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Waterfront Multifamily Development
For Sale
$3,200,000

239 N Arizona Avenue, Atlantic City, NJ 08401

New construction bayfront multifamily project with three buildings, private decks, garage parking, and four deep-water boat slips.

Property Size8,100 SF
Price / SF$395.06
Days on Market151

Property Features for 239 N Arizona Avenue

General Information

Standard status Active
Size 8,100 SF
Property subtype Multi-family

Additional Details

Multifamily Units 6
Listing Agency: Soleil Sotheby's International Realty - A
Listed By: ERIC MILLSTEIN
Source: Actionplusrealty
Added: Apr 6 Changed: Sep 2 Last Checked: Sep 1 at 8:29PM

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 Soleil Sotheby's International Realty - A

Investment Insights

Based on property information with market context.

New construction waterfront development on Absecon Island featuring three buildings with a total of six units, 18 bedrooms, and 12 bathrooms. The property includes six private decks with open-water views, 12 garage parking spaces, and additional off-street parking. Boating access is supported by a brand-new dock system and a new bulkhead, along with four deep-water boat slips.

The site is located at 239 N. Arizona Avenue and positioned bayfront with close access to Atlantic City casinos, beaches, boardwalk, dining, and entertainment.

Completion is scheduled for Summer 2026, with anticipated delivery on or about August 1, 2026. The offering is described as a condominium opportunity, with Airbnb and VRBO rentals permitted, and includes a five-year tax abatement.

Key Highlights

  • New construction bayfront multifamily project at 239 N. Arizona Avenue on Absecon Island with three buildings and six total units
  • 18 bedrooms and 12 bathrooms across the three buildings, with six private decks offering panoramic open‑water views
  • Includes 12 garage parking spaces plus additional off‑street parking

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Auto Parts Store Real Estate Agency Storage Facility Furniture & Home Goods Garden Center Accounting Firm

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,406
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

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?
Apartment building - New construction bayfront multifamily project with three buildings, private decks, garage parking, and four deep-water boat slips.
Where is this apartment building located?
The property is located at 239 N Arizona Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: New construction bayfront multifamily project at 239 N. Arizona Avenue on Absecon Island with three buildings and six total units; 18 bedrooms and 12 bathrooms across the three buildings, with six private decks offering panoramic open‑water views; Includes 12 garage parking spaces plus additional off‑street parking
More about this property
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