Recently Renovated Duplex
2521 Centennial Avenue Atlantic City, NJ 08401
2521 Centennial Avenue, Atlantic City, NJ, 08401
$225,000
For Sale
$225,000
Recently renovated Atlantic City duplex offers flexible living or investment options with both units available for rental.
Property Size814 SF
Price / SF$276.41
Days on Market79
Property Features for 2521 Centennial Avenue
General Information
- Standard status
- Active
- Size
- 814 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: May 5 Updated: Jul 22 at 6:02AM Checked: Jul 22 at 6:02AM
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 recently renovated duplex in Atlantic City provides a flexible configuration for owner-occupants and investors. The property includes two residential units, and it supports multiple use approaches such as living in one unit while renting the other, or renting both units for income.
Public remarks note a location in the heart of Atlantic City, within walking distance of the Tropicana and numerous restaurants and businesses. It is also described as less than a mile from bus and train stations and about three blocks from the boardwalk and beach.
The prior rental history provided in the remarks indicates that before renovations, each unit was rented for $650 per month. The property is also described as being well-suited for use as an Airbnb based on its proximity to local attractions and transit.
Public remarks note a location in the heart of Atlantic City, within walking distance of the Tropicana and numerous restaurants and businesses. It is also described as less than a mile from bus and train stations and about three blocks from the boardwalk and beach.
The prior rental history provided in the remarks indicates that before renovations, each unit was rented for $650 per month. The property is also described as being well-suited for use as an Airbnb based on its proximity to local attractions and transit.
Key Highlights
- Recently renovated duplex in Atlantic City with flexible living or investment options
- Dual‑unit rental setup: live in one unit and rent out the other, or rent out both
- Was previously rented at $650/month per unit (before renovations)
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 | $14.2k | $17.40 |
| − Vacancy | −$921 | −$1.13 |
| EGI | $13.2k | $16.27 |
| − OpEx | −$4.0k | −$4.88 |
| NOI | $9.3k | $11.39 |
814 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$132.4K
$115.9K – $154.5K
NOI $9,270 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$116.4K
$101.9K – $135.8K
NOI $8,148 @ 7.0% cap · market cap 3.62%
Theoretical Best
Warehouse
$303.1K
$265.2K – $353.7K
NOI $21,219 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Recently renovated Atlantic City duplex offers flexible living or investment options with both units available for rental.
Where is this duplex located?
The property is located at 2521 Centennial Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Recently renovated duplex in Atlantic City with flexible living or investment options; Dual‑unit rental setup: live in one unit and rent out the other, or rent out both; Was previously rented at $650/month per unit (before renovations)
