Duplex with Studio
New
For Sale
$430,000
1532 Emerson Ave, Atlantic City, NJ 08401
Two vacant residences offer distinct bedroom and bathroom layouts, plus a studio in the converted garage.
Property Size2,531 SF
Price / SF$169.89
Days on Market3
Property Features for 1532 Emerson Ave
General Information
Standard status
Active
Size
2,531 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
studio space
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Keller Williams Realty Jersey Shore - Ocean City
Listed By:
Ben Kruse
(609) 204-7891
Source:
Choosekruse
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 5 at 6:26PM
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.
At 1532 Emerson Ave, this 2,531-square-foot duplex contains two vacant units: a first-floor residence with three bedrooms and two full bathrooms, and an upper-floor unit with two bedrooms and one bathroom. A converted garage provides additional studio space. The property was built in 1900 and has a newer roof and updated mechanical systems.
The duplex is in the Venice Park neighborhood of Atlantic City, with beaches, dining, casinos and transit described as minutes away. Both units are vacant, and the building has received recent updates.
The duplex is in the Venice Park neighborhood of Atlantic City, with beaches, dining, casinos and transit described as minutes away. Both units are vacant, and the building has received recent updates.
Key Highlights
- 2,531‑square‑foot duplex built in 1900
- First‑floor unit has 3 bedrooms and 2 full bathrooms
- Upper‑floor unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,824
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,480
$576.5K
Cap Rate 7%
$411,771
$411.8K
Cap Rate 9%
$320,267
$320.3K
Market Conditions
NOI Build-Up for 2,531 SF
Gross rent
$44.0K $17.40/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$41.2K $16.27/SF
− OpEx
−$12.4K −$4.88/SF
NOI
$28.8K $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%
$576,480
Cap Rate 7%
$411,771
Cap Rate 9%
$320,267
Alternative Uses
Best Use
Multifamily LT 5
$411.8K
$360.3K – $480.4K
NOI $28,824 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$361.9K
$316.7K – $422.3K
NOI $25,335 @ 7.0% cap · market cap 5.89%
Theoretical Best
Warehouse
$942.5K
$824.7K – $1.10M
NOI $65,977 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
338
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?
Duplex - Two vacant residences offer distinct bedroom and bathroom layouts, plus a studio in the converted garage.
Where is this duplex located?
The property is located at 1532 Emerson Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2,531‑square‑foot duplex built in 1900; First‑floor unit has 3 bedrooms and 2 full bathrooms; Upper‑floor unit has 2 bedrooms and 1 bathroom
