Atlantic City, NJ 08401 Atlantic City, NJ 08401
MULTI_FAMILY - Atlantic City, NJ
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Standard status
- Active
- Size
- 2,312 SF
Listing agent Goran Cedevski License #1755689 (609) 334-0238
Listing office BHHS Fox & Roach Northfield NJ
Listing date May 31, 2025
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Investment Insights
Based on property information with market context.
The property is described as being positioned on a beach block area, with a short walk to the Atlantic City beach. It is located in the LH-2 Zoning District, which permits multi-family, low-rise, and mid-rise residential buildings, along with opportunities for restaurants, bars, non-casino hotels, townhouses, and other uses.
Key Highlights
- Legal duplex zoned for the LH‑2 Zoning District, permitting multi‑family, low‑rise and mid‑rise residential buildings
- Duplex includes a 6‑bedroom, 2‑bath upper unit currently rented for $1,500/month
- Ground‑level unit features 2 bedrooms and 1 bathroom and is currently rented for $1,100/month
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 | $40.2k | $17.40 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $37.6k | $16.27 |
| − OpEx | −$11.3k | −$4.88 |
| NOI | $26.3k | $11.39 |
