Wildwood Multifamily Investment
2910 Ocean, Wildwood, NJ 08260
New
- Added:
- May 7, 2026
- Days on Market:
- 3
- Last Refresh:
- May 9 at 5:06 pm
Property Features for 2910 Ocean
General Information
- Property type
- Residential Multi Family
- Property subtype
- Mixed Use
- Rooms
- Kitchen, Living Room
- Parking features
- Assigned, Driveway
- Patio and Porch features
- Patio, Deck
- Exterior features
- Patio, Deck
- Standard status
- Active
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13101
Utilities
- Heating system
- Electric (Heating)
Building Details
- Year built
- 1938
- Number of units
- 13
- Architectural style
- Other
Listing agent Richard Martin License #2080502 (609) 231-7418
Listing office DON MARTIN REALTY, INC 421 West Spruce Ave, NJ (609) 729-8855
Listing date May 7, 2026
MLS# 261237
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
- Prime location: One block from the beach and boardwalk.
- Strong existing cash flow: Generates approximately $139,200 in gross annual income with a 7.09% cap rate.
- High‑occupancy configuration: Currently accommodates 42 beds with potential to expand to 48 for increased revenue.
- Designed for efficient operation: Features secure keypad room entry, spacious common kitchen/dining, and functional bathroom layout with multiple private stalls.
- Additional income stream: Includes a 2‑bedroom, 1‑bath apartment currently rented for $1,800 per month.
- Ample parking and outdoor space: Offers 14 off‑street parking spaces and large front porches on both levels.
Overview
This 14-bedroom, 11-bath property is configured for J1 and seasonal employee housing, situated one block from the beach and boardwalk. The property accommodates 42 beds across multiple bunk-style rooms, with the ability to expand to 48 beds. Designed for high-occupancy operation, the property features secure keypad room entry, a spacious common kitchen and dining area, and a functional bathroom layout. The second floor includes 8 private shower stalls and 8 private toilet stalls, while the first floor offers two full bathrooms, plus an additional full bathroom within the 2-bedroom apartment. The property generates approximately $139,200 in gross annual income. Income is derived from seasonal workforce housing revenue averaging approximately $175 per bed, per week, over a 16-week season, in addition to rental income from the 2-bedroom, 1-bath apartment, which is currently rented for $1,800 per month. Situated on a 60x90 corner lot, the property also features 14 off-street parking spaces and large front porches on both levels. This property is located in Wildwood, NJ.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Wildwood
- County
- Cape May
- State
- New Jersey
- Longitude
- -74.8281
- Latitude
- 38.9808
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 14-bedroom, 11-bath property near the beach and boardwalk.
Where is this multifamily property located?
The property is located at 2910 Ocean Wildwood, NJ.
What is the asking price?
The asking price for this property is $1,369,000.
What are key features of this property?
This property features: Prime location: One block from the beach and boardwalk.; Strong existing cash flow: Generates approximately $139,200 in gross annual income with a 7.09% cap rate.; High‑occupancy configuration: Currently accommodates 42 beds with potential to expand to 48 for increased revenue.
