Renovated Duplex with Detached
For Sale
$599,900
17 N Providence Ave, Atlantic City, NJ 08401
The two apartments have distinct bedroom and bathroom layouts, with central air conditioning serving the property.
Property Size1,822 SF
Price / SF$329.25
Days on Market8
Property Features for 17 N Providence Ave
General Information
Standard status
Active
Size
1,822 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
central air conditioning
porch
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty Jersey Shore - Ocean City
Listed By:
Ben Kruse
(609) 204-7891
Source:
Choosekruse
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:45PM
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 Atlantic City duplex contains approximately 1,822 square feet across two apartments. The first-floor residence has two bedrooms and one full bathroom; the upper apartment offers four bedrooms, two full bathrooms, and a half bath. A porch off the upper unit’s primary bedroom looks toward Atlantic City and its casinos.
Renovation work included the HVAC, plumbing, electrical systems, kitchens, and bathrooms, along with central air conditioning. A driveway provides space for multiple vehicles, and a detached garage adds parking or storage options. The property is a few blocks from the beach and near casinos, restaurants, and public transportation.
Renovation work included the HVAC, plumbing, electrical systems, kitchens, and bathrooms, along with central air conditioning. A driveway provides space for multiple vehicles, and a detached garage adds parking or storage options. The property is a few blocks from the beach and near casinos, restaurants, and public transportation.
Key Highlights
- Approximately 1,822 square feet across two units
- First‑floor apartment: 2 bedrooms and 1 full bathroom
- Upper apartment: 4 bedrooms, 2 full bathrooms, and 1 half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,749
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,980
$415.0K
Cap Rate 7%
$296,414
$296.4K
Cap Rate 9%
$230,544
$230.5K
Market Conditions
NOI Build-Up for 1,822 SF
Gross rent
$31.7K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$29.6K $16.27/SF
− OpEx
−$8.9K −$4.88/SF
NOI
$20.7K $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%
$414,980
Cap Rate 7%
$296,414
Cap Rate 9%
$230,544
Alternative Uses
Best Use
Multifamily LT 5
$296.4K
$259.4K – $345.8K
NOI $20,749 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$260.5K
$228.0K – $304.0K
NOI $18,238 @ 7.0% cap · market cap 3.04%
Theoretical Best
Warehouse
$678.5K
$593.7K – $791.6K
NOI $47,495 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,238
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 - The two apartments have distinct bedroom and bathroom layouts, with central air conditioning serving the property.
Where is this duplex located?
The property is located at 17 N Providence Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Approximately 1,822 square feet across two units; First‑floor apartment: 2 bedrooms and 1 full bathroom; Upper apartment: 4 bedrooms, 2 full bathrooms, and 1 half bath
