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    726-730 Ocean Ave Ocean City, NJ 08226

    For Sale
    $8,750,000

    51 - 100 Units - Ocean City, NJ

    Days on Market:
    11
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 726-730 Ocean Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Laundry, Living Room
    Patio and Porch features
    Porch
    Exterior features
    In Ground Pool, Curbs, Porch, Sidewalks
    Basement Y/N
    1
    Appliances
    Dryer, Microwave, Refrigerator

    Utilities

    Heating system
    Space Heater
    Cooling system
    Ceiling Fan(s), Multi Units, Window Unit(s)

    Building Details

    Number of units
    69

    eXp Realty - Ocean City, West (609) 513-1126

    Listing agent KRISTINA DOLISZNY (609) 513-1126 License #1220497

    Listing date Nov 25, 2025

    MLS# 596572 Listing URL

    Copyright © 2025 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dual Hotel Portfolio, Ocean City

    This offering presents a rare opportunity to acquire two established hospitality properties in Ocean City, NJ. Located in the historic district near the boardwalk and beaches, 724 Ocean Avenue and 617 E 8th Street are available as a combined hotel package. 724 Ocean Avenue, known as The COVE Hotel, is a classic shore hotel featuring 29 guest rooms and 10 additional rooms for staff. It includes a swimming pool, on-site parking, and a common living room. The Cove is newly renovated. 617 E 8th Street, The BLUE WATER Inn, is located nearby and adds 40 rentable units with a parking lot. These include 32 hotel suites, 5 apartments, and 3 currently leased commercial units. This hotel is one of the last moderately priced hotels available in Ocean City. The properties are zoned for hospitality and offer high-capacity lodging potential. They are suitable for boutique hotel operators, group rental hosts, or portfolio investors. The hotels have a strong repeat guest base and offer immediate income and long-term appreciation.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.5721938
    Latitude
    39.2786076

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    FAQs

    What type of property is this?
    Hotel - Two Ocean City hotels offered as a combined hospitality package.
    Where is this hotel located?
    The property is located at 726-730 Ocean Ave Ocean City, NJ.
    What is the asking price?
    The asking price for this property is $8,750,000.
    What are key features of this property?
    This property features: - Prime boardwalk/beach-block location in Ocean City, NJ; - Combined hotel package with 69 rentable units offering high-capacity lodging potential; - **Turnkey operation (The COVE Hotel) and value-add opportunity (The BLUE WATER Inn)**
    (609) 513-1126
    Request Owner's contact information
    726-730 Ocean Ave Ocean City, NJ 08226
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    Ocean City, NJ 08226
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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
    726-730 Ocean Ave Ocean City, NJ 08226
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