Seven-Unit Multifamily
115 W Poplar Wildwood, NJ 08260
115 W Poplar, Wildwood, NJ, 08260
$1,499,000
For Sale
$1,499,000
Seven apartments across two buildings in Wildwood, with new roofs and on-site laundry.
Property Size7,000 SF
Price / SF$214.14
Days on Market139
Property Features for 115 W Poplar
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1938
Listing agency
BHHS Fox & Roach-Washington-Gloucester
(856) 904-5636
Listed by
Andrew Baus · License #1433687
(856) 904-5636
Source
Xome
Added: Mar 5 Updated: Jul 22 at 12:41PM Checked: Jul 22 at 12:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach-Washington-Gloucester
Investment Insights
Based on property information with market context.
For sale: a seven-unit multifamily property comprising two separate buildings. The unit mix includes five 1-bedroom apartments and two 3-bedroom, condo-style units. Both buildings are reported to be in excellent exterior condition, with recently installed new roofs that may reduce near-term capital expense. On-site laundry is included for tenant convenience.
The interiors are described as needing cosmetic updates, offering an opportunity to refresh and improve the apartments. The property is located at 115 W Poplar in Wildwood, New Jersey.
With apartments configured across two buildings and shared on-site laundry, this property provides a straightforward, residential income setup while the exterior maintenance is positioned to require less immediate work.
The interiors are described as needing cosmetic updates, offering an opportunity to refresh and improve the apartments. The property is located at 115 W Poplar in Wildwood, New Jersey.
With apartments configured across two buildings and shared on-site laundry, this property provides a straightforward, residential income setup while the exterior maintenance is positioned to require less immediate work.
Key Highlights
- 7‑unit multifamily across two separate buildings in Wildwood
- Unit mix includes five 1‑bedroom apartments and two 3‑bedroom condo‑style units
- Recently installed new roofs; roof types include flat, composition shingle, and rubber
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.3k | $26.04 |
| − Vacancy | −$9.1k | −$1.30 |
| EGI | $173.2k | $24.74 |
| − OpEx | −$77.9k | −$11.13 |
| NOI | $95.2k | $13.61 |
7,000 SF · lease $26.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,241 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,990 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven apartments across two buildings in Wildwood, with new roofs and on-site laundry.
Where is this apartment building located?
The property is located at 115 W Poplar Wildwood, NJ.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 7‑unit multifamily across two separate buildings in Wildwood; Unit mix includes five 1‑bedroom apartments and two 3‑bedroom condo‑style units; Recently installed new roofs; roof types include flat, composition shingle, and rubber
