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(732) 444-8622 Keller Williams Realty

28 Norwood Avenue, Long Branch, NJ 07740

New Listing
$1,450,000
Property Type: Multi-Family Bedrooms: 7 Baths: 4 Square Footage: 2,878 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $1,450,000 List Date: 8/28/2026 Last Modified: 8/28/2026

Overview

Description

Welcome to 28 Norwood Avenue, a fully renovated 4-family investment property in Long Branch. Renovated in 2023, the property features updated kitchens and bathrooms, vinyl flooring, recessed lighting, updated plumbing, a new roof, HVAC systems, and four individual water heaters. The property includes three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, generating $10,070 in gross monthly rent. Each unit is separately metered for gas and electric, which are tenant-paid. Additional features include individual heating and cooling systems and a two-car driveway. A strong turnkey opportunity for investors seeking an updated multifamily asset with in-place income.

Supplements: To schedule a showing, please call or text agent. Use showingtime. Appointment requires 24 hour notice for tenants.

Listing Details MLS# 22627072

Contract Info

List Price/SqFt
503.82
Property Sub-Type
Four Family
New Construction
No

Location

House Number
28
Street Name
Norwood
Street Suffix
Avenue
County
Monmouth
Municipality
Long Branch (LON)
Postal City
Long Branch
State
NJ
Zip Code
07740
Area/Section
None
Complex/Subdivision
None
Middle School
Long Branch
High School
Long Branch
Directions
Broadway to Norwood - Corner of Conover St/Norwood Ave

General Property Info

# Units in Bldg
4
Full Baths
4
Total Baths
4
# Levels
2
Apx SqFt
2878
Grandfathered
Y
Apx Year Built
1910
Handicap Access
No
# Acres
0.14
Lot Dimensions
50 x 126
# Parking Spaces
2
Garage
Yes
# Car Garage
Yes
Pool
No
Waterfront
No
Waterview
No
Basement
Yes

Tax and Legal

Asmnt - Total
852000
Deed Restricted
No
Taxes
13000
Tax Year
2026

Unit 1

# Bedrooms
2
# Full Baths
Yes
Rent
2670
AC Unit
Yes
Electric Meter
Yes
Furnace
Yes
Gas Meter
Yes
Refrigerator
Yes

Unit 2

# Bedrooms
2
# Full Baths
Yes
Rent
2600
AC Unit
Yes
Electric Meter
Yes
Furnace
Yes
Gas Meter
Yes
Gas Stove
Yes
Refrigerator
Yes

More Information

Unit 3

# Bedrooms
Yes
# Full Baths
Yes
Rent
2200
AC Unit
Yes
Furnace
Yes
Gas Meter
Yes
Gas Stove
Yes
Refrigerator
Yes

Unit 4

# Bedrooms - Unit 4
2
# Full Baths - Unit 4
Yes
Rent
2600
Electric Meter
Yes
Furnace
Yes
Gas Meter
Yes
Gas Stove
Yes

Income & Expenses

Insurance Expense
2700
RE Tax Expense
13000
Water/Sewer Expense
1440
Other Expense
3600
Other Expense Desc
320 - Landscape
Estimated Total Expenses
21060
Gross Income
120840
Net Income
99780
Financials Per
Year

Zoning

Multi-Family
Yes
Residential
Yes
Single Family
Yes

Showing

Call Agent
Yes
Showing Time
Yes

Lot Description

Corner Lot
Yes

Water/Sewer

Public Sewer
Yes
Public Water
Yes

Floors

Vinyl
Yes

Basement

Other
Yes
Partial
Yes

Cooling

Central Air
Yes
Multi Units
Yes

Water Heater

Natural Gas
Yes

Heating

Forced Air
Yes

Parking

Common
Yes
Paved
Yes

Garage

Detached
Yes

Assessment Status

Assessed
Yes

Siding

Aluminum Siding
Yes

Roof

Shingle
Yes

Landlord Pays

Garbage Removal
Yes
Grounds Care
Yes
Sewer
Yes
Water
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Heat
Yes

Property Features

Unit 1: AC Unit; Electric Meter; Furnace; Gas Meter; Refrigerator Unit 2: AC Unit; Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator Unit 3: AC Unit; Furnace; Gas Meter; Gas Stove; Refrigerator Unit 4: Electric Meter; Furnace; Gas Meter; Gas Stove Basement: Partial; Other Floors: Vinyl Cooling: Central Air; Multi Units Heating: Forced Air Water Heater: Natural Gas Siding: Aluminum Siding Roof: Shingle Garage: Detached Parking: Common; Paved Zoning: Multi-Family; Residential; Single Family Lot Description: Corner Lot Assessment Status: Assessed Landlord Pays: Garbage Removal; Grounds Care; Sewer; Water Tenant Pays: Electricity; Gas; Heat Showing: Call Agent; Showing Time
IDX
Listing Office: Beba Realty, LLC
Listing Agent: Victor Gheriani
Source MLS Verified
Last Updated: August - 28 - 2026
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.