54 Olin Street, Ocean Grove, NJ 07756

$899,900
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,587 Lot Size (sq. ft.): 871 Status: Active
Current Price: $899,900 List Date: 11/19/2025 Last Modified: 12/31/2025

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!

More Information MLS# 22534904

Contract Info

List Price/SqFt: 347.85 Sub-Type: Detached Status: Active List Date: 2025-11-19 List Price: $899,900 Current Price: $899,900 Property Sub-Type: Single Family Residence

Location

Area/Section: Ocean Grove Middle School: Neptune House Number: 54 Street Name: Olin Street Suffix: Street County: Monmouth Municipality: Neptune Twp (NPT) Postal City: Ocean Grove State: NJ Zip Code: 07756 Complex/Subdivision: Ocean Grove Directions: Main to Pilgrim to Olin

General Property Info

Waterfront: No # Levels: 2 Waterview: No Acreage: 0.02 Fireplace: Yes Lot Dimensions: 19 x 51 Rooms: 9 # Fireplaces: 1 Basement: Yes # Units/Bldgs: 3 Garage: No # Car Garage: 0 HOA: No Pool: No Bedrooms: 3 Full Baths: 3 Total Baths: 3 Apx SqFt: 2587 Apx Year Built: 1910

Tax and Legal

Asmnt - Total: 1229200 Taxes: 20152 Tax Year: 2024

Remarks & Misc

Excluded: personal property

Ownership Type

Fee Simple: 1

Style

Custom: 1 Historic: 1

Interior

Ceilings - 9Ft+ 1st Flr: 1 Ceilings - 9Ft+ 2nd Flr: 1

Showing

Showing Time: 1

Living Room

Fireplace - Gas: 1 Floor - Wood: 1

Dining Room

Floor - Wood: 1

Water/Sewer

Public Sewer: 1 Public Water: 1

Floors

Wood: 1

Kitchen

Center Island: 1

Basement

Unfinished: 1

Primary Bedroom

Floor - Wood: 1 Full Bath: 1

Cooling

Central Air: 1

Water Heater

Natural Gas: 1

Primary Bath

Tub: 1

Heating

Natural Gas: 1

Exterior

Balcony: 1

Assessment Status

Assessed: 1

Roof

Flat: 1 Shingle: 1

Rooms

Bathroom: 1 Bedroom: 1 Bonus Room: 1 Dining Room: 1 Kitchen: 1 Living Room: 1 Primary Bathroom: 1 Primary Bedroom: 1

Bathroom Level

Second: 1 Third: 1

Primary Bathroom Level

Second: 1

Bedroom Level

Third: 1

Bonus Room Level

Third: 1

Dining Room Level

Second: 1

Kitchen Level

Second: 1

Living Room Level

Second: 1

Primary Bedroom Level

Second: 1

Property Features

Ownership Type: Fee Simple Style: Custom; Historic Interior: Ceilings - 9Ft+ 1st Flr; Ceilings - 9Ft+ 2nd Flr Living Room: Fireplace - Gas; Floor - Wood Dining Room: Floor - Wood Kitchen: Center Island Primary Bedroom: Floor - Wood; Full Bath Primary Bath: Tub Basement: Unfinished Floors: Wood Cooling: Central Air Heating: Natural Gas Water Heater: Natural Gas Exterior: Balcony Roof: Flat; Shingle Assessment Status: Assessed Showing: Showing Time Rooms: Bathroom; Bedroom; Bonus Room; Dining Room; Kitchen; Living Room; Primary Bathroom; Primary Bedroom Bathroom Level: Second; Third Primary Bathroom Level: Second Bedroom Level: Third Bonus Room Level: Third Dining Room Level: Second Kitchen Level: Second Living Room Level: Second Primary Bedroom Level: Second

Room Information

Bathroom Level: Second Level: Second Living Room Level: Second Level: Second Dining Room Level: Second Level: Second Kitchen Level: Second Level: Second Primary Bedroom Level: Second Level: Second Primary Bathroom Level: Second Level: Second Bedroom Level: Third Level: Third Bonus Room Level: Third Level: Third Bedroom Level: Third Level: Third Bathroom Level: Third Level: Third
Listing Office: Allegro Agency
Listing Agent: Christopher Morales
IDX
Last Updated: December - 31 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.