$8,750,000

726 Ocean Ave Ocean City, NJ 08226

Estimated payment $57,215/month

Total Views 5,883
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • In Ground Pool
  • Furnished
  • Porch
  • Ocean City Primary School Rated A
  • Shades
  • 3-minute walk to North Street Playground

About This Home

Unmatched Investment Opportunity – Dual Hotel Portfolio in the Heart of Ocean City, NJ! Now available: a rare chance to acquire TWO established hospitality properties in one of the most coveted beach destinations on the East Coast! Located just steps from the Ocean City boardwalk and beaches, 724 Ocean Avenue and 617 E 8th Street are being offered as a combined hotel package — delivering prime location, proven cash flow, and substantial upside potential. 724 Ocean Avenue (The COVE Hotel): A classic shore hotel featuring 29 guest rooms (plus 10 additional bonus room to house staff), swimming pool, on-site parking, common living room, and on-site amenities — ideal for short-term rentals, group lodging, or seasonal stays. The Cove is newly renovated making it a turnkey opportunity. 617 E 8th Street (The BLUE WATER Inn): Just around the corner, this second hotel property adds 40 additional rentable units with a parking lot, which includes 32 hotel suites, 5 apartments and 3 currently leased commercial units, perfect for expanding occupancy and revenue. This hotel is one of the last moderately priced hotels and "value add" property available in Ocean City. Key Investment Highlights: • Prime boardwalk/beach-block location • Combined high-capacity lodging potential • Strong repeat guest base • Zoned for hospitality • Turnkey operation or value-add opportunity • Perfect for boutique hotel operators, group rental hosts, or portfolio investors Opportunities like this rarely come to market — own a piece of Ocean City’s thriving tourism economy with two centrally located hospitality assets that offer immediate income and long-term appreciation. Each hotel property (724 Ocean Ave & 617 E 8th St) is listed separately for sale. This offering is for your opportunity to buy as a package only while still available as a combo sale. Shown by appointment only. NDA and proof of funds required.

Listing Agent

Kristina Doliszny

eXp Realty - Ocean City O382L License #1220497 Listed on: 05/23/2025

eXp Realty - Ocean City O382L

Co-Listing Agent

Robert Doliszny

eXp Realty - Ocean City O382L License #1220495

Property Details

Home Type

  • Multi-Family

Parking

  • 3 Parking Spaces

Home Design

  • Slab Foundation
  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Shades
  • Drapes & Rods
  • Blinds
  • Living Room
  • <<microwave>>

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Screens

Outdoor Features

  • In Ground Pool
  • Porch

Utilities

  • Window Unit Cooling System
  • No Heating
  • Separate Meters
  • Gas Water Heater

Community Details

  • 69 Units

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 51 - 100 Units
  • Also Includes: Blinds, Curtains, Drapes, Furnished, Security System, Shades
  • Lvt Date: 05/23/2025
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Microwave, Refrigerator, Washer
  • Basement: Slab
  • Other Rooms: Laundry/Utility Rm, Living Room

Exterior Features

  • Outside Features: In Ground Pool, Curbs, Porch, Sidewalks
  • Siding Exterior: Shingle, Vinyl
  • Storm Screens: Screens

Garage/Parking

  • Driveway: Blacktop
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Ceiling Fan(s), Window Units
  • Heating: No Heating, Space/Wall/Floor
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 107x135 & 135x93

Multi Family

  • Number Of Units: 69
  • Separate Meters: Electric

Map

Range of Values:

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Average Value
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List 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 Change Sq Ft Price
05/23/2025 05/23/25 For Sale $8,750,000 -- --
Source: South Jersey Shore Regional MLS

Source: South Jersey Shore Regional MLS

MLS Number: 596572

South Jersey Shore Regional MLS

New Jersey Cape May County Ocean City 08226

726 Ocean Ave, Ocean City, NJ

This home is located at 726 Ocean Ave, Ocean City, NJ 08226 and is currently priced at $8,750,000. 726 Ocean Ave is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

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South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

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Kristina Doliszny
Listing Agent
Kristina Doliszny
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eXp Realty - Ocean City O382L
(640) 356-2485