816 Wesley Ave Ocean City, NJ $ 3,195,000
816 Wesley Ave
$ 3,195,000
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816 Wesley Ave

Ocean City, NJ, 08226
$ 3,195,000
Baths0.0 Sq 5,694

Monthly Estimate*

$ 19,672

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Studio

Multi-Family Home for sale in Ocean City, NJ

for $3,195,000. This home is 5,694 square feet.

The Painted Lady, built in 1891, is truly one of a kind and an iconic part of Ocean City’s historic charm. This stunning Victorian single-family home, also known as The Thomas S. Simmons House, offers over 5,600 square feet of living space and was thoughtfully restored in 2019 while preserving its timeless character and elegance. The main home features 6 bedrooms, including a beautiful primary suite, and 3.5 baths. A spacious, cozy wraparound front porch — one of the finest in Ocean City — welcomes you into a formal entry showcasing the home’s exquisite vintage craftsmanship, including extensive woodwork, original fixtures, a grand staircase, hardwood floors, glass doorknobs, and classic switch plates. The interior is tastefully appointed with a blend of historic charm and modern comfort, featuring an updated eat-in kitchen with stainless steel appliances, granite countertops, a large center island, formal dining room, elegant parlor with piano, office, and beautifully remodeled baths with custom tile, elevated granite-top vanities, and glass-enclosed showers. Additional highlights include gas hot water baseboard heat, all-new electric, a tankless water heater, newer windows, and more. One of the property’s rarest features is the large, shaded outdoor entertaining area complete with a paved patio perfect for barbecuing, dining, and relaxing, along with a 2-car paver driveway and enclosed outdoor shower. Bonus for investors: the property also includes five additional apartments consisting of Rear Duplex G1 with 1 bedroom and 1 bath, G2 with 3 bedrooms and 1.5 baths, Apartment A with 2 bedrooms and 1 bath, Apartment B with 1 bedroom and 1 bath, and Apartment C, an efficiency unit. Attached to the listing is the current rental information for all six units. Potential seasonal rental income exceeds $150,000 annually. Historic charm, an unbeatable location just moments from the beach, boardwalk, and downtown, plus exceptional rental income potential! See you at The Painted Lady!

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Multi-Family Active

Price

$ 3,195,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

4 - 10 Units

Town/City

Ocean City

County/Region

Cape May

MLS | Web ID

608134

Features
Exterior
Exterior Vinyl
Driveway Concrete
Lot 16
Lot Dimensions 44 X 120
Separate Meters Cable TV Electric Gas
Storms/Screens Insulated Glass Screens
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General
Water Public
Sewer Public Sewer
Heating Forced Air Gas-Natural Hot Water See Remarks
Appliances Dryer Gas Stove Refrigerator Self Cleaning Oven Washer
Status Active Active
Other Rooms Dining Room Great Room Kitchen Laundry/Utility Rm Living Room
Water Heater Tankless-gas
Class MULTI-FAMILY
Type 4 - 10 Units
Tax Year 2025
Garage None
Status Detail 0
Waterfront No
Area Ocean City/Central
Location See Remarks Boardwalk Area
Taxes 6777
Adult Community/55+: Y/N 0
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Interior
Basement Slab
# of Units 6
Air Conditioning Ceiling Fan(s) Central
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* Excluded Features
List By
Bhhs Fox And Roach-Simpson Oc

Broker

Affordability Calculator

$19,672
Per Month
100%
0%
0%
Monthly Principal & Interest
$19,672
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760537 Elementary School
760538 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/22/2026$3,195,000 Listed Price

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816 Wesley Ave, Ocean City, NJ, 08226 is a Multi-Family Home for sale at $3,195,000 with 5,694 sqft. 816 Wesley Ave is a studio with 0.0 baths. The property's zip code is 08226 which is in Ocean City, NJ