Property details
About 406 E Magnolia Ave
Hold the phone! This is the golden opportunity that only comes around once in a blue moon!! This 5 unit rental machine on the beach block, steps from the famous Wildwood Boardwalk, has everything you're looking for in an investment property. The potential here for current J1 rentals, or air bnb, condo conversion.....this gem has it all. Multiple units allow for the owners to do as they please and reap the financial benefits of this beach block beauty. Bolstering a 5 unit with individual full kitchens, 12 bedrooms, 6 baths, updated tile, high efficiency instant hot water heater, and lots of potential...... Come get a look at this property while it lasts!
Highlights
(ACTIVE)
Summary
- Total Bedroom Count: 14
- Exterior: Patio, Porch
- Heating: None
- List Price: $1,099,000
- Annual Tax Amount: $8,171
- Tax Year: 2024
- Year Built: 1933
- MLS Number: 243149
- MLS Name: CapeMayCounty
- Office Name: SEA ISLE REALTY
- Office Phone: (609) 263-5301
- Listing Agent: Bradley Lemma
The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
Copyright © 2025 Cape May County Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 10:45:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 20, 2022 | Home Sold | $500,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $279,000 | $8,171 |
| 2022 | $279,000 | $7,686 |
| 2021 | $279,000 | $7,686 |
| 2020 | $279,000 | $7,505 |
| 2019 | $279,000 | $6,972 |
History based on county public records data.
Nearby schools
1
Glenwood Avenue Elementary School
Public District PK-5
0.5 mi
•Glenwood & New York Ave
3
Stone Harbor Elementary School
Public District KG-4
5.3 mi
•275 93rd St
4
Middle Township Elementary #2
Public District 3-5
6.1 mi
•101 W Pacific Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $26,701. Typical income of Wildwood, NJ residents is less than $<35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
UFC
Figure Skating
Soccer
Where do the neighbors shop?
Family Dollar
Chico's
Forever 21
Where do the neighbors go to eat?
Burger King
Bob Evans
Dominos Pizza
What do the neighbors drive?
Buick
Oldsmobile
Mazda
What do the neighbors listen to?
Urban Contemporary
News
Rhythmic Contemporary Hits
Frequently asked questions
About 406 E Magnolia Ave
The listing price of 406 E Magnolia Ave property is $1,099,000.
The property 406 E Magnolia Ave is a house located in Wildwood, New Jersey, 08260.
Active Listing: 406 E Magnolia Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 406 E Magnolia Ave are: Glenwood Avenue Elementary School (GreatSchools Rating 1/10), Stone Harbor Elementary School (GreatSchools Rating 3/10), Middle Township Elementary #2 (GreatSchools Rating 4/10), Wildwood Middle School (GreatSchools Rating 2/10), Margaret Mace School (GreatSchools Rating 3/10), Crest Memorial School (GreatSchools Rating 3/10), Wildwood High School (GreatSchools Rating 2/10), Lower Cape May Regional High School (GreatSchools Rating 4/10), Middle Township High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $8,171 (source: MLS/based on county public records data).
The last sale was on January 20, 2022 for $500,000 (source: MLS/tax record).
The property at 406 E Magnolia Ave has 14 bedrooms and 6 bathrooms.
The year of construction for 406 E Magnolia Ave is 1933.
This home is located at 406 E Magnolia Ave in Wildwood, NJ and zip code 08260. Features: 14 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since January 7, 2025 and is currently priced at $1,099,000.
In June 2025, from all listings sold in Wildwood, NJ there were more than 4 sold above asking price, over 23 sold below and more than 15 were sold right at the asked price. The inventory of homes for sale in Wildwood, NJ between May and June 2025 increased by 2.4%. The median list price of listings available in June 2025 was $600,000, while the average time on the real estate market was 95 days.