Four-Unit Quadplex
New
For Sale
$520,000
155 W HAND Avenue, Wildwood, NJ 08260
MULTI_FAMILY - WILDWOOD, NJ
Property Size1,948 SF
Lot Size0.06 Acres
Price / SF$266.94
Days on Market2
Property Features for 155 W HAND Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Elementary school district
WILDWOOD CITY SCHOOLS
Middle school district
WILDWOOD CITY SCHOOLS
High school district
WILDWOOD CITY SCHOOLS
Standard status
Active
Size
1,948 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6420
Building Details
Year built
1925
Number of units
1
Listing Agency:
HomeSmart First Advantage Realty · HomeSmart International
(856) 363-3000
Listed By:
Hakan Karahan · License #9693664
(856) 363-3000
Added: Aug 4
Last Checked: Aug 5 at 6:06PM
MLS# NJCM2007808
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,948-square-foot quadplex is configured as four legal units: two two-bedroom residences and two one-bedroom residences. Built in 1925, the property is currently a shell with work required throughout and is offered in its existing condition. The compact 0.0606-acre parcel includes on-street parking.
The property is positioned approximately 3 blocks from the beach and boardwalk, with multiple restaurants within walking distance. Located in Wildwood, the asset offers a defined four-unit layout in a coastal setting, subject to completion of the needed renovation.
The property is positioned approximately 3 blocks from the beach and boardwalk, with multiple restaurants within walking distance. Located in Wildwood, the asset offers a defined four-unit layout in a coastal setting, subject to completion of the needed renovation.
Key Highlights
- Legal four‑unit configuration with two two‑bedroom and two one‑bedroom units
- 1,948 square feet on a 0.0606‑acre parcel
- 1925 construction with shell condition and full renovation needed
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $22.20 |
| − Vacancy | −$2.1k | −$1.05 |
| EGI | $41.2k | $21.15 |
| − OpEx | −$12.4k | −$6.34 |
| NOI | $28.8k | $14.80 |
1,948 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$411.9K
$360.4K – $480.6K
NOI $28,834 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$378.6K
$331.3K – $441.7K
NOI $26,504 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$596.3K
$521.8K – $695.7K
NOI $41,740 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
Explore this area
Business Placement
Demographics for 08260, NJ
12,964
Population
23,076
Households
0.6
Avg Household Size
53
Median Age
28%
College-Educated
93%
High-School Grad
15.9 sq mi
ZIP Area
815
Density / Sq Mi
$71,549
Median Household Income
$40,361
Median Earnings
$1,182
Median Rent
$441,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Legal four-unit property requiring a full renovation, with two two-bedroom units and two one-bedroom units.
Where is this quadplex located?
The property is located at 155 W HAND Avenue Wildwood, NJ.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Legal four‑unit configuration with two two‑bedroom and two one‑bedroom units; 1,948 square feet on a 0.0606‑acre parcel; 1925 construction with shell condition and full renovation needed
