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806 Delancey Pl , Ocean City, NJ 08226
$1,400,000
Est. Payment: $7,560.02/mo
5 Bed
3 Bath
1565 Sqft
0.03 Acres
Status: active | Days on site: 9
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61060 - 3168678
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House Description

CALLING ALL CONTRACTORS AND INVESTORS - RARE INVESTMENT OPPORTUNITY TO PURCHASE AS A TEARDOWN AND NEW BUILD OR AN INVESTMENT PROPERTY WITH EXCELLENT RENTAL INCOME IN A PRIME NORTH END ISLAND LOCATION! Just steps from the beach and boardwalk, this exceptional Tri-Plex presents a rare opportunity in a highly desirable island location! Whether you're looking to maximize rental income by leasing all three units, enjoy your own coastal retreat while renting the other two units, or explore the potential for a complete teardown and new construction, this property offers incredible versatility for investors, builders, and buyers alike. The property features three separate units: the main-level unit offers two bedrooms and one full bath; the second-floor unit features two bedrooms and one full bath; and the third-floor studio includes a bedroom and full bath. Each unit boasts its own family room, full kitchen, and dining area. All three units are fully furnished and equipped and have enjoyed a strong rental history, having been fully rented over the past several years. Additional features include newer fiberglass decks for each unit, gas heat, central air conditioning, hardwood flooring, newer roof and siding, and a washer and dryer in each unit. All three units are separately metered for gas and electric, with water expenses split equally among the tenants. The possibilities are endless with this unique property in a PRIME LOCATION! Whether you envision an income-producing investment, a personal beach getaway, or a future redevelopment opportunity, this is an offering you won't want to miss. Showings are easy to schedule, with only the third-floor unit currently occupied. Opportunities like this are rare—schedule your private tour today!

Highlights

Listed by Carol C Latti , 6094104200 BHHS Fox & Roach-Medford , 6096541888. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.03

Year Built

1920

County

Cape May

Area

Ocean City City (20508)

School District

Ocean City Schools

Listing ID

NJCM2008402

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:1565
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:1
Zoning:
Sewer:Public Sewer
Parking Features:Driveway,On Street,1+ Spaces

Open House

Upcoming Open Houses
Sunday 1:00 pm - 3:00 pm Nov 15
Principal Interest
$7,560
Taxes
$420

Home Price

$1,400,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$280,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,560.02

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,560.02 $420.00 $0.00 $7,980.02
Yearly $90,720.19 $5,040.00 $0.00 $95,760.19
Total $2,721,605.76 $151,200.00 $0.00 $2,872,805.76
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Ocean City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T03:13:49.000Z

© 2026 Bright MLS