Legal Quadplex with Vacant Commercial
For Sale
$350,000
203 N S Carolina Ave, Atlantic City, NJ 08401
MULTI_FAMILY - Atlantic City, NJ
Property SizeContact for details
Days on Market151
Property Features for 203 N S Carolina Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Curbs, Sidewalks
Appliances
Gas Stove, Refrigerator, Self Cleaning Oven
Lot features
Boardwalk Area
Directions
Near Corner of Baltic and N. South Carolina
Subdivision
Atlantic City
Standard status
Active
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5658
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Number of units
4
Listing Agency:
WEICHERT REALTORS ASBURY GROUP-AC
(609) 344-6200
Listed By:
GERARD (Jerry) BARKER
(609) 481-7745
Added: Mar 26
Changed: Aug 2
Last Checked: Aug 23 at 5:06AM
MLS# 606047
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 legal quadplex includes residential units plus a commercial space that is currently vacant. The second floor one-bedroom apartment is leased via Section 8, while the top two floors are currently vacant. The residential units feature open floor plans with natural light and panoramic city views, gas cooking, vinyl plank flooring, and natural gas hot water baseboard heating. Appliances listed include a gas stove, refrigerator, and self-cleaning oven. Public water and public sewer service are in place, and exterior features include curbs and sidewalks.
At 203 N S Carolina Ave in Atlantic City, the property is described as being in close vicinity to City Hall, Tanger Outlets, and the area’s casinos, dining, and Jersey Shore attractions. Street parking only is noted.
The current residential configuration is described with investor-focused notes including a 13% cap rate and rights to assign or convert to a fourth unit.
At 203 N S Carolina Ave in Atlantic City, the property is described as being in close vicinity to City Hall, Tanger Outlets, and the area’s casinos, dining, and Jersey Shore attractions. Street parking only is noted.
The current residential configuration is described with investor-focused notes including a 13% cap rate and rights to assign or convert to a fourth unit.
Key Highlights
- Legal quadplex configuration with a vacant commercial space
- Second floor 1‑bedroom apartment leased via Section 8; top two floors currently vacant
- 13% cap rate noted in investor remarks
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,510
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Legal quadplex with a vacant commercial space, street parking only, and natural gas baseboard heat on public utilities.
Where is this quadplex located?
The property is located at 203 N S Carolina Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Legal quadplex configuration with a vacant commercial space; Second floor 1‑bedroom apartment leased via Section 8; top two floors currently vacant; 13% cap rate noted in investor remarks
