115-117 W Poplar Avenue, Wildwood - ACTIVE

For Sale: $1,499,000
MLS: 260794       Beds: 11       Baths: 7       Type: Apartment       DOM: 21 Days

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   Heat Fuel:Electric   Heat Fuel:Baseboard   Heat Fuel:Multi-Zoned   Water Heater:Electric   Conventional   Other Financing   Basement:Crawl Space,Slab   Assigned Parking   Concrete Driveway   Shared Driveway   Cooling:Electric   Cooling:Ceiling Fan   Cooling:Multi Zoned   City

PROPERTY MAP VIEW

Last Database Update: 04/19/2026 03:30:28

Request Property Information - 115-117 W Poplar Avenue, Wildwood 11 Bedroom(s)   |   7 Bathroom(s)   |    For Sale: $1,499,000   |   MLS Number: 260794   |   Property Type: Apartment Provided by: The DiPeso Group - www.dipesogroup.com (Information Above Will Appear At The Top Of The Email That Is Sent to The DiPeso Group)

Let THE DIPESO GROUP be your buyer 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.