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Listed price in listed location currency (USD).
$3,450,000

008

MLS® 22602341

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $23,508
Days Active 5
Approx. Age 1966
MLS® Number 22602341

Property Address: 380 Division St, Long Branch, NJ, 07740-6056

Average square foot calculated using Size range provided by listing agent.

Description

380 Division Street represents a compelling 1031 exchange replacement opportunity for investors seeking immediate, stable income, minimal management burden, and long-term appreciation in a coastal New Jersey market. Converted from a convent in 2023, this fully occupied 14-unit apartment building features modern interiors, upgraded systems, strong life-safety infrastructure, and institutional-grade security—significantly reducing capital expenditure risk for the incoming owner. With a 7.49% cap rate, low annual operating expenses, and a one-bedroom-heavy unit mix, this asset is ideally suited for buyers under 1031 timelines who require a turnkey, stabilized property with durable cash flow. Newer conversion (2023) Fully occupied with in-place rents Low operating expenses
MLS® Number22602341
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1966
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 26, 2026List Date
$3,450,000List Price
  • Commute

Commute

Starting Address
Destination Address
380 Division St, Long Branch, NJ

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