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    Four-Unit Multifamily Property Title is generated by Realmo AI

    208 E Maple Avenue, Wildwood, NJ 08260

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    Claim this Listing
    New
    For Sale
    $899,700

    MULTI_FAMILY - Wildwood, NJ

    Lot size:
    0.09 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 2 at 5:06 pm

    Property Features for 208 E Maple Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2
    Bedrooms
    7
    Bathrooms
    5
    Rooms
    Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 6, Bedroom 2, Bathroom 5, Dining Room, Bedroom 7, Den, Bedroom 5, Bathroom 1
    Parking features
    Driveway
    Patio and Porch features
    Porch, Patio, Deck
    Exterior features
    Patio, Deck, Porch, Cable TV, Sidewalks
    Standard status
    Active
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7511

    Utilities

    Heating system
    Space Heater, Forced Air, Natural Gas
    Cooling system
    Central Air, Multi Units, Zoned
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    4

    We can help!

    Listing Contact
    Andrew Baus

    Listing agent Andrew Baus License #1433687

    Listing office BERKSHIRE HATHAWAY HS FOX & ROACH sic 4015 Landis Avenue, NJ

    Listing date Jun 2, 2026

    MLS# 261494 Listing URL

    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.

    HighLights

    • Four‑unit property with an upstairs main unit plus three separate 1‑bedroom rental units
    • Upstairs main unit has 4 bedrooms and 2.5 bathrooms, plus off‑street parking and a large lot
    • Hand‑laid hardwood floors and custom tile baths in the home
    • Instant hot water, along with plumbing and electrical upgrades reported throughout the home and rental units
    • Heating includes forced air with natural gas; cooling is central air with zoned/multi‑unit configuration
    • Outdoor features include a porch, patio, and deck; public water service and driveway parking

    Overview

    Offered for sale, this four-unit multifamily property features a large-lot setting with off-street parking and multiple upgraded living spaces. The main residence is located upstairs and includes four bedrooms and two and a half baths, along with a range of noted improvements such as instant hot water and plumbing and electrical upgrades. Interior finishes highlighted in the description include high-end woodworking, three floors of hand-laid hardwood floors, and custom tile baths. Below are three separate one-bedroom rental units, also described as having instant hot water and the same plumbing and electrical upgrade work.

    The property is located at 208 E Maple Avenue in Wildwood, within Cape May County, NJ. The listing emphasizes the off-street parking and the overall lot size as key practical benefits for tenants and daily use.

    With an owner-style layout above and three one-bedroom units beneath, this configuration may appeal to buyers seeking a property that supports both personal living space and rental income. The seller has indicated that seller financing is available, and buyers are encouraged to inquire for details regarding financing options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Spa & Massage Center Real Estate Agency Dental Office Hair Salon Nail Salon Daycare Center Skin Care Clinic Building Supply Accounting Firm

    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
    -74.811272
    Latitude
    38.990952

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    FAQs

    What type of property is this?
    Quadplex - Four well-configured units on a large lot with off-street parking, including a spacious owner-style layout plus rental income potential.
    Where is this quadplex located?
    The property is located at 208 E Maple Avenue Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $899,700.
    What are key features of this property?
    This property features: Four‑unit property with an upstairs main unit plus three separate 1‑bedroom rental units; Upstairs main unit has 4 bedrooms and 2.5 bathrooms, plus off‑street parking and a large lot; Hand‑laid hardwood floors and custom tile baths in the home
    (856) 904-5636
    We can help!
    Listing Contact
    Andrew Baus
    Real Estate License ID: 1433687
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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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