Seven-Unit Mixed-Use
For Sale
$1,599,995
5 S Main Street, Cape May Court House, NJ 08210
MULTI-FAMILY, Cape May Court House, NJ
Property Size4,200 SF
Lot Size0.11 Acres
Price / SF$380.95
Days on Market194
Property Features for 5 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
TB
Bedrooms
5
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 5, Bathroom 3, Bedroom 3, Laundry Room, Dining Room, Basement, Bathroom 6, Bedroom 5, Bathroom 1, Bathroom 7, Bedroom 1
Patio and Porch features
Porch, Patio
Exterior features
Patio, Porch, Sidewalks
Lot features
Mainland
Subdivision
Cape May Court House
Standard status
Active
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10976
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Number of units
7
Listing Agency:
Houwzer LLC
(267) 765-2080
Listed By:
Patricia Gesswein · License #068287
(732) 620-0435
Added: Mar 27
Changed: Sep 28
Last Checked: Oct 6 at 9:06PM
MLS# 260763
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.
Investment Insights
Based on property information with market context.
This 4,200-square-foot mixed-use building contains seven units: three commercial spaces and four residential apartments. The commercial suites include two three-room layouts and one two-room layout, each with a half bath. Residential units include three two-bedroom apartments with one full bath each and one one-bedroom apartment with one full bath. The property also includes a full unfinished basement, vinyl siding, patio, porch, and sidewalks.
Built in 1920 on 0.1056 acres, the building is located at 5 S Main Street in Cape May Court House and is zoned TB. Public water and sewer serve the property. Each unit has separate electric service, supplemented by a house meter for common areas. Climate control includes five central HVAC systems and two ductless systems, with natural gas heating. Street parking is available in front of the building, and a municipal lot is immediately behind it.
Built in 1920 on 0.1056 acres, the building is located at 5 S Main Street in Cape May Court House and is zoned TB. Public water and sewer serve the property. Each unit has separate electric service, supplemented by a house meter for common areas. Climate control includes five central HVAC systems and two ductless systems, with natural gas heating. Street parking is available in front of the building, and a municipal lot is immediately behind it.
Key Highlights
- Seven‑unit configuration with 3 commercial units and 4 residential apartments
- Approximately 4,200 square feet on 0.1056 acres
- Commercial suites include two three‑room layouts and one two‑room layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,145
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,900
$1.1M
Cap Rate 7%
$816,357
$816.4K
Cap Rate 9%
$634,944
$634.9K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$109.4K $26.04/SF
− Vacancy
−$5.5K −$1.30/SF
EGI
$103.9K $24.74/SF
− OpEx
−$46.8K −$11.13/SF
NOI
$57.1K $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%
$1,142,900
Cap Rate 7%
$816,357
Cap Rate 9%
$634,944
Alternative Uses
Best Use
Apartment 5plus
$816.4K
$714.3K – $952.4K
NOI $57,145 @ 7.0% cap · market cap 3.57%
Second Best
Retail
$695.5K
$608.6K – $811.4K
NOI $48,686 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,994 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
826
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines separately metered commercial and residential spaces with public water and sewer service.
Where is this mixed-use property located?
The property is located at 5 S Main Street Cape May Court House, NJ.
What is the asking price?
The asking price for this property is $1,599,995.
What are key features of this property?
This property features: Seven‑unit configuration with 3 commercial units and 4 residential apartments; Approximately 4,200 square feet on 0.1056 acres; Commercial suites include two three‑room layouts and one two‑room layout
