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    406 E Magnolia Wildwood, NJ 08260

    For Sale
    $995,000

    Other - Wildwood, NJ

    Days on Market:
    106
    Last Refresh:
    Dec 6 at 6:06 am

    Property Features for 406 E Magnolia

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Patio and Porch features
    Patio, Porch
    Exterior features
    Patio, Porch, Security Camera
    Basement Y/N
    1

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1933
    Number of units
    5
    Architectural style
    Other

    SEA ISLE REALTY 2635301

    Listing agent Bradley Lemma (609) 263-5301 License #2187952

    Listing date Aug 23, 2025

    MLS# 243149 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 Beach Block Investment Property

    Located in the Wildwood redevelopment zone, this five-unit rental property presents investment opportunities and potential tax incentives. Situated on the beach block, it is steps from the Wildwood Boardwalk. The property features five units, each with a full kitchen, totaling 12 bedrooms and 6 baths. Updated tile and a high-efficiency instant hot water heater are included. The property offers potential for J1 rentals, Airbnb, or condo conversion.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

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

    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
    -74.8281
    Latitude
    38.9808

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    FAQs

    What type of property is this?
    Apartment building - Five-unit rental property near Wildwood Boardwalk with investment potential.
    Where is this apartment building located?
    The property is located at 406 E Magnolia Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Located steps from the Wildwood Boardwalk on the beach block.; - Five-unit building with individual full kitchens.; - Located in the Wildwood redevelopment zone with investment and tax incentives.
    (609) 263-5301
    Request Owner's contact information
    406 E Magnolia 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
    406 E Magnolia Wildwood, NJ 08260
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