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Two-Building Multifamily Complex
For Sale
$1,300,000

238 E Leaming Ave, Wildwood, NJ 08260

Six furnished 2-bedroom units across two buildings, with private patios, outdoor showers, and luxury vinyl plank flooring.

Property SizeContact for details
Days on Market182

Property Features for 238 E Leaming Ave

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Furnished Yes
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $10,082

Amenities

private patio
common picnic area
outdoor shower
Listing Agency: COASTLINE REALTY, LLC
Listed By: Bojidar 'Bob' Dimitrov
Source: Exprealty
Added: Mar 13 Changed: Sep 8 Last Checked: Sep 9 at 10:25AM

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 COASTLINE REALTY, LLC

Investment Insights

Based on property information with market context.

This two-building multifamily complex offers six furnished 2-bedroom apartments in a bright, airy layout. The front building contains four units, including two on the upper level with ocean views and two on the first floor. The remaining units are located in the second building. Each unit is presented fully furnished, and features luxury vinyl plank flooring designed for convenient cleanup and protection from sand and water. Residents also have access to an outdoor shower, and select units have a private patio area. The property also includes a common picnic area between the two houses.

The complex is located just a couple blocks from the Wildwood beaches and within a few blocks of the Wildwood boardwalk, with the convention center nearby for events in the shoulder seasons.

Owners have compiled condo documentation, surveys, and exemptions should conversion to condominiums be considered.

Key Highlights

  • 6 furnished 2‑bedroom units across two buildings (Unit 1–Unit 6), totaling 12 beds and 6 baths
  • Rents listed at $25,000 per unit (total rent $150k), with 2024 property gross reported at $104,000
  • Front building has 4 units with 2 upper units noted to enjoy ocean views

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Electrical Service Veterinary Clinic Pet Grooming Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,450
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six furnished 2-bedroom units across two buildings, with private patios, outdoor showers, and luxury vinyl plank flooring.
Where is this apartment building located?
The property is located at 238 E Leaming Ave Wildwood, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6 furnished 2‑bedroom units across two buildings (Unit 1–Unit 6), totaling 12 beds and 6 baths; Rents listed at $25,000 per unit (total rent $150k), with 2024 property gross reported at $104,000; Front building has 4 units with 2 upper units noted to enjoy ocean views
More about this property
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