Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    418 W Roberts Ave Wildwood, NJ 08260

    Sponsored
    For Sale
    $565,000

    Duplex - Wildwood, NJ

    Type:Duplex
    Days on Market:
    36
    Last Refresh:
    Feb 2 at 7:06 am

    Property Features for 418 W Roberts Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement, Kitchen, Laundry, Living Room, Utility Room
    Patio and Porch features
    Porch, Deck
    Exterior features
    Deck, Porch
    Basement Y/N
    1

    Utilities

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

    Building Details

    Year built
    1935
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Bryan Steere
    Bryan Steere

    BLUE HOMES REAL ESTATE LLC (609) 281-5296

    Listing agent Bryan Steere (609) 281-5296 License #0787096

    Listing date Dec 29, 2025

    MLS# 253038 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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Duplex in Wildwood, NJ

    This income-producing duplex is located in Wildwood and features two modern units. The units have wood-look tile flooring and updated finishes. The first-floor unit includes 2 bedrooms, 2 baths, a covered porch, living room, kitchen with granite countertops and tile backsplash, a bonus room, and central air and heat. This unit is currently rented for $2,400 per month. The second-floor unit offers 3 bedrooms, 1 bath, a covered porch, living room, and kitchen with quartz countertops and tile backsplash, and is rented for $2,200 per month. The property was completely renovated approximately four years ago, including new furnaces, A/C condensers, hot water heaters, kitchens, bathrooms, flooring, trim, and doors. The first floor tenant is moving out at the end of December, giving the new owner the option of using one unit for themselves or using it as a short-term or year round rental. This property is suited for investors seeking a low-maintenance, high-income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -74.8241208
    Latitude
    38.9907967

    Nearby Similar for Sale

    • $7,500,000

      Wildwood Boardwalk Mixed-Use Investment

      Beachfront property with retail, apartments, parking, and redevelopment potential.
      4314-20 Boardwalk, Wildwood, NJ 08260
      View Details
    • New
      $1,400,000

      Income-Producing Mixed-Use Corner Property

      High-traffic Wildwood corner property with restaurant, duplex, and parking.
      2701-2701 New Jersey Ave, Wildwood, NJ 08260
      View Details
    • $1,300,000

      Wildwood Four-Plex with Upgrades

      Four units on a large lot with off-street parking.
      208 E Maple Ave, Wildwood, NJ 08260
      View Details
    • $1,399,900

      Modern Duplex Near Wildwood Beach

      Almost new duplex with modern amenities near the beach.
      110 W Youngs Ave, Wildwood, NJ 08260
      View Details
    • New
      $1,097,777

      Wildwood Multifamily Near Beaches

      Six-unit complex near beaches and boardwalk in Wildwood, New Jersey.
      238 E Leaming Ave, Wildwood, NJ 08260
      View Details
    • New
      $815,000
      Pending

      Turn-Key Restaurant Opportunity in Wildwood

      Turn-key restaurant with indoor and outdoor dining, plus apartment.
      6200 New Jersey Ave, Wildwood, NJ 08260
      View Details
    • $749,900
      Pending

      Wildwood Four-Plex Investment Opportunity

      Four-unit property near Wildwood beach, ideal for renovation and rental.
      208 E Spencer Ave, Wildwood, NJ 08260
      View Details
    • New
      $749,999
      1,665 SF

      Prime Boardwalk Commercial Unit

      Exceptional commercial unit in the heart of Wildwood, New Jersey.
      2910 Boardwalk, Wildwood, NJ 08260
      View Details
    • $2,990,000

      Restaurant and Bar with Apartments

      Restaurant/bar with liquor license and apartments near boardwalk.
      3801 Pacific Ave, Wildwood, NJ 08260
      View Details
    • $2,990,000

      Restaurant, Bar and Apartments

      Restaurant/Bar with liquor license and apartments near boardwalk.
      3801 Pacific Ave, Wildwood, NJ 08260
      View Details
    • $575,000

      Wildwood Duplex Investment Opportunity

      Duplex in Wildwood with two separate houses on one lot.
      210 W Burk Ave, Wildwood, NJ 08260
      View Details
    • $2,299,000
      3,846 SF

      Boardwalk Retail Investment Opportunity

      Prime boardwalk retail space with existing leases and income.
      3400 Boardwalk, Wildwood, NJ 08260
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-producing duplex with modern units and updated finishes.
    Where is this duplex located?
    The property is located at 418 W Roberts Ave Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $565,000.
    What are key features of this property?
    This property features: - Income-producing duplex generating $4,600 per month.; - Completely renovated approximately four years ago with new furnaces, A/C condensers, hot water heaters, kitchens, bathrooms, flooring, trim, and doors.; - **Two modern units with stylish wood-look tile flooring throughout and updated finishes.**
    (609) 425-9428
    Request Owner's contact information
    418 W Roberts Ave Wildwood, NJ 08260
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    418 W Roberts Ave
    Wildwood, NJ 08260
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    418 W Roberts Ave Wildwood, NJ 08260
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bryan Steere
    Bryan Steere
    Real Estate License ID: 0787096
    (609) 425-9428
    Learn more
    Google sign-in failed. Please try again or use another login method.