933 Washington Str

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

933 Washington Str

Cape May, NJ 08204
Asking Price
$2.83M
Asset Type
Multifamily
Class
Class B

What's Special

933 Washington Street is situated in the historic heart of Cape May, New Jersey, characterized by its preserved Victorian architecture and tree-lined streets. The property is located directly across from the Emlen Physick Estate and is within walking distance of the Washington Street Mall, local boutiques, and various dining establishments. The Atlantic Ocean beaches are approximately one mile away. Regional transportation is accessible via the nearby Garden State Parkway and the Cape May-Lewes Ferry, while the immediate area is highly pedestrian and bicycle-friendly. The property is suited for multifamily residential use, offering proximity to both the historic district’s employment centers and seaside recreational amenities. Potential tenant profiles include year-round residents seeking a central location, local professionals working in the hospitality or tourism sectors, and seasonal occupants. The asset’s configuration supports long-term occupancy or short-term coastal lodging, depending on local zoning compliance. The neighborhood’s established residential character caters to individuals looking for a quiet environment with immediate access to municipal services and cultural landmarks.

Free Valuation Calculator

No login required

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

NOI
$80,000
Cap Rate
2.82%
DSCR
0.48
Underwater
Cash-on-Cash
-10.38%
Monthly Payment
$14,026.033
Annual Cash Flow
$-88,312.398

Location & Travel Times