Search
Historic Five-Unit Apartment Building
For Sale
$2,835,000

933 Washington Street, Cape May, NJ 08204

MULTI-FAMILY, Cape May, NJ

Property Size4,488 SF
Lot Size0.30 Acres
Price / SF$631.68
Days on Market88

Property Features for 933 Washington Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning R-3
Bedrooms 9
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 7, Bathroom 3, Bedroom 3, Bathroom 5, Bedroom 4, Bedroom 9, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 5, Basement, Bedroom 2
Parking features Driveway
Lot features Corner
Subdivision Cape May
Standard status Active
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10546

Utilities

Heating system Hot Water(Heating), Natural Gas, Other (Heating)

Amenities

outdoor shower
front porch
outdoor storage shed
beach chair box
security and fire alarm system
irrigation system
sun decks

Building Details

Year built 1876
Number of units 5
Listing Agency: JERSEY CAPE REALTY
Listed By: James M. Cheney · License #9700084
Added: Jun 25 Changed: Sep 14 Last Checked: Sep 20 at 3:06PM
MLS# 261733

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.

Investment Insights

Based on property information with market context.

Built in 1876, this three-level French Second Empire residence with a Mansard-style roof is configured as five units: four seasonal rental apartments and a first-floor owner’s residence. The approximately 4,488-square-foot building includes a half-daylight partial basement, individual electric and gas meters, natural-gas hot-water heating, and three domestic hot-water heaters. Each apartment has a private kitchen and bathroom, while rear access provides dedicated entrances and sun decks. The owner’s quarters include a recently installed kitchen.

The approximately 0.2984-acre parcel includes gardens, lawns, a new irrigation system, a fenced rear outdoor area, a custom outdoor shower and bath, a shaded front porch, an outdoor storage shed, and a beach chair box. Driveway parking is accessed from Madison Avenue and accommodates six vehicles. The property is zoned R-3 and is located at Washington Street and Madison Avenue in Cape May, near the Washington Street Mall, beaches, restaurants, cafes, and the Historic District.

Key Highlights

  • Five‑unit configuration: four seasonal apartments plus first‑floor owner’s quarters
  • Approximately 4,488 square feet on an approximately 0.2984‑acre lot
  • Built in 1876 with French Second Empire architecture and a Mansard‑style roof

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Grocery & Convenience Store Auto Repair Shop Barber Shop Carpet & Flooring Store Daycare Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

950
Businesses Nearby

Demographics for 08204, NJ

17,090
Population
13,101
Households
1.3
Avg Household Size
54
Median Age
38%
College-Educated
95%
High-School Grad
20.5 sq mi
ZIP Area
834
Density / Sq Mi
$80,782
Median Household Income
$46,104
Median Earnings
$1,149
Median Rent
$399,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - French Second Empire property with separate entrances, private outdoor areas, and a six-vehicle driveway.
Where is this apartment building located?
The property is located at 933 Washington Street Cape May, NJ.
What is the asking price?
The asking price for this property is $2,835,000.
What are key features of this property?
This property features: Five‑unit configuration: four seasonal apartments plus first‑floor owner’s quarters; Approximately 4,488 square feet on an approximately 0.2984‑acre lot; Built in 1876 with French Second Empire architecture and a Mansard‑style roof
More about this property
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