102 7th Avenue
About This Property
Location, Location, Location!
In the sought after northern end of Belmar, unobstructed views of the ocean can be had from most windows and especially from 1st and 2nd floor 30' long covered blue stone porches. Great 1900's home has been completely renovated with architectural details intact. The spacious living room features 3 sets of French doors providing access to porch. Game room, dining room, full bath with shower, equipped kitchen with granite counter tops and mudroom complete the first floor plan. Upstairs is home to 5 bedrooms; two with king size beds, two with queen size, and one with two twin beds. The primary and twin bedrooms have doors accessing the upstairs covered porch. The primary (king) has a full bath with deep tub and shower, while a hall bath has a separate deep tub, walk in shower and double sinks for the other 4 bedrooms. The laundry is located on the second floor. There is a large oversized completely enclosed outside shower, paver driveway providing off street parking for 5+ vehicles. The house has three zone central air conditioning, five zone baseboard hot water heat, hardwood floors throughout, high ceilings, ceiling fans and lots of windows.
The third floor 1-bedroom apartment features a bedroom, large closet, full bath with deep tub, kitchenette, living room and sitting room. It has access from the stairway at the back of the house and an emergency fire door to stairs to the second floor of the main house.
The garage apartment offers a great room on the first floor and an upstairs bedroom, full bath with stall shower, a large closet and utility room with HVAC unit, hot water heater, washer and dryer.
Besides being 250 feet from the beach on a very quiet street, the house is within close proximity of casual and fine restaurants, a convenience store, Silver Lake, multiple parks, Belmar Fishing Club and all of the amenities the Jersey Shore is known for.
After renting the property for the past 15 years, we can provide reliable contacts for the 2026 rental season (mid-June - mid-September). All of our tenants from Summer, 2025 would like to come back next year. The garage apartment tenant would also like to stay. We would prefer that the property be sold completely furnished - turn-key business opportunity.
This is a 'must see' property.
Please call today to book your chance at making your dreams come true!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 4, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | Listed by NJ Real Estate Boutique | $2,600,000 | |
| Listed by NJ Real Estate Boutique | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017