Recently Renovated Duplex
2521 Centennial Ave Atlantic City, NJ 08401
For Sale
$225,000
MULTI_FAMILY - Atlantic City, NJ
Property Size814 SF
Price / SF$276.41
Days on Market79
Property Features for 2521 Centennial Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Standard status
- Active
- Size
- 814 SF
Listing Agency:
BHHS Fox & Roach Northfield
Listed By:
Goran Cedevski · License #1755689
(609) 334-0238
Added: May 6
Changed: Jul 23
Last Checked: Jul 23 at 9:06PM
MLS# 607598
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 recently renovated duplex in Atlantic City offers two separate units for flexible occupancy. The property can be used as a live-in setup while renting the second unit, or as a two-unit rental for income. Prior to the renovations, each unit was rented for $650 per month.
The duplex is positioned in the heart of Atlantic City, with walkable access to the Tropicana and numerous restaurants and businesses. It is also less than a mile from the bus and train stations and only three blocks from the boardwalk and beach.
The duplex is positioned in the heart of Atlantic City, with walkable access to the Tropicana and numerous restaurants and businesses. It is also less than a mile from the bus and train stations and only three blocks from the boardwalk and beach.
Key Highlights
- Recently renovated duplex in the heart of Atlantic City
- Duplex layout allows you to live in one unit and rent out the other or rent out both
- Before renovations, each unit was rented for $650/month
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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Recently renovated Atlantic City duplex with two units, offering flexible live-in or rental configurations.
Where is this duplex located?
The property is located at 2521 Centennial Ave 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 the heart of Atlantic City; Duplex layout allows you to live in one unit and rent out the other or rent out both; Before renovations, each unit was rented for $650/month
