Four-Unit Condo-Approved
New
For Sale
$750,000
206 E GLENWOOD Avenue, Wildwood, NJ 08260
Multi-Family, WILDWOOD, NJ
Property Size3,600 SF
Lot Size0.07 Acres
Price / SF$208.33
Days on Market1
Property Features for 206 E GLENWOOD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Middle school
WILDWOOD
High school
WILDWOOD H.S.
Elementary school district
WILDWOOD CITY SCHOOLS
Middle school district
WILDWOOD CITY SCHOOLS
High school district
WILDWOOD CITY SCHOOLS
Standard status
Active
Size
3,600 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7142
Utilities
Heating system
Hot Water(Heating), Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1920
Number of units
4
Building materials
Wood Siding, Vinyl Siding
Architectural style
Contemporary
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Nicole Klein · License #2299586
(215) 872-6288
Added: Oct 6
Last Checked: Oct 6 at 5:06PM
MLS# NJCM2008216
Copyright © 2026 Bright MLS. 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.
This 3,600-square-foot, four-unit property was built in 1920 on a 0.0723-acre lot. One residence has been updated, while the other three are identified for renovation. The units have condominium approval. A detached cottage has separate utility service. Exterior materials include wood and vinyl siding; heating includes hot water, baseboard, and electric, with window-unit cooling.
The property is at 206 E Glenwood Avenue in Wildwood, two blocks from the beaches and Boardwalk. Dining and entertainment are also cited in the surrounding area.
The property is at 206 E Glenwood Avenue in Wildwood, two blocks from the beaches and Boardwalk. Dining and entertainment are also cited in the surrounding area.
Key Highlights
- Four units with condominium approval
- 3,600 square feet on a 0.0723‑acre lot
- Detached cottage has separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,287
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,065,740
$1.1M
Cap Rate 7%
$761,243
$761.2K
Cap Rate 9%
$592,078
$592.1K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$79.9K $22.20/SF
− Vacancy
−$3.8K −$1.05/SF
EGI
$76.1K $21.15/SF
− OpEx
−$22.8K −$6.34/SF
NOI
$53.3K $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 Rate 5%
$1,065,740
Cap Rate 7%
$761,243
Cap Rate 9%
$592,078
Alternative Uses
Best Use
Multifamily LT 5
$761.2K
$666.1K – $888.1K
NOI $53,287 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$699.7K
$612.3K – $816.4K
NOI $48,981 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$1.10M
$964.2K – $1.29M
NOI $77,138 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,721
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences with condominium approval offer flexibility for rental or individual unit disposition.
Where is this quadplex located?
The property is located at 206 E GLENWOOD Avenue Wildwood, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four units with condominium approval; 3,600 square feet on a 0.0723‑acre lot; Detached cottage has separate utilities
