301 Mays Landing Road

Sold 9/2/25
Sold 9/2/25
Gallery Image 1
Gallery Image 2
Gallery Image 3
Gallery Image 4
Gallery Image 5
Gallery Image 6
Gallery Image 7
Gallery Image 8
Gallery Image 9
Gallery Image 10
Gallery Image 11
Gallery Image 12
Gallery Image 13
Gallery Image 14
Gallery Image 15
Gallery Image 16
Gallery Image 17
Gallery Image 18
Gallery Image 19
Gallery Image 20
Gallery Image 21
Gallery Image 22
Gallery Image 23
Gallery Image 24
Gallery Image 25
Gallery Image 26
Sold
Last Sold Price
$2,100,000
301 Mays Landing Rd, Somers Point, NJ 08244
Multi FamilyProperty Type
0.65 acresLot Size
3 carsParking Spaces

Description

Calling all Multi-Family Investors & Hoteliers! This is the absolute PERFECT PROPERTY for you to immediately buy right now to scale your portfolio in an UNBEATABLE blue chip location! Turnkey income generating property boasts a whopping 9%+ cap rate based on the last 4 consecutive years of returns which translates to stability, confidence, and upside for expansion opportunity. And the LOCATION … wow, just WOW! Situated in a highly visible traffic area right across from the Open Bay, the Jersey Shore’s...Calling all Multi-Family Investors & Hoteliers! This is the absolute PERFECT PROPERTY for you to immediately buy right now to scale your portfolio in an UNBEATABLE blue chip location! Turnkey income generating property boasts a whopping 9%+ cap rate based on the last 4 consecutive years of returns which translates to stability, confidence, and upside for expansion opportunity. And the LOCATION … wow, just WOW! Situated in a highly visible traffic area right across from the Open Bay, the Jersey Shore’s renowned “Crab Trap Restaurant” and the 9th St Bridge to Ocean City NJ, this highly-sought-after asset is positioned right near both North & South entrances of the NJ Gardens Parkway, and in walking distance to lots of popular restaurants, Somers Point Bayfront, and its relaxing parks. Jump in the car, pop over the bridge and in 5 minutes you will conveniently find yourself sunbathing on Ocean City’s soft sandy beaches and strolling its World Famous Boardwalk. This fully operational 22-unit motel, paired with an attached 2-bedroom, 1-bath owner’s apartment and a 1-bedroom, 1-bath manager's apartment, is an exceptional investment with strong year-round returns. With 8,698 sq ft of total existing building space on a huge 150 x 190 lot, the property offers generous accommodations with a large outdoor heated pool and plenty of parking. Seller has owned and operated the property for over 30+ years, so opportunities to acquire consistent cash flowing assets such as this one rarely become available for purchase. The property benefits from strong seasonal demand, consistently achieves 100% occupancy in summer, and maintains an impressive 70% occupancy in the off-season, mostly supported by a loyal repeat clientele. Significant capital improvements were completed in 2011, including upgrades to electric, plumbing, roofing, HVAC, pool, and stucco, minimizing future capex needs. The property is currently franchised, but the franchise can be canceled at any time without penalty, offering branding flexibility. AirBnB and hoteliers who can quickly close on this high yield investment asset to scale their portfolio will place the property immediately into service, capitalize on Summer 2025 revenue, take advantage of the depreciation write offs, and can immediately start exploring creative options to expand and add units to the existing property. Fabulous future expansion upside includes adding a 2nd story to double the unit count. Property is priced for a quick sale and NDA required. Seller is willing to provide transition training to ensure a smooth handover. Call us directly for more information.
  • Listed by: KRISTINA DOLISZNY • eXp Realty - Ocean City O382L
Listing closed: 09/02/2025 03:00 AM • Source: SJSRMLS, MLS#: 597863
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of eXp Realty - Ocean City O382L

Sold By eXp Realty - Ocean City O382L

Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$13,263 per month

30 year fixed, 6.71% Interest

Principal and Interest

$10,852

Property Taxes

$2,411

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 301 Mays Landing Road

Property Details
  • Taxes: $28,930 / year
  • MLS Type: MULTI-FAMILY / 21 - 50 Units
  • County: Atlantic County
  • City/Community: Somers Point
  • Class: MULTI-FAMILY
  • Parking - Exterior: Three or More Cars
  • Waterfront (Y/N): No
Building Information
  • Residences: 24
  • Lot Size: 0.65 AC / 28,500 SF
Summary
Location and General Information
  • Address: 301 Mays Landing Rd
  • Address 2: Passport Inn Motel, 6 MacArthur Blvd
  • Address Number: 301
  • Address Search Number: 301
  • Address Street: Mays Landing Rd
  • Area: Somers Point City
  • County: Atlantic
  • Directions: Over 9th St Bridge to Somers Point, left at light, right into parking lot.
  • Fips Code: 34001
  • Location: See Remarks, Water View
  • State: NJ
  • Zip: 08244
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 07-02-2025
  • Tax Year: 2025
  • Taxes: 28930
Property
Lot Information
  • Approved Short Sale?: N/A
  • Block #: 1914
  • Lot #: 2
  • Lot Dimensions: 150x190
Property and Assessments
  • Also Includes: Furnished, Security System
  • Associated Document Count: 0
  • Estate Y/N: No
  • New Construction: No
  • Property Id: 21-01914-0000-00002
  • Total Assessment: 0
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Driveway: Blacktop, Concrete
  • Outside Features: Bay View, In Ground Pool, Curbs, Handicap Access, Porch
Interior Features
  • Air Conditioning: Wall Units
  • Heating: Space/Wall/Floor
Multi Family
Multi-Family Information
  • Annual Taxes: 28930
  • Limited Service (Y/N): No
  • Number Of Units: 24
  • Owner Occupied (Y/N): Yes
  • Rental Information: 100 Percent Occupancy, Seasonal, See Remarks, Yearly
  • Suitable For: Condo Conversion, Expansion, Multi Family + Rooms, Other (See Remarks)

