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Duplex with Renovated Lower Unit
For Sale
$549,000

46 South Elberon Avenue, Atlantic City, NJ 08401

Legal two-unit property with a six-bedroom upper residence and a renovated two-bedroom lower apartment.

Property SizeContact for details
Days on Market220

Property Features for 46 South Elberon Avenue

General Information

Standard status Active
Property subtype MULTI-FAMILY / Duplex

Units

Unit Mix 1 x 2BR/1BA, 1 x 6BR/2BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $6,672

Amenities

Gas-Natural
Deck, Porch, Sidewalks

Building Details

Year Built 1900
Units 2
Listing Agency: GARDEN STATE PROPERTIES GROUP
Listed By: Rita O'Brien · License #0458027
Source: Compass
Added: Mar 13 Changed: Oct 11 Last Checked: Oct 16 at 10:27AM

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 GARDEN STATE PROPERTIES GROUP

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Investment Insights

Based on property information with market context.

This legal duplex, built in 1900, includes two separate residential units. The lower-level apartment has 2 bedrooms and 1 full bath, with recent carpet, fresh paint, and updated appliances. Upstairs, the main residence offers 6 bedrooms and 2 full baths, including oversized bedrooms and broad living accommodations. Gas-natural service, a new roof, a deck, a porch, and sidewalk frontage add to the property’s physical features.

The property is located in Atlantic City’s Lower Chelsea section at 46 South Elberon Avenue, approximately 1.5 blocks from the beaches and boardwalk. Its two-unit layout supports residential income use, including the option to occupy one unit while leasing the other, subject to applicable requirements.

Key Highlights

  • Legal duplex with 2‑bedroom, 1‑bath lower apartment and 6‑bedroom, 2‑bath upper residence
  • Lower unit updated with new carpeting, fresh paint, and updated appliances
  • Approximately 1.5 blocks from Atlantic City beaches and boardwalk

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

924
Businesses Nearby

Demographics for 08401, NJ

38,536
Population
20,116
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
76%
High-School Grad
10.7 sq mi
ZIP Area
3,601
Density / Sq Mi
$36,375
Median Household Income
$28,915
Median Earnings
$1,086
Median Rent
$189,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Legal two-unit property with a six-bedroom upper residence and a renovated two-bedroom lower apartment.
Where is this duplex located?
The property is located at 46 South Elberon Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Legal duplex with 2‑bedroom, 1‑bath lower apartment and 6‑bedroom, 2‑bath upper residence; Lower unit updated with new carpeting, fresh paint, and updated appliances; Approximately 1.5 blocks from Atlantic City beaches and boardwalk
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