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    Cape May, NJ Multifamily Properties for Sale

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    Historic Five-Unit Apartment Building
    Updated: Jun 25
    Historic Five-Unit Apartment Building

    933 Washington Street, Cape May, NJ 08204

    $2,835,000
    0.30 AC lot
    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
    Three levels over a half‑daylight partial basement
    Driveway parking for six vehicles, accessed from Madison Avenue
    View details
    Duplex with Separate One-Bedroom Apartment
    Updated: Mar 31
    Duplex with Separate One-Bedroom Apartment

    225-227 Windsor Ave, Cape May, NJ 08204

    $2,750,000
    Separate one‑bedroom apartment in addition to the main duplex‑style layout
    6 bedrooms and 4 bathrooms with family room and dining room
    Central air cooling plus forced‑air heating with propane and natural gas
    Outdoor living with porch, patio, and deck, plus fenced yard and outside shower
    Sprinkler system, shed, and sidewalks on a curbed exterior
    View details
    Furnished Two-Bedroom Condo
    Furnished Two-Bedroom Condo

    217 BEACH AVE #214, Cape May, NJ 08204

    $1,175,000

    Oceanfront condo with pool views, private laundry, deck access, and optional on-site rental management.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Historic Five-Unit Apartment Building
    Historic Five-Unit Apartment Building

    933 Washington St, Cape May, NJ 08204

    $2,835,000
    13,000 sqft 0.32 AC lot

    Historic multi-unit property with private kitchens, bathrooms, separate entrances, and outdoor spaces for each seasonal apartment.

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    Historic Duplex with Income Potential
    Historic Duplex with Income Potential

    626 Hughes Street, Cape May, NJ 08204

    $3,199,000

    Victorian duplex configured as two units with 5 bedrooms, 3½ baths, and private mahogany deck access.

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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    22-26 Jackson St, Cape May, NJ 01247

    Contact for pricing

    Separate front and rear structures contain a two-family residence and a single-family residence.

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    Two-Unit Duplex with Full Basement
    Two-Unit Duplex with Full Basement

    933 Sewell Ave, Cape May, NJ 08204

    Contact for pricing

    Two separate residences include kitchens and living areas, with basement storage and independent second-floor access.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 7 Active listings in Cape May, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Duplex With Bay Views
    Duplex With Bay Views

    523 W MAPLE AVENUE, Wildwood, NJ 08260

    $799,000
    1,924 sqft

    Two residential units share decks, outdoor amenities, and a fenced rear yard near the bay.

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    Seven-Bedroom Triplex with Pool
    Seven-Bedroom Triplex with Pool

    130 W Buttercup Road, Wildwood Crest, NJ 08260

    $1,695,000

    Three independent living spaces include kitchens, baths, and separate living and dining areas.

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    Duplex with Pool and Central Air
    Duplex with Pool and Central Air

    5606 Pacific Avenue, Wildwood Crest, NJ 08260

    $2,350,000

    Duplex built in 1920 with central air, forced-air natural gas heat, and a pool, plus driveway parking and fenced yard.

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    Reconstructed Quadplex with Sauna
    Reconstructed Quadplex with Sauna

    211-13 W Wildwood Ave, Wildwood, NJ 08260

    $1,395,000

    Four separately metered condominium units combine short-term rental flexibility with an existing year-round lease.

    View details

    Off-Market Properties in Cape May, NJ

    Consider similar Off-Market properties in Cape May, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    18 Gurney St
    APARTMENT HOUSE (UNDER 5 UNITS)

    18 Gurney St, Cape May, NJ 08204-2408

    $390,000
    Estimated value
    2,287 sqft 0.09 AC lot
    View details
    28 Jackson St
    APARTMENT HOUSE (UNDER 5 UNITS)

    28 Jackson St, Cape May, NJ 08204-1465

    $480,000
    Estimated value
    2,961 sqft 0.10 AC lot
    View details
    1033 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1033 Washington St, Cape May, NJ 08204-1750

