Legally Zoned Duplex With Two
205 S Vermont Ave Ave Atlantic City, NJ 08401
For Sale
$540,000
MULTI_FAMILY - Atlantic City, NJ
Property Size2,312 SF
Price / SF$233.56
Days on Market420
Property Features for 205 S Vermont Ave Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Standard status
- Active
- Size
- 2,312 SF
Listing Agency:
BHHS Fox & Roach Northfield
Listed By:
Goran Cedevski · License #1755689
(609) 334-0238
Added: May 31, 2025
Changed: Jul 23
Last Checked: Jul 24 at 1:06AM
MLS# 596817
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 duplex offers two separate residential units with the legal structure to support duplex living. The upper unit features six bedrooms and two bathrooms, and the lower unit provides two bedrooms and one bathroom. Both units are currently rented.
The property is described as located on a beach block with the Atlantic City beach within a short walk.
Per the provided zoning information, the LH-2 Zoning District permits multi-family low-rise and mid-rise residential buildings, and it also lists opportunities for restaurants, bars, non-casino hotels, townhouses, and other uses. The duplex configuration provides flexibility for an owner-occupant or an investor seeking rental income from two units.
The property is described as located on a beach block with the Atlantic City beach within a short walk.
Per the provided zoning information, the LH-2 Zoning District permits multi-family low-rise and mid-rise residential buildings, and it also lists opportunities for restaurants, bars, non-casino hotels, townhouses, and other uses. The duplex configuration provides flexibility for an owner-occupant or an investor seeking rental income from two units.
Key Highlights
- Legal duplex zoned for the LH‑2 Zoning District, permitting multi‑family, low‑rise and mid‑rise residential buildings
- Duplex includes a 6‑bedroom, 2‑bath upper unit currently rented for $1,500/month
- Ground‑level unit features 2 bedrooms and 1 bathroom and is currently rented for $1,100/month
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 | $40.2k | $17.40 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $37.6k | $16.27 |
| − OpEx | −$11.3k | −$4.88 |
| NOI | $26.3k | $11.39 |
2,312 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.1K
$329.1K – $438.8K
NOI $26,330 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$330.6K
$289.3K – $385.7K
NOI $23,142 @ 7.0% cap · market cap 4.29%
Theoretical Best
Warehouse
$861.0K
$753.4K – $1.00M
NOI $60,268 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with a 2-bedroom, 1-bath unit and a 6-bedroom, 2-bath unit, both currently rented; LH-2 zoning.
Where is this duplex located?
The property is located at 205 S Vermont Ave Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Legal duplex zoned for the LH‑2 Zoning District, permitting multi‑family, low‑rise and mid‑rise residential buildings; Duplex includes a 6‑bedroom, 2‑bath upper unit currently rented for $1,500/month; Ground‑level unit features 2 bedrooms and 1 bathroom and is currently rented for $1,100/month
