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406 E Magnolia Avenue, Wildwood, NJ 08260

$920,000

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Sold Price: $920,000
List Price: $995,000
Closing Date: Mar 16, 2026
MLS#: 243149
Year Built: 1933
Region: Wildwood
City: Wildwood

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Property Description

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!

609-281-5296

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Additional Information

Dom: 510
Taxes: $8,300
Cooling: Wall Air Conditioning
Heating: No Heating
Exterior Features: Patio, Porch, Security Camera
Sewer: City
Water: City