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$ 1,349,000
Est. payment | /mo
7 Baths
6,856 SqFt
$ 1,349,000
Est. payment | /mo
7 Baths
6,856 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,856 sqft
Price per Sqft $196
MLS Listing ID 601462
Full Baths 7
Annual Tax Amount $15,078
Tax Year 2025
Lot Size 6,856 Sqft
Property Sub-Type Triplex
Property Description
Welcome to 4021 Atlantic Ave, a rare oversized triplex spanning nearly 6,900 square feet and offering three income-producing residences just one block from the ocean. The property features a 6 bed, 3 bath two-story residence with ocean views currently rented for $2,900 per month; a 5 bed, 2 bath first-floor unit rented for $2,800 per month; and a 4 bed, 2 bath upper-level unit with ocean views rented for $2,800 per month. Together, the property generates $102,000 annually in gross rental income with strong tenants already in place. With its size, location, and NC-1 zoning, 4021 Atlantic Ave presents a range of opportunities. Investors can hold it as a turnkey rental with immediate cash flow, while owner-occupants may choose to live in one residence and rent the other two units. For those looking to the future, NC-1 zoning allows for neighborhood commercial development. Situated in the historic Lower Chelsea neighborhood near Stockton University, top restaurants, the city's casinos, and the iconic Boardwalk, this property benefits from consistent rental demand and long-term growth potential. This is a rare chance to acquire a large, income-generating property in one of Atlantic City's most desirable locations. Schedule your private showing today. Property is being sold in “AS-IS” condition. Buyer is responsible for CO.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details See Remarks,Water View
Interior
Heating Radiator
Exterior
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by MARKETPLACE REALTY
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Angela Desch
Broker & Area Leader | Lic# 0226655