Property Attributes
- MLS#NJCM2007936
- TypeSingle Family
- Listing Status ACTIVE
- CountyCAPE MAY
- CityOcean City
- AreaOcean City City
- NeighborhoodNone Available
- Zip08226
- StyleCoastal
- Year Built2017
- Taxes$ 7792
- Price$ 1,675,000
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1650
- Lot Size0.11 Acres
Data Source:
Bright MLS
Property Description
2027 RENTALS ALREADY OVER $68,000 ON THE BOOKS! Welcome to 840 Wesley Avenue, a beautifully maintained 2017-built first-floor condo located in the heart of downtown Ocean City, NJ. This proven rental property has consistently generated approximately $112,000$114,000+ in annual rental income for the past seven years, with over $110,000 booked for 2026 and already more than $68,000 booked for 2027. Featuring 5 bedrooms and 3 full bathrooms, the home also includes a bonus ground-level cabana room that has been transformed into a fun and functional hangout space with games and TVperfect for larger families and groups. Enjoy two private outdoor spaces, including a spacious front patio and a second patio off the primary bedroom, plus a large private outdoor shower on the ground level for rinsing off after a day at the beach. Additional stone has been added to the driveway to increase parking capacityan especially valuable feature in downtown Ocean City. Offered fully furnished, less personal items, and complete with vacation-ready extras including beach chairs, boogie boards, beach carts, bicycles, and a BBQ grill. Located close to the beach, Boardwalk, Asbury Avenue shopping, restaurants, and entertainment, this property offers an ideal combination of location, comfort, and proven rental performance. Whether youre looking for a strong investment property or your own Ocean City getaway with substantial rental income potential, 840 Wesley Avenue is a turnkey opportunity ready for its next owner. Take over and start collecting the income!
| Price History | |
|---|---|
| 10/12/2026 | Listed $1,675,000 |
General Features
| Living Area | 1650 |
|---|---|
| Sewer | Public Sewer |
| Heating | 90% Forced Air |
| Cooling | Central A/C |
| Possession | Subject to Existing Lease |
| Zoning | RESIDENTIAL |
| Garage Spaces | 1.00 |
| Association Fee Includes | None |
| Patio/Porch Features | Balconies- Multiple |
| Architectural Style | Coastal |
| Construction Materials | Brick Veneer,Vinyl Siding |
| School District | OCEAN CITY SCHOOLS |
| Exclusions | personal items |
| Year Built | 2017 |
| Levels | 2 |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | CAPE MAY |
| New Construction | No |
| Property Type | Residential |
| Association Amenities | None |
| HOA | No |
| Subdivision Name | NONE AVAILABLE |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Total Rooms | 10 |
| Full Baths | 3 |
| Status | ACTIVE |
| Directions | over 9th street bridge,make a left on Wesley |
| City | OCEAN CITY |
| Body of Water | Ocean City |
| Senior Community Y/N | No |
| MLS Area | Ocean City City (20508) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 4792.00 |
| Tax Assessed Value | 671800.0 |
| Tax Annual Amount | 7792.0 |
| Structure Type | Other |
| Condo/Coop Association fee Y/N | No |
| Bathrooms Full Main Level | 3 |
| Bathrooms Count Main Level | 3.00 |
| Price Per Sq Ft Total AG | 1015.15 |
| Historic Y/N | No |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | Yes |
| Total SQFT | 1650 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 00017 06 |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Total Fireplaces | 1 |
| Hot Water | Natural Gas |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Above Grade Finished Area | 1650 |
| Central Air Y/N | Yes |
| Total Bedrooms | 5 |
| Main Level Bedrooms | 5 |
| Below Grade Finished Area Unit Type | Square Feet |
| LivingAreaSource | Assessor |
| Below Grade Unfin Area Units | Square Feet |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 3 |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Inclusions | fully furnished |
| Total Parking Spaces | 2 |
| Garage Features | Garage - Front Entry,Garage Door Opener |
| Type of Parking | Attached Garage,Driveway |
| Spa | No |
| Water View Y/N | No |
| Lot Size Acres | 0.11 |
| Water Body Type | Ocean |
| Lot Size Source | Estimated |
| Waterfront Y/N | No |
| Horse Y/N | No |
| Land Assessed Value | 248800.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | Yes |
| # of Attached Garage Spaces | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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