Individually Owned 
For Sale
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Property summary
The historic Thomas Webster House, built in 1876, is located on the corner of Washington Street and Madison Avenue with set-back frontage on Washington Street, framed by a custom-built picket fence. The property features French Second Empire architecture with a Mansard-style roof, three levels over a half daylight partial basement, and approximately 4,488 square feet of living space on a lot of approximately 14,000 square feet. The layout includes a half-daylight partial basement and a… first-floor configuration with two units: a 2-bedroom, 1-bath owner’s quarters with a kitchen and a separate 1-bedroom, 1-bath apartment. The second floor contains two 2-bedroom, 1-bath apartments, and the third floor includes one 2-bedroom, 1-bath apartment. Apartments are accessed from the rear through dedicated entrances and sun decks, and a private, fenced outdoor area is located behind the house with a custom outdoor shower/bath. Outdoor amenities include a large shaded front porch with awnings, gardens and lawns serviced by an irrigation system, and a driveway accessed from Madison Avenue providing parking for six vehicles, along with an outdoor storage shed and a beach chair box. The property is equipped with a security and fire alarm system, individual electric and gas meters, and hot water heating consisting of a natural gas-fired hot water boiler in the basement supplying radiators throughout, with three domestic hot water heaters also located in the basement. Alternate configurations include conversion to a single-family home, condominium conversion to five units, or rental of all five units.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 10 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 5,028 SF
- Lot area
- 0.27 ac
- Year built
- 1875
- Stories
- 3
- APN
- 02 01094-0000-00014
- Zoning
- R-3
- Assessed value · 2023
- $964,900
- Annual tax · 2022
- $9,958
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2022
- $9,958
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Cape May market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Location Insight
- Alternative use
- Local Zoning Insight
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