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    Corner Multifamily with Cottage
    Updated: Dec 17, 2025
    Corner Multifamily with Cottage

    202 Perry Street, Cape May, NJ 08204

    $3,750,000
    3‑story multifamily building with 16 rental rooms and 2 baths plus 2 half baths on 2nd/3rd floors
    Includes 1st‑floor owner’s quarters (3 bedrooms, 1 bath) and an attached 2‑bedroom cottage
    Corner lot about 2 blocks to the beach; property includes adjoining lot on S Lafayette St
    Approx. lot size: 80x98 ft, plus adjoining lot approx. 52x100 ft (buyer to confirm measurements with a new survey)
    Seller reports gas heat is not functional and will not be repaired; some heat available
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Cape May, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Hotel and Marina Venue
    Waterfront Hotel and Marina Venue

    800 Bay Avenue, Somers Point, NJ 08244

    $8,000,000
    13,000 sqft

    Boutique hotel, restaurant and 55-slip marina with indoor and waterfront event seating up to 300 guests.

    View details
    Mixed-Use Hospitality Site with Boardwalk Access
    Mixed-Use Hospitality Site with Boardwalk Access

    1435-1441 Boardwalk, Atlantic City, NJ 08401

    $2,499,999
    0.46 AC lot

    Two-parcel property on Atlantic City Boardwalk offers 52 feet frontage and a multi-level building with auxiliary storage.

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    Waterfront Hotel and Marina
    Waterfront Hotel and Marina

    800 Bay Avenue, Somers Point, NJ 08244

    $8,000,000
    1.74 AC lot

    Eight-suite boutique hotel, full-service 55-slip marina, and event space for up to 300 guests at the bay.

    View details
    Atlantic City Hotel and Restaurant
    Atlantic City Hotel and Restaurant

    142 S Tennessee Ave, Atlantic City, NJ 08401

    $1,399,000
    15,000 sqft

    15,000 SF hotel with restaurant/sports bar near beach.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with Split Zoning Frontage
    Commercial Land with Split Zoning Frontage

    Vineland, NJ 08360

    $125,000

    Parcel with split zoning for residential business at the front and residential toward the rear, with public utilities available.

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    Commercial Land Near Ocean Downs Casino
    Commercial Land Near Ocean Downs Casino

    10329 RACETRACK Road, Berlin, MD 21811

    $2,600,000
    9.26 AC lot

    9.26-acre commercial land parcel with development potential.

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    Commercial Land Near Ocean Downs
    Commercial Land Near Ocean Downs

    10329 RACETRACK Rd, Berlin, MD 21811

    $2,600,000
    7.89 AC lot

    9.26-acre commercial development opportunity near Ocean Downs Casino.

    View details
    Galloway Township Commercial Land
    Galloway Township Commercial Land

    W White Horse Pike, Galloway Township, NJ 08205

    $495,000
    4.82 AC lot

    Prime commercial land in up-and-coming business district.

    View details

    Cape May, NJ Hotels Market Trends and Statistics

    Explore 1 hotels for sale in Cape May, NJ on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $3,750,000.

    Sale prices for resorts in Cape May, NJ start at $3,750,000, averaging $3,750,000, and reaching up to $3,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 1

    Demographics Overview

    Population 17K
    Population Growth (5Y) -9.2%
    Median Household Income $80,782
    College Educated 50.3%

    Taxes & Financing

    Tax Rate (average for all types) 1.30%
    Property Tax per SF $10.94 per SF
    Tax Rate vs County Average 0.33 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cape May County

    New Delisted

    Total CRE Inventory on Market (SF)

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