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840 Ocean Ave #45Ocean City, NJ 08226

Condo · 1 Bed · 1 Full Bath
$199,000 Active

840 Ocean Ave #45 Overview

Time on Site:
119 days
Visits:
3

Turnkey Investment Opportunity & Personal Getaway! Fully furnished, newly remodeled and decorated one-bedroom condo features a charming coastal theme. Looking for a profitable investment and personal use! Ideally located just two blocks from the beach, boardwalk, shopping, dining, and entertainment! Owners are allowed pets. This property is an excellent income producer with on-site management during summer season, making it effortless to generate revenue. Owners reserve 21-days for personal use during summer season, and unlimited personal use off-season. On-site summer rental program allows hassle free management and income. Owner decides if prefer to allow pets during summer rental season, at extra fee to renters, allowing additional income. Income for units during summer rental season known to gross $13-17,000+. Off season (Nov 1-April 15), is non-restricted opportunity to use yourself or known to rent for additional income of $4,200+. Property Highlights: ' Fully furnished, move-in ready ' Strong rental income ' On-site summer rental management includes following amenities: ' Pool with finished sun deck and gas grill ' Guaranteed parking space ' Beach tags on loan for tenants ' On-site cleaning services ' Laundry facilities on-site

Listing provided courtesy of CENTURY 21 ALLIANCE-O1O4J- MLS# 605211MLS Provider
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840 Ocean Ave #45 Facts & Features

  • Type Condo

Details

General

Association/HOA

  • Association Fee: $375.00
  • Association Fee Includes: Amenities, Management, Sewer, Trash, Water, Hot Water, Cable, Pool

Listing Information

  • Auction: No
  • Bank Owned/Foreclosure: No

Location/Region

  • County Or Parish: Cape May
  • MLS Area Major: Ocean City/Central

Tax Information

  • Tax Annual Amount: $941.00
  • Tax Year: 2025

General Information

  • Inclusions: Blinds,Curtains,Furnished
  • Pets Allowed: Yes, Yes w/restrictions
  • Property Sub Type: Condo
  • Property Type: CONDOMINIUM

Unit Information

  • UNIT LOCATION: Pool View,Second Floor

Interior

Building Information

  • Rooms: 3

Parking Information

  • GARAGE: None

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bedrooms Total: 1

Building Interior

  • COMMON AREA FEATURES: Cable TV,Deck/Porch,Laundromat On Site,Outside Shower,Pool

General Information

  • Appliances: Electric Stove, Microwave, Refrigerator
  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard
  • Stories: Two
  • Stories Total: Two

Unit Information

  • Unit Number: 45
  • Unit 3 Unit: No

Exterior

Parking Information

  • Parking Features: One Car

Lot Information

  • Water Source: Public Water

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Converted Motel

General Information

  • Sewer: Public Sewer

840 Ocean Ave #45 Neighborhood

Community

08226 (Ocean City) Demographics

57
Median Age
863
Population Density (per sq. mile)
60%
College Educated
$87,060
Estimated Median Income
3,696
Estimated Total Home Owners
1,507
Estimated Total Renters
71% / 29%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

840 Ocean Ave #45 Monthly Cost

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$ %
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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

840 Ocean Ave #45 Market Data

Based on the last 30 days in this zip code

$1,796,546
Average List Price
$1,124
Average Price per Square Foot
7
Properties Sold
88
Average Days on Market
26
Properties for Sale
Calculations provided by Reliance Network

840 Ocean Ave #45 History

Date Event Value Agent
6/5/2026Source: South Jersey Shore MLS Price Reduction
$199,000 -4.8%
4/16/2026Source: South Jersey Shore MLS Price Reduction
$209,000 -7.1%
3/2/2026Source: South Jersey Shore MLS Added to Database
March 02, 2026
9/23/2024Source: South Jersey Shore MLS Status Change
Sold-In House
9/3/2024Source: South Jersey Shore MLS Status Change
Under Contract
7/8/2024Source: South Jersey Shore MLS Added to Database
July 08, 2024