7-Unit Multi-Family
4 N Brighton Avenue Atlantic City, NJ 08400
4 N Brighton Avenue, Atlantic City, NJ, 08400
$1,199,999
For Sale
$1,199,999
MULTI_FAMILY - Atlantic City, NJ
Property Size4,376 SF
Lot Size0.08 Acres
Price / SF$274.22
Days on Market47
Property Features for 4 N Brighton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Rooms
- Bedroom 2, Bedroom 8, Bedroom 9, Bedroom 10, Bedroom 11, Bedroom 12, Bedroom 6, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- On Street
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 02-00268-0000-00010
- Size
- 4,376 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9464
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 7
- Flooring type
- Tile - Ceramic, Vinyl, Laminate
- Roof type
- Shingle
Listing Agency
NextHome Zenith
(855) 978-6323
31 Schanck Road Unit 1E, Freehold, NJ
Listed by
Michelle Anderson · License #0458768,PersonLicenseNumber
(855) 978-6323
Added: Jun 4 Checked: Jul 20 at 11:06 am
MLS# 22616779
Listing URL
Copyright © 2026 More 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 for-sale multifamily property features seven units and was completely stripped and renovated in 2025. The building is presented as turnkey, with updated finishes and deferred maintenance addressed through the 2025 renovation. The operating setup includes separate utilities, which can simplify day-to-day management compared with arrangements where utilities are shared across units. Six of the units are described as long-term rentals and are currently 100% occupied. The seventh unit is set up as an active short-term rental.
Located in Atlantic City, the property is described as being on a highly desirable street and a short distance from the beach and the Atlantic City Boardwalk. The remarks also cite proximity to Tropicana and nearby dining, including Cafe 2825.
This configuration may appeal to buyers looking for a multifamily asset with both long-term occupancy and a dedicated short-term rental unit within the same building. The fully renovated condition and separated utilities are practical considerations for operators focused on reducing near-term repair and management friction. With six long-term units currently occupied and the seventh unit operating as a short-term rental, the property offers an income mix designed to support both steady tenancy and seasonal demand.
Located in Atlantic City, the property is described as being on a highly desirable street and a short distance from the beach and the Atlantic City Boardwalk. The remarks also cite proximity to Tropicana and nearby dining, including Cafe 2825.
This configuration may appeal to buyers looking for a multifamily asset with both long-term occupancy and a dedicated short-term rental unit within the same building. The fully renovated condition and separated utilities are practical considerations for operators focused on reducing near-term repair and management friction. With six long-term units currently occupied and the seventh unit operating as a short-term rental, the property offers an income mix designed to support both steady tenancy and seasonal demand.
Key Highlights
- 7‑unit multi‑family property at 4 N Brighton Ave, Atlantic City, NJ 08401
- Renovated in 2025: complete, top‑to‑bottom renovation reported in the listing
- Income mix: 6 long‑term units are currently 100% occupied, plus 1 active short‑term rental unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.5k | $19.32 |
| − Vacancy | −$4.9k | −$1.12 |
| EGI | $79.6k | $18.20 |
| − OpEx | −$35.8k | −$8.19 |
| NOI | $43.8k | $10.01 |
4,376 SF · lease $19.32/SF/yr · vacancy 5.80% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully renovated 7-unit multifamily property with separate utilities and an active short-term rental unit.
Where is this apartment building located?
The property is located at 4 N Brighton Avenue 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 multi‑family property at 4 N Brighton Ave, Atlantic City, NJ 08401; Renovated in 2025: complete, top‑to‑bottom renovation reported in the listing; Income mix: 6 long‑term units are currently 100% occupied, plus 1 active short‑term rental unit
