Atlantic City Duplex Investment
2402 Auburn Terrace, Atlantic City, NJ 08401
Well-located duplex near beach with income potential.
Type:Multi-Family / Duplex
Property size:
1,893 SFPrice / SF:
$169/SF- Added:
- Jan 2, 2026
- Days on Market:
- 150
- Last Refresh:
- Mar 13 at 3:04 pm
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 agent Christopher Burns License #2323067 (800) 299-2129
Listing office C21/ Action Plus Realty (800) 299-2129
Listing date Jan 2, 2026
Source Compass
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
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.
- One unit recently renovated with updated finishes.
- Suitable for both long‑term rental income and owner‑occupancy.
- Basement with walk‑out access and tenant storage.
Overview
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.
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 6.74%
Second Best
Apartment 5plus
$270.7K
$236.9K – $315.8K
NOI $18,948 @ 7.0% cap · market cap 5.92%
Theoretical Best
Warehouse
$704.9K
$616.8K – $822.4K
NOI $49,346 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Atlantic City
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.4419716
- Latitude
- 39.3579865
Nearby Similar for Sale
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 $320,000.
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.
