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    1015 Washington St Cape May, NJ 08204

    For Sale
    $1,849,999

    Other - Cape May, NJ

    Days on Market:
    41
    Last Refresh:
    Dec 8 at 6:06 pm

    Property Features for 1015 Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Den, Kitchen, Laundry, Living Room, Utility Room
    Parking features
    Assigned, Driveway
    Patio and Porch features
    Patio, Porch, Deck
    Exterior features
    Deck, Enclosed/Cov. Patio, Porch, Grill, Fenced Yard, Outside Shower
    Fencing
    Fenced
    Basement Y/N
    1

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas, Zoned (Heating)

    Building Details

    Year built
    1852
    Number of units
    5
    Architectural style
    Other

    Century 21 Gilmartin & Company (609) 884-1800 [email protected]

    Listing agent Joseph Gilmartin (609) 884-1800 License #8530892

    Listing date Oct 29, 2025

    MLS# 251443 Listing URL

    Copyright © 2025 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charming Multifamily Property on Washington Street

    Located on tree-lined Washington Street, this property, known as RED FOX SUITES, features an 1852 cottage with four units and a shared yard. The layout includes one two-bedroom unit and three one-bedroom units, each with its own exterior entrance. The units are named Red Fox (2 bedroom, 1 bath, ground level), Grey Fox (1 bedroom, 1 bathroom, ground level), Fennec Fox (1 bedroom, 1 bath, second floor), and Arctic Fox (1 bedroom, 1 bath, second floor). A large wrap-around porch offers views of Washington Street. The property includes off-street parking for 5-6 cars. All units are equipped with cooling and heating for year-round use. The property offers possibilities such as renting out three units while occupying one, converting it into a single-family home, or developing it into condos. The property is shown by appointment only with a 24-hour notice, as units are occupied during the Summer months.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Restaurant Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape May
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.9161995
    Latitude
    38.9396739

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    FAQs

    What type of property is this?
    Apartment building - Four-unit property with potential for various uses in Cape May.
    Where is this apartment building located?
    The property is located at 1015 Washington St Cape May, NJ.
    What is the asking price?
    The asking price for this property is $1,849,999.
    What are key features of this property?
    This property features: - Four individual units (one 2-bedroom, three 1-bedroom) offering diverse rental income potential or conversion options.; - Prime location on tree-lined Washington Street with a large shared yard.; - Each unit has a private exterior entrance, enhancing tenant privacy and appeal.
    (609) 884-1800
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1015 Washington St Cape May, NJ 08204
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