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    18 N Sovereign Ave Atlantic City, NJ 08401

    For Sale
    $625,000

    4 - 10 Units - Atlantic City, NJ

    Days on Market:
    259
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for 18 N Sovereign Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2
    Patio and Porch features
    Porch
    Exterior features
    Porch
    Appliances
    Refrigerator

    Utilities

    Heating system
    Natural Gas, Other (Heating)

    Building Details

    Number of units
    5

    Berkshire Hathaway HomeServices Fox & Roach (609) 646-1900

    Listing agent CHAK (LEON) TONG (609) 646-1900 License #SP-9701042

    Listing date Mar 24, 2025

    MLS# 593927 Listing URL

    Copyright © 2025 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 Multifamily Investment Property

    This multifamily property, located in Atlantic City, New Jersey, features five units and maintains 100% occupancy. The property is zoned R-2 and is situated in close proximity to a school, casino, and various transportation options. This residential income property offers an investment opportunity in a well-connected area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

    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
    -74.4515114
    Latitude
    39.3540072

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    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property with full occupancy near amenities.
    Where is this apartment building located?
    The property is located at 18 N Sovereign Ave Atlantic City, NJ.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - 100% Occupancy; - Five Units; - Located in AC (Atlantic City)
    (609) 646-1900
    Request Owner's contact information
    18 N Sovereign Ave Atlantic City, NJ 08401
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    Atlantic City, NJ 08401
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    Realmo Value Estimation

    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.

    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.

    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
    18 N Sovereign Ave Atlantic City, NJ 08401
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