Located in the Wildwood redevelopment zone with endless possibilities for investment and tax incentives as well. This is the golden opportunity that only comes around once in a blue moon!! This 5 unit rental machine on the beach block, steps from the famous Wildwood Boardwalk, has everything you're looking for in an investment property. The potential here for current J1 rentals, or air bnb, condo conversion.....this gem has it all. Multiple units allow for the owners to do as they please and reap the financial benefits of this beach block beauty. Bolstering a 5 unit with individual full kitchens, 12 bedrooms, 6 baths, updated tile, high efficiency instant hot water heater, and lots of potential...... Come get a look at this property while it lasts!
Sold for $920,000
$920,000
406 E Magnolia Ave, Wildwood, NJ 08260
14beds
3,000sqft
Multi Family
Built in 1933
-- sqft lot
$-- Zestimate®
$307/sqft
$2,121 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,121/mo
Zestimate® history
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Rent Zestimate®
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$5,817/mo
Est. payment
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List your homeWhat's special
Beach blockUpdated tileIndividual full kitchens
Zillow last checked:
Listing updated:
Listed by:
Bradley Lemma 702-695-1646,
SEA ISLE REALTY
Bought with:
Bradley Lemma, 2187952
SEA ISLE REALTY
Source: CMCAOR,MLS#: 243149
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 6
- Full bathrooms: 6
Heating
- None
Cooling
- Wall Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Basement: Crawl Space
- Furnished: Yes
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Features
- Patio & porch: Patio, Porch
Lot
- Size: 2,300 Square Feet
- Dimensions: 2300
- Features: Beach Block
Details
- Parcel number: 1400229000000025
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1933
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Location
- Region: Wildwood
Financial & listing details
- Price per square foot: $307/sqft
- Tax assessed value: $279,000
- Annual tax amount: $8,300
- Date on market: 7/23/2025
- Listing terms: Conventional
- Inclusions: Furniture
- Total actual rent: 10000
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Sold | $920,000-7.5%$307/sqft |
Source:  CMCAOR #243149 Report a problem | ||
| 12/28/2025 | Contingent | $995,000$332/sqft |
Source: CMCAOR #243149 Report a problem | ||
| 8/23/2025 | Price change | $995,000-9.5%$332/sqft |
Source: CMCAOR #243149 Report a problem | ||
| 7/23/2025 | Listed for sale | $1,099,000$366/sqft |
Source: CMCAOR #243149 Report a problem | ||
| 4/3/2025 | Listing removed | $1,099,000$366/sqft |
Source: CMCAOR #243149 Report a problem | ||
| 11/7/2024 | Price change | $1,099,000-7.3%$366/sqft |
Source: CMCAOR #243149 Report a problem | ||
| 10/22/2024 | Listed for sale | $1,185,000+137%$395/sqft |
Source: CMCAOR #243149 Report a problem | ||
| 1/20/2022 | Sold | $500,000+53.8%$167/sqft |
Source: Public Record Report a problem | ||
| 12/3/2003 | Sold | $325,000+311.4%$108/sqft |
Source: Public Record Report a problem | ||
| 1/8/1999 | Sold | $79,000+5.3%$26/sqft |
Source: Public Record Report a problem | ||
| 3/31/1997 | Sold | $75,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,373 | $279,000 |
| 2024 | $8,373 +2.5% | $279,000 |
| 2023 | $8,172 +6.3% | $279,000 |
| 2022 | $7,686 +2.4% | $279,000 |
| 2021 | $7,505 +3.7% | $279,000 |
| 2020 | $7,237 +3.8% | $279,000 |
| 2019 | $6,972 | $279,000 |
| 2018 | $6,972 +7.5% | $279,000 |
| 2017 | $6,484 +1.6% | $279,000 |
| 2016 | $6,381 +1.2% | $279,000 |
| 2015 | $6,305 +8.2% | $279,000 |
| 2014 | $5,826 +4% | $279,000 -5.6% |
| 2012 | $5,602 -14% | $295,600 |
| 2011 | $6,516 +0.2% | $295,600 -16.8% |
| 2010 | $6,506 +10.5% | $355,300 |
| 2009 | $5,887 +6.9% | $355,300 |
| 2008 | $5,507 +2.6% | $355,300 |
| 2007 | $5,365 | $355,300 |
| 2006 | -- | $355,300 |
| 2005 | -- | $355,300 +246.6% |
| 2004 | $3,516 | $102,500 |
| 2003 | -- | $102,500 |
| 2002 | -- | $102,500 +11.4% |
| 2001 | -- | $92,000 |
Find assessor info on the county website
Neighborhood: 08260
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Nearby schools
GreatSchools rating
- 3/10Glenwood Ave Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 3/10Wildwood Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Wildwood High SchoolGrades: 9-12Distance: 0.7 mi
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- New Jersey
- Cape May County
- Wildwood
- 08260
- 406 E Magnolia Ave
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