$825,000
OPEN THU 11AM - 1PM

Estimated payment $4,855/month

Total Views 756
Studio
-- Bath
1,926 Sq Ft
$428 Price per Sq Ft

Highlights

  • Coastal Architecture
  • Halls are 36 inches wide or more
  • Central Heating and Cooling System
  • More Than Two Accessible Exits

About This Home

This beautifully updated multi-unit property features three main units plus a separate cottage studio, offering strong rental flexibility and excellent income potential.
The main building includes:
• Unit #1 – 2 bedrooms, 1 full bath
• Unit #2 – 2 bedrooms, 1 full bath
• Unit #3 – 3 bedrooms, 1 full bath
In addition, there is a separate cottage studio, perfect for additional rental income, seasonal use, or guest space.
The property has been well maintained with recently updated vinyl siding, giving it a clean and modern exterior look.
One of the biggest advantages? Private parking on the side of the property, making it convenient for tenants and guests — no need to worry about finding street parking during peak beach season.
Location is everything — and this one delivers. You’re just steps from:
• The beach
• The famous Wildwood Boardwalk
• Restaurants, shops, rides, and all major shore activities
For buyers looking at future potential, there may be additional development possibilities on the side with 5 cars parking lot area, please verify any building plans directly with the township. Whether you're an investor seeking strong shore rental income or a buyer looking for a prime beach-area property with upside, this is an opportunity you don’t want to miss.
The property is in a great condition, Unit #1 and #1 have new AC installed 2025, but it is for sale AS-IS Condition. Contact me today for income details and a private showing. Photos will be updated soon!!!

Listing Agent

Nicole Nguyen

(215) 583-7777 raygaber@comcast.net Realty Mark Cityscape Brokerage Phone: 2155837777 License #1429933 Listed on: 02/23/2026

Realty Mark Cityscape

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,407

Year Built

  • Built in 1920

Lot Details

  • 5,401 Sq Ft Lot
  • Lot Dimensions are 60.00 x 90.00
  • Ground Rent

Home Design

  • 1,926 Sq Ft Home
  • Quadruplex
  • Coastal Architecture
  • Cottage
  • Brick Foundation
  • Vinyl Siding

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces
  • On-Street Parking

Accessible Home Design

  • Halls are 36 inches wide or more
  • More Than Two Accessible Exits

Schools

  • Cape May Co. Tech. High School

Utilities

  • Central Heating and Cooling System
  • Bottled Gas Water Heater
  • Municipal Trash
  • Public Septic

Listing and Financial Details

  • Tax Lot 00005
  • Assessor Parcel Number 14-00245-00005

Community Details

Overview

  • 4 Units
  • 2-Story Building

Building Details

  • 1 Vacant Unit
  • Rent Control
  • Income includes parking
  • Gross Income $67,200
  • Net Operating Income $38,593

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,407

Year Built

Built in 1920

Lot Details

5,401 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Cottage, Coastal
  • Accessibility Features: 36"+ Wide Halls, 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: OpenHouse

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 1926
  • Living Area Sq Ft: 1926
  • Price Per Sq Ft: 428.35
  • Above Grade Finished Sq Ft: 1926
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Central
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Bottled Gas
  • Sewer/Septic System: Public Septic, Public Sewer
  • Utilities: Natural Gas Available, Electric Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: CAPE MAY CO. TECH. H.S.

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 60.00 x 90.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5401.00
  • Zoning: R2

Rental Info

  • Existing Lease Type: Gross
  • Ground Rent Exists: Yes
  • Number Of Units Month To Month: 1
  • Owner Pays: Insurance, Gas, Water, Taxes - Real Estate
  • Rent Control: Yes
  • Total Actual Rent: 54400.00
  • Units Furnished: All
  • Units Leased Count: 3
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 63840.00
  • Gross Scheduled Income: 67200.00
  • Income Expense List: Annual Ground Rent
  • Income Includes: Parking
  • Vacancy Allowance Rate: 25.00

Tax Info

  • Tax Annual Amount: 7407.00
  • Assessor Parcel Number: 14-00245-00005
  • Tax Lot: 00005
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: CAPE MAY CITY SCHOOLS

Map

Range of Values:

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Value Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,208 $240,200 $132,500 $107,700
2024 $7,035 $240,200 $132,500 $107,700
2023 $7,035 $240,200 $132,500 $107,700
2022 $6,802 $240,200 $132,500 $107,700
2021 $4,774 $240,200 $132,500 $107,700
2020 $6,461 $240,200 $132,500 $107,700
2019 $6,231 $240,200 $132,500 $107,700
2018 $6,003 $240,200 $132,500 $107,700
2017 $5,750 $240,200 $132,500 $107,700
2016 $5,582 $240,200 $132,500 $107,700
2015 $5,493 $240,200 $132,500 $107,700
2014 $5,429 $240,200 $132,500 $107,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/23/2026 02/23/26 For Sale $825,000 +179.7% $428 / Sq Ft
05/18/2018 05/18/18 Sold $295,000 -1.6% -- View Prior Sale
04/18/2018 04/18/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $299,900 -- --
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $337,500 Boston National Title
Deed $295,000 --
Interfamily Deed Transfer $90,000 None Available
Deed $50,000 --
Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $323,250 Purchase Money Mortgage
Previous Owner $236,000 Purchase Money Mortgage
Previous Owner $35,000 No Value Available
Source: Public Records

Source: Bright MLS

MLS Number: NJCM2006856

Bright MLS

APN: 14-00245-0000-00005

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