Atlantic City NJ Multi Family for Sale
ADDITIONAL INFORMATION
Investor or Savvy Owner Alert!!!!This low cost duplex located in the Chelsea section of Atlantic City with very low taxes is perfect for the savvy investor looking to add to their portfolio or to live in one unit and rent out the other. This lovely unit is in a prime location near the beaches, casinos, restaurants, shopping, Bader field, and so much more. This wonderful investment includes a 1 bedroom 2 bathroom unit on the lower level, and a 4 bedroom 2 full bath unit on the upper level. The first floor unit is currently rented on a month to month basis @ $1000 monthly the tenant pays their own utilities. Tenant is willing to either stay or go. Potential market rent for unit # 1 is $1250. The upper unit is vacant, awaiting its new owner or tenant. The upper unit has the potential to earn the market rent of $2500 easily. Each unit has its own utilities with separate gas and electric meters. With just a little TLC this can be the perfect investment property at "The Shore". Bring your imagination and call today for a private showing.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1900
- Baths:
- MLS#:
- 593178
ADDITIONAL INFORMATION
This charming duplex presents a rare opportunity for both homeowners and investors alike! The main home featuring 2 floors of living offers 3 bedrooms and 1 bathroom on the top floor and kitchen dining and living room on the main level best of all it is currently vacant and ready for immediate occupancy allowing you to personalize the space to your liking. Enjoy the unparalleled convenience of being just blocks from the beach, boardwalk, casinos, a wide array of shopping options, and a diverse selection of restaurants. Perfect for the growing family with Its proximity to several schools including Stockton University further which enhances its appeal. The ground level houses a separate 2-bedroom, 1-bathroom unit, offering significant potential for rental income. While the property is being sold as-is and may require some TLC, this presents a unique chance to increase value and capitalize on a highly desirable location. Whether you're looking for a primary residence with built-in income or a promising investment property, this duplex is a must-see and a great value in today's market Don't miss this exceptional opportunity!
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1900
- Baths:
- MLS#:
- 593169
ADDITIONAL INFORMATION
Introducing an exceptional investment opportunity tucked within Historic Bungalow Park area of Atlantic City. This 2 family home at 426 N Connecticut Avenue offers a versatile setting for investors seeking a robust addition to their portfolio. With a spacious lot size of 3,100 square feet and an interior floor area spanning 2,080 square feet, this duplex provides ample room and potential for customization, ensuring it a promising investment choice. The home is dated and needs work but has enormous potential. The strategically designed layout features 2 generous bedrooms and 2 bathrooms, easily accommodating varied needs and maximizing living possibilities. The interior's thoughtful configuration facilitates a comfortable and functional living environment, making it ideal for tenants ranging from families to professionals seeking a blend of comfort and convenience. A standout feature is the large detached two-car garage, offering not only secure parking but also additional storage space. This feature is particularly appealing in a bustling city landscape, providing a rare and valuable benefit for prospective tenants. The provision of such substantial parking facilities could also potentially serve as a unique selling point, enhancing tenant retention. This home is located in the Gardner's Basin area of the city, the property is mere moments from key local amenities, enhancing its appeal to potential renters. Just 0.5 miles away, you'll find the historic Atlantic City Boardwalk, renowned for its vibrant entertainment, dining, and retail offerings. Nearby, New York Avenue School, known for its well-rated academic programs, is just a short 0.7-mile drive, adding family appeal to the vicinity. For leisure and outdoor activities, Gardner's Basin, offering a picturesque escape along several harbors where many fishing boats dock and unload is only a short distance away. Relax in the evening and take in the sunset behind the Marina casinos The unique combination of location, layout, and amenities makes this property a compelling choice for investors aiming to secure steady rental income in a thriving market. If you're an investor seeking a solid opportunity with the promise of return, explore the potential that 426 N Connecticut Avenue offers. This property stands out, not just for its features, but for its strategic positioning within Atlantic City's coveted landscape. Seize the opportunity to invest in a property that combines convenience, versatility, and exceptional location. Contact us today to schedule a viewing or for more detailed information. Property does need updating and is being sold in "As-Is" condition. Don't miss this opportunity to expand your portfolio with a property that promises both immediate and long-term value.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1890
- Baths:
- MLS#:
- 593029
ADDITIONAL INFORMATION
This is a great location. This has many possible uses for a serious investor who is experienced with boarding house and wants a rehabbed property, with a 2/1 apartment on the first floor, 7 rooms plus a bathroom and shower on second floor and 4 rooms plus a bathroom and shower on the third floor. Plenty of options.
