Renovated Seven-Unit Apartment
For Sale
$1,199,999
4 N Brighton Avenue, Atlantic City, NJ 08400
Multi-Family, Atlantic City, NJ
Property Size4,376 SF
Lot Size0.08 Acres
Price / SF$274.22
Days on Market92
Property Features for 4 N Brighton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
12
Rooms
Bedroom 7, Bedroom 2, Bedroom 10, Bedroom 5, Bedroom 1, Bedroom 9, Bedroom 11, Bedroom 6, Bedroom 12, Bedroom 4, Bedroom 8, Bedroom 3
Parking features
On Street
Basement
Crawl Space
Lot features
Level
Directions
Atlantic to n Brighton
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
Vinyl, Tile - Ceramic, Laminate
Roof type
Shingle
Listing Agency:
NextHome Zenith
(855) 978-6323
Listed By:
Michelle Anderson · License #0458768,PersonLicenseNumber
(732) 364-0300
Added: Jun 4
Changed: Aug 26
Last Checked: Sep 3 at 10:06PM
MLS# 22616779
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 7-unit apartment building contains 4,376 square feet on a 0.08-acre parcel and received a full renovation in 2025. The current operating mix includes six long-term apartments that are fully occupied and one active short-term rental unit. Interior finishes include vinyl, ceramic tile, and laminate flooring, with forced-air heating and central air conditioning. Separate utilities, public water, and public sewer support the property’s operating setup. The building was constructed in 1930 and has a shingle roof.
The property is located on N Brighton Avenue in Atlantic City, within a short distance of the beach, Atlantic City Boardwalk, Tropicana, and Cafe 2825. On-street parking is available. The combination of seven units, updated improvements, and established long-term occupancy provides a clearly defined multifamily configuration with an additional short-term rental component.
The property is located on N Brighton Avenue in Atlantic City, within a short distance of the beach, Atlantic City Boardwalk, Tropicana, and Cafe 2825. On-street parking is available. The combination of seven units, updated improvements, and established long-term occupancy provides a clearly defined multifamily configuration with an additional short-term rental component.
Key Highlights
- 7‑unit apartment building with 4,376 square feet on 0.08 acres
- Full renovation completed in 2025
- Six long‑term units fully occupied, plus one active short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,802
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,505
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit residential income property with a 2025 renovation and a mix of long-term and short-term occupancy.
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 apartment building with 4,376 square feet on 0.08 acres; Full renovation completed in 2025; Six long‑term units fully occupied, plus one active short‑term rental
