Fully Occupied Brick
711 Adriatic Avenue Atlantic City, NJ 08401
711 Adriatic Avenue, Atlantic City, NJ, 08401
$309,900
For Sale
$309,900
Brick duplex with a 2-bedroom lower unit and 3-bedroom upper unit, fully occupied and designed for turn-key rental income.
Property Size1,980 SF
Price / SF$156.52
Days on Market84
Property Features for 711 Adriatic Avenue
General Information
- Standard status
- Active
- Size
- 1,980 SF
- Property subtype
- MULTI-FAMILY / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty - Atlantic Shore
(609) 703-9208
Listed by
Flamur Rama · License #457770
(609) 703-9208
Source
Compass
Added: Apr 30 Updated: Jul 21 at 5:26AM Checked: Jul 22 at 11:13AM
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 Keller Williams Realty - Atlantic Shore
Investment Insights
Based on property information with market context.
This fully occupied brick duplex offers two separate residential units, with a 2-bedroom, 1-bath lower unit and a 3-bedroom, 1-bath upper unit. The upper unit includes a neutral color palette, wood-look flooring, and a bright kitchen with white cabinetry and gas cooking. Exterior amenities include a private driveway, a spacious backyard, and a back porch.
The property is located in Atlantic City, in a highly walkable neighborhood just blocks from local parks, playgrounds, and the boardwalk.
As a two-unit residential income property, it presents an income-producing configuration with distinct unit layouts and exterior shared outdoor space.
The property is located in Atlantic City, in a highly walkable neighborhood just blocks from local parks, playgrounds, and the boardwalk.
As a two-unit residential income property, it presents an income-producing configuration with distinct unit layouts and exterior shared outdoor space.
Key Highlights
- Fully occupied brick duplex at 711 Adriatic Ave, Atlantic City
- Lower unit: 2 bedrooms, 1 bathroom
- Upper unit: 3 bedrooms, 1 bathroom
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 | $34.5k | $17.40 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $32.2k | $16.27 |
| − OpEx | −$9.7k | −$4.88 |
| NOI | $22.5k | $11.39 |
1,980 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.1K
$281.9K – $375.8K
NOI $22,549 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$283.1K
$247.7K – $330.3K
NOI $19,819 @ 7.0% cap · market cap 6.40%
Theoretical Best
Warehouse
$737.3K
$645.2K – $860.2K
NOI $51,614 @ 7.0% cap · market cap 16.66%
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 - Brick duplex with a 2-bedroom lower unit and 3-bedroom upper unit, fully occupied and designed for turn-key rental income.
Where is this duplex located?
The property is located at 711 Adriatic Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Fully occupied brick duplex at 711 Adriatic Ave, Atlantic City; Lower unit: 2 bedrooms, 1 bathroom; Upper unit: 3 bedrooms, 1 bathroom
