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    Wildwood Duplex Near Boardwalk Title is generated by Realmo AI

    120 West Juniper Avenue, Wildwood, NJ 08260

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    For Sale
    $724,900

    Well-maintained 5BR/3BA duplex with rental potential near Surfside Pier.

    Type:MULTI-FAMILY / Duplex
    Added:
    May 17, 2026
    Days on Market:
    19
    Last Refresh:
    May 17 at 8:18 pm

    Property Features for 120 West Juniper Avenue

    General Information

    Standard status
    Active
    Property subtype
    MULTI-FAMILY / Duplex

    We can help!

    Listing Contact
    MICHAEL DOLAN

    Listing agent MICHAEL DOLAN License #SB-8937646

    Listing office GALLOWAY REAL ESTATE INC

    Listing date May 17, 2026

    Source Compass

    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 GALLOWAY REAL ESTATE INC

    HighLights

    • Prime location: Just 4 blocks from Surfside Pier boardwalk, close to restaurants, bars, Acme, and CVS.
    • Excellent condition with pride of ownership evident throughout.
    • Two separate living spaces: First floor with 3 bedrooms/2 baths, and second floor with 2 bedrooms/1 bath, renovated kitchen, and private deck.
    • Desirable features: Enjoy the benefits of a tankless hot water heater, new siding and gutters, and an updated tile shower with glass doors, all within a fenced yard.
    • Ample parking: Double car driveway that can park 6 cars, plus a 1‑car garage (currently 'Mac shack' with electric).
    • Great rental potential: Live on one floor and rent the other.

    Overview

    Located in Wildwood, this well-maintained duplex features a total of 5 bedrooms and 3 bathrooms. The first floor offers 3 bedrooms and 2 bathrooms, a kitchen with luxury vinyl planking, an appliance package including a microwave, and a tile backsplash. The combined living and dining room benefits from ceiling fans and ample natural light. Additional features include a laundry room, pantry, and generous storage space, along with a tankless hot water heater. The second floor contains 2 bedrooms and 1 bathroom. It has been recently renovated and includes an eat-in kitchen with a gas range, dishwasher, and ceramic tile flooring. A large family room features recessed lighting and newer carpet. The updated tile shower has glass doors. A private fiberglass deck with a new Trex staircase offers space for outdoor furniture. The property includes a fenced-in yard, a new outside shower, a double-car driveway accommodating up to 6 cars, new siding and gutters, and a storage shed. A one-car garage is currently used as a space with electric. The property provides ample yard space for entertaining and large storage in the crawl space. Situated 4 blocks from Surfside Pier boardwalk, it is close to the water park, amusements, and various dining options. It is also located 2 blocks from Acme and CVS in North Wildwood. The property offers great rental potential and the opportunity for large families to enjoy a beach house. Showings start 5/21/2026.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Building Supply Restaurant Pharmacy

    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
    -74.8114301
    Latitude
    38.9946288

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    FAQs

    What type of property is this?
    Duplex - Well-maintained 5BR/3BA duplex with rental potential near Surfside Pier.
    Where is this duplex located?
    The property is located at 120 West Juniper Avenue Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $724,900.
    What are key features of this property?
    This property features: Prime location: Just 4 blocks from Surfside Pier boardwalk, close to restaurants, bars, Acme, and CVS.; Excellent condition with pride of ownership evident throughout.; Two separate living spaces: First floor with 3 bedrooms/2 baths, and second floor with 2 bedrooms/1 bath, renovated kitchen, and private deck.
    (609) 226-2181
    We can help!
    Listing Contact
    MICHAEL DOLAN
    Real Estate License ID: SB-8937646
    Learn More
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    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.

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