217-221 E BURK AVENUEWILDWOOD, NJ 08260

Multi-Family · 6,000 Sq. ft. | 0.18 Acres
$2,295,000 ACTIVE

217-221 E BURK AVENUE Overview

Time on Site:
84 days
Visits:
0

Builders, investors, and operators—don't miss this rare opportunity to acquire a 9-unit condo portfolio in the heart of Wildwood, NJ, being offered as a package deal along with a buildable lot. This unique offering includes nine individually deeded condominium units, consisting of eight 2-bedroom, 1-bath units and one spacious rear cottage featuring 1 bedroom and 1 bath. The additional lot, currently utilized as parking for tenants, is large enough to accommodate the construction of one or two homes, similar to the neighboring properties at 223 and 225. The entire property has undergone extensive renovations within the past year and a half, and the heavy lifting has already been completed, including the full rehab, condo conversion, elevation certificate, and more. All units are currently operating as short-term summer rentals and continue to take reservations, offering immediate income potential. Ideally located just blocks from the beach, boardwalk, and Convention Center, this property sits in one of Wildwood's most desirable rental zones. A truly unique investment opportunity combining strong current cash flow with future development upside.

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217-221 E BURK AVENUE Facts & Features

  • Type Multi-Family
  • Sq. ft. 6,000
  • Price/Sq.ft. $382
  • Lot 0.18 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 6000
  • Year Built: 1960

Location/Region

  • Country: US
  • County: CAPE MAY
  • County Or Parish: CAPE MAY
  • MLS Area Major: Wildwood City (20514)
  • Subdivision Name: WILDWOOD

Parking Information

  • Type of Parking: Parking Lot,On Street

Tax Information

  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • Tax Annual Amount: $31,148.60
  • Tax Assessed Value: 114700.00
  • Tax Year: 2025

General Information

  • Inclusions: All furniture
  • Property Condition: Excellent,Very Good,Good
  • Property Sub Type: Other
  • Property Type: Multi-Family
  • School District Name: WILDWOOD CITY SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: PARZ

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Electric

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Detached

Building Interior

  • Above Grade Finished Area: 6000
  • Above Grade Finished Area Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Estimated
  • Below Grade Finished Area Units: Square Feet
  • Central Air: No
  • Hot Water: Electric

General Information

  • Accessibility Features: None
  • Basement: No
  • Cooling: Ductless/Mini-Split
  • Fireplace: No
  • Foundation Details: Slab
  • Living Area: 6000
  • Living Area Source: Estimated
  • Units Furnished: All

Unit Information

  • One Bedroom Units Count: 1
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 0
  • Two Bedroom Units Count: 8

Exterior

Lot Information

  • Lot Dimensions Source: Estimated
  • Lot Features: Additional Lot(s)
  • Lot Size Acres: 0.18
  • Lot Size Dimensions: 80.00 x 100.00
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 8000.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Coastal
  • Construction Materials: Block, CPVC/PVC, Frame, Glass, Vinyl Siding
  • Roof: Flat

General Information

  • Number Of Units Total: 1
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

217-221 E BURK AVENUE Neighborhood

Community

08260 (North Wildwood) Demographics

57
Median Age
506
Population Density (per sq. mile)
36%
College Educated
$55,551
Estimated Median Income
4,204
Estimated Total Home Owners
2,047
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

217-221 E BURK AVENUE Monthly Cost

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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

217-221 E BURK AVENUE Market Data

Based on the last 30 days in this zip code

$937,875
Average List Price
$569
Average Price per Square Foot
10
Properties Sold
118
Average Days on Market
62
Properties for Sale
Calculations provided by Reliance Network

217-221 E BURK AVENUE History

Date Event Value Agent
5/20/2026Source: BRIGHT MLS Price Reduction
$2,295,000 -4.2%
4/6/2026Source: BRIGHT MLS Added to Database
April 06, 2026
Listing provided courtesy of Prime Realty Partners- MLS# NJCM2007082MLS ProviderContact Information: [email protected] - 8562103000