$649,995
$25K PRICE DROP

Estimated payment $3,862/month

Total Views 17,563
4 Beds
3 Baths
1,320 Sq Ft
$492 Price per Sq Ft

Highlights

  • Popular Property
  • Living Room
  • Forced Air Heating and Cooling System
  • Middle Township Elementary No. 1 Rated A-
  • Laundry Room

About This Home

Turnkey Investment Opportunity in the Heart of Cape May Court House Welcome to 220 Hand Ave, a fully renovated triplex located in the desirable Middle Township School District. Just minutes from the best that Cape May County has to offer, this income-producing property is perfect for investors seeking immediate cash flow. It’s also a great opportunity for the discerning buyer looking for a primary home with built-in cash flows. This well-maintained building features three fully leased units: Two 1-bedroom/1-bath units on the first floor One spacious 2-bedroom/1-bath unit on the second floor Each unit has been thoughtfully updated with: Modern white cabinetry and quartz countertops Stainless steel appliances and recessed lighting In-unit washer/dryer Durable vinyl flooring throughout Gas heat and central air for year-round comfort Additional highlights include a large driveway with ample parking and 3 separate side entrances for each unit. The property currently generates approximately $50,000 annually, with potential to increase rents to current market rates: 1-bedroom units: up to $1,700/month 2-bedroom unit: up to $1,900/month This presents a fantastic opportunity to own a fully rented, low-maintenance investment property with upside potential. Schedule your private showing today and start earning from day one!

Listing Agent

Trish Gesswein

Houwzer LLC Listed on: 10/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,155

Year Built

  • Built in 1934

Parking

  • Driveway

Home Design

  • Triplex

Interior Spaces

  • 1,320 Sq Ft Home
  • Living Room
  • Partial Basement
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 24 / 236

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,155

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Triplex
  • District Township: 06-Middle Township
  • Estimated Year Built: 1934
  • New Construction: No
  • Lot Size2: 7350
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1934

Interior Features

  • Total Bathrooms: 3
  • Basement: Partial
  • Total Sq Ft: 1320
  • Other Rooms: Living Room, Kitchen, Laundry/Utility Room

Exterior Features

  • Outside Features: Other (See Remarks)

Garage/Parking

  • Parking: Concrete Driveway

Utilities

  • Separate Meter: Electric
  • Cooling: Central Air, Electric
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas
  • Sewer: Public
  • Water: Public
  • Cable Available: Lease Information

Lot Info

  • Lot Number: 24
  • Lot Size: 6001 to 10000 SqFt
  • Zoning: TR

Tax Info

  • Taxes: 5155
  • Tax Year: 2024

Multi Family

  • Number Of Units: 3
  • Total Rent: 48300

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
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 $5,116 $242,600 $125,000 $117,600
2024 $5,116 $242,600 $125,000 $117,600
2023 $4,988 $242,600 $125,000 $117,600
2022 $4,845 $242,600 $125,000 $117,600
2021 $4,448 $242,600 $125,000 $117,600
2020 $3,511 $183,900 $125,000 $58,900
2019 $3,421 $183,900 $125,000 $58,900
2018 $3,367 $183,900 $125,000 $58,900
2017 $3,299 $183,900 $125,000 $58,900
2016 $3,216 $183,900 $125,000 $58,900
2015 $3,193 $183,900 $125,000 $58,900
2014 $3,172 $183,900 $125,000 $58,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2025 11/14/25 Price Changed $649,995 -3.7% $492 / Sq Ft
10/02/2025 10/02/25 For Sale $674,995 -- $511 / Sq Ft
Source: Cape May County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Deed $63,600 --
Deed $222,000 Title Alliance Of Cape May C
Deed $80,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $76,000 No Value Available
Source: Public Records

About the Listing Agent

Trish Gesswein

Houwzer LLC

(609) 507-2403

Section Image

Meet Trish Gesswein: Award-Winning Broker, Delivering Excellence & Savings

A recipient of the prestigious 2024 NJ Realtors Circle of Excellence Platinum Award, Trish Gesswein brings 17 years of proven excellence to your real estate journey. As Houwzer's Broker of Record in New Jersey, she combines award-winning expertise with innovative pricing that saves sellers thousands through our 1% listing fee model.

Trish's commitment to excellence is reflected in her consistent

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Source: Cape May County Association of REALTORS®

MLS Number: 252932

Cape May County Association of REALTORS®

APN: 06-00236-0000-00024