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2910 Ocean Avenue

Wildwood, NJ 08260
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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 additi onal 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,369,000

AD Id : 78213938

MLS Id : 261237

Year Built : 1938

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Feature Features

  • Interior Features

    Pantry Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric

  • Building Information

    Year Built: 1938 Patio And Porch Features: Deck, Patio Private Pool: No

  • Lot Information

    Lot Description: Corner Lot

  • Listing Price Information

    Listing Price: $1369000

  • Tax Information

    Tax Lot: 15 Tax Year: 2025 Annual Tax: $13101

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
113 W 6th Avenue, North Wildwood, NJ, 08260 $1,199,900 5 4 3,181 3,181 SqFt
408 Illinois Avenue, Wildwood, NJ, 08260 $1,499,900 4 3 2,744 2,744 SqFt
108 E 17th Avenue, Wildwood, NJ, 08260 $969,900 3 2 2,104 2,104 SqFt
320 E 26th Avenue #1, Wildwood, NJ, 08260 $999,000 3 2 1,500 1,500 SqFt
403 E Glenwood Avenue #13, Wildwood, NJ, 08260 $699,224 3 2 1,469 1,469 SqFt
403 E Glenwood Avenue #15, Wildwood, NJ, 08260 $649,224 2 2 1,469 1,469 SqFt
403 E Glenwood Avenue #14, Wildwood, NJ, 08260 $799,224 3 2 1,469 1,469 SqFt
233 E Juniper Avenue #4, Wildwood, NJ, 08260 $400,000 2 1 --
233 E Juniper Avenue #8, Wildwood, NJ, 08260 $229,000 -- 1 --
1803 New York Avenue, Wildwood, NJ, 08260 $815,000 3 2 920 920 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Cape May County MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Cape May County Association of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 06/08/2026 @ 01:43

MLS: 261237 LISTED BY: Richard Martin, DON MARTIN REALTY, INC 609-729-8855 SOURCE: Cape May County Association of REALTORS

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