Wesley Ave-840-842 Wesley Avenue
Ocean City, NJ, 08226 $ 3,425,000
Bedrooms-- Baths0.0 Monthly Estimate*
$ 23,656
for $3,425,000. This home was built in 2017 on a lot size of 0.11.
RARE OPPORTUNITY TO OWN THE ENTIRE DUPLEX 2027 RENTALS ALREADY OVER $127,000 ON THE BOOKS! Welcome to 840 & 842 Wesley Avenue, an incredible opportunity to own both units of this beautifully maintained, 2017-built duplex in the heart of downtown Ocean City, NJ. Offering a combined 10 bedrooms, 6 full bathrooms, plus additional ground-level recreation space, this property is perfectly positioned as a high-performing investment, large family compound, or a combination of both. These properties have an outstanding and proven rental history, consistently generating strong annual income year after year. Even better, 2027 rentals are already over $127,000 on the books, giving the new owner the opportunity to step into an established rental business with significant future income already secured. Each unit features 5 bedrooms and 3 full baths, spacious living areas, outdoor space, private ground-level outdoor showers, and thoughtful amenities designed specifically with the Ocean City vacationer in mind. The first-floor unit at 840 Wesley includes a bonus ground-level cabana room that has been transformed into the perfect additional hangout space with games and TV. It also offers two private outdoor areas, including a front patio and another off the primary bedroom. The second-floor unit at 842 Wesley offers additional ground-level recreation space and the convenience of a private elevator from the ground level to the second floor. Once inside, the spacious single-level layout makes the unit especially convenient for guests. The property also features multiple decks, generous sleeping accommodations, and plenty of room for larger families and groups. One of the most unique advantages of owning both units is the ability to use or rent them individually or together, creating tremendous flexibility for large family gatherings, reunions, multi-generational vacations, and larger rental groups. Parking has also been enhanced with additional stone added to increase capacityan extremely valuable feature in downtown Ocean City. Both units are being offered fully furnished, less personal items, and include many of the extras vacationers appreciate, such as beach chairs, boogie boards, beach carts, bicycles, BBQ grills, and more. Located just blocks from the beach, Boardwalk, downtown Asbury Avenue shopping, restaurants, entertainment, and everything Ocean City has to offer, this is a truly turnkey opportunity. Whether you are looking for a substantial income-producing investment, a family compound at the Shore, or the flexibility to use one unit while renting the other, 840 & 842 Wesley Avenue offers possibilities that are extremely difficult to duplicate. Two units. 10 bedrooms. 6 bathrooms. Proven rental history. Over $127,000 already booked for 2027. Take over and start collecting the income! This is a rare downtown Ocean City investment opportunityschedule your private showing today!
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FeaturesGeneralLiving Area 3372
Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Possession Subject to Existing Lease
Zoning RESIDENTIAL
Garage Spaces 5.00
Architectural Style Coastal
Construction Materials Brick Veneer Vinyl Siding
School District OCEAN CITY SCHOOLS
Year Built 2017
Property Subtype Duplex
Tax Year 2024
Ownership Fee Simple
Cool Fuel Electric
Municipality OCEAN CITY CITY
Accessibility None
County CAPE MAY
New Construction N
Property Type Multi-Family
Subdivision Name NONE AVAILABLE
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions over 9th street bridge make a left on Wesley. On the corner
City OCEAN CITY
Number Of Units Total 2
MLS Area Ocean City City (20508)
Lot Size Units Square Feet
Lot Size Square Feet 4800.03
Tax Annual Amount 15512.0
Two Bedroom 0
Structure Type Other
Price Per Sq Ft Total AG 1015.72
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
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InteriorHeating Fuel Natural Gas
Total Fireplaces 1
Hot Water Natural Gas
Furnished Units All
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N Y
Central Air Y/N Y
Number of Elevators 1
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ExteriorPool No Pool
Water Source Public
Garage Features Other
Type of Parking Driveway Parking Garage
Water View Y/N N
Lot Dimensions 40.00 x 0.00
Lot Size Acres 0.11
Lot Size Source Estimated
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByRealty Mark AdvantageBroker
missynallen@comcast.netEmail
Affordability Calculator
- Monthly Principal & Interest
- $23,656
- Monthly Property Taxes
- $1,293
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Ocean City, NJ
Average List Price $3,369,913
Percent of Sale Price 2%
About Ocean City, NJ 11,772 Population
-23% Since 2002
$ 66,936 Median Income
55.21 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
3536185 Elementary School
3534589 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/12/2026 | $3,425,000 | | Listed Price |