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Gutted 4-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 Market56

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: Aug 5 Last Checked: Aug 12 at 12:06AM
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 4-unit quadplex presents a substantial renovation project in Atlantic City. The interior has been fully gutted, leaving the property ready for reconstruction and completion according to the buyer’s plans. The sale is offered as-is, with inspections, certifications, and repairs the buyer’s responsibility.

The property is served by public water and public sewer, with natural gas heating. Its four-unit configuration supports a multifamily redevelopment plan, while the existing condition provides an opportunity to address the interior improvements as part of a comprehensive renovation.

Key Highlights

  • 4‑unit quadplex configuration
  • Interior has been fully gutted
  • Sold in as‑is condition

Property Analytics

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

895
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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Quadplex - Four-unit multifamily property requiring full interior renovation and offered in as-is condition.
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: 4‑unit quadplex configuration; Interior has been fully gutted; Sold in as‑is condition
More about this property
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