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4-Unit Multifamily Property
New
For Sale
$650,000

17 N Sovereign Ave, Atlantic City, NJ 08401

MULTI-FAMILY, Atlantic City, NJ

Property SizeContact for details
Days on Market5

Property Features for 17 N Sovereign Ave

General Information

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

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 Last Checked: Sep 19 at 8:06AM
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.

Investment Insights

Based on property information with market context.

This 4-unit multifamily property at 17 N. Sovereign Avenue includes natural gas heating, central air conditioning, public water, and public sewer service. The property was built in 1900 and has offsite parking. The room data identifies seven bedrooms across the building.

The property is in Atlantic City's Chelsea area, near Stockton University's Atlantic City campus, the beach and Boardwalk, casinos, shopping, dining, public transportation, and major roadways. Its location places residents near a range of established city amenities and transportation options.

Key Highlights

  • 4‑unit multifamily property
  • Built in 1900
  • Natural gas heating and central air

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Accounting Firm Electrical Service (Bike/Boat/Book/etc) Store Storage Facility Locksmith Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Natural gas heating, central air, and public utilities support this multifamily asset.
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 $650,000.
What are key features of this property?
This property features: 4‑unit multifamily property; Built in 1900; Natural gas heating and central air
More about this property
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