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23 Wallace St
Red Bank, NJ 07701
Ground Floor Office Condo · Multifamily Property For Sale · 38 Units

Investment Highlights

  • Vacant 2,500 SF office unit ideal for an owner/operator who wants to be within downtown Red Bank
  • Tremendous location just minutes from the Garden State Parkway, Route 35, Red Bank train station, and the Jersey Shore
  • 35 covered parking spaces that lead directly into the units, which is nearly impossible to find in downtown Red Bank

Property Facts

Price Per Unit $109,515 CAD
Sale Type Investment
Cap Rate 8.44%
No. Units 38
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 1.04 AC
Building Size 6,095 SF
No. Stories 4
Year Built 1927
Zoning MU-0

Amenities

Unit Amenities

  • Cable Ready
  • Fireplace
  • Washer/Dryer
  • Granite Countertops
  • Hardwood Floors
  • Vaulted Ceiling
  • Stainless Steel Appliances
  • Carpet

Site Amenities

  • Fitness Center
  • Lounge

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 39-00029-0000-00024
  • 39-00029-0000-00024-0000-C303
Land Assessment
$462,490 CAD
Improvements Assessment
$435,677 CAD
Total Assessment
$898,166 CAD
  • Listing ID: 39018023

  • Date on Market: 2026-01-08

  • Last Updated:

  • Address: 23 Wallace St, Red Bank, NJ 07701

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