Property History for 301 Mays Landing Road

DateEvent & SourcePriceAppreciation
Sep 2, 2025

Closed

SJSRMLS #597863

$2,100,000—
Aug 27, 2025

Closed (Public Record)

Public Record #1915760959

$2,100,000—
Aug 11, 2025

Pending

SJSRMLS #597863

—
DateEvent & SourcePrice
09/02/2025

Closed

SJSRMLS #597863

$2,100,000
08/27/2025

Closed (Public Record)

Public Record #1915760959

$2,100,000
08/11/2025

Pending

SJSRMLS #597863

—

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

Public Records for 301 Mays Landing Road

Taxable ValueLand$422,500Additions$386,500Total$809,000
Tax Record2025$30,111 ($2,509 / month)
Home Facts
Total Finished SqFt8,698 SqFtAbove Grade Finished SqFt8,698 SqFtStories2Lot Size28,272 SqFtStyleHotel / MotelYear Built1959Year Renovated1959ZoningHC-2CountyATLANTICAPN21-01914-0000-00002

Schools near 301 Mays Landing Road

This home is within Mainland Regional High School District.
Rating
School
Type
Grades
Distance
Jordan Rd Elementary School
Public - 4 to 8
Mainland Regional High School
Public - 9 to 12
Dawes Ave Elementary School
Public - PK to 3
St. Joseph Regional School
Private - PK to 8
Rating
School
Distance
Jordan Rd Elementary School
Public4 to 8

Mainland Regional High School
Public9 to 12

Dawes Ave Elementary School
PublicPK to 3

St. Joseph Regional School
PrivatePK to 8

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.

Neighborhood Map and Transit

Similar Homes

New listings in 08244

$554,900 | 125 Exton Road, Somers Point, NJ 08244
1/57
Virtual TourNew

$554,900

4
Bedrooms
1,957
Square Feet
0.21
Acres

125 Exton Road, Somers Point, NJ 08244

$634,900 | 96 Mays Landing Road, Somers Point, NJ 08244
1/68

$634,900

4
Bedrooms
2,704
Square Feet
0.21
Acres

96 Mays Landing Road, Somers Point, NJ 08244

$14,995,000 | 38 Broadway, Somers Point, NJ 08244
1/93

$14,995,000

5
Bedrooms
13,000
Square Feet
0.70
Acres

38 Broadway, Somers Point, NJ 08244

$425,000 | 598 Mays Landing Road, Unit 205, Somers Point, NJ 08244
1/28

$425,000

2
Bedrooms
Unavailable
Square Feet

598 Mays Landing Road, Unit 205, Somers Point, NJ 08244

$400,000 | 714 West New York Avenue, Somers Point, NJ 08244
1/16

$400,000

3
Bedrooms
Unavailable
Square Feet
0.16
Acres

714 West New York Avenue, Somers Point, NJ 08244

$710,000 | 16 Fresh Spring Cove, Somers Point, NJ 08244
1/77

$710,000

5
Bedrooms
2,693
Square Feet
71
Acres

16 Fresh Spring Cove, Somers Point, NJ 08244

$449,500 | 206 Bliss Avenue, Somers Point, NJ 08244
1/25

$449,500

4
Bedrooms
2,500
Square Feet
0.16
Acres

206 Bliss Avenue, Somers Point, NJ 08244

a view of a street with a building in the background
1/48

$729,000

4
Bedrooms
2,622
Square Feet

2605 Christina Lane, Unit 2605, Somers Point, NJ 08244

$329,900 | 537 Bay Avenue, Unit 1ST FLOOR B, Somers Point, NJ 08244
1/33

$329,900

1
Bedrooms
700
Square Feet

537 Bay Avenue, Unit 1ST FLOOR B, Somers Point, NJ 08244

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 301 Mays Landing Road, Somers Point, NJ 08244
$2,100,000
–
–
–
28,500
8 MacArthur Boulevard, Somers Point, NJ 08244
–
–
–
7,910
–
10 MacArthur Boulevard, Somers Point, NJ 08244
–
–
–
4,766
–
27 Woodland Avenue, Somers Point, NJ 08244
$129,000
–
–
–
6,900
112 Woodland Avenue, Somers Point, NJ 08244
$525,000
–
–
8,820
–
16 MacArthur Boulevard, Somers Point, NJ 08244
$950,000
–
–
–
–

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty - Ocean City O382L

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.