Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15 S Florida Ave Atlantic City, NJ 08401

    Sponsored
    For Sale
    $290,000

    Triplex - Atlantic City, NJ

    Type:Triplex
    Days on Market:
    6
    Last Refresh:
    Feb 2 at 11:06 am

    Property Features for 15 S Florida Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    RS-C
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    3

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1920
    Number of units
    3

    We can help!

    Listing Contact
    Jasmin Elalfy

    NJ Elite Group LLC (732) 523-0757

    Listing agent Jasmin Elalfy (732) 523-0757 License #1863633

    Listing date Jan 28, 2026

    MLS# 603917 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

    Atlantic City Triplex Near Beach

    This triplex is located less than two blocks from the beach in Atlantic City, New Jersey. The property features three distinct units: the first floor has two bedrooms, the second floor is a one-bedroom apartment, and the third floor contains another two-bedroom unit. A full, unfinished basement provides additional storage or potential utility space. The property includes off-street parking. Located in Ducktown, the property is convenient to local amenities, transit options, and the Boardwalk. The first and second floors are currently occupied. The zoning is RS-C.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Gym & Fitness Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic City
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.4413085
    Latitude
    39.3559796

    Nearby Similar for Sale

    • $1,900,000

      New Construction Duplex Near Beach

      Luxury duplex in Atlantic City's historic Lower Chelsea neighborhood.
      39 S Annapolis Ave, Atlantic City, NJ 08401
      View Details
    • $1,995,000

      Renovated Multifamily Building Near Stockton University

      Nine-unit multifamily building near Stockton University and the beach.
      3809 Ventnor Ave, Atlantic City, NJ 08401
      View Details
    • $999,000
      4,620 SF

      Atlantic City Multifamily Investment Opportunity

      Steps from the Boardwalk with ocean views and redevelopment potential.
      111 Oriental Ave, Atlantic City, NJ 08401
      View Details
    • New
      $400,000
      2,000 SF

      New Construction Duplex Near Beach

      New construction duplex near the beach and Atlantic City attractions.
      705 Arctic Ave, Atlantic City, NJ 08401
      View Details
    • $1,200,000
      2,730 SF

      Waterfront Multifamily with Marina Potential

      Unique multifamily property with marina potential and deep-water boat slips.
      555 N Maryland Ave, Atlantic City, NJ 08400
      View Details
    • $824,900
      1,628 SF

      Versatile Income Property Near Beach

      Multi-unit property near the beach with income potential.
      101 N Brighton Ave, Atlantic City, NJ 08401
      View Details
    • $1,200,000
      2,730 SF

      Waterfront Triplex with Marina Potential

      Waterfront triplex with marina rights and rental income potential.
      555 N Maryland Ave, Atlantic City, NJ 08401
      View Details
    • $1,350,000

      Updated Beach-Block Home with Income

      Updated 7BR home with legal duplex near beach.
      108 S Dover Ave, Atlantic City, NJ 08401
      View Details
    • $1,649,900
      5,385 SF

      Renovated Beachfront Triplex in Atlantic City

      Fully renovated triplex with designer apartments near the Boardwalk.
      114 S Raleigh Ave, Atlantic City, NJ 08401
      View Details
    • $699,900

      Mixed-Use Property Near Beach

      Mixed-use property near the beach and boardwalk in Atlantic City.
      4215-17 Ventnor Ave, Atlantic City, NJ 08401
      View Details
    • New
      $1,399,000
      0.07 Acres

      Margate Duplex with Expansion Potential

      Coastal duplex in Margate, steps from the beach, with expansion potential.
      9406 Pacific Ave, Margate, NJ 08402
      View Details
    • New
      $1,399,000
      0.07 Acres

      Margate Duplex with Expansion Potential

      Coastal duplex in Margate with potential for expansion or new construction.
      9406 Pacific Ave, Margate, NJ 08402
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex near the beach with income-producing potential in Atlantic City.
    Where is this triplex located?
    The property is located at 15 S Florida Ave Atlantic City, NJ.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: - Proximity to the beach (just under two blocks); - Income-producing triplex with two of three units currently occupied; - Enjoy the convenience of off-street parking
    (732) 213-3540
    Request Owner's contact information
    15 S Florida Ave Atlantic City, NJ 08401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 S Florida Ave
    Atlantic City, NJ 08401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    15 S Florida Ave Atlantic City, NJ 08401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jasmin Elalfy
    Real Estate License ID: 1863633
    (732) 213-3540
    Learn more
    Google sign-in failed. Please try again or use another login method.