Estimated payment $3,223/month
Highlights
- Property near a bay
- Interior Lot
- Laundry Room
- Porch
- Living Room
About This Home
Unlock the potential of this income generating, two-story duplex offering tremendous built-in upside. The spacious first-floor unit (1,960 sq ft) features 3 bedrooms, 1 bath, a large eat-in kitchen, comfortable living room, in-unit laundry, and a 24' x 8' enclosed porch. Currently rented month-to-month at $1,050 with area comps supporting rents around $2,100 after updates. The second-floor unit (906 sq ft) includes 2 bedrooms, 1 bath, a bright eat-in kitchen, and a cozy living room, and is currently occupied by family at no rent, giving new owners full flexibility. Similar units are renting for approximately $1,400 per month. With strong rental demand and a projected stabilized income of $3,500 and up per month once improved, this property offers a clear value-add opportunity through cosmetic and functional upgrades. Whether you choose to live in one unit while renovating the other or bring both to market as high-performing rentals, the cash-flow potential far outweighs the upfront work. This duplex is more than a property, it’s a meaningful equity building opportunity ready to be unlocked.
Listing Agent
Janice Conwell
HOMESTEAD REAL ESTATE CO. INC. Listed on: 11/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,934
Year Built
- Built in 1930
Lot Details
- Interior Lot
- Cleared Lot
Parking
- 3 Parking Spaces
Home Design
- Duplex
Interior Spaces
- 2,004 Sq Ft Home
- Living Room
- Crawl Space
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Outdoor Features
- Property near a bay
- Porch
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Natural Gas
- Electric Water Heater
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- Legal Lot and Block 6.01 / 116
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 | $3,934 | $200,600 | $51,600 | $149,000 |
| 2024 | $3,934 | $200,600 | $51,600 | $149,000 |
| 2023 | $3,805 | $200,600 | $51,600 | $149,000 |
| 2022 | $3,637 | $200,600 | $51,600 | $149,000 |
| 2021 | $3,655 | $200,600 | $51,600 | $149,000 |
| 2020 | $3,595 | $200,600 | $51,600 | $149,000 |
| 2019 | $3,667 | $200,600 | $51,600 | $149,000 |
| 2018 | $3,627 | $200,600 | $51,600 | $149,000 |
| 2017 | $3,635 | $200,600 | $51,600 | $149,000 |
| 2016 | $3,151 | $220,800 | $144,000 | $76,800 |
| 2015 | $3,157 | $220,800 | $144,000 | $76,800 |
| 2014 | $3,001 | $220,800 | $144,000 | $76,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/29/2025 11/29/25 | For Sale | $549,900 | -- | $274 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $69,000 | -- | |
| Deed | $69,000 | -- |
Source: Cape May County Association of REALTORS®
MLS Number: 253456
APN: 13 00116-0000-00006- 01
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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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