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$3,425,000
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Property Description
RARE OPPORTUNITY TO OWN THE ENTIRE DUPLEX - 2027 RENTALS ALREADY OVER $136,000 ON THE BOOKS! 2026= Over $232,000 in rentals Welcome to 840 & 842 Wesley Avenue, an incredible opportunity to own both units of this beautifully maintained, 2017-built duplex in the heart of downtown Ocean City, NJ. Offering a combined 10 bedrooms, 6 full bathrooms, plus additional ground-level recreation space, this property is perfectly positioned as a high-performing investment, large family compound, or a combination of both. These properties have an outstanding and proven rental history, consistently generating strong annual income year after year. Even better, 2027 rentals are already over $136,000 on the books, giving the new owner the opportunity to step into an established rental business with significant future income already secured. Each unit features 5 bedrooms and 3 full baths, spacious living areas, outdoor space, private ground-level outdoor showers, and thoughtful amenities designed specifically with the Ocean City vacationer in mind. The first-floor unit at 840 Wesley includes a bonus ground-level cabana room that has been transformed into the perfect additional hangout space with games and TV. It also offers two private outdoor areas, including a front patio and another off the primary bedroom. The second-floor unit at 842 Wesley offers additional ground-level recreation space and the convenience of a private elevator from the ground level to the second floor. Once inside, the spacious single-level layout makes the unit especially convenient for guests. The property also features multiple decks, generous sleeping accommodations, and plenty of room for larger families and groups. One of the most unique advantages of owning both units is the ability to use or rent them individually or together, creating tremendous flexibility for large family gatherings, reunions, multi-generational vacations, and larger rental groups. Parking has also been enhanced with additional stone added to increase capacity-an extremely valuable feature in downtown Ocean City. Both units are being offered fully furnished, less personal items, and include many of the extras vacationers appreciate, such as beach chairs, boogie boards, beach carts, bicycles, BBQ grills, and more. Located just blocks from the beach, Boardwalk, downtown Asbury Avenue shopping, restaurants, entertainment, and everything Ocean City has to offer, this is a truly turnkey opportunity. Whether you are looking for a substantial income-producing investment, a family compound at the Shore, or the flexibility to use one unit while renting the other, 840 & 842 Wesley Avenue offers possibilities that are extremely difficult to duplicate. Two units. 10 bedrooms. 6 bathrooms. Proven rental history. Over $232,000already booked for 2026. Take over and start collecting the income! This is a rare downtown Ocean City investment opportunity-schedule your private showing today!
Full Property Details
Full Property Details for 840-842 Wesley Ave
General
- Price: $3,425,000
- Taxes: $15,512 (2024)
- Status: Active
- Type: Duplex
- Source: BrightMLSPhilly
- MLS ID: NJCM2008114
- Updated: 11/2/2026
- Days on Market: 23 days
- Added to Site: 30 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Furnished: Yes
Parking
- Garage: Yes
- Garage Spaces: 5
- Total Spaces: 5
- Parking Type: Driveway, Parking Garage
- Garage Description: Other
Location
- Area: Ocean City City (20508)
- Municipality: OCEAN CITY CITY
- County: CAPE MAY
- Subdivision: NONE AVAILABLE
- Driving Directions: over 9th street bridge make a left on Wesley. On the corner
School Information
- School District: Ocean City Schools
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Coastal
- Structure Type: Other
- Construction: Brick Veneer, Vinyl Siding
- Elevator(s ): 1
- Square Feet: 3,372
- Sq. Ft. Source: Assessor
- Living Area: 3,372 Sq. Ft.
- Finished Above Grnd: 3,372 Sq. Ft.
- Year Built: 2017
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,800
- Lot Size Source: Estimated
- Lot Dimensions: 40.00 x 0.00
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $1,015.72
- Tax w/Assessment: $1,382,500
- Tax Amount: $15,512
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
Listed by Realty Mark Advantage, Melissa Nallen
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Price & Sales History for 840-842 Wesley Ave
Date
Details
Price
Change
Source
10/11/2026
Listed
$3,425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 840-842 Wesley Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,244
3%
$710,700
—
2024
$7,974
9%
$710,700
—
2022
$7,313
2%
$710,700
—
2021
$7,143
35%
$710,700
—
2021
$5,302
-22%
$710,700
—
2018
$6,809
-1%
$710,700
—
2019
$6,872
—
$710,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 840-842 Wesley Ave
840-842 Wesley Avenue, Ocean City, NJ 08226 (MLS# NJCM2008114) is a Duplex property with 0 bedrooms and 0 full bathrooms. 840-842 Wesley Avenue is currently listed for $3,425,000 and was received on October 11, 2026. Want to learn more about 840-842 Wesley Avenue? Do you have questions about finding other Duplex real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.
