Occupied Duplex with Renovated
1830 E Riverside Drive Atlantic City, NJ 08401
For Sale
$445,000
Occupied duplex featuring two recently renovated four-bedroom apartments, with one unit rented and one rent-ready.
Property Size2,707 SF
Price / SF$164.39
Days on Market44
Property Features for 1830 E Riverside Drive
General Information
Standard status
Active
Size
2,707 SF
Property subtype
Multi-family
Building Details
Year Built
1900
Listing Agency:
LPT Realty
Listed By:
ERIK EWELL
(800) 299-2129
Source:
Actionplusrealty
Added: Jun 16
Changed: Jul 27
Last Checked: Jul 29 at 12:02AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This occupied duplex offers two 4-bedroom apartments, with both units recently renovated. The property is set up to provide immediate income potential with one unit currently rented and the second unit described as rent ready.
Located in the Venice Park area of the Jersey shore in Atlantic City, NJ. The duplex configuration is designed for straightforward two-unit rental occupancy.
Each unit is a four-bedroom layout, and the current interior updates support use as residential rental space. This is a duplex investment property with an occupancy mix of tenant-occupied and available for rental.
Located in the Venice Park area of the Jersey shore in Atlantic City, NJ. The duplex configuration is designed for straightforward two-unit rental occupancy.
Each unit is a four-bedroom layout, and the current interior updates support use as residential rental space. This is a duplex investment property with an occupancy mix of tenant-occupied and available for rental.
Key Highlights
- Occupied duplex built in 1900, featuring two 4‑bedroom apartments
- Both units have been recently renovated
- One unit is currently rented for $2,500
Financial Insights For Multifamily LT 5
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 | $47.1k | $17.40 |
| − Vacancy | −$3.1k | −$1.13 |
| EGI | $44.0k | $16.27 |
| − OpEx | −$13.2k | −$4.88 |
| NOI | $30.8k | $11.39 |
2,707 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$440.4K
$385.4K – $513.8K
NOI $30,828 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$387.1K
$338.7K – $451.6K
NOI $27,096 @ 7.0% cap · market cap 6.09%
Theoretical Best
Warehouse
$1.01M
$882.1K – $1.18M
NOI $70,565 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Occupied duplex featuring two recently renovated four-bedroom apartments, with one unit rented and one rent-ready.
Where is this duplex located?
The property is located at 1830 E Riverside Drive Atlantic City, NJ.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Occupied duplex built in 1900, featuring two 4‑bedroom apartments; Both units have been recently renovated; One unit is currently rented for $2,500
