298 Shrewsbury Avenue, Red Bank, NJ 07701 (MLS# 22536879)

298 Shrewsbury Avenue, Red Bank, NJ 07701

$825,000

Property Type: Multi-Family Square Footage: 2,812 Lot Size (sq. ft.): 4,356 Status: Pending

Current Price: $825,000 List Date: 12/16/2025 Last Modified: 3/30/2026

Overview

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.

Listing Details MLS# 22536879

Contract Info

List Price/SqFt: 293.39
Property Sub-Type: Duplex
New Construction: No

Location

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

General Property Info

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

Tax and Legal

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

Status Change Info

Contingent Date: 2025-12-30
Under Contract Date: 2026-01-14

Unit 1

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

More Information

Unit 2

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

Unit 3

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

Remarks & Misc

Excluded: All Personal Property

Zoning

Multi-Use: Yes

Lot Description

Level: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Basement

Full: Yes

Cooling

Central Air: Yes

Water Heater

Natural Gas: Yes

Heating

Forced Air: Yes

Exterior

Deck: Yes

Parking

On Street: Yes

Assessment Status

Assessed: Yes

Siding

Stucco - Cement: Yes

Roof

Flat: Yes
Shingle: Yes

Tenant Pays

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

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

Last Updated: March - 30 - 2026

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