54 Olin Street, Ocean Grove, NJ 07756

• 3 beds |
• 3 baths |
• 2,587 sqft

Property Description

The best deal in Ocean Grove! You can live three blocks to the beach, steps to Main Ave, and a short stroll to Asbury Park. This recently renovated, historic building uniquely provides income from two first floor commercial spaces with a current rent roll that offsets your taxes and insurance. Compared to single family homes of this quality, size, and location, the value is undeniable. Rental income covering the carrying costs is the icing on the cake! Now vacant and easy to show, the residential portion stuns with high ceilings on both levels, three bedrooms and three full bathrooms, a gas fireplace, updated kitchen, large living room and a bonus room. The basement is bone dry. The whole building is equipped with fire suppression. Savvy buyers know this is a rare opportunity!

Listing Status:

Active

Date Added:

November 19, 2025 at 06:00AM

Listing Office:

Allegro Agency : 732-988-5800

Listing Agent:

Christopher Morales : 732-988-5800

MLS ID:

22534904

Interior

• General: High Ceilings
• Basement: Unfinished
• Flooring: Wood
• A/C: Central Air
• Heating: Natural Gas
• Fireplace: FireplaceFireplaces: 1

Exterior

• General: Balcony
• Style: CustomHistoric

Construction

• Roofing: FlatShingle
• General: 2

Location

• Originating MLS: MOREMLS (Monmouth Ocean Regional REALTORS®)
• County: Monmouth

Lot

• Zoning: 35-00164-0000-00003

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
• Exclusions: personal property

This listing courtesy of Christopher Morales, Allegro Agency