Fully Occupied
For Sale
$750,000
104 South Massachusetts Avenue, Atlantic City, NJ 08401
Four residential units feature gas cooking, window units, vinyl exterior siding, and a fenced yard.
Property Size2,688 SF
Price / SF$279.02
Days on Market347
Property Features for 104 South Massachusetts Avenue
General Information
Standard status
Active
Size
2,688 SF
Property subtype
MULTI-FAMILY / 4 - 10 Units
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,577
Amenities
Gas-Natural
Gas Stove, Refrigerator, Self Cleaning Oven
Window Units
Vinyl
Curbs, Fenced Yard, Sidewalks
Building Details
Year Built
1930
Buildings
1
Units
4
Listing Agency:
WEICHERT REALTORS ASBURY GROUP-AC
Listed By:
GERARD (Jerry) BARKER · License #0566410
(609) 481-7745
Source:
Compass
Added: Oct 25, 2025
Changed: Oct 6
Last Checked: Oct 5 at 8:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WEICHERT REALTORS ASBURY GROUP-AC
Investment Insights
Based on property information with market context.
This 2,688-square-foot quadplex contains four residential units and was built in 1930. Interior features include natural gas service, gas stoves, refrigerators, self-cleaning ovens, and window units. Vinyl siding, a fenced yard, curbs, and sidewalks serve the property, which is fully occupied.
The building is located one block from the Atlantic Ocean beaches and the Jersey Shore Boardwalk, with the Ocean Casino Resort nearby. Its four-unit configuration and existing occupancy provide a defined multifamily format in a coastal setting.
The building is located one block from the Atlantic Ocean beaches and the Jersey Shore Boardwalk, with the Ocean Casino Resort nearby. Its four-unit configuration and existing occupancy provide a defined multifamily format in a coastal setting.
Key Highlights
- Four‑unit multifamily building with 2,688 SF
- Fully occupied residential property
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,612
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,240
$612.2K
Cap Rate 7%
$437,314
$437.3K
Cap Rate 9%
$340,133
$340.1K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$46.8K $17.40/SF
− Vacancy
−$3.0K −$1.13/SF
EGI
$43.7K $16.27/SF
− OpEx
−$13.1K −$4.88/SF
NOI
$30.6K $11.39/SF
Area
Atlantic County, NJ
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,240
Cap Rate 7%
$437,314
Cap Rate 9%
$340,133
Alternative Uses
Best Use
Multifamily LT 5
$437.3K
$382.7K – $510.2K
NOI $30,612 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$384.4K
$336.3K – $448.4K
NOI $26,906 @ 7.0% cap · market cap 3.59%
Theoretical Best
Warehouse
$1.00M
$875.9K – $1.17M
NOI $70,070 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 08401, NJ
38,536
Population
20,116
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
76%
High-School Grad
10.7 sq mi
ZIP Area
3,601
Density / Sq Mi
$36,375
Median Household Income
$28,915
Median Earnings
$1,086
Median Rent
$189,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature gas cooking, window units, vinyl exterior siding, and a fenced yard.
Where is this quadplex located?
The property is located at 104 South Massachusetts Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit multifamily building with 2,688 SF; Fully occupied residential property; Built in 1930
