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6-Unit Apartment Building Near Beach
For Sale
$1,700,000

5005 Ventnor Avenue, Ventnor City, NJ 08406

Corner-unit residences offer two-bedroom layouts, full baths, and window-unit cooling.

Property SizeContact for details
Days on Market160

Property Features for 5005 Ventnor Avenue

General Information

Standard status Active
Property subtype MULTI-FAMILY / 4 - 10 Units
Occupancy 100%

Units

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

Taxes and HOA fees

Annual Taxes $9,805

Amenities

Gas-Natural
Inside Entrance, Partial
Window Units
Brick, Brick Face
Beach Access, Boardwalk Access, Curbs, Sidewalks

Building Details

Buildings 1
Units 6
Listing Agency: BHHS FOX and ROACH-Margate II
Listed By: DANA HARTMAN · License #0679612
Source: Compass
Added: Mar 24 Changed: Aug 29 Last Checked: Aug 29 at 3:17PM

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 BHHS FOX and ROACH-Margate II

Investment Insights

Based on property information with market context.

This fully leased apartment building contains 6 units, with each residence configured as a corner unit offering 2 bedrooms and 1 full bath. The property has brick construction, gas-natural service, interior entrances, partial interior features, and window-unit cooling. HVAC and utilities are reported to be in good condition, and the roof was installed 2 years ago.

Located at 5005 Ventnor Avenue in Ventnor City, the building is 2 blocks from the beach and boardwalk, 1 block from the bay, and near North Beach dining and shopping. Beach access, boardwalk access, curbs, and sidewalks are included among the surrounding property features. The source also identifies potential for condo conversion, summer rentals, yearly rentals, or Air BNB use.

Key Highlights

  • Fully leased 6‑unit apartment building
  • Each unit has 2 bedrooms, 1 full bath, and corner‑unit positioning
  • New roof installed 2 years ago

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Auto Repair Shop Dental Office Big Box & Wholesale Store Hair Salon Law Firm

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

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

605
Businesses Nearby

Demographics for 08406, NJ

9,188
Population
7,772
Households
1.2
Avg Household Size
51
Median Age
38%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
4,594
Density / Sq Mi
$75,034
Median Household Income
$51,057
Median Earnings
$1,460
Median Rent
$345,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Corner-unit residences offer two-bedroom layouts, full baths, and window-unit cooling.
Where is this apartment building located?
The property is located at 5005 Ventnor Avenue Ventnor City, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Fully leased 6‑unit apartment building; Each unit has 2 bedrooms, 1 full bath, and corner‑unit positioning; New roof installed 2 years ago
More about this property
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