715 N Michigan Ave Atlantic City, NJ 08401
- Added:
- Dec 12, 2025
- Days on Market:
- 147
- Last Refresh:
- May 8 at 8:06 am
Property Features for 715 N Michigan Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R3
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- EntryLevel
- Lower,Upper
- Exterior features
- Curbs, Sidewalks
- Basement Y/N
- 1
- Appliances
- Refrigerator
- Standard status
- Active
- Size
- 1,550 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4894
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Multi Units, Window Unit(s)
Building Details
- Number of units
- 2
- Building materials
- Brick
Listing agent GERARD (Jerry) BARKER License #0566410 (609) 481-7745
Listing office WEICHERT REALTORS ASBURY GROUP-AC 524 PACIFIC AVENUE, ATLANTIC CITY, NJ (609) 344-6200
Listing date Dec 12, 2025
MLS# 603069
Listing URL
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 13%+ Cap Rate on a partially rented duplex.
- Turnkey first floor unit ready for immediate rental income.
- Separate gas and electric meters (tenant paid).
- Potential for positive cash flow and low maintenance.
- Close proximity to AC Expressway, Route 30, casinos, beaches, and boardwalk.
- Potential for up to $50,000 in grant money for first‑time homebuyers.
Overview
Atlantic City Duplex Investment Opportunity
This duplex, located near the corner of Magellan and N. Michigan Aves in Atlantic City, presents an investor opportunity with a cap rate of 13%+. The property features a red brick exterior with white vinyl wrapping around newer thermal windows. It has separate gas and electric meters, paid by the tenants. The second floor is currently rented through Section 8. The first floor is vacant and has been renovated, ready for a new tenant. The property is located close to the AC Expressway & Route 30 (White Horse Pike), providing easy access in and out of the city. It is also near MLK School, the AC Convention Center, and the Outlets at the Tanger Walk shopping center. The Borgata, Harrahs, & Golden Nugget hotel and casinos, the Absecon Lighthouse, and the Jersey Shore Beaches and Boardwalk are a short drive away. The property is suitable for savvy buyers looking to time the market, offering double-digit cap rates, positive cash flow, and low maintenance. The property is suitable for living in one unit and renting out the other. The property size is 1550 square feet. The zoning is R3.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Atlantic City
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.4407326
- Latitude
- 39.366871
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Partially rented duplex with high cap rate near AC Expressway.
Where is this duplex located?
The property is located at 715 N Michigan Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 13%+ Cap Rate on a partially rented duplex.; Turnkey first floor unit ready for immediate rental income.; Separate gas and electric meters (tenant paid).