    $305,000
    Estimated value
    3,276 sqft 0.23 AC lot
    View details
    814 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    814 Washington St, Cape May, NJ 08204-1652

    $1,880,000
    Estimated value
    2,160 sqft 0.14 AC lot
    View details
    717 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    717 Washington St, Cape May, NJ 08204-2330

    $2,355,000
    Estimated value
    3,188 sqft 0.14 AC lot
    View details
    19 Ocean St
    APARTMENT HOUSE (UNDER 5 UNITS)

    19 Ocean St, Cape May, NJ 08204-2411

    $600,000
    Estimated value
    3,888 sqft 0.14 AC lot
    View details
    1117 New Jersey Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1117 New Jersey Ave, Cape May, NJ 08204-2638

    $4,535,000
    Estimated value
    4,781 sqft 0.34 AC lot
    View details
    24 Ocean St
    APARTMENT HOUSE (UNDER 5 UNITS)

    24 Ocean St, Cape May, NJ 08204-2412

    $3,745,000
    Estimated value
    4,012 sqft 0.13 AC lot
    View details
    223 Perry St
    APARTMENT HOUSE (UNDER 5 UNITS)

    223 Perry St, Cape May, NJ 08204-1448

    $2,125,000
    Estimated value
    3,410 sqft 0.11 AC lot
    View details
    923 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    923 Washington St, Cape May, NJ 08204-1661

    $4,270,000
    Estimated value
    12,864 sqft 1.04 AC lot
    View details
    201 Howard St
    APARTMENT HOUSE (UNDER 5 UNITS)

    201 Howard St, Cape May, NJ 08204-2428

    $960,000
    Estimated value
    5,100 sqft 0.12 AC lot
    View details
    45 Jackson St
    APARTMENT HOUSE (UNDER 5 UNITS)

    45 Jackson St, Cape May, NJ 08204-1417

    $250,000
    Estimated value
    0.16 AC lot
    View details
    29 Ocean St
    APARTMENT HOUSE (UNDER 5 UNITS)

    29 Ocean St, Cape May, NJ 08204-2411

    $3,995,000
    Estimated value
    5,138 sqft 0.15 AC lot
    View details
    15 Lafayette St
    APARTMENT HOUSE (UNDER 5 UNITS)

    15 Lafayette St, Cape May, NJ 08204-5301

    $780,000
    Estimated value
    3,712 sqft 0.11 AC lot
    View details
    710 Columbia Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    710 Columbia Ave, Cape May, NJ 08204-2332

    $1,330,000
    Estimated value
    2,444 sqft 0.09 AC lot
    View details
    640 Hughes St
    APARTMENT HOUSE (UNDER 5 UNITS)

    640 Hughes St, Cape May, NJ 08204-2334

    $1,860,000
    Estimated value
    504 sqft 0.17 AC lot
    View details
    1507 Yacht Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1507 Yacht Ave, Cape May, NJ 08204-5224

    $1,940,000
    Estimated value
    4,443 sqft 0.27 AC lot
    View details

    Cape May, NJ Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Cape May, NJ, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 13,000 square feet of properties for sale, with an estimated market value of $12,794,000.

    Sale prices for multifamily properties in Cape May, NJ start at $1,175,000, averaging $2,558,800, and reaching up to $3,199,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 3
    Short term rental properties 3
    Apartment buildings 2
    Triplexes 1

    Demographics Overview

    Population 17K
    Population Growth (5Y) -9.2%
    Median Household Income $80,782
    College Educated 50.3%

    High-Yield Neighborhoods for Investment

    Identify Cape May submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    08204 $2.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.30%
    Property Tax per SF $10.94 per SF
    Tax Rate vs County Average 0.33 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cape May County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Cape May, NJ

    • 08204
    • 01247

    Featured Cape May Real Estate Agencies

    Realmo connects you with licensed Cape May CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Jersey Cape Realty
    739 Washington Street Cape May, NJ 08204
    Phone: 16098845800
    www.JerseyCapeRealty.com

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