Four-Unit Short-Term Rental
6410 Pacific Ave, Wildwood Crest, NJ 08260
For Sale
$1,350,000
A 4,000-square-foot property in Wildwood Crest includes ocean views from its second-floor deck.
Property Size4,000 SF
Price / SF$337.50
Days on Market11
Property Features for 6410 Pacific Ave
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
SHORE POINTS REALTY
Listed By:
Ian Lazarus, CRS
(609) 457-0258
Source:
Exprealty
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 8 at 11:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SHORE POINTS REALTY
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Investment Insights
Based on property information with market context.
This four-unit property is configured for short-term rentals and totals 4,000 square feet. A second-floor deck provides ocean views, while the building’s southern exposure is another stated physical feature.
Located on Pacific Avenue in Wildwood Crest, the property combines a multi-unit setup with a coastal setting.
Located on Pacific Avenue in Wildwood Crest, the property combines a multi-unit setup with a coastal setting.
Key Highlights
- Four units configured for short‑term rentals
- 4,000 square feet
- Second‑floor deck with ocean views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,207
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,140
$1.2M
Cap Rate 7%
$845,814
$845.8K
Cap Rate 9%
$657,856
$657.9K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$88.8K $22.20/SF
− Vacancy
−$4.2K −$1.05/SF
EGI
$84.6K $21.15/SF
− OpEx
−$25.4K −$6.34/SF
NOI
$59.2K $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%
$1,184,140
Cap Rate 7%
$845,814
Cap Rate 9%
$657,856
Alternative Uses
Best Use
Multifamily LT 5
$845.8K
$740.1K – $986.8K
NOI $59,207 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$777.5K
$680.3K – $907.1K
NOI $54,424 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,709 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
667
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - A 4,000-square-foot property in Wildwood Crest includes ocean views from its second-floor deck.
Where is this quadplex located?
The property is located at 6410 Pacific Ave Wildwood Crest, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four units configured for short‑term rentals; 4,000 square feet; Second‑floor deck with ocean views
