Fantastic opportunity to own a versatile 3 unit residential property offering great cash flow potential! The property features a 2 bedroom, 1 bath single-family home with its own private parking area and fenced-in yard, providing excellent privacy and comfort for tenants. A separate dwelling includes two additional apartments one 2 bedroom, 1 bath unit and one 1 bedroom, 1 bath unit each with individual parking and separate entrances. Whether you’re looking to expand your investment portfolio or live in one unit while renting out the others, this property offers flexibility, strong rental income potential, and long-term value.
Sold for $270,000
$270,000
38 Cape May Ave, Dorothy, NJ 08317
5beds
3baths
2,763sqft
Triplex
Built in 1946
-- sqft lot
$-- Zestimate®
$98/sqft
$2,036 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,036/mo
Zestimate® history
Owner options
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$1,932/mo
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Zillow last checked:
Listing updated:
Listed by:
Frank Punzi 609-234-5329,
EXP Realty, LLC,
Co-Listing Agent: Samuel Punzi 609-784-5201,
EXP Realty, LLC
Bought with:
John Rinick, 1865546
Prime Realty Partners
Source: Bright MLS,MLS#: NJAC2021250
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Wall Unit(s), Electric, Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Dry Wall
- Flooring: Luxury Vinyl, Ceramic Tile
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,763
- Total interior livable area: 2,763 sqft
Property
Parking
- Total spaces: 6
- Parking features: Crushed Stone, Driveway
- Uncovered spaces: 6
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 5 Acres
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 230000700035
- Zoning: PVR
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Triplex
Materials
- Concrete, Wood Siding
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- Average
- New construction: No
- Year built: 1946
Utilities & green energy
- Electric: 150 Amps
- Sewer: On Site Septic
- Water: Well
- Utilities for property: Propane, Cable
Community & HOA
Location
- Region: Dorothy
- Municipality: WEYMOUTH TWP
Financial & listing details
- Price per square foot: $98/sqft
- Tax assessed value: $172,800
- Annual tax amount: $4,887
- Date on market: 10/10/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,USDA Loan,VA Loan,FHA 203(k)
- Ownership: Fee Simple
- Total actual rent: 35280
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Listing removed | $325,000+20.4%$118/sqft |
Source: eXp Realty #253071 Report a problem | ||
| 1/28/2026 | Sold | $270,000-16.9%$98/sqft |
Source:  Bright MLS #NJAC2021250 Report a problem | ||
| 11/10/2025 | Contingent | $325,000$118/sqft |
Source:  CMCAOR #253071 Report a problem | ||
| 10/11/2025 | Listed for sale | $325,000+40.4%$118/sqft |
Source: Bright MLS #NJAC2021250 Report a problem | ||
| 2/14/2024 | Sold | $231,460+46192%$84/sqft |
Source: Public Record Report a problem | ||
| 5/18/2012 | Sold | $500-99.6% |
Source: Public Record Report a problem | ||
| 7/24/2001 | Sold | $135,000$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,749 | $172,800 |
| 2024 | $4,749 -1.2% | $172,800 |
| 2023 | $4,806 +2.3% | $172,800 |
| 2022 | $4,698 +3% | $172,800 |
| 2021 | $4,562 +3% | $172,800 |
| 2020 | $4,429 +1.4% | $172,800 |
| 2019 | $4,367 | $172,800 |
| 2018 | $4,367 -0.5% | $172,800 |
| 2017 | $4,387 +9% | $172,800 |
| 2016 | $4,025 +11.6% | $172,800 |
| 2015 | $3,607 +1.9% | $172,800 +72.1% |
| 2014 | $3,541 +6.4% | $100,400 |
| 2012 | $3,328 +2.7% | $100,400 |
| 2011 | $3,242 +6.7% | $100,400 |
| 2010 | $3,037 +7% | $100,400 |
| 2009 | $2,839 +2.6% | $100,400 |
| 2008 | $2,767 +2.3% | $100,400 |
| 2007 | $2,706 | $100,400 |
| 2006 | -- | $100,400 |
| 2005 | -- | $100,400 |
| 2004 | -- | $100,400 |
| 2003 | -- | $100,400 |
| 2002 | -- | $100,400 |
| 2001 | -- | $100,400 |
Find assessor info on the county website
Neighborhood: 08317
Nearby homes
- $308,100-- bd-- ba1.3k sqft36 Cape May Ave, Dorothy, NJ 08317Off Market
- $457,400-- bd-- ba2.6k sqft40 Cape May Ave, Dorothy, NJ 08317Off Market
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- $430,600-- bd-- ba2.9k sqft30 Cape May Ave, Dorothy, NJ 08317Off Market
Nearby schools
GreatSchools rating
- 6/10Weymouth Twp Elementary SchoolGrades: PK-8Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Weymouth Township E.s.
- Middle: Weymouth Township
- District: Weymouth Township Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- New Jersey
- Atlantic County
- Dorothy
- 08317
- 38 Cape May Ave
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