ADDITIONAL INFORMATION
Seize a prime investment opportunity in Atlantic City's dynamic Casino District! This mixed-use apartment building presents an excellent chance to own property in this high-traffic area. It features nine one-bedroom apartments and two storefronts, with eight of the apartments being move-in ready. The building is equipped with a comprehensive security camera system covering both interior and exterior areas. Each unit has separate gas and electric meters, while heating is provided by a central boiler system with two water heaters. Additionally, the adjacent lot at 27 S Kentucky Ave is cross-listed for sale and can be purchased alongside this property. Don't miss this incredible investment opportunityâ??call today for details and to be notified about an upcoming investor group tour!
$489,999
706 N OHIO Atlantic City, NJ 08401
ADDITIONAL INFORMATION
This mixed-use building features an immaculate 3 story, 2 1/2 bath apartment and a 1st floor office. The apartment is in pristine condition and is accented with beautiful hardwood floors, recessed lighting, crown molding, and stack stone treatment. As you enter the home you will find 2 sizable guest bedrooms a full bath and open dining area. The dining area flows right into the impeccable eat in chefs kitchen with granite counter tops and ample counter space a Viking stove/oven with professional hood and wet bar. Off the kitchen is a spacious living room, 1/2 bath and sliding doors out to the 1st deck. The private deck is a perfect place for entertaining and enjoying sky views. The 3rd floor features and expansive master bedroom with a huge deck plus 2 bedrooms, custom walk in closet, spacious bathroom and walk in shower with rain shower head and laundry room. First floor office has a two 1/2 baths, employee kitchen and 2 offices. Exterior highlights include professional landscaped court yard and garden. This unique property is a must see. Just a few blocks from Tanger Outlets and all the action of Atlantic City. Beautiful beaches, boardwalk and casinos. All kinds of possibilities with this one of a kind property. Huge potential for rental income. Truly is one of the nicest properties in Atlantic City. Building comes with addition lot to right. There are also 2 other lots ajacent to this listing available for sale.
ADDITIONAL INFORMATION
Investors take note of this opportunity in Venice Park, Atlantic City! This legal duplex represents a fantastic investment option for rental income, whether through Airbnb or annual rental agreements. Unit 2, located upstairs, features two bedrooms on the main floor and either one bedroom or a loft on the third floor. Both the kitchen and bathroom have been renovated, and the house is undergoing additional renovations. There is a new front porch, a deck at the back of the house, and a new terrace/porch on the third floor. Additionally, the HVAC system is just one year old, and there are newer kitchen appliances. Ground-level Unit 1 is framed for a two-bedroom apartment, which includes a kitchen and one bathroom. Renovations are needed throughout this unit. The buyer is responsible for all certifications, inspections, and the Certificate of Occupancy. This property is easy to show, with a lockbox on the front door of Unit 2. Please call showing time to schedule a viewing.
