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Renovation-Ready Four-Unit Quadplex
For Sale
$199,000

27 N Rhode Island Ave, Atlantic City, NJ 08401

MULTI-FAMILY, Atlantic City, NJ

Property SizeContact for details
Days on Market111

Property Features for 27 N Rhode Island Ave

General Information

Property type Residential Multi Family
Property subtype Other
Lot features Boardwalk Area
Directions Down Vermon turn left to on street then righ on Rhode Island
Subdivision Atlantic City
Standard status Active

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6334

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Number of units 4
Listing Agency: BHHS FOX and ROACH-Margate
Listed By: JUDI COHEN · License #9808071
Added: Jun 18 Changed: Sep 2 Last Checked: Oct 6 at 5:06PM
MLS# 609037

Copyright © 2026 South Jersey Shore Regional MLS. 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 four-unit quadplex presents a substantial renovation scope for a buyer prepared to complete the property. The interior has been stripped, leaving the building ready for reconstruction and finish work according to the purchaser’s plans. The property is offered in its current as-is condition, with inspections, certifications, and repairs assigned to the buyer. The transaction is identified as a short sale.

Located at 27 N Rhode Island Ave in Atlantic City, New Jersey, the property is served by public water and public sewer. Natural gas is listed as the heating source. The four-unit configuration provides a defined multifamily framework, while the unfinished interior allows the eventual layout, materials, and systems work to be determined during renovation.

Key Highlights

  • Four‑unit quadplex configuration
  • Interior has been stripped for a full renovation
  • Sold in as‑is condition

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Auto Parts Store Plumbing Service Garden Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,002
Businesses Nearby

Demographics for 08401, NJ

38,536
Population
20,116
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
76%
High-School Grad
10.7 sq mi
ZIP Area
3,601
Density / Sq Mi
$36,375
Median Household Income
$28,915
Median Earnings
$1,086
Median Rent
$189,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Public utilities and natural gas heating support this unfinished multifamily renovation project.
Where is this quadplex located?
The property is located at 27 N Rhode Island Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Four‑unit quadplex configuration; Interior has been stripped for a full renovation; Sold in as‑is condition
More about this property
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