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Ocean City, NJ homes for sale

Multi-Family Homes for Sale in Ocean City, NJ

Every multi-family property for sale in Ocean City, NJ: duplexes, triplexes and other buildings where you buy all of the units together.

In early November 2026 the MLS listed about a dozen Ocean City multi-family properties, from about $1.5 million to over $14 million. Buyers look at them to use one unit and rent the others, or to rent every unit by the week in summer and by the season the rest of the year.

Many Ocean City duplexes are sold one floor at a time as condos instead. If you want a single unit, see condos for sale and our guide to buying a condo in Ocean City.

Before you make an offer, ask us for the rental history of each unit. Every rental unit needs its own city rental license and, for one- and two-family homes, an in-person inspection; see renting out your Ocean City home. Our guide to shore home costs covers flood insurance and property taxes.

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Multi-Family Homes for Sale in Ocean City, NJ

1020 Asbury Ave, Ocean City
$1,599,000
613258 MLS
PRIME DOWNTOWN OCEAN CITY INVESTMENT OPPORTUNITY! Located in the heart of Ocean City at 10th Street and Asbury Avenue, this versatile three-story mixed-use property offers endless possibilities for investors, business owners, and owner-occupants alike! The first floor features commercial space in a highly desirable downtown location, ideal for establishing your business or generating rental income. Above, you'll find two beautifully remodeled residential units. The spacious second-floor unit offers 4 bedrooms and 1 full bath, while the third-floor unit features 3 bedrooms and 1 full bath. Both residential units have been tastefully updated, providing attractive options for year-round living, seasonal use, or rental income. ALL THREE UNITS WILL BE DELIVERED VACANT AT SETTLEMENT giving the new owner complete flexibility to occupy, lease, or establish their own rental rates from day one! Live in one unit while generating income from the others, operate your business downstairs, or maximize the property's investment potential. Just steps from Ocean City's popular shops, restaurants, and downtown attractions- and a short walk to prime Boardwalk attractions and beautiful beaches- this is a rare opportunity to own a mixed-use property in one of the shore's most sought-after communities. Each unit has one private parking spot. Residential units will be delivered fully furnished. Both Residential units have private in unit laundry. Each residential unit rents for $60 ,000 in summer rental income plus commercial store lease- projected annual /summer income of 160,000 LOCATION, FLEXIBILITY & INCOME POTENTIAL — THE POSSIBILITIES ARE ENDLESS!

1020 Asbury Ave, Ocean City

840/842 Wesley Ave # 840 & 842 Ave, Ocean City
$3,425,000
611112 MLS
OVER $118,100 already booked for 2027!! Over $223,000 already booked for 2026!! Turn-key rental investment with exceptional performance in the heart of Ocean City, NJ—840–842 Wesley Ave (corner of 9th & Wesley). This rare, flexible layout combines the 1st and 2nd floor units to create a powerhouse vacation property offering 10 bedrooms, 6 bathrooms, plus 2 outdoor cabana showers, and accommodations for up to 28 guests. Proven income producer: over $223,000 in 2026 rentals with more on the way!! Consistently bringing in approximately $230,000 annually for the past 5 years ($245K in 2024) Each level offers approximately 1,700 sq ft with 5 bedrooms and 3 full baths per floor, and the home can be enjoyed as two separate units or together via an interior connecting door—allowing access between floors without going outside (typically unlocked only when both floors are rented together). Features & amenities buyers and renters love: • Private elevator (ground level to 2nd floor only) • No steps once inside either unit • Two ground-level recreation rooms (TVs, foosball/game tables, games) • Large flat-screen TVs + TVs in every bedroom • Keyless entry, private entrances, internal stairwells • Front decks off living areas (locking gate) + rear decks off the primary suites • Washer/dryer on each floor • Off-street parking for up to 6 vehicles • Beach-ready extras (tags, chairs, wagon/stroller, umbrellas, cooler, boogie boards/toys) Prime walkable location—a short stroll to the beach, boardwalk, and downtown. Park once and walk everywhere. Units can be rented separately or together. Inquire for showing and rental history details.

840/842 Wesley Ave # 840 & 842 Ave, Ocean City

816 Wesley Ave, Ocean City
$2,695,000
608134 MLS
REDUCED $200,000! ALL REASONABLE OFFERS CONSIDERED! The Painted Lady, built in 1891, is truly one of a kind and an iconic part of Ocean City’s historic charm. This stunning Victorian single-family home, also known as The Thomas S. Simmons House, offers over 5,600 square feet of living space and was thoughtfully restored in 2019 while preserving its timeless character and elegance. The main home features 6 bedrooms, including a beautiful primary suite, and 3.5 baths. A spacious, cozy wraparound front porch — one of the finest in Ocean City — welcomes you into a formal entry showcasing the home’s exquisite vintage craftsmanship, including extensive woodwork, original fixtures, a grand staircase, hardwood floors, glass doorknobs, and classic switch plates. The interior is tastefully appointed with a blend of historic charm and modern comfort, featuring an updated eat-in kitchen with stainless steel appliances, granite countertops, a large center island, formal dining room, elegant parlor with piano, office, and beautifully remodeled baths with custom tile, elevated granite-top vanities, and glass-enclosed showers. Additional highlights include gas hot water baseboard heat, all-new electric, a tankless water heater, newer windows, and more. One of the property’s rarest features is the large, shaded outdoor entertaining area complete with a paved patio perfect for barbecuing, dining, and relaxing, along with a 2-car paver driveway and enclosed outdoor shower. Bonus for investors: the property also includes five additional apartments consisting of Rear Duplex G1 with 1 bedroom and 1 bath, G2 with 3 bedrooms and 1.5 baths, Apartment A with 2 bedrooms and 1 bath, Apartment B with 1 bedroom and 1 bath, and Apartment C, an efficiency unit. Attached to the listing is the current rental information for all six units. Potential seasonal rental income exceeds $150,000 annually. Historic charm, an unbeatable location just moments from the beach, boardwalk, and downtown, plus exceptional rental income potential! See you at The Painted Lady!

816 Wesley Ave, Ocean City

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Real Estate listings held by brokerage firms other than Berger Realty are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers.

Information is deemed accurate but not guaranteed.

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