Bought with NON MEMBER • Non Subscribing Office
$450,000
$549,900
18.2%For more information regarding the value of a property, please contact us for a free consultation.
2,866 SqFt
SOLD DATE : 04/10/2026
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,866 sqft
Price per Sqft $157
MLS Listing ID NJCM2006466
Sold Date 04/10/26
Style Other
Abv Grd Liv Area 2,866
Year Built 1930
Annual Tax Amount $3,934
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
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
Area West Wildwood Boro (20513)
Zoning R-1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Block
Above Ground Finished SqFt 2866
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Wildwood City Schools
Others
Tax ID 13-00116-0000-00006-01
Ownership Fee Simple
SqFt Source 2866
Special Listing Condition Standard
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