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    7-Unit Multi-Family Building Title is generated by Realmo AI

    4 N Brighton Avenue, Atlantic City, NJ 08400

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    Claim this Listing
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    For Sale
    $1,199,999

    MULTI_FAMILY - Atlantic City, NJ

    Property size:
    4,376 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $274/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 4 N Brighton Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    12
    Rooms
    Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 4, Bedroom 8, Bedroom 10, Bedroom 3, Bedroom 9, Bedroom 11, Bedroom 12, Bedroom 2, Bedroom 6
    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, Laminate, Vinyl
    Roof type
    Shingle

    We can help!

    Listing Contact
    Michelle Anderson
    Michelle Anderson

    Listing agent Michelle Anderson

    Listing office NextHome Zenith 31 Schanck Road Unit 1E, Freehold, NJ

    Listing date Jun 4, 2026

    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.

    HighLights

    • 7‑unit multi‑family at 4 N Brighton Ave, Atlantic City, NJ 08401
    • Completely renovated in 2025; updates include tile, vinyl, and laminate flooring
    • Income mix: 6 long‑term units currently 100% occupied plus 1 unit operating as an active short‑term rental
    • Separate utilities reported, supporting easier day‑to‑day property management
    • Systems include forced air heating, central air cooling, and a shingle roof (built 1930)
    • Public water and public sewer; on‑street parking available

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic City
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.447651
    Latitude
    39.354883

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    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 at 4 N Brighton Ave, Atlantic City, NJ 08401; Completely renovated in 2025; updates include tile, vinyl, and laminate flooring; Income mix: 6 long‑term units currently 100% occupied plus 1 unit operating as an active short‑term rental
    (855) 978-6323
    We can help!
    Listing Contact
    Michelle Anderson
    Michelle Anderson
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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