Fully Renovated 7-Unit
4 N Brighton Avenue Atlantic City, NJ 08401
4 N Brighton Avenue, Atlantic City, NJ, 08401
$1,199,999
For Sale
$1,199,999
A completely renovated 7-unit building with separate utilities, combining long-term occupancy and an active short-term rental unit.
Property Size5,000 SF
Price / SF$239
Days on Market71
Property Features for 4 N Brighton Avenue
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1930
Listing Agency
(908) 692-8303
Listed by
Nexthome Zenith
(908) 692-8303
Source
Xome
Added: May 9 Checked: Jun 15 at 4:00 am
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
Investment Insights
Based on property information with market context.
This offering is a 7-unit multifamily property at 4 N Brighton Avenue in Atlantic City, NJ. The building was completely stripped and renovated in 2025, with updates intended to deliver a turnkey starting point. The configuration includes six long-term units, which are currently reported as 100% occupied, along with a seventh unit that is operating as an active short-term rental. The property is also described as having separated utilities, supporting straightforward day-to-day management and reducing operational friction.
The property is positioned in Atlantic City near the beach and the Boardwalk, and it is also described as being within a short distance of Tropicana. The remarks further note proximity to local dining, including Cafe 2825.
From a tenant and operator standpoint, the 2025 renovation and updated interiors are designed to reduce near-term maintenance concerns while appealing to renters seeking modern finishes. The mix of six occupied long-term units and one functioning short-term rental provides an operational structure that supports both steadier occupancy and rental flexibility through seasonal and weekend demand. For buyers evaluating a turnkey residential income asset in Atlantic City, this property is presented as ready from day one, with separated utilities and a fully renovated condition.
The property is positioned in Atlantic City near the beach and the Boardwalk, and it is also described as being within a short distance of Tropicana. The remarks further note proximity to local dining, including Cafe 2825.
From a tenant and operator standpoint, the 2025 renovation and updated interiors are designed to reduce near-term maintenance concerns while appealing to renters seeking modern finishes. The mix of six occupied long-term units and one functioning short-term rental provides an operational structure that supports both steadier occupancy and rental flexibility through seasonal and weekend demand. For buyers evaluating a turnkey residential income asset in Atlantic City, this property is presented as ready from day one, with separated utilities and a fully renovated condition.
Key Highlights
- Completely renovated 7‑unit multi‑family building with updates completed in 2025
- Income mix: 6 long‑term units currently 100% occupied plus 1 active short‑term rental unit
- Separate utilities available, supporting straightforward property management
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 | $96.6k | $19.32 |
| − Vacancy | −$5.6k | −$1.12 |
| EGI | $91.0k | $18.20 |
| − OpEx | −$40.9k | −$8.19 |
| NOI | $50.0k | $10.01 |
5,000 SF · lease $19.32/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$715.0K
$625.6K – $834.1K
NOI $50,048 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,338 @ 7.0% cap · market cap 10.86%
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 - A completely renovated 7-unit building with separate utilities, combining long-term occupancy 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: Completely renovated 7‑unit multi‑family building with updates completed in 2025; Income mix: 6 long‑term units currently 100% occupied plus 1 active short‑term rental unit; Separate utilities available, supporting straightforward property management
