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New Construction Waterfront Apartment Buildings
For Sale
$3,200,000

239 N Arizona Ave, Atlantic City, NJ 08401

MULTI-FAMILY, Atlantic City, NJ

Property SizeContact for details
Days on Market105

Property Features for 239 N Arizona Ave

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Bedrooms 15
Bathrooms 12
Full bathrooms 12
Rooms Bedroom 2, Bedroom 12, Bathroom 6, Bathroom 1, Bathroom 7, Bathroom 11, Bedroom 3, Bedroom 11, Bedroom 10, Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 9, Bedroom 9, Laundry Room, Bedroom 13, Bathroom 12, Bathroom 8, Bedroom 14, Bathroom 10, Bedroom 5, Dining Room, Bedroom 4, Bedroom 15, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 8
Patio and Porch features Deck
Exterior features Bay View, Boat Slip, Curbs, Deck, Sidewalks
Appliances Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
Lot features Bay Front, Bulkheaded, Docks, Water View
Directions California Ave to the bay, make right.
Subdivision Atlantic City
Standard status Active

Taxes and HOA fees

Tax Year 2026

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public
Water front 1

Building Details

Number of units 6
Listing Agency: Soleil Sotheby's International Realty - A
Listed By: ERIC MILLSTEIN · License #1757387
Added: Jun 15 Changed: Sep 13 Last Checked: Sep 27 at 12:06PM
MLS# 608919

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 under-construction bayfront multifamily property comprises six units across three buildings, with 18 bedrooms and 12 bathrooms. The improvements include six private decks with open-water views, 12 garage parking spaces, additional off-street parking, four deep-water boat slips, a new dock system, and a new bulkhead. Residences are planned with central air, natural-gas heating, public water, and public sewer.

The property is located on Absecon Island in Atlantic City, near casinos, beaches, the boardwalk, dining, and entertainment. Completion is scheduled for Summer 2026, with anticipated delivery on or about August 1, 2026. Airbnb and VRBO rentals are permitted, and the property includes a five-year tax abatement. The six-unit configuration also supports corporate retreats, executive housing, and extended-stay accommodations as described in the property information.

Key Highlights

  • Six‑unit multifamily development arranged across three buildings
  • 18 bedrooms and 12 bathrooms
  • Six private decks with open‑water bay views

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Bayfront multifamily development with private decks, boating access, garage parking, and permitted short-term rentals.
Where is this apartment building located?
The property is located at 239 N Arizona Ave 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: Six‑unit multifamily development arranged across three buildings; 18 bedrooms and 12 bathrooms; Six private decks with open‑water bay views
More about this property
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