Bay-View Duplex with Two
For Sale
$569,000
125 N Kingston Ave, Atlantic City, NJ 08401
Brick two-unit property with separate utilities, laundry, and bay-facing outdoor space.
Property Size2,706 SF
Price / SF$210.27
Days on Market17
Property Features for 125 N Kingston Ave
General Information
Standard status
Active
Size
2,706 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
in-unit washer/dryer
Building Details
Year Built
1920
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Realty Jersey Shore - Ocean City
Listed By:
Ben Kruse
(609) 204-7891
Source:
Choosekruse
Added: Sep 20
Changed: Oct 6
Last Checked: Oct 5 at 6:24PM
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 Keller Williams Realty Jersey Shore - Ocean City
Investment Insights
Based on property information with market context.
This brick duplex contains approximately 2,706 square feet across two separate residences. The upper unit includes three bedrooms and 1.5 baths, while the lower unit offers two bedrooms and 1.5 baths. Each residence has its own washer and dryer, tankless water heater, and gas and electric utilities. Improvements include updated flooring and bathrooms, electrical and plumbing work, and a newer roof. The lower residence also has a primary bedroom and a large deck oriented toward the bay.
The upper unit is occupied by tenants, and the property provides bay views from its Atlantic City setting. The address is near the beach, Richmond Avenue School, shopping, dining, and transportation. Built in 1920, the two-unit layout supports separate residential use within one property.
The upper unit is occupied by tenants, and the property provides bay views from its Atlantic City setting. The address is near the beach, Richmond Avenue School, shopping, dining, and transportation. Built in 1920, the two-unit layout supports separate residential use within one property.
Key Highlights
- Two‑unit brick duplex with approximately 2,706 square feet
- Upper unit: 3 bedrooms and 1.5 baths; lower unit: 2 bedrooms and 1.5 baths
- Bay views with a large bay‑facing deck at the lower unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,817
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,340
$616.3K
Cap Rate 7%
$440,243
$440.2K
Cap Rate 9%
$342,411
$342.4K
Market Conditions
NOI Build-Up for 2,706 SF
Gross rent
$47.1K $17.40/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$44.0K $16.27/SF
− OpEx
−$13.2K −$4.88/SF
NOI
$30.8K $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%
$616,340
Cap Rate 7%
$440,243
Cap Rate 9%
$342,411
Alternative Uses
Best Use
Multifamily LT 5
$440.2K
$385.2K – $513.6K
NOI $30,817 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$386.9K
$338.6K – $451.4K
NOI $27,086 @ 7.0% cap · market cap 4.76%
Theoretical Best
Warehouse
$1.01M
$881.7K – $1.18M
NOI $70,539 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
674
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick two-unit property with separate utilities, laundry, and bay-facing outdoor space.
Where is this duplex located?
The property is located at 125 N Kingston Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Two‑unit brick duplex with approximately 2,706 square feet; Upper unit: 3 bedrooms and 1.5 baths; lower unit: 2 bedrooms and 1.5 baths; Bay views with a large bay‑facing deck at the lower unit
