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Historic Five-Unit Apartment Building

933 Washington Street, Cape May, NJ 08204

For Sale
$2,835,000

MULTI-FAMILY, Cape May, NJ

Property Size4,488 SF
Lot Size0.30 Acres
Price / SF$631.68
Days on Market143

Property Features for 933 Washington Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning R-3
Bedrooms 9
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Bedroom 1, Bedroom 6, Basement, Bathroom 1, Bedroom 9, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 8, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 5, Bedroom 5
Parking features Driveway
Lot features Corner
Subdivision Cape May
Standard status Active
Lot size 0.30 Acres

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Individually Metered Utilities electricity, gas

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10546

Utilities

Heating system Other (Heating), Natural Gas, Hot Water(Heating)

Building Details

Year built 1876
Number of units 5
Buildings 1
Listing Agency: JERSEY CAPE REALTY
Listed By: James M. Cheney · License NJ #9700084
Added: Jun 25 Changed: Oct 27 Last Checked: Nov 14 at 12:06AM
MLS# 261733

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.

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Investment Insights

Based on property information with market context.

Built in 1876, this three-level French Second Empire residence with a Mansard-style roof is configured as five units: four seasonal rental apartments and a first-floor owner’s residence. The approximately 4,488-square-foot building includes a half-daylight partial basement, individual electric and gas meters, natural-gas hot-water heating, and three domestic hot-water heaters. Each apartment has a private kitchen and bathroom, while rear access provides dedicated entrances and sun decks. The owner’s quarters include a recently installed kitchen.

The approximately 0.2984-acre parcel includes gardens, lawns, a new irrigation system, a fenced rear outdoor area, a custom outdoor shower and bath, a shaded front porch, an outdoor storage shed, and a beach chair box. Driveway parking is accessed from Madison Avenue and accommodates six vehicles. The property is zoned R-3 and is located at Washington Street and Madison Avenue in Cape May, near the Washington Street Mall, beaches, restaurants, cafes, and the Historic District.

Key Highlights

  • Five‑unit configuration: four seasonal apartments plus first‑floor owner’s quarters
  • Approximately 4,488 square feet on an approximately 0.2984‑acre lot
  • Built in 1876 with French Second Empire architecture and a Mansard‑style roof

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

5
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

950
Businesses Nearby

Demographics for 08204, NJ

17,090
Population
13,101
Households
1.3
Avg Household Size
54
Median Age
38%
College-Educated
95%
High-School Grad
20.5 sq mi
ZIP Area
834
Density / Sq Mi
$80,782
Median Household Income
$46,104
Median Earnings
$1,149
Median Rent
$399,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Cape May County, NJ

$372 Jul
$342 Aug
$445 Sep
$445 Oct

Properties on Market for Apartment buildings in Cape May County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - French Second Empire property with separate entrances, private outdoor areas, and a six-vehicle driveway.
Where is this apartment building located?
The property is located at 933 Washington Street Cape May, NJ.
What is the asking price?
The asking price for this property is $2,835,000.
What are key features of this property?
This property features: Five‑unit configuration: four seasonal apartments plus first‑floor owner’s quarters; Approximately 4,488 square feet on an approximately 0.2984‑acre lot; Built in 1876 with French Second Empire architecture and a Mansard‑style roof
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