Add Listing
    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

    151 S Ocean Ave Atlantic City, NJ 08403

    View on Map
    Claim this Listing
    Picture of Duplexes at 151 S Ocean Ave, Atlantic City, NJ
    For Sale
    $299,900

    Duplex - Atlantic City, NJ

    Type:Duplex
    Added:
    Oct 10, 2025
    Days on Market:
    190
    Last Refresh:
    Apr 17 at 2:06 pm

    Property Features for 151 S Ocean Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7087

    Utilities

    Heating system
    Natural Gas

    Building Details

    Number of units
    2

    We can help!

    Listing Contact
    MICHAEL MCMENAMIN

    Listing agent MICHAEL MCMENAMIN License #1109788

    Listing office BHHS FOX and ROACH-Margate 9218 VENTNOR AVE, NJ

    Listing date Oct 10, 2025

    MLS# 601294 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.

    Overview

    Atlantic City Beach Block Duplex

    This duplex property is located in Atlantic City, New Jersey, near the beach block. Situated steps from the boardwalk, the property offers proximity to the Orange Loop area. The property is being sold as is, and the buyer is responsible for all certifications and inspections. The property presents a renovation opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Center Daycare Center

    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
    -74.4254112
    Latitude
    39.3591839

    Nearby Similar for Sale

    • $324,900

      Atlantic City Retail Space Available

      Centrally located retail space in Atlantic City's business district.
      1410 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • $1,050,000
      10,000 SF

      Atlantic City Motel with Commercial

      Turn-key 25-unit motel with commercial space near Tropicana Casino.
      2741 PACIFIC AVENUE, ATLANTIC CITY, NJ 08401
      View Details
    • $369,000

      Atlantic City Duplex Investment Opportunity

      Two-unit property in Chelsea Heights, move-in ready with updates.
      432 WISTERIA Road, Atlantic City, NJ 08401
      View Details
    • $1,050,000

      Atlantic City Motel with Commercial

      Turn-key 25-unit motel with commercial space near Tropicana Casino.
      2741 Pacific Ave, Atlantic City, NJ 08401
      View Details
    • $1,050,000

      Atlantic City Motel with Commercial

      Turn-key 25-unit motel with commercial space near Tropicana Casino.
      2741 Pacific Ave, Atlantic City, NJ 08401
      View Details
    • $445,000
      2,707 SF

      Waterfront Duplex in Chelsea Heights

      Renovated 2-family property with high income potential.
      1830 E Riverside Drive, Atlantic City, NJ 08400
      View Details
    • $775,000

      Renovated Boardwalk Commercial Space

      Fully renovated commercial space on the Atlantic City Boardwalk.
      3101 Boardwalk, Atlantic City, NJ 08401
      View Details
    • $899,000

      Atlantic City Storefront Opportunity

      Prime commercial storefront in the heart of Atlantic City.
      1626-30 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • $449,999

      Prime Atlantic City Commercial Hotspot

      Bustling corner location ideal for retail, recreation, or mixed-use.
      2524 Arctic Ave Ave, Atlantic City, NJ 08401
      View Details
    • $449,999

      Atlantic City Retail Hotspot

      5,300 SF retail/mixed-use venue near Silk Road redevelopment.
      2524 Arctic Ave Ave, Atlantic City, NJ 08401
      View Details
    • $650,000

      Turnkey Atlantic City Two-Family

      Two-unit property with strong short-term rental income potential.
      117 SEASIDE AVE, Atlantic City, NJ 08401
      View Details
    • $100,000

      Atlantic City Cafe Business Opportunity

      Cozy cafe in Atlantic City's Ducktown neighborhood for sale.
      2323 Arctic Ave, Atlantic City, NJ 08401-9999
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex near the boardwalk, a blank canvas for renovation.
    Where is this duplex located?
    The property is located at 151 S Ocean Ave Atlantic City, NJ.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Beach block location in Atlantic City; Steps to the world‑famous boardwalk; Part of the Orange Loop
    (609) 892-8678
    We can help!
    Listing Contact
    MICHAEL MCMENAMIN
    Real Estate License ID: 1109788
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!