940 Broadway, West Long Branch, NJ 07764

New Listing
$999,000
Property Type: Multi-Family Bedrooms: 6 Baths: 3 Square Footage: 2,329 Lot Size (sq. ft.): 14,375 Status: Active
Current Price: $999,000 List Date: 2/04/2026 Last Modified: 2/04/2026

Description

Income-producing three-family property in a desirable West Long Branch location. The building features three residential units plus garage income, offering immediate cash flow with clear upside potential. Currently occupied and functional, the property presents an opportunity for improvements over time to increase value and returns. Strong rental demand driven by proximity to Monmouth University, major highways, shopping, and the Jersey Shore. Ideal for investors seeking a value-add multifamily asset in a town with limited supply.

More Information MLS# 22603104

Contract Info

List Price/SqFt: 428.94 Status: Active List Date: 2026-02-04 List Price: $999,000 Current Price: $999,000 Property Sub-Type: Three Family

Location

Area/Section: None Middle School: Frank Antonides House Number: 940 Street Name: Broadway County: Monmouth Municipality: West Long Branch (WLB) Postal City: West Long Branch State: NJ Zip Code: 07764 Complex/Subdivision: None Directions: 940 Broadway Ave, Long Branch in GPS

General Property Info

# Units in Bldg: 3 Waterfront: No # Levels: 2 Waterview: No Lot Dimensions: 104 x 142 Basement: Yes Garage: Yes # Acres: 0.33 # Car Garage: 2 # Parking Spaces: 5 Pool: No Bedrooms: 6 Full Baths: 3 Total Baths: 3 Apx SqFt: 2329 Apx Year Built: 1924

Tax and Legal

Asmnt - Total: 816700 Deed Restricted: No Special Assessment: No Taxes: 10339 Tax Year: 2025

Remarks & Misc

Excluded: Tenant's personal belongings.

Unit 1

# Bedrooms: 4 # Full Baths: 1 Rent: 2495

Unit 2

# Bedrooms: 1 # Full Baths: 1 Rent: 1225

Unit 3

# Full Baths: 1 Rent: 1600

Income & Expenses

Electric Expense: 298 Gas Expense: 2200 Water/Sewer Expense: 7600 Other Expense Amt 1: 360 Other Expense Desc 1: Landscaping

Zoning

Multi-Family: 1 Residential: 1

Showing

Showing Time: 1

Lot Description

Corner Lot: 1 Level: 1

Water/Sewer

Public Sewer: 1 Public Water: 1

Floors

Wood: 1

Basement

Crawl Space: 1 Partial: 1

Cooling

Central Air: 1 Other: 1

Water Heater

Natural Gas: 1

Heating

Natural Gas: 1

Parking

Off Street: 1 Paved: 1

Assessment Status

Assessed: 1

Roof

Shingle: 1

Property Features

Basement: Crawl Space; Partial Floors: Wood Cooling: Central Air; Other Heating: Natural Gas Water Heater: Natural Gas Roof: Shingle Parking: Off Street; Paved Zoning: Multi-Family; Residential Lot Description: Corner Lot; Level Assessment Status: Assessed Showing: Showing Time
Listing Office: Weichert Realtors
Listing Agent: Michael Mizrahi
IDX
Last Updated: February - 04 - 2026
Broker Attribution: 732-539-8801

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