5-Unit Apartment
New
For Sale
$799,000
3601 Winchester, Atlantic City, NJ 08401
MULTI-FAMILY, Atlantic City, NJ
Property Size4,024 SF
Lot Size0.03 Acres
Price / SF$198.56
Days on Market2
Property Features for 3601 Winchester
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Living Room
Exterior features
Curbs
Appliances
Gas Stove, Refrigerator, Self Cleaning Oven
Lot features
Corner, Boardwalk Area
Directions
Head toward Pacific Ave in Atlantic City, transition onto Atlantic Ave, continue toward Baltic Ave.
Subdivision
Atlantic City
Standard status
Active
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5070
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Other (Heating)
Water source
Public
Building Details
Number of units
5
Listing Agency:
WEICHERT REALTORS ASBURY GROUP-AC
(609) 344-6200
Listed By:
GERARD (Jerry) BARKER
(609) 481-7745
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 22 at 10:06PM
MLS# 613093
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment building contains five residential units across 4,024 square feet of building area on a 1,498-square-foot lot. Constructed in 1960, the property has public water and sewer service, along with gas stove, refrigerator, and self-cleaning oven appliances.
The building is in Atlantic City's Chelsea neighborhood, approximately 0.2 miles from Sovereign Avenue School.
The building is in Atlantic City's Chelsea neighborhood, approximately 0.2 miles from Sovereign Avenue School.
Key Highlights
- Five residential units
- 4,024 square feet of building area on a 1,498‑square‑foot lot
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,279
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,580
$805.6K
Cap Rate 7%
$575,414
$575.4K
Cap Rate 9%
$447,544
$447.5K
Market Conditions
NOI Build-Up for 4,024 SF
Gross rent
$77.7K $19.32/SF
− Vacancy
−$4.5K −$1.12/SF
EGI
$73.2K $18.20/SF
− OpEx
−$33.0K −$8.19/SF
NOI
$40.3K $10.01/SF
Area
Atlantic County, NJ
Vacancy
5.80%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,580
Cap Rate 7%
$575,414
Cap Rate 9%
$447,544
Alternative Uses
Best Use
Apartment 5plus
$575.4K
$503.5K – $671.3K
NOI $40,279 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,896 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The five-unit residential property is in Atlantic City's Chelsea neighborhood.
Where is this apartment building located?
The property is located at 3601 Winchester Atlantic City, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Five residential units; 4,024 square feet of building area on a 1,498‑square‑foot lot; Built in 1960
