Coldwell Banker
James C. Otton Real Estate, Inc.
115-117 Poplar, Wildwood, NJ, 082600 Beds / 0 Baths
$1,499,000.00
Wildwood, New Jersey
Additional Information
Rare opportunity to acquire a 7-unit multifamily property across two separate buildings in the heart of Wildwood. This unique offering includes five 1-bedroom apartments and two spacious 3-bedroom condo-style units, providing a strong mix of rental options appealing to both seasonal and year-round tenants. Both buildings are in excellent exterior condition and feature recently installed new roofs, minimizing immediate capital expenses. The property also includes on-site laundry, adding convenience for tenants and additional income potential. While the interiors could benefit from cosmetic updates, this presents a significant value-add opportunity for investors to modernize units and substantially increase rental income. With the current price point of $1.499M, there is clear upside through strategic renovations, improved management, and potential repositioning for higher-end seasonal or annual rentals. Located in a high-demand shore market with strong rental activity, this property offers both immediate income and long-term appreciation potential. Ideal for investors looking to capitalize on upside while owning a well-maintained asset in a prime coastal location.
Map
Features
| Total Rooms | Bedrooms | 0 | |
| Full Bath | 0 | Half Bath | 0 |
| # of Stories | Lot Dimensions | 60-x90 | |
| Year Build | 1935 | # Units | 7 |
| Lot Size | 1 to 6000 SqFt | Tax Year | 2025 |
| Tax | 9779.00 | Area | Wildwood |
| SQFT | |||
| OutsideFeatures | Patio, Deck, Enclosed/Cov. Patio, Porch, Fenced Yard, Cable TV, Sidewalks, Outside Shower | ParkingGarage | Assigned Parking, Concrete Driveway, Shared Driveway |
| OtherRooms | Living Room, Dining Room, Kitchen, Eat In Kitchen, Dining Area, Laundry/Utility Room, Workshop, Storage Space | AlsoIncluded | Partial Furniture |
| Basement | Crawl Space, Slab | Heating | Electric, Baseboard, Multi-Zoned |
| Cooling | Electric, Ceiling Fan, Multi Zoned | HotWater | Electric |
| Water | City | Sewer | City |
Listing Courtesy of BERKSHIRE HATHAWAY HS FOX & ROACH sic.Let Coldwell Banker James C Otton Real Estate be your buyer's agent for this listing. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
