2

Studio Homes for Sale in Monroe Park

Section Image
  • /18

    $269,000

    • Studio
    • 2 Baths
    • 1,550 Sq Ft

    715 N Michigan Ave, Atlantic City, NJ 08401

    INVESTOR ALERT - 12%+ Cap Rate on this near Turn Key Money Making partially rented duplex near the corner of Magellan and N. Michigan Aves. 2nd floor has been rented via Seciton 8 for over a year now and the first floor is vacant, fixed up, and ready for a new tenant. Beautifully bold red brick exterior with white vynil wrapping around newer thermal windows. Seperate gas and electric (Paid by the

    Gerard Barker WEICHERT REALTORS ASBURY GROUP-AC

    715 N Michigan Ave, Atlantic City, NJ 08401
  • /24

    $289,000

    • Studio
    • 2 Baths

    1916 Magellan Ave, Atlantic City, NJ 08401

    Two-family property in Atlantic City. Each unit includes 2 bedrooms, 1 bathroom, and a full kitchen. The first-floor unit has been fully renovated and is currently tenant-occupied (renovation photos shown were taken prior to tenant move-in). The second-floor unit is vacant and ready for occupancy. Both units have updated mechanicals, featuring a newer hot water heater and new forced-air heating

    Jasmin Elalfy NJ Elite Group LLC

    1916 Magellan Ave, Atlantic City, NJ 08401

Why Live in Monroe Park

Monroe Park in Atlantic City is a residential neighborhood located between Route 30 and the Atlantic City Expressway. Known for its quiet community feel, Monroe Park offers larger lots than many other parts of town, along with suburban home styles such as split-levels, bi-levels, and ranch-style homes, as well as rowhouses and townhouses. The area is less touristy compared to nearby Ducktown and Uptown, yet it is still close to major attractions like the Atlantic City Boardwalk, Tanger Outlets, and the Atlantic City Convention Center. Local green spaces include Horace Bryant Park, a narrow field with park benches, and Horace J. Bryant Jr. Playground, which has a basketball court. The out-of-use Pop Lloyd Stadium is undergoing redevelopment, to be reopened as a multi-field athletic complex. Public transportation options include NJ Transit bus stops and the Atlantic City Rail Terminal, offering connections to Philadelphia. The area is prone to flooding during heavy rain and coastal storms, and experiences increased traffic during the tourist season.

Frequently Asked Questions

Is Monroe Park a good place to live?
Monroe Park is a good place to live. Monroe Park is considered fairly walkable and bikeable with good transit options. Monroe Park is a suburban neighborhood. Monroe Park has 5 parks for recreational activities. It is somewhat dense in population with 9.2 people per acre and a median age of 36. The average household income is $44,382 which is below the national average. College graduates make up 15.4% of residents. A majority of residents in Monroe Park are renters, with 74.2% of residents renting and 25.8% of residents owning their home. A local real estate agent serving Monroe Park can help you decide if this neighborhood is the right one for you. Learn more on our Monroe Park neighborhood guide.
Is Monroe Park, NJ a safe neighborhood?
Monroe Park, NJ is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Monroe Park?
The median home price in Monroe Park is $199,999. If you put a 20% down payment of $40,000 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $980 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $42K a year to afford the median home price in Monroe Park. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Monroe Park is $44K.
What are the best public schools in Monroe Park?
The best public schools that serve Monroe Park are:
What are the best private schools in Monroe Park?
The best private schools that serve Monroe Park are:
What are the most popular zip codes in Monroe Park, Atlantic City, NJ?
The most popular zip codes in Monroe Park, Atlantic City, NJ include 08401, 08406, 08203, 08232 and 08402.
What are the most popular neighborhoods near Monroe Park, Atlantic City, NJ?
The most popular neighborhoods near Monroe Park, Atlantic City, NJ are Downtown Atlantic City, Westside, Uptown Atlantic City, Chelsea and Lower Chelsea.

Home Trends in Monroe Park, NJ

Housing Trends

Median Sale Price
$170,000
Median Single Family Sale Price
$188,000
Median Townhouse Sale Price
$125,000
Average Price Per Sq Ft
$243
Number of Homes for Sale
13
Last 12 months Home Sales
56
Months of Supply
2.80
Median List Price
$199,999
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%
How to Buy a Home How to Finance a Home How to Sell a Home