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    238 E Leaming Ave Wildwood, NJ 08260

    For Sale
    $1,197,777

    Other - Wildwood, NJ

    Days on Market:
    88
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 238 E Leaming Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Kitchen, Laundry, Living Room, Utility Room
    Parking
    3
    Parking features
    Driveway
    Patio and Porch features
    Patio, Porch, Deck
    Exterior features
    Patio, Deck, Enclosed/Cov. Patio, Porch, Storage Building, Cable TV, Sidewalks, Outside Shower
    Basement Y/N
    1

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1920
    Number of units
    6
    Architectural style
    Other
    Additional Structures
    Storage

    LONG & FOSTER REAL ESTATE INC 9673001

    Listing agent Brian Reed (609) 770-8848 License #0569168

    Listing date Sep 10, 2025

    MLS# 251997 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

    Wildwood Multifamily Investment Opportunity

    This six-unit complex comprises two buildings and is situated a few blocks from Wildwood beaches and the boardwalk, and a few blocks from Wildwood Crest. The front building contains four units, with the two upper-floor units offering ocean views, and two units on the first floor. Each of the apartments features two bedrooms, is tastefully decorated, and is being sold fully furnished. One unit has its own private patio area and access to the common picnic area between the two houses. Luxury vinyl plank flooring is installed for easy cleanup and protection against sand and water, along with an outdoor shower. The property is heated for year-round use and is suitable as an investment property or second home. It is also conveniently located near the convention center, providing access to events during the shoulder seasons. Condo documents and surveys are available for potential conversion to condominiums. The property grossed $133,000 last year with minimal marketing. The property is located in Wildwood, NJ.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Restaurant Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.8234774
    Latitude
    38.9808364

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    FAQs

    What type of property is this?
    Apartment building - Six-unit complex near beaches, fully furnished, great investment potential.
    Where is this apartment building located?
    The property is located at 238 E Leaming Ave Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $1,197,777.
    What are key features of this property?
    This property features: - Prime location: Just a couple of blocks from Wildwood beaches, boardwalk, and Wildwood Crest.; - Strong income potential: Grossed $133,000 last year with minimal marketing.; - Fully furnished units: Tastefully decorated 2-bedroom apartments being sold as-is.
    (609) 770-8848
    Request Owner's contact information
    238 E Leaming Ave Wildwood, NJ 08260
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    Wildwood, NJ 08260
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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
    238 E Leaming Ave Wildwood, NJ 08260
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