$450,000
$549,900
18.2%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
2,004 SqFt
SOLD DATE : 04/10/2026
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,004 sqft
Price per Sqft $224
MLS Listing ID 253456
Sold Date 04/10/26
Bedrooms 5
Year Built 1930
Annual Tax Amount $3,934
Tax Year 2024
Lot Dimensions 3,202
Property Sub-Type Duplex
Property Description
Unlock the potential of this income generating, two-story duplex offering tremendous built-in upside. The spacious first-floor unit (960 sq ft) features 3 bedrooms, 1 bath, a large eat-in kitchen, comfortable living room, in-unit laundry, and a 24' x 8' enclosed porch. Currently rented month-to-month at $1,050 with area comps supporting rents around $2,100 after updates. The second-floor unit (906 sq ft) includes 2 bedrooms, 1 bath, a bright eat-in kitchen, and a cozy living room, and is currently occupied by family at no rent, giving new owners full flexibility. Similar units are renting for approximately $1,400 per month. With strong rental demand and a projected stabilized income of $3,500 and up per month once improved, this property offers a clear value-add opportunity through cosmetic and functional upgrades. Whether you choose to live in one unit while renovating the other or bring both to market as high-performing rentals, the cash-flow potential far outweighs the upfront work. This duplex is more than a property; it's a meaningful equity building opportunity ready to be unlocked. Home being conveyed in "As Is" condition.
Location
State NJ
County Cape May County
Area West Wildwood
Zoning R-1
Location Details Cleared Lot,Inside Lot
Rooms
Other Rooms Living Room, Kitchen, Laundry/Utility Room
Interior
Hot Water Gas
Heating Gas Natural
Cooling Wall Air Conditioning
Exterior
Exterior Feature Porch, Cable TV, Sidewalks
Building
Lot Description Cleared Lot, Inside Lot
Sewer City
Water City
New Construction No
Others
Acceptable Financing Conventional, Veterans ADM
Listing Terms Conventional, Veterans ADM
Financing Conventional,Veterans ADM
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Bought with CAPE ISLANDS REALTY, LLC
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