115-117 W POPLAR, Wildwood, NJ 08260
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115-117 W POPLAR, Wildwood, NJ 08260
115-117 W POPLAR, Wildwood, NJ 08260
115-117 W POPLAR, Wildwood, NJ 08260
115-117 W POPLAR, Wildwood, NJ 08260
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Geraldine Borrell

Geraldine Borrell

+1(347) 933-8306
Listed by Andrew Baus • BHHS Fox & Roach-Washington-Gloucester
$ 1,499,000
Est. payment /mo
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115-117 W POPLAR Wildwood, NJ 08260

5,400 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NJCM2007020

Year Built 1938

Annual Tax Amount $9,779

Tax Year 2025

Lot Size 5,400 Sqft

Acres 0.12

Lot Dimensions 60.00 x 90.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State NJ

County Cape May

Area Wildwood City (20514)

Zoning R-1

Interior

Hot Water Electric

Heating Baseboard - Hot Water, Heat Pump(s)

Cooling Ceiling Fan(s), Window Unit(s)

Flooring Hardwood, Laminate Plank, Carpet, Tile/Brick

Inclusions all appliances in as is condition

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 7.0

Water Access N

Roof Type Architectural Shingle,Flat,Rubber

Accessibility None

Total Parking Spaces 7

Garage N

Building

Foundation Block, Crawl Space, Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Wildwood City Schools

Others

Tax ID 14-00243-00024

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

Bright MLS (BMLS)
Geraldine Borrell

Geraldine Borrell

Sales Agent | License ID: 2075362

+1(347) 933-8306

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115-117 W POPLAR