers work from day one.
- Heating:Forced Air
- Public Sewer
- No
PROPERTY LOCATION / MAP
Last Database Update: 06/23/2026
 Listing Courtesy of Compass New Jersey-Ocean City (O463E).
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438 Shore Road, Somers Point
For Sale:
$599,000 MLS: 609003Bed:0 | Bath:0 LOT:50x150 | DOM:0
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