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    1916 Magellan Ave Atlantic City, NJ 08400

    For Sale
    $289,000

    MULTI_FAMILY - Atlantic City, NJ

    Property size:
    1,478 SF
    Lot size:
    0.03 Acres
    Days on Market:
    80
    Last Refresh:
    Dec 7 at 12:06 am

    Property Features for 1916 Magellan Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 2, Basement, Bedroom 4, Bedroom 3, Bathroom 1
    Bedrooms
    4
    Bathrooms
    2
    APN
    02-00492-0000-00009
    Size
    1,478 SF
    Lot size
    0.03 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2

    NJ Elite Group LLC (732) 523-0757

    Listing agent Nicholas Bosco Jr. (732) 523-0757

    Listing date Sep 19, 2025

    Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean 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 Two-Family Property

    This two-family property is located in Atlantic City, New Jersey. Each of the two units features 2 bedrooms, 1 bathroom, and a full kitchen. The first-floor unit has been fully renovated. Photos of the renovated first-floor unit were taken prior to the current tenant moving in. The second-floor unit is vacant and ready for occupancy. Both units have updated mechanical systems, including a newer hot water heater and new forced-air heating systems. The property has a lot size of 0.03 acres and a property size of 1478 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -74.440121
    Latitude
    39.367252

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with renovated first-floor unit and updated mechanicals.
    Where is this duplex located?
    The property is located at 1916 Magellan Ave Atlantic City, NJ.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: - Fully renovated first-floor unit with photos available.; - Second-floor unit is vacant and ready for occupancy.; - Two-family property offering potential rental income.
    (732) 523-0757
    Request Owner's contact information
    1916 Magellan Ave Atlantic City, NJ 08400
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    Atlantic City, NJ 08400
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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
    1916 Magellan Ave Atlantic City, NJ 08400
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