As-Is Two-Unit Duplex
1621 Emerson Place Atlantic City, NJ 08401
For Sale
$189,900
Pending
Two 2-bedroom, 1-bath units make up this as-is duplex investment property in Atlantic City.
Property Size1,672 SF
Days on Market17
Property Features for 1621 Emerson Place
General Information
- Standard status
- Pending
- Size
- 1,672 SF
- Property subtype
- MULTI-FAMILY / Fee Simple
Building Details
- Year Built
- 1969
Listing Agency:
A J Falciani Realty
(856) 692-8221
Listed By:
Lisa Sparks · License #1972234
(856) 692-8221
Source:
Compass
Added: Jul 7
Changed: Jul 21
Last Checked: Jul 22 at 8:14AM
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 A J Falciani Realty
Investment Insights
Based on property information with market context.
This duplex is being sold as-is and requires repairs and updating. The property consists of two units, each with two bedrooms and one bathroom, for a straightforward two-family layout suited to renovation and income-focused ownership.
The address is 1621 Emerson Place in Atlantic City. The listing states the property is approximately 1.5 miles from the Atlantic City Boardwalk and beaches, with access to public transportation and major regional routes including the Atlantic City Rail Line and the Atlantic City Expressway.
The seller states neither the seller nor the listing agent has made representations regarding the accuracy of the information provided. The buyer is responsible for conducting all due diligence, verification, research, and inspections, as well as obtaining any required certifications.
The address is 1621 Emerson Place in Atlantic City. The listing states the property is approximately 1.5 miles from the Atlantic City Boardwalk and beaches, with access to public transportation and major regional routes including the Atlantic City Rail Line and the Atlantic City Expressway.
The seller states neither the seller nor the listing agent has made representations regarding the accuracy of the information provided. The buyer is responsible for conducting all due diligence, verification, research, and inspections, as well as obtaining any required certifications.
Key Highlights
- Two 2‑bedroom, 1‑bath units duplex at 1621 Emerson Avenue in Atlantic City
- Built in 1969 and sold as‑is; seller never occupied
- Approximately 1.5 miles from the Atlantic City Boardwalk and beaches
Financial Insights For Apartment 5plus
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 | $32.3k | $19.32 |
| − Vacancy | −$1.9k | −$1.12 |
| EGI | $30.4k | $18.20 |
| − OpEx | −$13.7k | −$8.19 |
| NOI | $16.7k | $10.01 |
1,672 SF · lease $19.32/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.0K
$238.0K – $317.4K
NOI $19,041 @ 7.0% cap · market cap 10.03%
Second Best
Apartment 5plus
$239.1K
$209.2K – $278.9K
NOI $16,736 @ 7.0% cap · market cap 8.81%
Theoretical Best
Warehouse
$622.6K
$544.8K – $726.4K
NOI $43,585 @ 7.0% cap · market cap 22.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units make up this as-is duplex investment property in Atlantic City.
Where is this duplex located?
The property is located at 1621 Emerson Place Atlantic City, NJ.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units duplex at 1621 Emerson Avenue in Atlantic City; Built in 1969 and sold as‑is; seller never occupied; Approximately 1.5 miles from the Atlantic City Boardwalk and beaches
