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    38 Cape May Ave, Unit May Dorothy, NJ 08317

    For Sale
    $325,000

    Triplex - Dorothy, NJ

    Type:Triplex
    Days on Market:
    54
    Last Refresh:
    Dec 7 at 1:06 pm

    Property Features for 38 Cape May Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Kitchen, Living Room
    Parking features
    Driveway

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1946
    Number of units
    3
    Architectural style
    Other

    eXp Realty, LLC (866) 201-6210 [email protected]

    Listing agent Frank Punzi (866) 201-6210 License #2190680

    Listing date Oct 15, 2025

    MLS# 253071 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

    Versatile Triplex in Dorothy, NJ

    This versatile three-unit residential property presents an opportunity for generating cash flow. The property includes a two-bedroom, one-bath single-family home featuring a private parking area and a fenced-in yard. Additionally, there is a separate dwelling that houses two apartments: one two-bedroom, one-bath unit and one one-bedroom, one-bath unit. Each apartment has individual parking and separate entrances. This property offers flexibility and rental income potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood Wash Pressure Washing Service

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Kitchen & Bath HVAC Service Bar & Pub Garden Center Discount Store Electrical Service Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Dorothy
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.8375549
    Latitude
    39.4076747

    Nearby Similar for Sale

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    • $289,900
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      Turnkey Church Property in Dorothy

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      26 Estelle Estelle Ave, Dorothy, NJ 08317
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    FAQs

    What type of property is this?
    Triplex - Three-unit residential property with strong rental income potential.
    Where is this triplex located?
    The property is located at 38 Cape May Ave, Unit May Dorothy, NJ.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Great cash flow potential from 3 units.; - Versatile property suitable for investors or owner-occupants.; - Includes a 2-bedroom single-family home with private parking and fenced yard.
    (866) 201-6210
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    38 Cape May Ave, Unit May Dorothy, NJ 08317
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    Dorothy, NJ 08317
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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
    38 Cape May Ave, Unit May Dorothy, NJ 08317
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