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Four-Unit Multifamily Property

17 N Sovereign Ave, Atlantic City, NJ 08401

For Sale
$645,000

MULTI-FAMILY, Atlantic City, NJ

Property SizeContact for details
Days on Market53

Property Features for 17 N Sovereign Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Rooms Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 5
Parking features Offsite
Directions Located in Atlantic City's Chelsea neighborhood, 3 blocks from Boardwalk.
Subdivision Atlantic City
Standard status Active

Additional Details

Tenant in Place Yes
Individually Metered Utilities electricity, gas

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 9975

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1900
Number of units 4
Listing Agency: WEICHERT REALTORS ASBURY GROUP-AC
Listed By: Silvette Rivera · License #1864018
Added: Sep 15 Changed: Oct 28 Last Checked: Nov 6 at 10:06PM
MLS# 611904

Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This four-unit multifamily property in Atlantic City was built in 1900. Its layout includes three two-bedroom apartments and one one-bedroom apartment. Three units are occupied: two under month-to-month agreements and one with an active one-year lease; the fourth is vacant. Each apartment has separate gas and electric meters, with tenants responsible for those utilities. The property has natural gas heating, central air, public water, and public sewer.

The property is near Stockton University’s Atlantic City campus, the beach and Boardwalk, casinos, shopping, dining, public transportation, and major roadways.

Key Highlights

  • Four residential units in Atlantic City
  • Unit mix includes three two‑bedroom apartments and one one‑bedroom apartment
  • Three occupied units: two on month‑to‑month agreements and one on an active one‑year lease

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,411
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Quadplexes in Atlantic County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Separate gas and electric meters serve each apartment, and residents handle their own utility accounts.
Where is this quadplex located?
The property is located at 17 N Sovereign Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Four residential units in Atlantic City; Unit mix includes three two‑bedroom apartments and one one‑bedroom apartment; Three occupied units: two on month‑to‑month agreements and one on an active one‑year lease
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