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Atlantic City Duplex Investment Opportunity

715 N Michigan Ave, Atlantic City, NJ 08401

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For Sale

$229,900

MULTI_FAMILY - Atlantic City, NJ

HighLights

Partially rented duplex near the corner of Magellan Ave and N. Michigan Ave
Second‑floor unit rented via Section 8 for over a year; first‑floor unit is vacant and ready for a new tenant
Red brick exterior with white vinyl wrapping around newer thermal windows; curbs and sidewalks
Utilities: separate gas and electric paid by tenants; landlord pays low water and sewer bills
Public utilities available: public water and public sewer
Heating: electric baseboard; cooling: window unit(s); appliances include electric stove, self‑cleaning oven, and refrigerator

We can help!

Listing Contact

GERARD (Jerry) BARKER

For Sale

$229,900

MULTI_FAMILY - Atlantic City, NJ

Added:: Dec 12, 2025
Days on Market:: 184
Last Refresh:: Jun 14 at 8:06 pm

Property Features for 715 N Michigan Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R3
Bedrooms: 4
Bathrooms: 2
Rooms: Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2
Exterior features: Curbs, Sidewalks
Appliances: Electric Stove, Refrigerator, Self Cleaning Oven
Standard status: Active

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 4894

Utilities

Sewer type: Public Sewer
Heating system: Baseboard, Electric (Heating)
Cooling system: Window Unit(s)
Water source: Public

Building Details

Number of units: 2

We can help!

Listing Contact

GERARD (Jerry) BARKER

Listing agent GERARD (Jerry) BARKER License #0566410

Listing office WEICHERT REALTORS ASBURY GROUP-AC 524 PACIFIC AVENUE, ATLANTIC CITY, NJ

Listing date Dec 12, 2025

MLS# 603069 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.

HighLights

Partially rented duplex near the corner of Magellan Ave and N. Michigan Ave
Second‑floor unit rented via Section 8 for over a year; first‑floor unit is vacant and ready for a new tenant
Red brick exterior with white vinyl wrapping around newer thermal windows; curbs and sidewalks
Utilities: separate gas and electric paid by tenants; landlord pays low water and sewer bills
Public utilities available: public water and public sewer
Heating: electric baseboard; cooling: window unit(s); appliances include electric stove, self‑cleaning oven, and refrigerator

Overview

This partially rented duplex presents an investment opportunity with a cap rate exceeding 13%. The property features a red brick exterior complemented by white vinyl wrapping around newer thermal windows. Each unit has separate gas and electric meters, paid by the tenants. The landlord is responsible for a low water and sewer bill. The second floor is currently rented through Section 8. The first floor is vacant, renovated, and ready for a new tenant. The property's location offers convenient access to the AC Expressway and Route 30 (White Horse Pike), facilitating travel in and out of the city. It is situated near MLK School, the AC Convention Center, and the Outlets at the Tanger Walk shopping center. A short drive away are the Borgata, Harrahs, and Golden Nugget hotels and casinos, the Absecon Lighthouse, and the Jersey Shore beaches and Boardwalk. This property is suitable for investors seeking positive cash flow in a growing real estate market. The property is zoned R3. The intended use of the property is as a multi-family residential income property.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Atlantic City
County: Atlantic
State: New Jersey
Longitude: -74.440583
Latitude: 39.366917

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For sale
Duplexes
NJ
Atlantic City
08401
715 N Michigan Ave

What type of property is this?

Duplex - Partially rented duplex with high cap rate near amenities.

Where is this duplex located?

The property is located at 715 N Michigan Ave Atlantic City, NJ.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: Partially rented duplex near the corner of Magellan Ave and N. Michigan Ave; Second‑floor unit rented via Section 8 for over a year; first‑floor unit is vacant and ready for a new tenant; Red brick exterior with white vinyl wrapping around newer thermal windows; curbs and sidewalks

715 N Michigan Ave, Atlantic City, NJ 08401

MULTI_FAMILY - Atlantic City, NJ

Property Features for 715 N Michigan Ave

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

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