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$1,795,000 Just Listed
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Property Description
Consistently producing $115,000+ in annual rental income (2024: $124,000)-this is a true turnkey investment for the savvy buyer looking for a well-oiled rental machine. Already over $100,000 on the books for 2026! This beautiful second-floor (top-floor) property is ideally located at the corner of 9th & Wesley Avenue in the heart of Ocean City, NJ, just a short walk to the beach, boardwalk, and downtown. Offering 5BR/3BA and over 1,700 sq ft on the main living level, plus an additional 300+ sq ft entry-level recreation area-perfect for extra lounging and entertaining. A private elevator (serving the 2nd-floor unit only) provides added convenience and handicap-friendly access, with no steps once inside the unit. The layout is designed for comfort and groups with two primary suites (King & Queen), an additional Queen bedroom with balcony, plus two bedrooms with full-over-full bunk beds. The entry level features a full-size futon and a TV/foosball/game room. Enjoy a 55" TV in the family room, a 50" TV in the game room, and TVs in every bedroom. Outdoor living shines with a canopy-covered front deck off the living area (canopy removed in winter months), added privacy/sun shade on the north side of the awning, a rear deck off the primary, and a balcony off Bedroom 5. Additional highlights include keyless entry and off-street parking for 3 cars (1 garage + 2 driveway). Just minutes to the 9th Street beach/boardwalk, the Music Pier, and all the shopping and dining along Asbury Avenue. Schedule your private tour today!!
Full Property Details
Full Property Details for 842 Wesley Ave
General
- Price: $1,795,000
- Taxes: $8,244 (2025)
- Status: Active
- Type: Condo
- Source: BrightMLSPhilly
- MLS ID: NJCM2006786
- Updated: Today (2/20/2026)
- Added to Site: Today
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Furnished: Yes
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Main Floor Baths: 3
- Main - Full Baths: 3
Bedrooms
- Total Bedrooms: 5
- Bedrooms Main & Up: 5
Additional Information
- Shared Amenities: None
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 4
- 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
Community
- Assoc. Fees Include: None
- Pets Allowed: Yes
- Pets: No Pet Restrictions
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
- Stories Description: Main
- Square Feet: 1,722
- Sq. Ft. Source: Assessor
- Living Area: 1,722 Sq. Ft.
- Finished Above Grnd: 1,722 Sq. Ft.
- Year Built: 2017
- Year Built Source: Assessor
Lot Features
- Lot Dimensions: 40.00 x 0.00
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $1,042.39
- Condo Fee Freq: Annually
- Assessment Year: 2025
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $710,700
- Tax Amount: $8,244
- Tax Year: 2025
- Tax Total Finished Sq. Ft.: 1722
Disclosures and Reports
- Ownership: Condominium
- Condo: Yes
- Lot Number: 00017 06
Listed by Realty Mark Advantage, Melissa Nallen
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Schools
Schools serving 842 Wesley Ave
School District:Ocean City School District
| Name | Grades | Distance |
|---|---|---|
Ocean City Intermediate School 1901 Bay Avenue, Ocean City, NJ 08226 | 4-8 | 1.2 mi |
Ocean City High School 501 Atlantic Avenue, Ocean City, NJ 08226 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 842 Wesley Ave
Date
Details
Price
Change
Source
2/20/2026
Listed
$1,795,000
—
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 842 Wesley Ave
Year
Property Taxes
Change
Tax Assessment
Change
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 842 Wesley Ave
842 Wesley Avenue, Ocean City, NJ 08226 (MLS# NJCM2006786) is a Condo property with 5 bedrooms and 3 full bathrooms. 842 Wesley Avenue is currently listed for $1,795,000 and was received on February 20, 2026. Want to learn more about 842 Wesley Avenue? Do you have questions about finding other Condo 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.