$1,128,000
2925 Atlantic Ave Atlantic City, NJ 08401
- Type:
- Mixed Use
- Sq.Ft.:
- 8,942
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Baths:
- MLS#:
- 488542
ADDITIONAL INFORMATION
It is an honor to announce a mixed used building in Atlantic City, New Jersey just post to market, which is located in a busy shopping center, adjacent to casinos and commercial buildings. The land area is 4238 sq ft, and the buildingâ??s area is 8942 sq ft. It contains a total of 7 units, two retail stores on the ground floor, the leases will end in 2029 and 2031, 3% rent increase per year, tenants pay 1/7 of the water bill each; 5 residential units sign lease annually, Apt#1,Apt#2 on the 2nd floor, Apt#3, Apt#4 on 3Rd floor, all of them are 3 beds and 2 bath on each, Apt#5 is 1bed and1 bath on the rear of 1st floor. hot water and heating have been separated, tenants pay for their own utilities. the gross income is $129,660, expenses is about $32,000. The building is well maintenance, easy handling with stable growth income, 8.5% cap rate. it is a great opportunity for investors, the motivated seller is ready to hear all offers.
ADDITIONAL INFORMATION
Welcome to your gateway to Atlantic City! This 5-bed/3-bath 2-Family home is the perfect opportunity for an investor or owner occupant looking for a piece of the revitalization in Atlantic City. The property is located along Atlantic City's Orange Loop and steps from the world famous Atlantic City Boardwalk and beach. Unit 1 features a newly renovated 1-bed/1-bath apartment and unit 2 offers a spacious 4-bed/2-bath across two levels. Upon entering this 2nd and 3rd floor apartment, you are greeted by the updated kitchen adorned with white shaker style cabinets and butcher block countertops. Upstairs, you'll find (3) additional bedrooms, a second bathroom with another walk-in shower. The living room and spacious master bedroom on the top floor feature bay windows, offering an abundance of natural light and a glimpse of the Atlantic Ocean. Whether it's the beach, casinos, live entertainment, bars, or restaurants you're seeking, 135.5 S Ocean Ave is steps away from it all. Reach out and schedule a tour today!
ADDITIONAL INFORMATION
RARE OPPORTUNITY come own this unique waterfront home!! This property includes 50 ft riparian rights on the Delta Basin, total of 5 deep-water boat slips, two 40ft & three 28ft floating docks, which can be rented. LOCATION LOCATION a short drive from Gardeners Basin, the Casinos, Beaches & Boardwalk. Main house 3 bedrooms & 3 baths, includes 2 suite bathrooms on the 2nd & 3rd flr. Additional 1 bedroom in-law suite on the top floor with full kitchen, bathroom & laundry. Breathtaking waterfront views from the many balconies. Large windows capturing the scenic skyline. Also a full bath on main level for boaters access to storage/garage, Upgrades include a new roof, boiler, & HVAC. Sold as-is, furnished or unfurnished short term rental potential! This home is a rare find, Come see today!
ADDITIONAL INFORMATION
Investor Alert!!! This multi-family property boasts 24 rooms, including 7 bedrooms, 3 full bathrooms, and 1 half bathroom, making it ideal for diverse living arrangements. Featuring 3 fully equipped kitchens and ample storage space, the property is both practical and versatile. Located on a 3,875-square-foot lot, it stretches between North Tennessee Avenue and North Ocean Avenue, offering convenient dual access. Situated less than a mile from the Atlantic Ocean, residents can enjoy the benefits of coastal living with easy beach access. This property offers incredible potential for rental income, in a spacious multi-family complex perfect for generating cash flow.
ADDITIONAL INFORMATION
Center City This Duplex feature 4 large Bedrooms, 2 full Baths, hard wood floors, LARGE deck on the second Floor currently Owner occupies ready to move in, and a 1 Bedroom,1 Bath unit on the First Floor Rented for $1,000 a month. The property is being sold as-is wont last very long MUST SEE!
$499,000
46 S Elberon Atlantic City, NJ 08401
ADDITIONAL INFORMATION
Southside Legal Duplex in Lower Chelsea! This 1,900 sq/ft Duplex has been wonderfully maintained over the years. Basement-level 2 bedroom, 1 bath apartment has been recently renovated with new carpeting, paint, and appliances. Upstairs 'main level' unit features 6 bedrooms and 2 full baths. Spacious and open (big bedrooms!), and well maintained. Just 1.5 blocks to the famous Atlantic City beaches and boardwalk, and located in the awesome Lower Chelsea section of Atlantic City. Possibilities include renting both units out, live in one unit and rent the other, AirBnb, or use as Single Family home. Call today for more info.
