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

    322 N Tennessee Ave Atlantic City, NJ 08401

    Sponsored
    For Sale
    $295,000

    Duplex - Atlantic City, NJ

    Type:Duplex
    Property size:
    1,814 SF
    Days on Market:
    15
    Last Refresh:
    Feb 6 at 7:06 pm

    Property Features for 322 N Tennessee Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    RM2
    Rooms
    Kitchen, Laundry
    Patio and Porch features
    Deck
    Exterior features
    Curbs, Deck, Sidewalks
    Appliances
    Refrigerator
    Size
    1,814 SF

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Natural Gas

    Building Details

    Number of units
    2

    We can help!

    Listing Contact
    GERARD (Jerry) BARKER

    WEICHERT REALTORS ASBURY GROUP-AC (609) 344-6200

    Listing agent GERARD (Jerry) BARKER (609) 344-6200 License #0566410

    Listing date Jan 23, 2026

    MLS# 604154 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 Duplex Investment Opportunity

    This duplex features two apartments, each with two bedrooms, currently rented for $1750 per month. Both units have been renovated and include vinyl plank flooring, natural gas cooking, natural gas hot water baseboard heating, eat-in kitchens with decks, large living rooms, one full bathroom, and washer/dryer hook-ups. The property offers ample parking in the back and along Tennessee and Drexel Avenues. Conveniently located near the AC Expressway and Route 30 (White Horse Pike), it provides easy access in and out of the city. It is also situated close to NY Ave School, the AC Convention Center, and the Outlets at the Tanger Walk shopping center. A short two-minute drive will take you to the Borgata, Harrahs, and Golden Nugget hotel and casinos, the Absecon Lighthouse, and the Jersey Shore beaches and Boardwalk. The property's location, combined with double-digit cap rates, positive cash flow, and low maintenance, makes it an ideal investment. The property is zoned RM2. The property size is 1814 Square Feet. Tenants are responsible for their own gas and electric bills, and various forms of public transportation are available in the neighborhood. Intended use of the property is residential income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center 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
    -74.4315058
    Latitude
    39.3670477

    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
    • $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
    • $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
    • $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?
    Duplex - Renovated duplex with positive cash flow in booming market.
    Where is this duplex located?
    The property is located at 322 N Tennessee Ave Atlantic City, NJ.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Double-digit cap rates and positive cash flow, ideal for savvy investors.; - Two renovated 2-bedroom apartments, each generating $1750/month in rental income.; - Convenient location near AC Expressway & Route 30, providing easy access in and out of the city, plus proximity to casinos and beaches.
    (609) 344-6200
    Request Owner's contact information
    322 N Tennessee 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.
    322 N Tennessee 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
    322 N Tennessee 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
    GERARD (Jerry) BARKER
    Real Estate License ID: 0566410
    (609) 344-6200
    Learn more
    Google sign-in failed. Please try again or use another login method.