Six-Bedroom Duplex With Outdoor
For Sale
$729,000
132 W Juniper Ave, Wildwood, NJ 08260
Two residences offer matching layouts with living, kitchen, and dining areas plus shared outdoor space.
Property Size1,688 SF
Price / SF$431.87
Days on Market29
Property Features for 132 W Juniper Ave
General Information
Standard status
Active
Size
1,688 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1910
Stories
2
Listing Agency:
KELLER WILLIAMS REALTY JERSEY SHORE wc
(609) 522-3322
Listed By:
Anthony Chiolo · License #1539228
Source:
Southjerseyshorehomesfinder
Added: Aug 4
Changed: Aug 30
Last Checked: Aug 31 at 7:53PM
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 KELLER WILLIAMS REALTY JERSEY SHORE wc
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each arranged with three bedrooms, one full bathroom, a living room, kitchen, and dining area. The first-floor and second-floor residences provide comparable layouts, while the property also includes a sizable outdoor area. Built in 1910, the building offers a two-unit configuration suited to residential income use or shared occupancy.
The property is located at 132 W Juniper Ave in Wildwood, New Jersey, on the island and close to North Wildwood. Its setting places both residences near the broader Wildwood area while retaining separate unit layouts within one building.
The property is located at 132 W Juniper Ave in Wildwood, New Jersey, on the island and close to North Wildwood. Its setting places both residences near the broader Wildwood area while retaining separate unit layouts within one building.
Key Highlights
- Two‑unit duplex with 1,688 square feet of property size
- Each unit includes 3 bedrooms and 1 full bathroom
- Both residences feature living, kitchen, and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,986
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$499,720
$499.7K
Cap Rate 7%
$356,943
$356.9K
Cap Rate 9%
$277,622
$277.6K
Market Conditions
NOI Build-Up for 1,688 SF
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.
Gross rent
$37.5K $22.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$35.7K $21.15/SF
− OpEx
−$10.7K −$6.34/SF
NOI
$25.0K $14.80/SF
Area
Cape May County, NJ
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$499,720
Cap Rate 7%
$356,943
Cap Rate 9%
$277,622
Alternative Uses
Best Use
Multifamily LT 5
$356.9K
$312.3K – $416.4K
NOI $24,986 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$328.1K
$287.1K – $382.8K
NOI $22,967 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$516.7K
$452.1K – $602.8K
NOI $36,169 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,505
Businesses Nearby
Explore this area
Business Placement
Demographics for 08260, NJ
12,964
Population
23,076
Households
0.6
Avg Household Size
53
Median Age
28%
College-Educated
93%
High-School Grad
15.9 sq mi
ZIP Area
815
Density / Sq Mi
$71,549
Median Household Income
$40,361
Median Earnings
$1,182
Median Rent
$441,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer matching layouts with living, kitchen, and dining areas plus shared outdoor space.
Where is this duplex located?
The property is located at 132 W Juniper Ave Wildwood, NJ.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,688 square feet of property size; Each unit includes 3 bedrooms and 1 full bathroom; Both residences feature living, kitchen, and dining areas
