Close

OPEN HOUSE - MEDITERRANEAN CONDOMINIUMS
405 OCEAN AVENUE, UNIT 206, NORTH WILDWOOD
MAY 31ST 2025 FROM 11 AM TO 1 PM - MORE INFORMATION!
Don Martin Realty - Vacation Rentals and Real Estate Menu
BACK TO SEARCH RESULTS
2910 Ocean Avenue, Wildwood, NJ - Active
For Sale: $1,369,000
Beds: 0     Baths: 0
Type: Mixed Use
    Lot: 5401     DOM: 26 Days
REQUEST PROPERTY INFORMATION
PROPERTY DESCRIPTION
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.
FEATURES
  • Patio 
  • Deck 
  • Living Room 
  • Kitchen 
  • Eat In Kitchen 
  • Pantry 
  • Heating:Electric 
  • Assigned Parking 
  • Concrete Driveway 
  • Heater:Electric 
  • Cooling:Other 
MAP / LOCATION
Last Database Update: //06/02/2026 04:15:10
ADDITIONAL PROPERTY PICTURES

Request Property Information - 2910 Ocean Avenue, Wildwood NJ

0 Bedroom(s)   |    0 Bathroom(s)   |    For Sale: $1,369,000   |   MLS Number: 261237  |
   Property Type: Mixed Use
Provided by: Don Martin Realty - www.donmartinrealty.com
(Information Above Will Appear at the Top of the Email that is Sent to Don Martin Realty)
SUBMIT
Let Don Martin Realty be your buyer agent for this listing. Listing is provided by DON MARTIN REALTY, INC. 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.
Don Martin Realty - Summer Vacation Rentals and Real Estate in Wildwood New Jersey
Vacation Rentals: 609-522-3366
Sales / Real Estate: 609-729-8855
421 W. Spruce Avenue, North Wildwood
Facebook YouTube Twitter Instagram
© Don Martin Realty / Don Martin Vacation Rentals - All Rights Reserved.
Specializing in Vacation Rentals & Real Estate Properties in
North Wildwood, Wildwood, Wildwood Crest & Diamond Beach New Jersey.
Web Site Designed By: Square 1 Design  |  Site Map