Atlantic City Duplex Investment
2402 Auburn Terrace Atlantic City, NJ 08401
2402 Auburn Terrace, Atlantic City, NJ, 08401
$280,000
For Sale
$280,000
Well-located duplex near beach with income potential.
Property Size1,893 SF
Price / SF$147.91
Days on Market270
Property Features for 2402 Auburn Terrace
General Information
- Standard status
- Active
- Size
- 1,893 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1900
Listing Agency
C21/ Action Plus Realty
(800) 299-2129
Listed by
Christopher Burns · License #2323067
(800) 299-2129
Source
Compass
Added: Oct 21, 2025 Checked: Jul 17 at 3:34 am
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 C21/ Action Plus Realty
Investment Insights
Based on property information with market context.
This duplex is located in Atlantic City's Ducktown neighborhood and features two units, each with 3 bedrooms and 1 full bathroom. One unit has been recently renovated. The property is located three blocks from the beach and Boardwalk, and a few blocks from Tanger Outlets and Stockton University's Atlantic City campus, with proximity to casinos, dining, and entertainment. Quality tenants are in place, allowing for immediate cash flow. The property has potential for long-term and rental income. The property size is 1893 square feet.
Key Highlights
- Prime location: just three blocks from the beach and Boardwalk, close to Tanger Outlets, Stockton University, casinos, dining, and entertainment.
- Duplex featuring two spacious 3‑bedroom units, offering income potential.
- Immediate cash flow with quality tenants already in place.
Local 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 | $32.9k | $17.40 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $30.8k | $16.27 |
| − OpEx | −$9.2k | −$4.88 |
| NOI | $21.6k | $11.39 |
1,893 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$308.0K
$269.5K – $359.3K
NOI $21,558 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$270.7K
$236.9K – $315.8K
NOI $18,948 @ 7.0% cap · market cap 6.77%
Theoretical Best
Warehouse
$704.9K
$616.8K – $822.4K
NOI $49,346 @ 7.0% cap · market cap 17.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-located duplex near beach with income potential.
Where is this duplex located?
The property is located at 2402 Auburn Terrace Atlantic City, NJ.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Prime location: just three blocks from the beach and Boardwalk, close to Tanger Outlets, Stockton University, casinos, dining, and entertainment.; Duplex featuring two spacious 3‑bedroom units, offering income potential.; Immediate cash flow with quality tenants already in place.
