380 Division Street, Long Branch, NJ 07740
New Listing
$3,950,000
Property Type:
Commercial
Square Footage:
9,436
Lot Size (sq. ft.):
14,810
Status:
Active
Current Price:
$3,950,000
List Date:
3/23/2026
Last Modified:
3/23/2026
Overview
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 new owner.
With a 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 exp
Listing Details MLS# 22602341
Contract Info
- Property Sub-Type
- Commercial
- Sale
- Yes
- Lease
- No
- List Price/SqFt
- 418.61
- New Construction
- R
Location
- House Number
- 380
- Street Name
- Division
- Street Suffix
- Street
- County
- Monmouth
- Municipality
- Long Branch (LON)
- Postal City
- Long Branch
- State
- NJ
- Zip Code
- 07740
- Area/Section
- None
- Directions
- GSP Exit 105, 36 East, Right on Broadway, right on Morris, Right on Division, Number 380.
- Near Busstop
- Yes
- Near Rrtrans
- Yes
General Property Info
- # Levels
- 2
- Apx SqFt
- 9436
- Garage
- No
- # Parking Spaces
- 8
- Acreage
- 0.34
- Lot Dimensions
- 100 x 150
- Business Operating
- Yes
- Franchise
- No
- # Car Garage
- 0
Tax and Legal
- Asmnt - Total
- 1567200
- Taxes
- 23508
- Tax Year
- 2025
Remarks & Misc
- Excluded
- N/A
Income & Expenses
- # Rental Units
- 14
- Financials Per
- Year
- Gross Income
- 323400
- Net Operating Income
- 258400
- Total Expenses
- 65000
More Information
Use
- Apartments
- Yes
Lot Description
- Corner Lot
- Yes
Electric
- Three Phase
- Yes
Basement
- Slab
- Yes
Gas
- On Site
- Yes
Cooling
- Electric
- Yes
Water Heater
- Natural Gas
- Yes
Heating
- Electric
- Yes
Water
- Public Water
- Yes
Sewer
- Public Sewer
- Yes
Common Elements
- Common Area
- Yes
- Laundry
- Yes
Parking
- On Site
- Yes
- Parking Lot
- Yes
Assessment Status
- Assessed
- Yes
Construction/Siding
- Brick
- Yes
Roof
- Shingle
- Yes
Material
- Brick
- Yes
- Concrete
- Yes
Landlord Pays
- Common Area Maintenance
- Yes
Documents Available
- Blue Prints
- Yes
- Building Plan
- Yes
- Lease
- Yes
- Site Plan
- Yes
Energy Features
- Energy Appliances
- Yes
- Thermostat
- Yes
- Windows: Energy Star Rated
- Yes
Property Features
Location:
Near Busstop; Near Rrtrans; Near Busstop; Near Rrtrans
Use:
Apartments
Basement:
Slab
Cooling:
Electric
Water Heater:
Natural Gas
Water:
Public Water
Sewer:
Public Sewer
Gas:
On Site
Electric:
Three Phase
Parking:
On Site; Parking Lot
Roof:
Shingle
Material:
Brick; Concrete
Lot Description:
Corner Lot
Common Elements:
Common Area; Laundry
Landlord Pays:
Common Area Maintenance
Assessment Status:
Assessed
Documents Available:
Blue Prints; Building Plan; Lease; Site Plan
Energy Features:
Energy Appliances; Thermostat; Windows: Energy Star Rated
Listing Office:
EXP Realty
Listing Agent:
Charlotte Toomey
Last Updated: March - 23 - 2026
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