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    202 Perry St Cape May, NJ 08204

    Sponsored
    For Sale
    $3,750,000

    Apartment - Cape May, NJ

    Type:Apartment
    Days on Market:
    17
    Last Refresh:
    Jan 10 at 9:06 am

    Property Features for 202 Perry St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    R-S
    Rooms
    Basement, Great Room, Kitchen, Living Room
    Parking features
    Assigned
    Patio and Porch features
    Porch
    Exterior features
    Porch, Fenced Yard, Cable TV, Sidewalks, Outside Shower
    Fencing
    Fenced
    Basement Y/N
    1

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1875
    Number of units
    2
    Architectural style
    Other

    Dellas Real Estate (609) 425-0103 [email protected]

    Listing agent Kim Marie Dellas, SRES, GRI, ABR, SRS (609) 425-0103 License #8739689

    Listing date Dec 25, 2025

    MLS# 253570 Listing URL

    Copyright © 2026 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

    Cape May Multifamily Investment Opportunity

    Located two blocks from the beach, The Clinton Hotel is a three-story multifamily building with an attached two-bedroom cottage, situated on a corner lot. The main building features 16 rental rooms, two full bathrooms, and two half bathrooms on the second and third floors. The first floor includes owner's quarters with three bedrooms and one bathroom. The gas heat is not functional and will not be repaired. The property for sale includes the land and premises at 202 Perry Street, Cape May, NJ, with an approximate lot size of 80x98 feet. Also included is an adjoining lot on S Lafayette Street, approximately 52x100 feet. Buyer to confirm 16 parking spaces. There is a Right of Way over the Westerly 10 ft of Tract #1 of the premises as granted in a deed from William G. Nixon Executor of the Will of Jonas Miller to Samuel Cook dated May 30, 1870. Buyers must confirm all measurements with a new survey, as the seller has no survey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    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
    -74.9247462
    Latitude
    38.932297

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    FAQs

    What type of property is this?
    Apartment building - Three-story multifamily building with cottage near the beach.
    Where is this apartment building located?
    The property is located at 202 Perry St Cape May, NJ.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: - Centrally located, just 2 blocks from the beach in Cape May.; - Multi-family building with 16 rental rooms, offering income potential.; - Includes an attached 2-bedroom cottage.
    (609) 425-0103
    Request Owner's contact information
    202 Perry St Cape May, NJ 08204
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    Cape May, NJ 08204
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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
    202 Perry St Cape May, NJ 08204
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