Duplex with Bay
523 W MAPLE Avenue, Wildwood, NJ 08260
For Sale
$799,000
Multi-Family, WILDWOOD, NJ
Property Size1,924 SF
Lot Size0.15 Acres
Price / SF$415.28
Days on Market96
Property Features for 523 W MAPLE Avenue
General Information
Property type
Property subtype
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
full-length decks
covered lower porch
upper deck with bay views
private concrete driveway
fenced-in backyard
fire pit
enclosed outdoor shower
oversized elevated shed
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Keller Williams Realty - Atlantic Shore
(609) 484-9890
Listed By:
Flamur Rama · License NJ #457770
(609) 703-9208
Added: Aug 11
Changed: Oct 28
Last Checked: Nov 14 at 1:06AM
MLS# NJCM2007694
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,924-square-foot Colonial duplex, built in 1950, contains two residential units: a 3-bedroom, 1-bath upper unit and a 2-bedroom, 1-bath lower unit. Both include LVP flooring, ceiling fans, and updated kitchens. Full-length outdoor living areas serve each level, with a covered lower porch and an upper deck offering bay views. Vinyl siding, forced-air heat, central air, and ceiling fans provide additional functional features.
The property sits one block from the bay and includes a private concrete driveway with off-street parking. The 0.1469-acre lot also provides a fenced backyard with a fire pit, enclosed outdoor shower, and elevated shed. The combination of two distinct living spaces, coastal setting, and outdoor amenities supports use as a duplex residence or rental property.
The property sits one block from the bay and includes a private concrete driveway with off-street parking. The 0.1469-acre lot also provides a fenced backyard with a fire pit, enclosed outdoor shower, and elevated shed. The combination of two distinct living spaces, coastal setting, and outdoor amenities supports use as a duplex residence or rental property.
Key Highlights
- Two‑unit duplex with a 3‑bedroom upper unit and 2‑bedroom lower unit
- 1,924 square feet on a 0.1469‑acre lot
- Upper unit includes a deck with bay views; lower unit has a covered porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,479
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,580
$569.6K
Cap Rate 7%
$406,843
$406.8K
Cap Rate 9%
$316,433
$316.4K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$42.7K $22.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$40.7K $21.15/SF
− OpEx
−$12.2K −$6.34/SF
NOI
$28.5K $14.80/SF
Area
Cape May County, NJ
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,580
Cap Rate 7%
$406,843
Cap Rate 9%
$316,433
Alternative Uses
Best Use
Multifamily LT 5
$406.8K
$356.0K – $474.7K
NOI $28,479 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$374.0K
$327.2K – $436.3K
NOI $26,178 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$588.9K
$515.3K – $687.1K
NOI $41,226 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Duplexes in Cape May County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout includes updated kitchens, outdoor living areas, and off-street parking.
Where is this duplex located?
The property is located at 523 W MAPLE Avenue Wildwood, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit duplex with a 3‑bedroom upper unit and 2‑bedroom lower unit; 1,924 square feet on a 0.1469‑acre lot; Upper unit includes a deck with bay views; lower unit has a covered porch
