Two-Family Home with Detached
426 Connecticut Avenue Atlantic City, NJ 08401
426 Connecticut Avenue, Atlantic City, NJ, 08401
$320,000
For Sale
$320,000
Two-family residence with a large detached two-car garage, sold as-is and needing updates.
Property Size2,080 SF
Lot Size0.07 Acres
Price / SF$153.85
Days on Market154
Property Features for 426 Connecticut Avenue
General Information
- Standard status
- Active
- Size
- 2,080 SF
- Lot size
- 0.07 Acres
- Property subtype
- MULTI-FAMILY / Duplex
Building Details
- Year Built
- 1900
Listing agency
Vylla Home - Northfield
(609) 338-9992
Listed by
CHARLES MILTENBERGER · License #0451730
(609) 338-9992
Source
Compass
Added: Feb 17 Updated: Jul 20 at 5:37PM Checked: Jul 21 at 6:42AM
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 Vylla Home - Northfield
Investment Insights
Based on property information with market context.
This two-family duplex offers a total interior area of 2,080 square feet and a 3,100 square-foot lot. The property features a layout with two bedrooms and two bathrooms, and it includes a large detached two-car garage that provides parking and additional storage. The home is dated and requires updates.
The property is located in the Historic Bungalow Park area of Atlantic City, near local amenities. The Atlantic City Boardwalk is approximately 0.5 miles away, and New York Avenue School is approximately 0.7 miles away. Gardner’s Basin is also nearby.
The property is being sold in as-is condition.
The property is located in the Historic Bungalow Park area of Atlantic City, near local amenities. The Atlantic City Boardwalk is approximately 0.5 miles away, and New York Avenue School is approximately 0.7 miles away. Gardner’s Basin is also nearby.
The property is being sold in as-is condition.
Key Highlights
- Two‑family (duplex) home with 2,080 SF of interior space on a 3,100 SF lot
- Large detached two‑car garage provides parking and extra storage
- Historic Bungalow Park area within Atlantic City; near the Boardwalk (0.5 miles)
Local Financial Insights For Multifamily LT 5
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 | $36.2k | $17.40 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $33.8k | $16.27 |
| − OpEx | −$10.2k | −$4.88 |
| NOI | $23.7k | $11.39 |
2,080 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$297.4K
$260.3K – $347.0K
NOI $20,820 @ 7.0% cap · market cap 6.51%
Theoretical Best
Warehouse
$774.6K
$677.8K – $903.7K
NOI $54,220 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family residence with a large detached two-car garage, sold as-is and needing updates.
Where is this duplex located?
The property is located at 426 Connecticut Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑family (duplex) home with 2,080 SF of interior space on a 3,100 SF lot; Large detached two‑car garage provides parking and extra storage; Historic Bungalow Park area within Atlantic City; near the Boardwalk (0.5 miles)
