29
Map
$475,000
●
House -
For Sale
303 Union Avenue
Union Beach, NJ 07735
3 Beds
1 Bath
864 Ft²
$2,333
Est. Monthly
About This Property
This double wide lot offers multiple opportunities, including
renovation of the existing home or future development. The seller
has obtained architectural and engineering approvals for a duplex.
The duplex has been approved for two units, each offering
approximately 1,271 square feet, 3 bedrooms, 2.5 bathrooms, and a 1
car garage.
The existing ranch features three bedrooms and one full bathroom. The living room offers hardwood flooring, while the galley-style kitchen features ceramic tile flooring and granite countertops. The bathroom includes a tub/shower combination, and all three bedrooms offer hardwood floors throughout. In a highly desirable Jersey Shore location, this property is just a short distance from the beach. It is conveniently located near the Union Beach Pier, boardwalk, Firefighter Park, and the Garden State Parkway. The property offers strong potential in a sought-after coastal community.
The existing ranch features three bedrooms and one full bathroom. The living room offers hardwood flooring, while the galley-style kitchen features ceramic tile flooring and granite countertops. The bathroom includes a tub/shower combination, and all three bedrooms offer hardwood floors throughout. In a highly desirable Jersey Shore location, this property is just a short distance from the beach. It is conveniently located near the Union Beach Pier, boardwalk, Firefighter Park, and the Garden State Parkway. The property offers strong potential in a sought-after coastal community.
Unit Size
864 Ft²
Days on Market
199 days
Land Size
0.21 acres
Price per sqft
$550
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 months ago (MOMLS #22606026)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | Sold | ||
| Sold | |||
| Aug 15, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Listed by Serhant New Jersey LLC | $469,999 | |
| Listed by Serhant New Jersey LLC | |||
   | |||
|
COASTAL OPPORTUNITY MEETS DEVELOPMENT POTENTIAL! Just two blocks from the Jersey Shore, this 3-bedroom, 1-bath home sits on an impressive oversized 100' x 94' lot--offering tremendous possibilities for homeowners, investors, and builders alike. The existing home can remain but must be raised in accordance with town ordinances. Explore the potential for an additional duplex-style dwelling on the property, subject to municipal variance and all required approvals. Ideally located moments from the Union Beach Pier and boardwalk, with convenient access to major roadways, NYC transportation, shopping, and more. Renovate, raise, expand, invest, or develop--this is a rare opportunity to create something special near the shore.
| |||
| Jun 29, 2026 | Price Decreased |
$475,000
↓ $24K
(4.8%) | |
| Price Decreased | |||
| May 7, 2026 | Price Decreased |
$499,000
↓ $26K
(5%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Parking Features: None
Interior Details
Full Bathrooms: 1
Basement: Crawl Space
Exterior Details
Square Footage: 864
Architectural Style: Ranch
Year Built: 1960
Building Area Total: 864
Lot Features: Oversized
Lot Size Area: 0.21
Lot Size Units: Acres
Lot Size Acres: 0.21
Lot Size Square Feet: 9147.6
Lot Size Dimensions: 100 x 94
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
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HOA + Taxes
About Union Beach
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Listed by: Michael Greco, Keller Williams Realty West Monmouth
Last Updated: 3 months ago
Data Source: MOMMLS, MLS# 22606026
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 months ago
Data Source: MOMMLS, MLS# 22606026
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017