#597863, Listing office: eXp Realty - Ocean City O382L
Property details
About 500 W New Jersey Ave
Fabulous investment property, 100% occupied Quadruplex- Great neighborhood in Somers Point, 0.5 miles from Bay Avenue, centrally located to all the fun, shopping and dining Somers Point has to offer. Close to public transportation, the Parkway, the Somers Point- Ocean City bridge and the Longport- Somers Point bridge. This well-maintained property consists of two 2-bedroom 1 bath side by side Townhomes. Two stories, the first floor offers a good size living room with a large storage/coat closet. Eat in kitchen with electric cooking and washer/dryer. Second floor consists of 2 spacious bedrooms and a full bathroom. Both are tenant occupied and well maintained each units get 2 assigned parking spaces. Unit #3 is a ground floor unit along the side of the townhouse leading to the back of the property, that unit consists of 2 bedrooms with a flex room/3rd bedroom with a closet and pocket doors, the current tenants use 1 of the 2 spacious bedrooms for an office and the flex room as the living/family room and the living room as a dressing room/gym. (See photos) Eat in kitchen, stackable washer and dryer and spacious bathroom, this unit has 2 assigned parking spaces. Unit #4 is a ground floor, 1 bedroom 1 bath unit with washer and dryer the bathroom is a Jack and Jill bathroom that turns the bedroom into a primary. This unit comes with a decent size storage area and 1 assigned parking spot. All units have stainless appliance package in kitchen and central split systems for heat and central air.
Highlights
Home typeMulti Family
HeatingElectric, Space/Wall/Floor, Other
StatusActive
CoolingCentral Air, Wall Unit(s)
Size3,800 sqft
BasementYes
Year built1964
ParkingAssigned, Parking Pad
MLS #597152
WaterfrontSee Remarks
ViewSee Remarks
Summary
- Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
- Basement: Yes
- Attached Garage: No
- Parking: Assigned, Parking Pad
- Waterfront: See Remarks
- View: See Remarks
- Exterior: Curbs, Sidewalks
- Heating: Electric, Space/Wall/Floor, Other
- Cooling: Central Air, Wall Unit(s)
- List Price: $849,000
- Price/SqFt: $223
- Annual Tax Amount: $10,864
- Tax Year: 2024
- Lot: Curbs, Sidewalk
- Directions: from Bay Ave to New Jersey Ave, take New Jersey Ave half mile, property is on the left
- Year Built: 1964
- Living Area: 3,800 SqFt
- MLS Number: 597152
- Office Name: BHHS FOX and ROACH-Margate
- Office Phone: (609) 822-4200
- Office Email: Margaret.Nulty@foxroach.com
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The information on this web site 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
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Last updated on: 7/21/2025, 11:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 25, 2018 | Home Sold | $275,000 |
| Sep 15, 2016 | Home Sold | $169,000 |
| Dec 01, 2005 | Home Sold | $325,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $313,100 | $10,864 |
| 2022 | $313,100 | $10,304 |
| 2021 | $313,100 | $10,094 |
| 2020 | $313,100 | $10,094 |
| 2019 | $313,100 | $9,809 |
History based on county public records data.
Nearby schools
2
Dawes Avenue Elementary School
Public District KG-3
1.0 mi
•22 W Dawes Ave
6
Seaview Elementary School
Public District PK-4
1.7 mi
•2013 Wabash Ave
5
Ocean City Primary School
Public District PK-3
2.7 mi
•550 West Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $70,888. The majority of Somers Point, NJ residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
26%
<35k
47%
35k-100k
24%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
11%
Single, with Kids
28%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
8%
12-17 yrs old
17%
18-34 yrs old
48%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
PGA/LPGA
Symphony or Opera
Where do the neighbors shop?
Nordstrom Rack
Stein Mart
Chico's
Where do the neighbors go to eat?
Chipotle
Bonefish Grill
Boston Market
What do the neighbors drive?
Mazda
Lincoln
Volvo
What do the neighbors listen to?
Rock
Classical
Talk/Personality
All data provided by Home Junction and Claritas
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#NJAC2018910, Laura A Idell, Listing office: BHHS Fox & Roach 9th Street-Ocean City
Frequently asked questions
About 500 W New Jersey Ave
The listing price of 500 W New Jersey Ave property is $849,000.
The property 500 W New Jersey Ave is a multi located in Somers Point, New Jersey, 08244.
Active Listing: 500 W New Jersey Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 500 W New Jersey Ave are: Dawes Avenue Elementary School (GreatSchools Rating 2/10), Seaview Elementary School (GreatSchools Rating 6/10), Ocean City Primary School (GreatSchools Rating 5/10), Jordan Road Middle School (GreatSchools Rating 4/10), Belhaven Middle School (GreatSchools Rating 7/10), Ocean City Intermediate School (GreatSchools Rating 6/10), Chartertech High School for the Performing Arts (GreatSchools Rating 2/10), Mainland Regional High School (GreatSchools Rating 5/10), Ocean City High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $10,864 (source: MLS/based on county public records data).
The last sale was on July 25, 2018 for $275,000 (source: MLS/tax record).
The property 500 W New Jersey Ave is 3,800 SqFt (source: MLS/tax record).
The year of construction for 500 W New Jersey Ave is 1964.
This home is located at 500 W New Jersey Ave in Somers Point, NJ and zip code 08244. This 3,800 square foot home was built in 1964. Features: 0 bathroom. It has been listed on Rocket Homes since June 10, 2025 and is currently priced at $849,000.
Somers Point, NJ housing market in June 2025 saw over 1 listings sold above listed price, more than 2 sold at listed price and over 6 sold below. The number of homes for sale in Somers Point, NJ decreased by 9.7% between May and June 2025. While the average time on the market in June 2025 was 54 days, the median list price was $412,000.
From Rocket Homes Real Estate and based on county public records data.