2910 Ocean Avenue, Wildwood, NJ 08260
Local realty services provided by:CENTURY 21 Affiliated
2910 Ocean Avenue,Wildwood, NJ 08260
$1,369,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: richard martin, julia blackmon
Office: don martin realty, inc
MLS#:261237
Source:NJ_CMCAR
Price summary
- Price:$1,369,000
About this home
Exceptional workforce housing investment opportunity just one block from the beach and boardwalk in one of the Jersey Shore’s most in-demand seasonal employment markets. This 14-bedroom, 11-bath property is fully configured for J1 and seasonal employee housing, offering strong existing cash flow with additional upside potential. The property currently accommodates 42 beds across multiple bunk-style rooms, with the ability to expand to 48 beds to further increase revenue. Designed for efficient high-occupancy operation, the property features secure keypad room entry, a spacious common kitchen and dining area, and a highly functional bathroom layout. The second floor includes 8 private shower stalls and 8 private toilet stalls, while the first floor offers two full bathrooms, plus an additional full bathroom within the 2-bedroom apartment. Current operations generate approximately $139,200 in gross annual income, reflecting a 7.09% cap rate based on current operations. Income is derived from seasonal workforce housing revenue averaging approximately $175 per bed, per week, over a 16-week season, in addition to rental income from the 2-bedroom, 1-bath apartment, which is currently rented for $1,800 per month. Situated on a 60x90 corner lot, the property also features 14 off-street parking spaces and large front porches on both levels, adding to the property’s functionality and appeal for tenants. An outstanding opportunity for investors, operators, or employers seeking a proven income-producing asset with expansion potential in a prime shore location....
Contact an agent
Home facts
- Year built:1938
- Listing ID #:261237
- Added:1 day(s) ago
- Updated:May 07, 2026 at 07:00 PM
Rooms and interior
- Kitchen Description:Eat-in Kitchen, Kitchen
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1938
- Exterior Features:Deck, Patio
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$1,369,000
- Tax amount:$13,101
New listings near 2910 Ocean Avenue
- New
$919,000Active7 beds 3 baths112 E Montgomery Avenue, Wildwood, NJ 08260
MLS# 261239Listed by: COMPASS RE - AVALON DUNE - New
$699,900Active4 beds 3 baths2,208 sq. ft.409 W Oak Ave #A, Wildwood, NJ 08260
MLS# 607517Listed by: COMPASS NEW JERSEY-OCEAN CITY (O463E) - New
$409,900Active4 beds 1 baths1,504 sq. ft.111 W Roberts Avenue, Wildwood, NJ 08260
MLS# 261200Listed by: CABRERA COASTAL REAL ESTATE - New
$799,000Active3 beds 4 baths1,746 sq. ft.323 E Oak Ave #202, Wildwood, NJ 08260
MLS# 607441Listed by: GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY - New
$849,000Active4 beds 3 baths1,741 sq. ft.323 E Oak Ave #101, Wildwood, NJ 08260
MLS# 607442Listed by: GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY - New
$849,000Active4 beds 3 baths1,741 sq. ft.323 E Oak Avenue, Wildwood, NJ 08260
MLS# 261176Listed by: GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY - New
$799,000Active3 beds 3 baths1,746 sq. ft.323 E Oak Avenue, Wildwood, NJ 08260
MLS# 261170Listed by: GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY - New
$569,900Active2 beds 2 baths110 W Garfield Avenue, Wildwood, NJ 08260
MLS# 261171Listed by: CENTURY 21 ALLIANCE WC - New
$529,000Active2 beds 1 baths123 E Leaming Avenue, Wildwood, NJ 08260
MLS# 261173Listed by: CAPE MAY COUNTY REAL ESTATE BROKERS LLC - CH