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10-Unit, 2-Story Complex on Cape May Sold for Nearly $4 Million

Summary by follow.it
A 10-unit, 2-story townhome apartment complex on Cape May Avenue has just been sold for $3,850,000 to a local multifamily investor. The property at 4957 Cape May Avenue consists of eight (8) 1Bedroom / 1Bathroom units and two (2) 2Bedroom / 1.5Bathroom two-story townhomes -- all on a 6,993 square foot lot. Amenities for tenants include an onsite laundry facility, plus what the realty group providing the news calls "ample off-street parking spots…
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follow.it broke the news on Monday, August 31, 2026.
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