Renovated 7-Unit Apartment
For Sale
$1,199,999
4 N Brighton Ave, Atlantic City, NJ 08400
Updated in 2025 with separate utilities and a blended long-term and short-term rental profile.
Property Size4,376 SF
Price / SF$274.22
Days on Market73
Property Features for 4 N Brighton Ave
General Information
Standard status
Active
Size
4,376 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
7
Building Details
Year Built
1930
Year Renovated
2025
Buildings
1
Tenancy
Multi
Listing Agency:
NextHome Zenith
Listed By:
Michelle Anderson · License #0458768,PersonLicenseNumber
(855) 978-6323
Source:
Obrienrealtyllc
Added: Aug 14
Changed: Oct 25
Last Checked: Oct 24 at 8:50PM
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 NextHome Zenith
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Investment Insights
Based on property information with market context.
This 7-unit apartment building contains 5,000 square feet and was originally constructed in 1930. A comprehensive renovation completed in 2025 updated the property throughout. The operating mix includes six long-term apartments that are currently 100% occupied, along with one active short-term rental unit. Separate utilities support distinct unit-level operations.
The property is located at 4 N Brighton Ave in Atlantic City, NJ, a short distance from the beach, Atlantic City Boardwalk, Tropicana, and Cafe 2825. Its combination of recently completed improvements, established long-term occupancy, and one short-term rental unit creates a clearly defined multifamily operating structure.
The property is located at 4 N Brighton Ave in Atlantic City, NJ, a short distance from the beach, Atlantic City Boardwalk, Tropicana, and Cafe 2825. Its combination of recently completed improvements, established long-term occupancy, and one short-term rental unit creates a clearly defined multifamily operating structure.
Key Highlights
- 7‑unit multifamily building with 5,000 SF
- Comprehensive renovation completed in 2025
- Six long‑term units currently 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,802
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,040
$876.0K
Cap Rate 7%
$625,743
$625.7K
Cap Rate 9%
$486,689
$486.7K
Market Conditions
NOI Build-Up for 4,376 SF
Gross rent
$84.5K $19.32/SF
− Vacancy
−$4.9K −$1.12/SF
EGI
$79.6K $18.20/SF
− OpEx
−$35.8K −$8.19/SF
NOI
$43.8K $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%
$876,040
Cap Rate 7%
$625,743
Cap Rate 9%
$486,689
Alternative Uses
Best Use
Apartment 5plus
$625.7K
$547.5K – $730.0K
NOI $43,802 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,072 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,505
Businesses Nearby
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated in 2025 with separate utilities and a blended long-term and short-term rental profile.
Where is this apartment building located?
The property is located at 4 N Brighton Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: 7‑unit multifamily building with 5,000 SF; Comprehensive renovation completed in 2025; Six long‑term units currently 100% occupied