ADDITIONAL INFORMATION
We are thrilled to present a remarkable new investment opportunity that has just hit the market! Located at 619 N Trenton in the vibrant Atlantic Cit, this charming duplex features two spacious 2 bedroom units, each with 1 bathroom. ! Imagine the delightful bay breezes that can be enjoyed from the large porches attached to both units, creating an inviting atmosphere perfect for relaxation and unwinding after a long day. The second-floor unit boasts stunning bay views, providing a picturesque backdrop that enhances the living experience. This property is not just a place to live; it represents a golden opportunity for savvy investors looking to tap into the thriving real estate market of Atlantic City. With its prime location and appealing features, this duplex has 1 unit rented and the other is poised to attract tenants and generate impressive returns. Dont miss out on the chance to make this fantastic investment a part of your portfolio
ADDITIONAL INFORMATION
Presenting a unique NEW CONSTRUCTION opportunity in Atlantic City. This gem features an impeccable duplex property located at 21 N Sovereign Ave. in AC, on an oversized lot of 28X100. Imagine living in your own brand new, never before lived-in home for 599K!! Live, invest, spend your summers, weekends or retire without breaking the bank. There are so many ways to enjoy and monetize this property. Live in one unit and rent the other. Condo conversion. Rent both units. Airbnb. 2-family living. The possibilities are endless. Each unit features 3 bedrooms (1 en-suite) 2 full baths with a spacious format of 1140 ft.² ( that's 2280 ft.² total) of air conditioned space. Rounded out with a front deck, off-street parking and an oversized backyard. Centrally located and within walking distance to the boardwalk, beach, bay, Boardwalk Hall, Tropicana Casino, The Walk Outlets, and iconic dining like Café 2825, Angelo's, White House, Doc's and the Knife and Fork. This is Atlantic City living at its finest. Some of the new features include but are not limited to: Luxury vinyl flooring throughout, granite countertops, exterior vinyl fencing, tankless hot water heater, central air conditioning, irrigation system, 6 foot crawl space for plenty of storage, natural gas, garbage disposal, front deck, stainless appliances, washer/dryer, outdoor shower and 2 car off street parking. Atlantic City is one of the best beach towns in the United States to buy a home for the second year in a row, a study from Realtor.com finds. There's also a five year tax abatement for new construction. Be sure to inquire about the special financial programs Atlantic City is offering. Estimated completion date is first quarter 2025.
ADDITIONAL INFORMATION
Opportunity Abounds!! (1) two BR Apartment, (1) One BR Apt, (9) Garages & 60' x 100' Riparian Grant directly across the street. Zoned Marine Commercial Redevelopment Zone. Up-grade existing property, tear down and build your dream house or go commercial. Possibilities are endless. Call LB for additional details.
ADDITIONAL INFORMATION
OWNER SAYS SELL NOW!!! LEGAL TRIPLEX IN A FABULOUS LOCATION!!! WONDERFUL TENANTS MAKE THIS A SURE BET FOR INVESTMENT OR THE OWNER CAN OCCUPY ONE OF THESE GREAT 2 BEDROOM UNITS EACH FLOOR. property in good condition and all up to code. Easy to show with notice. Owner pays heat. CALL NOW!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.05 Acres
- Baths:
- 3.00
- MLS#:
- 3923045
View additional info
Courtesy: HYVEST REALTY
732-908-7223
ADDITIONAL INFORMATION
Fully renovated, turn key 3 unit rental. Great location investment property for investors and/or first time buyers opportunity. Has a detached garage and its own gated driveway. Unfinished basement, new mechanicals, and appliances. Property just completed renovation August 2024. Close to Tropicana and other casino hotels. Easy access to highways. Currently vacant and ready to rent out.
