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    119 N Newark Ave Ventnor, NJ 08406

    Sponsored
    For Sale
    $799,500

    Duplex - Ventnor, NJ

    Type:Duplex
    Days on Market:
    8
    Last Refresh:
    Jan 30 at 10:06 pm

    Property Features for 119 N Newark Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den, Kitchen, Laundry, Workshop
    Bedrooms
    4
    Bathrooms
    2
    Parking features
    Garage, Garage - Attached
    Patio and Porch features
    Patio, Porch
    EntryLevel
    Lower,Upper
    Exterior features
    Fenced Yard, Patio, Porch
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Dryer, Garbage Disposer, Microwave, Refrigerator

    Utilities

    Heating system
    Baseboard, Electric (Heating), Natural Gas, Propane (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Number of units
    2

    We can help!

    Listing Contact
    THOMAS CRITCHLEY

    PRUDENTIAL FOX and ROACH-144H (609) 822-4200

    Listing agent THOMAS CRITCHLEY, ABR, SFR (609) 822-4200 License #1007161

    Listing date Jan 23, 2026

    MLS# 604001 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Ventnor Duplex Near Beach

    This classic modern duplex, located close to the Margate/Ventnor border, blends timeless style with thoughtful upgrades. The property features two separate apartments, each with its own character and well-appointed finishes. The first-floor apartment showcases stained concrete flooring, two spacious bedrooms, and an open-concept kitchen highlighted by a granite center island. A comfortable living area with a kitchenette creates an ideal layout. The second-floor apartment impresses with hardwood floors, two generous bedrooms, and a large living area that flows seamlessly into a beautifully upgraded kitchen. This kitchen features custom cabinetry, stainless steel appliances, granite countertops, tile flooring, and a large center island. Outdoor living can be enjoyed from the expansive second-floor porch with awning, along with a cozy front patio. The property also features a modern solar panel system. The duplex is located near restaurants, entertainment venues, the boardwalk, and beaches. It is suitable as a primary residence, vacation home, or income-producing investment, and includes 4 bedrooms and 2 bathrooms, plus two utility rooms and a large full attic for added storage or expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Ventnor
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.4859
    Latitude
    39.3406

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    FAQs

    What type of property is this?
    Duplex - Classic modern duplex near the beach, boardwalk, and entertainment.
    Where is this duplex located?
    The property is located at 119 N Newark Ave Ventnor, NJ.
    What is the asking price?
    The asking price for this property is $799,500.
    What are key features of this property?
    This property features: - Ideally situated near the beach, boardwalk, restaurants, and entertainment.; - Two separate apartments offer flexibility for living or rental income.; - **Modern solar panel system for drastically reduced utility costs.**
    (609) 992-6847
    Request Owner's contact information
    119 N Newark Ave Ventnor, NJ 08406
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    Ventnor, NJ 08406
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 N Newark Ave Ventnor, NJ 08406
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    We can help!
    Listing Contact
    THOMAS CRITCHLEY
    Real Estate License ID: 1007161
    (609) 992-6847
    Learn more
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