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Cape May, NJ

Multifamily

Cape May, NJ Multifamily Properties for Sale

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Erma, NJ Wildwood Crest, NJ Wildwood, NJ Rio Grande, NJ Villas, NJ West Wildwood, NJ North Wildwood, NJ Whitesboro, NJ

Historic Multifamily Residence with Seasonal Rentals

Updated: Jun 25

Historic Multifamily Residence with Seasonal Rentals

933 Washington Street, Cape May, NJ 08204

$2,835,000

0.30 AC lot

Historic Thomas Webster House built in 1876 with French Second Empire/Mansard‑style roof
Currently operating as four seasonal rental apartments plus a spacious first‑floor Owners Quarters (5 units total)
Each seasonal apartment has a private bathroom and kitchen; Owners Quarters includes a brand‑new kitchen
Approximately 4,488 SF living space on an approximately 14,000 SF lot (close to 0.33 acre)
Driveway/parking accessed from Madison Avenue accommodates six vehicles; dedicated rear entrances with sun decks for the apartments

Victorian Charm in Cape May

Updated: Mar 31

Victorian Charm in Cape May

225-227 Windsor Ave, Cape May, NJ 08204

$2,750,000

6‑bedroom, 4‑bath home built in 1980 with multiple indoor living spaces including dining room and family room
Separate one‑bedroom apartment on‑site, suited for guests, extended family, or rental income
Outdoor features include porch (enclosed and screened), deck, patio, fenced yard, and shed
Central air cooling plus forced air heating with natural gas and propane options
Kitchen and laundry appliances include dishwasher, microwave, self‑cleaning oven, refrigerator, washer, and dryer

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Cape May, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Restored Multi-Unit Coastal Home

Restored Multi-Unit Coastal Home

227 E Cresse Avenue, Wildwood, NJ 08260

$1,499,777

Renovated 1930s home near beach with rental potential.

Wildwood Crest Multifamily Income Property

Wildwood Crest Multifamily Income Property

5606 Pacific Avenue, Wildwood Crest, NJ 08260

$2,350,000

Move-in-ready duplex near beaches offering income potential.

Multi-Family Apartment Unit

Multi-Family Apartment Unit

422 FARRAGUT RD #201, Wildwood Crest, NJ 08260

$389,000

For sale apartment unit within a multi-family property in Wildwood Crest, NJ.

Restored Coastal Home Near Boardwalk

Restored Coastal Home Near Boardwalk

227 East Cresse Avenue, Wildwood, NJ 08260

$1,499,777

Renovated 1930s shore home near beach and boardwalk.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Turnkey Camping Property in Horntown

Turnkey Camping Property in Horntown

354-355* SEA BASS DR lot: 2Lots, Horntown, VA 23395

$163,500

0.16 AC lot

High-end camping with access to numerous amenities.

Lot Near Crabbing Pier

Lot Near Crabbing Pier

WALLOPS DRIVE lot: 153, Horntown, VA 23395

$57,500

0.09 AC lot

Residential lot with septic and water view in Horntown.

Chincoteague Island Mobile Home Lot

Chincoteague Island Mobile Home Lot

SEAHORSE DR lot: 6B, Chincoteague, VA 23336

$145,000

0.12 AC lot

Vacant lot near beach, boating, and wildlife areas.

Chincoteague Island Lot with Utilities

Chincoteague Island Lot with Utilities

2339 BAY BREEZE DR lot: 44, Chincoteague, VA 23336

$104,900

0.05 AC lot

Residential lot with utilities near Curtis Merritt Harbor.

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.

APARTMENT HOUSE (UNDER 5 UNITS)

18 Gurney St, Cape May, NJ 08204-2408

Value Estimation by Request

2,287 sqft 0.09 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

28 Jackson St, Cape May, NJ 08204-1465

Value Estimation by Request

2,961 sqft 0.10 AC lot

1033 Washington St

APARTMENT HOUSE (UNDER 5 UNITS)

1033 Washington St, Cape May, NJ 08204-1750

$640,000

Estimated value

3,276 sqft 0.23 AC lot

814 Washington St

APARTMENT HOUSE (UNDER 5 UNITS)

814 Washington St, Cape May, NJ 08204-1652

$1,265,000

Estimated value

2,160 sqft 0.14 AC lot

717 Washington St

APARTMENT HOUSE (UNDER 5 UNITS)

717 Washington St, Cape May, NJ 08204-2330

$1,515,000

Estimated value

3,188 sqft 0.14 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

19 Ocean St, Cape May, NJ 08204-2411

$600,000

Estimated value

3,888 sqft 0.14 AC lot

1117 New Jersey Ave

APARTMENT HOUSE (UNDER 5 UNITS)

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

$2,830,000

Estimated value

4,781 sqft 0.34 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

24 Ocean St, Cape May, NJ 08204-2412

$2,360,000

Estimated value

4,012 sqft 0.13 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

223 Perry St, Cape May, NJ 08204-1448

$1,515,000

Estimated value

3,410 sqft 0.11 AC lot

923 Washington St

APARTMENT HOUSE (UNDER 5 UNITS)

923 Washington St, Cape May, NJ 08204-1661

$3,970,000

Estimated value

12,864 sqft 1.04 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

201 Howard St, Cape May, NJ 08204-2428

$960,000

Estimated value

5,100 sqft 0.12 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

45 Jackson St, Cape May, NJ 08204-1417

Value Estimation by Request

0.16 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

29 Ocean St, Cape May, NJ 08204-2411

$3,665,000

Estimated value

5,138 sqft 0.15 AC lot

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

710 Columbia Ave

APARTMENT HOUSE (UNDER 5 UNITS)

710 Columbia Ave, Cape May, NJ 08204-2332

$1,285,000

Estimated value

2,444 sqft 0.09 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

640 Hughes St, Cape May, NJ 08204-2334

$1,785,000

Estimated value

504 sqft 0.17 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

1507 Yacht Ave, Cape May, NJ 08204-5224

$1,845,000

Estimated value

4,443 sqft 0.27 AC lot

801 Stockton Ave

APARTMENT HOUSE (UNDER 5 UNITS)

801 Stockton Ave, Cape May, NJ 08204-2446

$2,220,000

Estimated value

7,186 sqft 0.19 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

102 Ocean St, Cape May, NJ 08204-2320

$2,485,000

Estimated value

5,695 sqft 0.18 AC lot

509 Columbia Ave

APARTMENT HOUSE (UNDER 5 UNITS)

509 Columbia Ave, Cape May, NJ 08204-2303

$2,325,000

Estimated value

5,188 sqft 0.14 AC lot

819 Stockton Ave

APARTMENT HOUSE (UNDER 5 UNITS)

819 Stockton Ave, Cape May, NJ 08204-2446

$940,000

Estimated value

2,984 sqft 0.08 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

109 Howard St, Cape May, NJ 08204-2426

$1,270,000

Estimated value

0.17 AC lot

Cape May, NJ Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Cape May, NJ on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $5,585,000.

Sale prices for multifamily properties in Cape May, NJ start at $2,750,000, averaging $2,792,500, and reaching up to $2,835,000 — 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

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	$2.8M

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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