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2514 Atlantic Ave 2514 Atlantic Ave 8 Unit Apartment Building $1,199,000 ($149,875/Unit) 8.39% Cap Rate Atlantic City, NJ 08401

Apartment Buildings New Jersey Atlantic City 2514 Atlantic Ave, Atlantic City, NJ 08401

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Investment Highlights

  • Wonderful investment opportunity in a prime Atlantic Ave
  • Efficient on-site management
  • Well-maintained mixed-use building

Executive Summary

Wonderful investment opportunity in a prime Atlantic Ave location featuring 8 residential apartment units and 1 ground-floor retail convenience store with a long-term lease in place. This well-maintained mixed-use building offers strong, stable income from long-term tenants with significant upside potential through future rent growth. A live-in superintendent provides efficient on-site management, making this a low-maintenance, high-yield asset perfect for investors seeking reliable cash flow and long-term portfolio growth.

Property Facts Under Contract

Price $1,199,000 Apartment Style Low-Rise
Price Per Unit $149,875 Building Class C
Sale Type Investment Lot Size 0.04 AC
Cap Rate 8.39% Building Size 7,392 SF
No. Units 8 No. Stories 2
Property Type Multifamily Year Built 1950
Property Subtype
Apartment
  • General Retail Storefront
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning NC-2 - Commercial
Price $1,199,000
Price Per Unit $149,875
Sale Type Investment
Cap Rate 8.39%
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront
Apartment Style Low-Rise
Building Class C
Lot Size 0.04 AC
Building Size 7,392 SF
No. Stories 2
Year Built 1950
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning NC-2 - Commercial

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector
1 1
Walk Score®
Walker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
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of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 02-00165-0000-00001 Improvements Assessment $352,000
Land Assessment $54,000 Total Assessment $406,000

Property Taxes

Parcel Number
02-00165-0000-00001
Land Assessment
$54,000
Improvements Assessment
$352,000
Total Assessment
$406,000
(201) 796-7777

Still interested?

Contact the broker for more information about this property

Contact

  • Edan Young
    Edan Young

  • Listing ID: 36871526

  • Date on Market: 7/22/2025

  • Last Updated:

  • Address: 2514 Atlantic Ave, Atlantic City, NJ 08401

More public record information on 2514 Atlantic Ave, Atlantic City, NJ 08401

The Chelsea Multifamily Property at 2514 Atlantic Ave, Atlantic City, NJ 08401 is currently available. Contact Exclusive Properties Realty LLC for more information.

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2514 Atlantic Ave | 2514 Atlantic Ave
(201) 796-7777 x

2514 Atlantic Ave | 2514 Atlantic Ave

Edan Young
(201) 796-7777

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