1352 Washington St

Cape May, NJ 08204

$1,999,999
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Description

Investor Alert – Prime Redevelopment Opportunity in Historic District Exceptional opportunity for a seasoned investor or developer to acquire a uniquely positioned property located within the Historic District. The existing structure is considered non-contributing , while the on-site billboard, dating back to the 1920's refurbished in the mid 70's by a local builder, is recognized as a contributing feature, creating a rare dynamic for redevelopment potential. The current configuration consists of...Investor Alert – Prime Redevelopment Opportunity in Historic District Exceptional opportunity for a seasoned investor or developer to acquire a uniquely positioned property located within the Historic District. The existing structure is considered non-contributing , while the on-site billboard, dating back to the 1920's refurbished in the mid 70's by a local builder, is recognized as a contributing feature, creating a rare dynamic for redevelopment potential. The current configuration consists of a mixed-use building with four residential units and one commercial space (barber shop) . Originally designed as 4 rental areas with rental rooms on third floor, the property now includes one (1) one-bedroom unit and three (3) two-bedroom units, each with living room, kitchen, and bath. The third floor, historically used for room rentals, has not been occupied for decades and is presently utilized for storage only (no current egress). The property features a full basement with both interior and exterior access, housing separate heating systems and hot water infrastructure. Three residential units are separately metered; one unit shares utilities with the commercial space (paid by the commercial tenant). Heating is natural gas baseboard; no central air conditioning. Ample on-site parking is available, including a dedicated lot servicing both residential tenants and the commercial unit, with defined ingress and egress driveways. All residential tenants are month-to-month , offering flexibility for repositioning or redevelopment. Commercial lease month to month as well. This property is being offered strictly as an AS-IS sale . Seller will make no repairs, credits, or concessions , and provides no warranties or guarantees . Inspections are for informational purposes only. All offers must be accompanied by a Letter of Intent (LOI) and should be structured as cleanly as possible, with minimal contingencies. Seller’s priority is a strong, straightforward transaction. Post-closing occupancy required: Seller requests a leaseback period for the two 2nd floor units that they currently occupy personally of approximately 6–8 months following settlement. This is a rare opportunity to capitalize on land value and redevelopment potential in a historically significant location. Serious, qualified investors only.
  1. Listed by Dagmer Chew • HOMESTEAD REAL ESTATE CO. INC.

Property Details for 1352 Washington Street

Tax ID Number
02-01144-00006
Ownership
Fee Simple
Structure Type
Other
Style
Victorian
Waterfront
No
Garage
No
Municipality
CAPE MAY CITY
Total Parking Spaces
6
LISTING UPDATED: 03/20/2026 11:04 AM

Property Details for 1352 Washington Street

StatusActive
MLS #260686
Days on Market6
Taxes$8,626 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Fee Simple
Year Built1920
Lot Size0.43 AC / 18,750 SF
CountyCape May County
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Location

Listing Courtesy of HOMESTEAD REAL ESTATE CO. INC.
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Building Information for 1352 Washington Street

Stories-Residences-Year Built1920Building Size-Lot Size0.43 AC / 18,750 SF

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$10,425 per month

30 year fixed, 6.11% Interest

Principal and Interest

$9,706

Property Taxes

$719

HOA Dues

$0

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Property Information for 1352 Washington Street

Location
Location
  • School District Name: CAPE MAY CITY SCHOOLS
  • School District County ID: 300200396106
  • SchoolDistrictSource: Listing Agent
  • County: CAPE MAY
  • MLS Area: Cape May City (20502)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $789,200
  • Year Assessed: 2025
  • County Tax: $0
  • Improvement Assessed Value: $225,200
  • City Town Tax: $0
  • Land Assessed Value: $564,000
  • Clean Green Assessed: No
  • Municipal Trash: No
  • Land Use Code: 0
  • Agricultural Tax Due: No
  • Historic: Yes
  • Zoning: R-2
  • Tax Lot: 00006
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 5
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 0
  • Half Baths Count: 1
  • Full Baths Count: 0
  • Unit Type Features: commercial barber shop
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 150.00 x 125.00
  • Lot Dimensions Source: Assessor
  • Road Frontage Length: 150.00
  • Parcel ID: 3750117
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Off Street
  • Off Street - # of Spaces: 6
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Fenced Yard, Sidewalks
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: None
  • Heating Type: Baseboard - Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Cape May County Association of REALTORS

Property History for 1352 Washington Street

DateEvent & SourcePriceAppreciation
Mar 20, 2026

Listed (Active)

BRIGHT #NJCM2006960

$1,999,999—
Mar 20, 2026

Listed (Active)

CMCMLS #260686

$1,999,999—
DateEvent & SourcePrice
03/20/2026

Listed (Active)

BRIGHT #NJCM2006960

$1,999,999
03/20/2026

Listed (Active)

CMCMLS #260686

$1,999,999

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1352 Washington Street

Taxable ValueLand-Additions$8,400Total-
Tax Record2024$89 ($7 / month)
Home Facts
Lot Size18,748 SqFtStyleMiscellaneous CommercialZoningR-2CountyCAPE MAYAPN02 01144-0000-00006-0000-B01

Schools near 1352 Washington Street

This home is within Lower Cape May Regional School District.
Rating
School
Type
Grades
Distance
Cape May City Elementary School
Public - PK to 6
Richard M Teitelman School
Public - 7 to 8
Lower Cape May Reg High School
Public - 9 to 12
Rating
School
Distance
Cape May City Elementary School
PublicPK to 6

Richard M Teitelman School
Public7 to 8

Lower Cape May Reg High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1352 Washington Street, Cape May, NJ 08204

1352 Washington Street is a multi-family home for sale in Cape May, NJ 08204. This property was listed for sale on March 20, 2026 by HOMESTEAD REAL ESTATE CO. INC., it's currently listed at $1,999,999. This listing's school districts are Lower Cape May Regional School District, Cape May City Board Of Education School District. Nearby schools include Cape May City Elementary School, Richard M Teitelman School and Lower Cape May Reg High School. 1352 Washington Street is a 0-bed, 0-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HOMESTEAD REAL ESTATE CO. INC.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.