Atlantic City, NJ 08401 Atlantic City, NJ 08401
MULTI_FAMILY - Atlantic City, NJ
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Standard status
- Active
- Size
- 5,385 SF
Listing agent Paula Hartman License #SP-9807299 (609) 271-7337
Listing office BHHS Fox & Roach Margate NJ
Listing date Mar 23, 2026
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Investment Insights
Based on property information with market context.
Located in Atlantic City’s Historic Chelsea neighborhood, the residences are described as steps from the Atlantic City Boardwalk with ocean views, placing entertainment and dining nearby, including casinos within minutes.
The offering is presented as a turn-key, income-generating property suitable for long-term or short-term use based on the configuration of three separate units.
Key Highlights
- Three fully renovated apartments in Atlantic City’s Chelsea neighborhood, just steps from the Boardwalk
- Triplex totals approx. 4,650 SF, with three 4‑bedroom, 2‑bath units (1,550 SF each)
- Ocean views from each residence with open‑concept living and center island kitchens
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.7k | $17.40 |
| − Vacancy | −$6.1k | −$1.13 |
| EGI | $87.6k | $16.27 |
| − OpEx | −$26.3k | −$4.88 |
| NOI | $61.3k | $11.39 |
