Waterfront Short-Term Rental
For Sale
$899,000
33 S Boardwalk, Cape May Court House, NJ 08210
Multi-Family, Cape May Court House, NJ
Property Size2,452 SF
Lot Size0.18 Acres
Price / SF$366.64
Days on Market31
Property Features for 33 S Boardwalk
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 2, Basement
Parking features
Off Street
Patio and Porch features
Deck
Interior features
Recessed Lighting
Exterior features
Deck, Board Walk
Fireplace
1
Lot features
Bayside, Beachfront, Bayfront, Lagoon
View
Water
Directions
Old North Wildwood Hwy
Standard status
Active
APN
06-01183-0000-00016
Size
2,452 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6335
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Well
Water front
1
Amenities
private beach
boat house
Building Details
Year built
1888
Floors in Building
1
Number of units
1
Building materials
Cedar Shake
Roof type
Shingle
Listing Agency:
HomeSmart First Advantage
Listed By:
Charlene Capici
(856) 363-3000
Added: Sep 13
Changed: Oct 9
Last Checked: Oct 13 at 12:06AM
MLS# 22628854
Copyright © 2026 More 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 waterfront property brings together two homes with a combined stated area of 2,452 square feet. The larger residence has two bedrooms, one and a half baths, separate family and living rooms, a dining room, and a kitchen. The second home is a two-bedroom chalet with a second-floor owner’s suite. A deck, private beach, and boathouse are also on the property.
The parcel fronts an intercoastal waterway channel leading toward the ocean. The homes have cedar-shake construction, baseboard heat, and off-street parking. Water is supplied by a well, and the property is served by public sewer. Rental use, including short-term and vacation rentals, is identified as a potential use.
The parcel fronts an intercoastal waterway channel leading toward the ocean. The homes have cedar-shake construction, baseboard heat, and off-street parking. Water is supplied by a well, and the property is served by public sewer. Rental use, including short-term and vacation rentals, is identified as a potential use.
Key Highlights
- Two residences on a waterfront parcel
- Combined stated building area of 2,452 square feet
- Larger home has 2 bedrooms, 1.5 baths, and separate living and family rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,362
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,240
$667.2K
Cap Rate 7%
$476,600
$476.6K
Cap Rate 9%
$370,689
$370.7K
Market Conditions
NOI Build-Up for 2,452 SF
Gross rent
$63.9K $26.04/SF
− Vacancy
−$3.2K −$1.30/SF
EGI
$60.7K $24.74/SF
− OpEx
−$27.3K −$11.13/SF
NOI
$33.4K $13.61/SF
Area
Cape May County, NJ
Vacancy
5.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,240
Cap Rate 7%
$476,600
Cap Rate 9%
$370,689
Alternative Uses
Best Use
Apartment 5plus
$476.6K
$417.0K – $556.0K
NOI $33,362 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$750.6K
$656.7K – $875.7K
NOI $52,539 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 08210, NJ
17,635
Population
8,374
Households
2.1
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
68.5 sq mi
ZIP Area
257
Density / Sq Mi
$93,855
Median Household Income
$48,086
Median Earnings
$1,538
Median Rent
$337,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two residences, a private beach, and a boathouse are included on a waterfront property.
Where is this short term rental property located?
The property is located at 33 S Boardwalk Cape May Court House, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two residences on a waterfront parcel; Combined stated building area of 2,452 square feet; Larger home has 2 bedrooms, 1.5 baths, and separate living and family rooms
