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$ 619,000
Est. payment | /mo
3 Beds
$ 619,000
Est. payment | /mo
3 Beds
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 602986
Bedrooms 3
Annual Tax Amount $7,474
Tax Year 2024
Property Sub-Type Triplex
Property Description
Welcome to 25 W Pierson — a high-performing triplex on a quiet, desirable block just steps from the local school. This property features three well-laid-out units: a spacious 3BD/2BA, a 1BD/1BA, and a detached 2BD/1BA cottage, offering strong rental diversity and consistent demand. Currently generating over $60,000 in annual income, this asset presents a clear value-add opportunity with projected rents reaching nearly $70,000 annually through light updates and repositioning. Units are easy to lease due to the prime location, walkability, and stable tenant base in the area. Whether you're expanding your portfolio or seeking a reliable, cash-flowing investment with upside, 25 W Pierson checks all the boxes: income, location, and long-term growth potential.
Location
State NJ
County Atlantic
Community Somers Point
Area Somers Point City
Rooms
Basement 6 Ft. or More Head Room
Interior
Heating Baseboard
Exterior
Exterior Feature Cedar
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by Compass New Jersey-Ocean City (O463E)
Nearby Locations
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