Mixed-Use Triplex with NNN
For Sale
$549,900
3816 Ventnor Avenue, Atlantic City, NJ 08401
Three-level property combines a leased restaurant space with two residential apartments, including a newly renovated vacant unit.
Property Size4,200 SF
Price / SF$130.93
Days on Market192
Property Features for 3816 Ventnor Avenue
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Multi-family
Additional Details
Floor
Ground
Building Details
Year Built
1925
Buildings
1
Stories
3
Listing Agency:
eXp Realty - Montclair
Listed By:
GLADYS DELUCA · License #1433112
(609) 317-3492
Source:
Actionplusrealty
Added: Apr 27
Changed: Nov 3
Last Checked: Nov 3 at 6:31AM
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 eXp Realty - Montclair
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Investment Insights
Based on property information with market context.
Built in 1925, this 4,200-square-foot mixed-use triplex includes a street-level pizza shop and two upper-floor apartments. The commercial space is leased under an NNN structure, while the second-floor apartment is occupied. The third-floor residence has been newly renovated and offers three bedrooms; it is currently vacant and ready for occupancy.
The property is located at 3816 Ventnor Avenue in Atlantic City, NJ, within walking distance of the beach, Boardwalk, casinos, restaurants, shopping, and public transportation. Stockton University is also nearby, adding an established institutional presence to the surrounding area. The combination of a leased commercial component and residential units creates a clearly defined mixed-use configuration for an owner or investor.
The property is located at 3816 Ventnor Avenue in Atlantic City, NJ, within walking distance of the beach, Boardwalk, casinos, restaurants, shopping, and public transportation. Stockton University is also nearby, adding an established institutional presence to the surrounding area. The combination of a leased commercial component and residential units creates a clearly defined mixed-use configuration for an owner or investor.
Key Highlights
- 4,200 SF mixed‑use triplex at 3816 Ventnor Avenue
- Street‑level pizza shop leased under an NNN lease
- Two upper‑floor apartments, including a newly renovated 3‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,831
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$956,620
$956.6K
Cap Rate 7%
$683,300
$683.3K
Cap Rate 9%
$531,456
$531.5K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$73.1K $17.40/SF
− Vacancy
−$4.8K −$1.13/SF
EGI
$68.3K $16.27/SF
− OpEx
−$20.5K −$4.88/SF
NOI
$47.8K $11.39/SF
Area
Atlantic County, NJ
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$956,620
Cap Rate 7%
$683,300
Cap Rate 9%
$531,456
Alternative Uses
Best Use
Specialty Retail
$928.3K
$812.2K – $1.08M
NOI $64,978 @ 7.0% cap · market cap 11.82%
Second Best
Mixed Use
$891.0K
$779.6K – $1.04M
NOI $62,370 @ 7.0% cap · market cap 11.34%
Theoretical Best
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,484 @ 7.0% cap · market cap 19.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,008
Businesses Nearby
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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?
Mixed-use property - Three-level property combines a leased restaurant space with two residential apartments, including a newly renovated vacant unit.
Where is this mixed-use property located?
The property is located at 3816 Ventnor Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 4,200 SF mixed‑use triplex at 3816 Ventnor Avenue; Street‑level pizza shop leased under an NNN lease; Two upper‑floor apartments, including a newly renovated 3‑bedroom unit
