Income Duplex with Two 2-Bed
2510 Arctic Avenue Atlantic City, NJ 08401
2510 Arctic Avenue, Atlantic City, NJ, 08401
$263,000
For Sale
$263,000
Duplex in Atlantic City offers two 2-bedroom units, with one vacant and one leased on a yearly term.
Property Size1,224 SF
Price / SF$214.87
Days on Market124
Property Features for 2510 Arctic Avenue
General Information
- Standard status
- Active
- Size
- 1,224 SF
- Property subtype
- MULTI-FAMILY / Duplex
Listing agency
BHHS FOX and ROACH-Northfield
(609) 334-0238
Listed by
GORAN CEDEVSKI · License #1755689
(609) 334-0238
Source
Compass
Added: Mar 20 Updated: Jul 21 at 4:59AM Checked: Jul 21 at 4:59AM
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 BHHS FOX and ROACH-Northfield
Investment Insights
Based on property information with market context.
This duplex features two separate 2-bedroom units. Unit 1 is currently vacant, offering flexibility for an owner-occupant or the ability to prepare for immediate occupancy. Unit 2 is currently rented on a yearly lease and provides an established income stream.
The property is located in Atlantic City near schools, restaurants, casinos, and popular attractions, supporting convenient day-to-day access for tenants.
As a residential income property configured as two independent units, it can suit investors seeking an income-producing duplex or owners looking for the option to live in one unit while renting the other.
The property is located in Atlantic City near schools, restaurants, casinos, and popular attractions, supporting convenient day-to-day access for tenants.
As a residential income property configured as two independent units, it can suit investors seeking an income-producing duplex or owners looking for the option to live in one unit while renting the other.
Key Highlights
- Duplex in Atlantic City with two 2‑bedroom units: Unit 1 vacant and Unit 2 occupied on a yearly lease
- Unit 1 (2BR) currently vacant with estimated rental potential of approximately $1,800 per month
- Unit 2 (2BR) rented on a yearly lease at $1,100 per month
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 | $21.3k | $17.40 |
| − Vacancy | −$1.4k | −$1.13 |
| EGI | $19.9k | $16.27 |
| − OpEx | −$6.0k | −$4.88 |
| NOI | $13.9k | $11.39 |
1,224 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$199.1K
$174.2K – $232.3K
NOI $13,939 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$175.0K
$153.2K – $204.2K
NOI $12,252 @ 7.0% cap · market cap 4.66%
Theoretical Best
Warehouse
$455.8K
$398.8K – $531.8K
NOI $31,907 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex in Atlantic City offers two 2-bedroom units, with one vacant and one leased on a yearly term.
Where is this duplex located?
The property is located at 2510 Arctic Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $263,000.
What are key features of this property?
This property features: Duplex in Atlantic City with two 2‑bedroom units: Unit 1 vacant and Unit 2 occupied on a yearly lease; Unit 1 (2BR) currently vacant with estimated rental potential of approximately $1,800 per month; Unit 2 (2BR) rented on a yearly lease at $1,100 per month
