298 Shrewsbury Avenue, Red Bank, NJ 07701

New Listing
$825,000
Property Type: Multi-Family Square Footage: 2,812 Lot Size (sq. ft.): 4,356 Status: Active
Current Price: $825,000 List Date: 12/16/2025 Last Modified: 12/16/2025

Description

A fully-rented mixed-use property offering immediate income & long-term flexibility in a prime location. The building includes a street-level commercial storefront along Shrewsbury Ave & 2 separate residential 3 bedroom apartments. The storefront includes a private bathroom and utility sink & benefits from strong visibility along one of Red Bank's main corridors. The 2 residential units are separately accessed & feature hardwood floors throughout, high ceilings & in-unit washer/dryer.Both apartments include kitchens w/ granite countertops, white cabinetry & a full appliance package.The units open to an elevated rear deck overlooking the expansive yard. A compelling opportunity to own an income-producing asset with residential scale & commercial visibility.

More Information MLS# 22536879

Contract Info

List Price/SqFt: 293.39 New Construction: No Status: Active List Date: 2025-12-16 List Price: $825,000 Current Price: $825,000 Property Sub-Type: Duplex

Location

Area/Section: None Elementary School: Red Bank Prm Tax Unit #: N Middle School: Red Bank High School: Red Bank Reg Other High: Red Bank Cath House Number: 298 Street Name: Shrewsbury Street Suffix: Avenue County: Monmouth Municipality: Red Bank (RED) Postal City: Red Bank State: NJ Zip Code: 07701 Complex/Subdivision: None Directions: Newman Springs Road to Shrewsbury Ave

General Property Info

# Units in Bldg: 3 Handicap Access: No Waterfront: No # Levels: 3 Waterview: No Grandfathered: N Fireplace: No Lot Dimensions: 25 x 182 Basement: Yes Garage: No # Acres: 0.1 # Car Garage: 0 Pool: No Apx SqFt: 2812 Apx Year Built: 1930

Tax and Legal

Asmnt - Total: 467200 Deed Restricted: No Taxes: 8512 Tax Year: 2025

Remarks & Misc

Excluded: All Personal Property

Unit 1

# Bedrooms: 3 Bedroom Level: 2 # Full Baths: 1 Kitchen Level: 2 Living Room Level: 2 Dishwasher: 1 Dryer Hookup: 1 Furnace: 1 Gas Meter: 1 Gas Stove: 1 Washer: 1 Washer Hookup: 1 Water Heater: 1 Water Meter: 1

Unit 2

Master Bedroom Level: 3 # Bedrooms: 3 Bedroom Level: 3 # Full Baths: 1 Kitchen Level: 3 Living Room Level: 3 Dishwasher: 1 Dryer: 1 Dryer Hookup: 1 Electric Meter: 1 Furnace: 1 Gas Meter: 1 Gas Stove: 1 Refrigerator: 1 Washer: 1 Washer Hookup: 1 Water Heater: 1 Water Meter: 1

Unit 3

# Half Baths: 1 Other Level: 1 Tenant Name: Commercial Store Other - See Remarks: 1

Zoning

Multi-Use: 1

Lot Description

Level: 1

Water/Sewer

Public Sewer: 1 Public Water: 1

Basement

Full: 1

Cooling

Central Air: 1

Water Heater

Natural Gas: 1

Heating

Forced Air: 1

Exterior

Deck: 1

Parking

On Street: 1

Assessment Status

Assessed: 1

Siding

Stucco - Cement: 1

Roof

Flat: 1 Shingle: 1

Tenant Pays

Electricity: 1 Garbage Removal: 1 Gas: 1 Grounds Care: 1 Heat: 1 Hot Water: 1 Sewer: 1 Snow Removal: 1 Water: 1

Property Features

Unit 1: Dishwasher; Dryer Hookup; Furnace; Gas Meter; Gas Stove; Washer; Washer Hookup; Water Heater; Water Meter Unit 2: Dishwasher; Dryer; Dryer Hookup; Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator; Washer; Washer Hookup; Water Heater; Water Meter Unit 3: Other - See Remarks Basement: Full Cooling: Central Air Heating: Forced Air Water Heater: Natural Gas Exterior: Deck Siding: Stucco - Cement Roof: Flat; Shingle Parking: On Street Zoning: Multi-Use Lot Description: Level Assessment Status: Assessed Tenant Pays: Electricity; Garbage Removal; Gas; Grounds Care; Heat; Hot Water; Sewer; Snow Removal; Water
Listing Office: Sourlis Intl Realty Corp
Listing Agent: Dorothy A Whitehouse
IDX
Last Updated: December - 16 - 2025
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