ADDITIONAL INFORMATION
CASH FLOWING 5-UNIT APARTMENT BUILDING only a couple of blocks from the Beach on the Ventnor side of Atlantic City! Instant cash flow in a great area of the City where your occupancy rate will be incredibly high with the proximity to the water and other amenities. All CCOs & 5 year state inspection are in hand. Owner recently made major updates to the property and increased rents to market rent, making this a turnkey opportunity for your portfolio. The 2 units in the photos were empty at the time photos were taken, but will be filled prior to settlement. The other 3 units are currently filled and are of similar condition. The pro forma rent roll is $103,200.00 annually in gross rent revenue, $8,600.00 per month. Tenants pay their own electric. Owner pays Insurance, Taxes, Water/Sewer, and Gas. Pro Forma NOI comes to $76,333.00, making the pro forma Cap Rate 8.98% at the listing price, phenomenal for a property this close to the ocean! This property's appreciation value proposition is immense due to its proximity to Ventnor Beach, Stockton University, and Richmond Avenue School in AC. Enjoy the prospect of cash flow on day 1, high occupancy rates, and appreciation potential that this property offers.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1940
- Baths:
- MLS#:
- 584915
ADDITIONAL INFORMATION
Price Reduction of $149,000. Now being offered at $850,000. Not gonna last long! Rare Find! 6 UNIT BUILDING (ALL OCCUPIED) **6,876 square ft.** WITH GREAT RENTAL HISTORY, CLOSE TO STOCKTON ATLANTIC CITY CAMPUS in the University District. Very close to the desired Chelsea area. Great Investment Property. 1st floor zoned Offices and Professional Uses. (Unit 1- 2Bed, 1Bath) (Unit2- 3Beds, 1 and 1/2Baths) (Unit 3- 1Bed, 1Bath) (Unit 4- 3Beds, 1Bath) (Unit 5- 2Beds, 2Baths) (Unit6- 3Beds, 1Bath) This unit is presently vacant and is being updated. Laundry Room has hook ups for 2 Washers & 2 Dryers. Being sold "As Is" condition.
ADDITIONAL INFORMATION
Here is a great opportunity to own a renovated multi-dwelling in an amazing location in Atlantic City. The property has a commercial space on the ground level and one rented studio apartment with a reliable tenant who pays $1150 per month. Additionally, the 2nd and 3rd floors have two fully renovated apartments with brand new bathrooms, kitchens, and appliances. The 2nd-floor unit is currently rented for $1650 per month, while the 3rd-floor unit is rented for $1500, a month-to-month lease, and available for showing with an appointment. The location is superb, with easy access to dining, shopping, and cultural centers, providing all necessary amenities within reach. It's just a block away from the famous casinos and beaches of Atlantic City. The whole building has views of the Absecon Lighthouse, the Ocean Casino, Hardrock, And Showboat, with a new Waterpark.
$1,500,000
925 Atlantic Atlantic City, NJ 08401
ADDITIONAL INFORMATION
Approved Green Zone! 1 Block to new Indoor Island Waterpark! Massive building with limitless potential, Super LOW Taxes! Located in the CBD zone, in the very heart of the city! Just one block to the Hardrock, Steel Pier, Ocean Casino, Resorsts, Margaritaville, and Showboat Casinos, and just 2 blocks to the worlds most famous beach and boardwalk! Close to Tanger Outlets, Gardners Basin, Borgate, Harrahs, Golden Nugget, Little Water Distillery, Back Bay Alehouse, The Seed Brewery, & Farley Marina. Building features two commercial spaces each of which are over 3000 square feet, over 6000 sqft combined. The top two floors are framed up to fit 8 three bedrooms and 4 one bedroom residential units. All the heavy lifting has been done, the property has been fully gutted done to the brickwork, all asbestos removed, the building is structurally sound, all new windows throughout, all new flooring joists, all floors are level, and all framed up for 12 residential units. Pro-forma and floor plans are available upon request. Purchase this property with your Crypto Currency!! Showings can be on Thursday afternoons only. Buy now with a few Bitcoins!
