406 E Magnolia Ave Wildwood, NJ 08260
The Wildwoods NeighborhoodEstimated payment $5,993/month
Highlights
- Property is near a beach
- Furnished
- Patio
- Building is beachfront but unit may not have water views
- Porch
About This Home
Located in the Wildwood redevelopment zone with endless possibilities for investment and tax incentives as well. This is the golden opportunity that only comes around once in a blue moon!! This 5 unit rental machine on the beach block, steps from the famous Wildwood Boardwalk, has everything you're looking for in an investment property. The potential here for current J1 rentals, or air bnb, condo conversion.....this gem has it all. Multiple units allow for the owners to do as they please and reap the financial benefits of this beach block beauty. Bolstering a 5 unit with individual full kitchens, 12 bedrooms, 6 baths, updated tile, high efficiency instant hot water heater, and lots of potential...... Come get a look at this property while it lasts!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,300
Year Built
- Built in 1933
Lot Details
- Building is beachfront but unit may not have water views
Interior Spaces
- 3,000 Sq Ft Home
- Furnished
- Crawl Space
Bedrooms and Bathrooms
- 14 Bedrooms
- 6 Bathrooms
Outdoor Features
- Property is near a beach
- Property near a bay
- Patio
- Porch
Utilities
- Cooling System Mounted In Outer Wall Opening
- No Heating
- Gas Water Heater
Community Details
- 5 Units
Listing and Financial Details
- Legal Lot and Block 25 / 229
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,373 | $279,000 | $97,000 | $182,000 |
| 2024 | $8,373 | $279,000 | $97,000 | $182,000 |
| 2023 | $8,172 | $279,000 | $97,000 | $182,000 |
| 2022 | $7,901 | $279,000 | $97,000 | $182,000 |
| 2021 | $7,686 | $279,000 | $97,000 | $182,000 |
| 2020 | $7,505 | $279,000 | $97,000 | $182,000 |
| 2019 | $7,237 | $279,000 | $97,000 | $182,000 |
| 2018 | $6,972 | $279,000 | $97,000 | $182,000 |
| 2017 | $6,679 | $279,000 | $97,000 | $182,000 |
| 2016 | $6,484 | $279,000 | $97,000 | $182,000 |
| 2015 | $6,381 | $279,000 | $97,000 | $182,000 |
| 2014 | $6,305 | $279,000 | $97,000 | $182,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/23/2025 08/23/25 | Price Changed | $995,000 | -9.5% | $332 / Sq Ft |
| 07/23/2025 07/23/25 | For Sale | $1,099,000 | 0.0% | $366 / Sq Ft |
| 04/04/2025 04/04/25 | Off Market | $1,099,000 | -- | -- |
| 11/07/2024 11/07/24 | Price Changed | $1,099,000 | -7.3% | $366 / Sq Ft |
| 10/22/2024 10/22/24 | For Sale | $1,185,000 | -- | $395 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $500,000 | -- | |
| Deed | $500,000 | None Listed On Document | |
| Deed | -- | None Available | |
| Deed | $325,000 | -- | |
| Deed | $79,000 | -- | |
| Deed | $75,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $375,000 | Seller Take Back | |
| Closed | $375,000 | Seller Take Back | |
| Previous Owner | $35,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $75,000 | Credit Line Revolving | |
| Previous Owner | $234,000 | No Value Available | |
| Previous Owner | $71,000 | No Value Available | |
| Previous Owner | $50,000 | No Value Available |
Source: Cape May County Association of REALTORS®
MLS Number: 243149
APN: 14-00229-0000-00025
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Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.
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