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Flexible Short-Term Rental Property
For Sale
$3,425,000

840/842 Wesley Ave # 840 & 842, Ocean City, NJ 08226

Two rentable units can operate independently or connect for larger vacation groups, with elevator access and walkable beach access.

Property Size3,372 SF
Price / SF$1,015
Days on Market8

Property Features for 840/842 Wesley Ave # 840 & 842

General Information

Standard status Active
Size 3,372 SF
Total Parking Spaces 6
Elevators Yes
Property subtype Multi-Family

Units

Unit Mix 2 x 5BR/3BA
Multifamily Units 2

Additional Details

Road Access Yes

Amenities

recreation rooms
large flat-screen TVs
TVs in every bedroom
keyless entry
private entrances
internal stairwells
front decks
rear decks
washer/dryer on each floor
beach-ready extras

Building Details

Year Built 2017
Buildings 1
Stories 2
Listing Agency: Resorts Ltd Inc
Listed By: Ben Kruse
Source: Choosekruse
Added: Aug 23 Changed: Aug 30 Last Checked: Aug 30 at 7:39AM

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 Resorts Ltd Inc

Investment Insights

Based on property information with market context.

Built in 2017, this 3,372-square-foot vacation rental property is configured as two separately rentable units that can also connect through an interior door. Each level offers approximately 1,700 square feet with five bedrooms and three full bathrooms, creating a combined layout with 10 bedrooms, six bathrooms, and accommodations for up to 28 guests. Two outdoor cabana showers complement the indoor facilities.

Property features include a private elevator from the ground level to the second floor, private entrances, internal stairwells, front and rear decks, and a washer and dryer on each floor. The ground level includes two recreation rooms with televisions and game tables, while televisions are also provided in every bedroom. Keyless entry and off-street parking for up to six vehicles add operational convenience.

The property is located at 840/842 Wesley Ave in Ocean City, near 9th and Wesley, with the beach, boardwalk, and downtown described as a short walk away.

Key Highlights

  • Two connected units with 10 bedrooms and 6 bathrooms
  • Approximately 1,700 sq ft per level; 3,372 sq ft total
  • Accommodates up to 28 guests with 2 outdoor cabana showers

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Catering Service Home Appliance Store Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,607
Businesses Nearby

Demographics for 08226, NJ

11,229
Population
20,905
Households
0.5
Avg Household Size
57
Median Age
55%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
1,651
Density / Sq Mi
$101,782
Median Household Income
$54,323
Median Earnings
$1,670
Median Rent
$719,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - Two rentable units can operate independently or connect for larger vacation groups, with elevator access and walkable beach access.
Where is this short term rental property located?
The property is located at 840/842 Wesley Ave # 840 & 842 Ocean City, NJ.
What is the asking price?
The asking price for this property is $3,425,000.
What are key features of this property?
This property features: Two connected units with 10 bedrooms and 6 bathrooms; Approximately 1,700 sq ft per level; 3,372 sq ft total; Accommodates up to 28 guests with 2 outdoor cabana showers
More about this property
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