ADDITIONAL INFORMATION
10.6% CAP RATE!! INVESTOR ALERT - Turnkey Cash Flowing Commercial Mixed Use property! Located next to the new development site of a 125,000 Square foot agricultural museum. This Mix-use property consists of approximately 4,602 sq.ft. with a store front and 2 apartments. All units have separate gas and electric. First Floor is a Commercial storefront with 2 private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms with newly painted walls and carpet with a large private back deck. Apartment 2 is a two-level fully renovated/remodeled Two bedroom with Den/extra sleeping area. Also comes with a very large private deck off the kitchen. New Kitchen, Flooring, lighting, paint, doors, and all new trim. Located in the heart of it all!!! Close to the Atlantic City Hospital, Casinos, beach and boardwalk. Convenient location for Casino or Hospital workers!!! Annual NOI of $50,250 putting this listing at a 10.6% cap rate!! Rental Income: Storefront $2,500 or $30,000 per year with annual rent increase on a 10-year lease; Apartment One $1,650 or $19,800 per year; Apartment two $1,650 or $19,800 per year. Total annual income of $69,600. Annual Expenses: Water & Sewer $1,100.00 per year; Insurance $4,500 per year; Property Tax $8,750; Misc $5,000 per year.
ADDITIONAL INFORMATION
Investment opportunity! Discover 507 Adriatic Ave, a valuable duplex in Atlantic City's Bungalow Park. It generates close to $2,000 monthly, fully leased, promising steady returns. The house needs TLC and if renovated can double the current income. Each unit offers two bedrooms, meeting modern living demands in a cozy setting. The sizable backyard, ideal for parking, holds potential for future enhancements. Enjoy serene views of Gardiner's Basin while being just moments from the vibrant life of the boardwalk, beaches, and casinos. Bungalow Park is on the rise, increasingly favored for investment and residential purposes. This duplex, is near dining, shopping, and cultural centers, providing all necessities within reach. Sold "as is," it's a smart buy in Atlantic City's upswing. It is ideal for investors seeking to merge lifestyle with opportunity. Inquire today to explore the possibilities at 507 Adriatic Ave.
- Type:
- Multi-Family
- Sq.Ft.:
- 1,543
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.02 Acres
- Year built:
- 1925
- Baths:
- 2.00
- MLS#:
- 22326211
- Subdivision:
- None
View additional info
Courtesy: Realty Executives Exceptional
973-575-6700
Alexander Malaret
ADDITIONAL INFORMATION
CALLING ALL INVESTORS!!! HERE IS A 2 FAMILY JUST BLOCKS FROM THE BEACH, PARK, AQUARIUM, RESTAURANTS AND MORE! THE WATER IS ALL AROUND READY TO ENJOY & WITH CASINOS CLOSE BY. THIS NEIGHBORHOOD IS UP AND COMING. 4 BEDROOMS AND 2 BATH TOTAL READY FOR YOUR VISION! AND NEW CONSTRUCTION ALL AROUND. DON'T MISS THIS OPPORTUNITY IN THE HEART OF ATLANTIC CITY!!
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Atlantic City Real Estate
The median home value in Atlantic City, NJ is $230,500. This is lower than the county median home value of $301,600. The national median home value is $338,100. The average price of homes sold in Atlantic City, NJ is $230,500. Approximately 21.78% of Atlantic City homes are owned, compared to 56.24% rented, while 21.98% are vacant. Atlantic City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Atlantic City real estate agent to arrange a tour today!
Atlantic City, New Jersey has a population of 38,481. Atlantic City is less family-centric than the surrounding county with 21.75% of the households containing married families with children. The county average for households married with children is 26.78%.
The median household income in Atlantic City, New Jersey is $29,773. The median household income for the surrounding county is $66,473 compared to the national median of $69,021. The median age of people living in Atlantic City is 37.6 years.
Atlantic City Weather
The average high temperature in July is 83.3 degrees, with an average low temperature in January of 26.8 degrees. The average rainfall is approximately 40.4 inches per year, with 13.1 inches of snow per year.