Renovated Duplex with Legal
For Sale
$799,000
4714 Ventnor Avenue, Atlantic City, NJ 08401
A leased legal apartment, front porch, backyard, and garage complement the extensively updated living space.
Property Size2,147 SF
Price / SF$372.15
Days on Market12
Property Features for 4714 Ventnor Avenue
General Information
Standard status
Active
Size
2,147 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 5BR/2BA, 1 x legal apartment
Multifamily Units
2
Additional Details
Gross Income
$21,600
Amenities
front porch
backyard
decking
driveway
garage
recessed lighting
Building Details
Year Built
1900
Listing Agency:
FARLEY and FERRY REALTY,INC
Listed By:
BETH PINERO · License #1536256
(609) 304-1096
Source:
Actionplusrealty
Added: Oct 3
Changed: Oct 13
Last Checked: Oct 12 at 9:11PM
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 FARLEY and FERRY REALTY,INC
Investment Insights
Based on property information with market context.
This 2,147-square-foot duplex was built in 1900 and has undergone extensive renovation. The residence is described as having 5 bedrooms and 2 full bathrooms, including a first-floor bedroom. Improvements include a kitchen with quartz countertops, updated bathrooms, flooring, interior walls, recessed lighting, and new decking. Outdoor features include a front porch and backyard, along with a new driveway and a full-size garage. The property also includes a legal apartment that is currently leased.
The address is two blocks from the beach and boardwalk, with restaurants and shopping within walking distance. The garage and driveway provide parking for three additional vehicles, as described in the property information.
The address is two blocks from the beach and boardwalk, with restaurants and shopping within walking distance. The garage and driveway provide parking for three additional vehicles, as described in the property information.
Key Highlights
- 5‑bedroom residence with 2 full bathrooms and a first‑floor bedroom
- Legal apartment currently leased
- 2,147 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,451
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,020
$489.0K
Cap Rate 7%
$349,300
$349.3K
Cap Rate 9%
$271,678
$271.7K
Market Conditions
NOI Build-Up for 2,147 SF
Gross rent
$37.4K $17.40/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$34.9K $16.27/SF
− OpEx
−$10.5K −$4.88/SF
NOI
$24.5K $11.39/SF
Area
Atlantic County, NJ
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,020
Cap Rate 7%
$349,300
Cap Rate 9%
$271,678
Alternative Uses
Best Use
Multifamily LT 5
$349.3K
$305.6K – $407.5K
NOI $24,451 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$307.0K
$268.6K – $358.2K
NOI $21,491 @ 7.0% cap · market cap 2.69%
Theoretical Best
Warehouse
$799.5K
$699.6K – $932.8K
NOI $55,967 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A leased legal apartment, front porch, backyard, and garage complement the extensively updated living space.
Where is this duplex located?
The property is located at 4714 Ventnor Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5‑bedroom residence with 2 full bathrooms and a first‑floor bedroom; Legal apartment currently leased; 2,147 square feet; built in 1900
