Property profile

5 Newport Ave Ventnor City, NJ 08406

OFF-MARKET
Other commercial real estate
Property ID
US59-0574464
1,484 SF 0.02 ac lot Built 1920
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This duplex is located in Ventnor within a walkable neighborhood and is positioned within walking distance of the beach, boardwalk, and local restaurants. The building contains two residential units, and each unit is configured with 3 bedrooms and 2 full bathrooms. The property functions as a multi-unit home suitable for use as an income-producing residence, a seasonal beach retreat, or a year-round beach residence.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Construction BRICK
Total area 1,484 SF
Lot 0.02 ac (823 SF)
Zoning code 7
APN 22 00070-0000-00007
UPID US59-0574464

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement

Location

5 Newport Ave Ventnor City, NJ 08406-2607
Ventnor City metro Census 13302 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$190k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2020
Last sale
$175,000
6 recorded transactions
2020
$175,000
2011
$220,000
2004
$203,000
2002
$125,000
2000
$21,500
1998
$117,000

Zoning & alternative use

7 · Ventnor City, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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