$1,250,000
PENDING

Estimated payment $7,704/month

Total Views 2,271
16 Beds
10 Baths
5,521 Sq Ft
$226 Price per Sq Ft

Highlights

  • Property near a bay
  • Fenced Yard
  • Patio
  • Corner Lot
  • Porch
  • Living Room

About This Home

Fabulous corner property boasts a 100 x 103 lot. There are 2 buildings with a total of 9 apartments (16 bedrooms). The house in front is a 4Plex, the rear one-story building has 5 units. For a total of (1) 3 BR / 2BA, (5) 2 BR / 1BA, (3) 1BR / 1BA. Fully Rented with Leases and long term tenants. Rents are current, CAP rate 6.9%. Some rents are below market value leaving room for a higher rent roll. Located 4 blocks to the beautiful Wildwood Beach, Boardwalk and Convention Center. Don't miss this one, it's a great catch!

Listing Agent

Dee Kraemer

NEW ERA REAL ESTATE License #0572151 Listed on: 08/21/2025

NEW ERA REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,228

Year Built

  • Built in 1940

Lot Details

  • Fenced Yard
  • Corner Lot

Interior Spaces

  • 5,521 Sq Ft Home
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Property near a bay
  • Patio
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 9 Units

Listing and Financial Details

  • Legal Lot and Block 3.02 / 60

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,228

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Apartment
  • Location: Corner
  • District Township: 14-Wildwood City
  • Estimated Year Built: 1940
  • Bay Proximity: 3 Blocks
  • Beach Proximity: 4 Blocks
  • New Construction: No
  • Lot Size2: 10,001
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Total Bathrooms: 10
  • Total Sq Ft: 5521
  • Other Rooms: Living Room, Dining Room, Kitchen

Exterior Features

  • Outside Features: Patio, Porch, Fenced Yard

Utilities

  • Cooling: Wall Air Conditioning
  • Heating: Gas Natural, Electric
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 3.02
  • Lot Size: 10001 to 20000 SqFt
  • Zoning: R-2

Tax Info

  • Taxes: 13228
  • Tax Year: 2024

Multi Family

  • Number Of Units: 9
  • Total Rent: 10199

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2025 11/10/25 Pending -- -- --
10/20/2025 10/20/25 For Sale $1,250,000 0.0% $226 / Sq Ft
09/01/2025 09/01/25 Pending -- -- --
08/21/2025 08/21/25 For Sale $1,250,000 -- $226 / Sq Ft
Source: Cape May County Association of REALTORS®

Source: Cape May County Association of REALTORS®

MLS Number: 252454

Cape May County Association of REALTORS®

APN: 14 00060-0000-00003-0002