523 Lafayette St Unit 2 Cape May, NJ 08204
Estimated payment $5,340/month
Total Views
1,536
2
Beds
1
Bath
925
Sq Ft
$973
Price per Sq Ft
Highlights
- Popular Property
- Corner Lot
- Living Room
- Wood Flooring
- Furnished
- 2-minute walk to Cape May Rotary Park
About This Home
Welcome to 523 Lafayette Street, Unit 2. With an unbeatable location in the heart of Cape May, this charming 2-story, 2-bedroom, 1-bathroom condominium with a private rooftop deck and outdoor shower offers everything you could want in a beach retreat, year-round residence, or proven vacation rental. Just 3 blocks to some of the finest beaches on the East Coast and only steps from the Washington Street Mall, you’ll be surrounded by world-class dining, boutique shopping, and endless entertainment, including Cape May Stage. Rotary Park, home to free summer concerts and Cape May’s famous Christmas tree, is also just down the street. Parking is never a concern here—this home comes with two off-street, reserved stacked parking spots so you’ll never have to “feed the meters.” Unit #2 is located on the second and third floors of a classic Cape May Victorian building. Outdoor stairs lead to a welcoming entry foyer and gleaming hardwood floors that flow throughout. The main level includes the Primary bedroom, beautifully renovated bathroom, laundry area, sunny galley kitchen with quartz counters, and a bright living/dining area. The Upper level finds a spacious second bedroom with both queen and twin beds, plus your own private rooftop deck—the perfect spot for morning coffee, afternoon sun, or evening cocktails at sunset. Recent Upgrades include New sectional living room sofa, New queen and twin beds, Newer full HVAC system (furnace & compressor), Newer natural gas tankless water heater, Quartz countertops, Refinished hardwood floors, Fresh paint throughout (entire building repainted in 2022), Deck recently sealed. Investment Opportunity: This well-maintained Victorian holds just three units (one commercial, two residential) and unit 2 has a low annual condo fee of $2,000. A strong rental history: Averaging $50,000–$70,000 per year since 2018, Airbnb ranks this condo among the top-performing rentals in Cape May, averaging $799 per night in high season. Do not miss this opportunity to own a turn-key property in the heart of Cape May, with historic charm, modern updates, off street parking for two cars, and a rooftop deck all just steps from the beach and Washington Street Mall. Add this special property to your must-see list! Home is offered fully furnished, less artwork. Just bring your suitcase and enjoy Cape May! Property can be shown after 11 am on August 24 and August 31. Showings in September: 2-4; 7-10; 14-19; 21-26; 28-30.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,229
Year Built
- Built in 1930
HOA Fees
- $167 Monthly HOA Fees
Interior Spaces
- 925 Sq Ft Home
- 2-Story Property
- Furnished
- Drapes & Rods
- Blinds
- Entrance Foyer
- Living Room
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 2 Parking Spaces
- Assigned Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- Legal Lot and Block 11 / 1053
Community Details
Pet Policy
- Pets Allowed
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | For Sale | $900,000 | +157.9% | $973 / Sq Ft |
| 11/21/2017 11/21/17 | Sold | $349,000 | -6.9% | $377 / Sq Ft |
| 10/22/2017 10/22/17 | Pending | -- | -- | -- |
| 07/22/2017 07/22/17 | For Sale | $375,000 | -- | $405 / Sq Ft |
Source: Cape May County Association of REALTORS®
Similar Homes in Cape May, NJ
Source: Cape May County Association of REALTORS®
MLS Number: 252459
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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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