717 Washington Street

Share this listing

Pre-formatted captions, a short link, and a QR code β€” ready to paste.

Share image
Sized for LinkedIn Β· 1200Γ—627 β€” matches the caption above.
Rendering preview…

717 Washington Street

Cape May, NJ 08204-2330
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Cape May, New Jersey
  • Asset features five distinct residential rental units
  • Strategically situated at 717 Washington Street in the 08204 ZIP code
  • Ideal candidate for residential portfolio expansion or income generation
  • Located within a prominent and established coastal regional market

What's Special

This multifamily apartment building contains five residential units and is positioned at 717 Washington Street in Cape May, New Jersey. The property provides a stable investment vehicle within a popular coastal destination known for its historic charm and active tourism economy. Investors frequently seek assets of this scale in the 08204 ZIP code to capture consistent rental demand driven by both long-term residents and seasonal workers associated with the local hospitality industry. Given the layout and unit count, the building is well-suited for a portfolio addition or a focused value-add strategy intended to maximize yield in a supply-constrained market. Its location within the heart of Cape May ensures proximity to essential community services and the established transit corridors serving the southern New Jersey shoreline. The property represents a manageable asset class for those looking to establish or expand their presence in a high-barrier-to-entry residential market.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates β€” verify with your lender and accountant.

NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times