Investor Opportunity – Value-Add Triplex in Northern Atlantic City Welcome to 1 S New Hampshire Avenue, a fully vacant triplex located in the northern section of Atlantic City, just minutes from the beach and surrounded by ongoing redevelopment. This property features three separate units: a 2-bedroom, 1-bath unit on the first floor, a 2-bedroom, 1-bath unit on the second floor, and a spacious 4-bedroom, 2-bath unit spanning the third and fourth floor. The building is being sold strictly as-is, with the buyer responsible for obtaining the Certificate of Occupancy and any municipal approvals. The property offers significant upside for the savvy investor. While it needs a full cosmetic renovation, comps in the area support strong rental income once stabilized. Conservative estimates place market rents at $1,600/month for the 2-bedroom units and $2,500/month for the 4-bedroom unit, giving this asset a potential gross annual rent roll of approximately $68,400. **Important disclosure**: the **first-floor unit experienced a pipe burst and is currently gutted**—listing photos show the unit *prior* to the damage and are intended to reflect its original layout. With all three units vacant and ready for rehab, this is a blank slate investment opportunity with serious cash-flow potential in a rapidly evolving section of Atlantic City. Easy to show—**schedule your tour today and bring your vision.**
Location: Historical District, Boardwalk Area, Water View
Lot Dimensions: 23x50
Multi Family
Number Of Units: 3
Separate Meters: Electric, Gas
Map
Range of Values:
Collateral Analytics
Collateral Analytics
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ICE
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First American
First American
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Quantarium
Quantarium
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
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This home is located at 1 S New Hampshire Ave, Atlantic City, NJ 08401 and is currently priced at $395,000. This property was built in 1900. 1 S New Hampshire Ave is a home located in Atlantic County with nearby schools including Pennsylvania Avenue School, Atlantic City High School, and New Hope Christian Academy/Robinson Small Learning Center.
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