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115-117 W Poplar Avenue, Wildwood, NJ - ACTIVE

For Sale: $1,499,000
MLS: 260794     Beds: 11     Baths: 7     Half Baths: 7     Type: Apartment    Lot: 1 to 6000 SqFt     Taxes: $9779     DOM: 21

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115-117 W Poplar Avenue - Picture 1

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.
PROPERTY FEATURES & AMENITIES
  • Patio   
  • Deck   
  • Enclosed/Cov. Patio   
  • Porch   
  • Fenced Yard   
  • Cable TV   
  • Sidewalks   
  • Outside Shower   
  • Living Room   
  • Dining Room   
  • Kitchen   
  • Eat In Kitchen   
  • Dining Area   
  • Laundry/Utility Room   
  • Workshop   
  • Storage Space   
  • Heating:Electric   
  • Heating:Baseboard   
  • Heating:Multi-Zoned   
  • Heater:Electric  
  • Conventional  
  • Other Financing  
  • Cooling:Electric  
  • Cooling:Ceiling Fan  
  • Cooling:Multi Zoned  
  • City  
PROPERTY MAP & AERIAL VIEW
Last Database Update: 02/13/2023
ADDITIONAL PROPERTY PICTURES

Request Property Information - 115-117 W Poplar Avenue, Wildwood NJ

11 Bedroom(s)   |    7 Bathroom(s)   |    For Sale: $1,499,000   |    MLS Number: 260794   |    Property Type: Apartment
Provided by: J&J Coastal Luxury Homes - www.jjcoastalhomes.com

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Let J&J COASTAL LUXURY HOMES be your buyer's agent for this listing. LISTING IS PROVIDED BY BERKSHIRE HATHAWAY HS FOX & ROACH sic. 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.
J&J Coastal Luxury Homes | The Craig Soens Team | Ferguson Dechert Real Estate
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