$615,000
438 Shore , Somers Point, NJ 08244
- Status:
- Active
- MLS #:
- 613272
- County:
- Atlantic
- Listed By:
- Mark Benevento, II - Compass New Jersey-Ocean City (O463E)
- Agent Phone:
- (609) 402-1906
- Agent Email:
- mbiimanagement@gmail.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
A well-positioned income-producing triplex on one of Somers Point's most traveled corridors, offering immediate cash flow with meaningful upside. This three-unit property sits on Shore Road just minutes from Ocean City, the bay, and Shore Medical Center — a location that keeps units occupied year-round. The building comprises two one-bedroom units and a studio, generating current rents of $1,333, $1,800, and $1,300 per month for a combined gross income of $4,433/month. The third unit — a one-bedroom currently rented at $1,300 — is being offered with a projected post-renovation rent of $1,700/month, representing a straightforward value-add play with a clear path to $4,833/month in stabilized gross income. Pro forma cap rate = 7%. Built circa 1900 and encompassing approximately 1,795 square feet on a 0.17-acre lot, this property suits an owner-occupant looking to offset carrying costs or an investor seeking a low-maintenance addition to a South Jersey coastal portfolio. The Shore Road location delivers consistent rental demand driven by proximity to the Ocean City bridge, hospital employment, and the broader Atlantic County job market. Whether you're acquiring at current rents or executing the light renovation to push Unit 3 to market rate, the numbers work from day one.
Highlights
- Residential Income
- Triplex
- 3 Car Garage
- 12 days on Market
-
- Garage Spaces
- 3.0
-
- Heating
- Forced Air
-
- Water
- Public
-
- County
- Atlantic
-
- City
- Somers Point
-
- Zip Code
- 08244
-
Ask a Question
ez Mortgage Calculator
Enter your details below to estimate your monthly mortgage payment with taxes, fees and insurance.
$
Please enter a valid number
Cost of the current home: $615000
$
%
Please enter a valid number
Cash you pay when you close
Affects interest rates. 30- or 15- year loans are standard.
%
Default rate is illustrative, set internally by ez Home Search and updated periodically; actual rates vary by lender, credit score, and market conditions.
$
%
Please enter a valid number
$
Please enter a valid number
Typically 0.25% of home value per year.
$
Please enter a valid number
Homeowners association dues.
$ 0
Monthly
Principal and interest:
Property Taxes:
Homeowners Insurance:
HOA Dues:
$0 (0%)
$0 (0%)
$0 (0%)
$0 (0%)
The ez Mortgage Calculator is for educational purposes only. Real-world interest rates and payments can differ due to factors like market trends, location, and loan specifics. Calculations are based on your inputs and might not consider extra costs a lender may add, such as insurance, taxes, and fees; thus, actual repayments could surpass estimates. Please note, ez Home Search does not provide loans, and this tool does not promise lending.
Estimated Value
$440,119
Estimated Sales Price Range:
$378,502 - $501,735
Source: Constellation Data Labs
Price History
| 10/28/2026 | Listed | $615,000 |
| Source: South Jersey Shore Regional MLS #613272 | ||
| 06/17/2026 | Off Market | — |
| Source: South Jersey Shore Regional MLS #609003 | ||
| 10/24/2014 | Sold | $202,000 |
| Source: South Jersey Shore Regional MLS #429073 | ||
| 05/11/2014 | Listed | $219,000 |
| Source: South Jersey Shore Regional MLS #429073 | ||
Source: MLS Data
Deed History
| 08/16/2021 | Deed | $233,000 |
| 01/23/2017 | Re-recorded Release | $0 |
| 10/29/2014 | Deed | $202,000 |
| 08/11/1994 | Deed | $125,000 |
Source: Public records via Constellation Data Labs
Mortgage History
| 10/16/2023 | Commercial | $336,000 |
| 08/16/2021 | Building or Construction Loan | $174,750 |
| 10/29/2014 | Conventional | $161,600 |
| 08/11/1994 | $62,000 |
Source: Public records via Constellation Data Labs
What's your home worth?
Calculate your current home value within seconds.
Similar Listings
Look Throughout Somers Point
There are currently 92 properties available in Somers Point, with 3 under contract to close soon. Properties in the city have an average sale price of $855,341 and typically spend 110 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
With 12 zip codes in Atlantic County, you have many options in the area. Be sure to claim your free ez Home Search account to make sure you get alerts when a property that meets your needs becomes available.
Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 438 Shore?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 438 Shore.
They know residential incomes in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 438 Shore?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $615,000. We can talk through recent upgrades, potential seller motivation, how this triplex compares to others in Somers Point, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 438 Shore?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 438 Shore at around $4,177. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 438 Shore?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Atlantic County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 438 Shore?
In most cases, yes. Whether 438 Shore is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Somers Point's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 438 Shore?
We can handle that for you. Our preferred local agent specializes in residential incomes in Somers Point and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
How long has this property been on the market?
438 Shore was listed on October 28, 2026, which means it's been on the market for 12 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
What are the property taxes for 438 Shore?
The most recent public record shows annual property taxes for 438 Shore were approximately $8,125. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 438 Shore still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
Popular Home Searches in Somers Point, NJ
Open Houses Near Somers Point, NJ
Land for Sale Near Somers Point, NJ
Townhomes for Sale Near Somers Point, NJ
Waterfront Homes for Sale Near Somers Point, NJ
Waterfront Condos for Sale Near Somers Point, NJ
Homes with Pools for Sale Near Somers Point, NJ
Gated Community Homes for Sale Near Somers Point, NJ
Homes with No Hoa for Sale Near Somers Point, NJ
Homes in Adult Communities for Sale Near Somers Point, NJ
Search Nearby Cities
Search Nearby Counties
Search Nearby Postal Codes
The data relating to real estate for sale on this website comes in part from the Internet Data exchange ("IDX") program of the South Jersey Shore Regional MLS. 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. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 South Jersey Shore Regional MLS. All Rights Reserved.