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sales rep | Brivity IDX

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840 Wesley Ave , Ocean City, NJ 08226
$1,675,000
Est. Payment: $9,045.02/mo
5 Bed
3 Bath
1650 Sqft
0.11 Acres
Status: active | Days on site: 20
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54908 - 3249104
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House 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 TV—perfect 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 capacity—an 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 you’re 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!

Highlights

Listed by Melissa Nallen , 8563710533 Realty Mark Advantage , 8564574900. Bright MLS

Property Type

Residential

Lot/Acreage
0.11

Year Built

2017

County

Cape May

Area

Ocean City City (20508)

Neighborhood

None Available

School District

Ocean City Schools

Listing ID

NJCM2007936

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:1 Fireplace
Above Ground Sq Ft:1650
Other:
  • ▪ Main Floor Bedrooms:5
  • ▪ Additional:No Pet Restrictions, Pets Allowed
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:2
Zoning:RESIDENTIAL
Sewer:Public Sewer
Parking Features:Garage - Front Entry,Garage Door Opener,Attached Garage,Driveway,2+ Spaces,1+ Spaces
Principal Interest
$9,045
Taxes
$649

Home Price

$1,675,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$335,000
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:
$9,045.02

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,045.02 $649.33 $0.00 $9,694.35
Yearly $108,540.23 $7,792.00 $0.00 $116,332.23
Total $3,256,206.89 $233,760.00 $0.00 $3,489,966.89
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: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS