Wildwood Multifamily Investment
2910 Ocean Avenue, Wildwood, NJ 08260
- Added:
- May 7, 2026
- Days on Market:
- 16
- Last Refresh:
- May 22 at 1:06 pm
Property Features for 2910 Ocean Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 14
- Bathrooms
- 11
- Rooms
- Bedroom 11, Bedroom 7, Bathroom 4, Bathroom 9, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 14, Bedroom 8, Bedroom 13, Bathroom 2, Bathroom 7, Bathroom 10, Bedroom 10, Bathroom 6, Bedroom 6, Bathroom 1, Bedroom 9, Bathroom 8, Bathroom 5, Bedroom 4, Bathroom 3, Bathroom 11, Bedroom 12, Kitchen
- 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
Listing agent Richard Martin License #2080502 (609) 231-7418
Listing office DON MARTIN REALTY, INC 421 W 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
- Strong existing cash flow with a 7.09% cap rate, generating approximately $139,200 in gross annual income.
- Prime location just one block from the beach and boardwalk.
- Fully configured for J1 and seasonal employee housing with 14 bedrooms and 11 bathrooms, currently accommodating 42 beds.
- Opportunity to expand to 48 beds to further increase revenue.
- Includes a 2‑bedroom, 1‑bath apartment providing additional rental income of $1,800 per month.
- Features 14 off‑street parking spaces and large front porches on both levels.
Overview
This 14-bedroom, 11-bath multifamily property is located one block from the beach and boardwalk. It is configured for J1 and seasonal employee housing, offering cash flow with upside potential. 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. Current operations generate 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 0.124-acre corner lot, the property also features 14 off-street parking spaces and large front porches on both levels. It is an opportunity for investors, operators, or employers seeking an income-producing asset with expansion potential in a prime shore location.
Property Profile
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 multifamily property near the beach in Wildwood, NJ.
Where is this multifamily property located?
The property is located at 2910 Ocean Avenue 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: Strong existing cash flow with a 7.09% cap rate, generating approximately $139,200 in gross annual income.; Prime location just one block from the beach and boardwalk.; Fully configured for J1 and seasonal employee housing with 14 bedrooms and 11 bathrooms, currently accommodating 42 beds.
