203 N S Carolina Ave Atlantic City, NJ 08401
MULTI_FAMILY - Atlantic City, NJ
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
- 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 agent GERARD (Jerry) BARKER (609) 481-7745
Listing office WEICHERT REALTORS ASBURY GROUP-AC 524 PACIFIC AVENUE, ATLANTIC CITY, NJ (609) 344-6200
Listing date Mar 26, 2026
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.
The property is located at 203 N S Carolina Ave in Atlantic City, New Jersey. Parking is described as street parking only. The remarks indicate the building is in close vicinity to City Hall, Tanger Outlets, multiple casinos, dining and nightlife, and the Jersey Shore beaches and boardwalk.
From a tenant and operator standpoint, the current configuration offers rental income from the Section 8-leased one-bedroom while leaving additional residential space available, as reflected by the top-floor vacancy noted in the remarks. The listing also mentions the potential to convert back to a four-unit setup, subject to applicable city requirements, and to pursue assignment options as described in the remarks. The unit mix and currently available space can support scenarios where an operator is looking to lease multiple residential levels and reposition the vacant commercial area.
Key Highlights
- Legal quadplex with investor remarks stating 13% cap rate on this triplex, with rights to assign or convert to a fourth unit
- Commercial space is currently vacant
- Second‑floor 1‑bedroom apartment is leased via Section 8; city CO allows 3‑person max limit
