$395,000

Estimated payment $2,615/month

Total Views 52,390
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ocean View
  • The property is located in a historic district
  • Deck

About This Home

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.**

Listing Agent

Austin Dillon

MARCHESE REAL ESTATE, LLC Listed on: 07/11/2025

MARCHESE REAL ESTATE, LLC

Co-Listing Agent

Emily Marchese

MARCHESE REAL ESTATE, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,755

Year Built

  • Built in 1900

Parking

  • Off-Site Parking

Property Views

  • Ocean
  • Bay

Home Design

  • Triplex
  • Brick Exterior Construction
  • Aluminum Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Separate Meters

Additional Features

  • Deck
  • Lot Dimensions are 23x50
  • The property is located in a historic district

Community Details

Overview

  • 3 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,755

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Lvt Date: 07/11/2025
  • Year Built: 1900
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Outside Features: Bay View, Deck, Ocean View
  • Siding Exterior: Aluminum, Brick

Garage/Parking

  • Parking Exterior: Off Site Parking

Utilities

  • Air Conditioner: Wall Units
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Historical District, Boardwalk Area, Water View
  • Lot Dimensions: 23x50

Multi Family

  • Number Of Units: 3
  • Separate Meters: Electric, Gas

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,755 $166,725 $34,700 $132,025
2024 $5,755 $166,725 $34,700 $132,025
2023 $6,297 $166,725 $34,700 $132,025
2022 $6,297 $166,725 $34,700 $132,025
2021 $6,504 $166,725 $34,700 $132,025
2020 $6,559 $166,725 $34,700 $132,025
2019 $3,984 $100,000 $55,000 $45,000
2018 $3,533 $100,000 $55,000 $45,000
2017 $3,421 $100,000 $55,000 $45,000
2016 $3,860 $100,000 $55,000 $45,000
2015 $3,422 $100,000 $55,000 $45,000
2014 $3,348 $100,000 $55,000 $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $395,000 -- --
Source: South Jersey Shore Regional MLS

Purchase History

Date Type Sale Price Title Company
Deed $99,000 None Available
Deed $77,000 None Available
Deed -- Surety Title Corp
Deed $525,000 The Title Company Of Jersey
Deed -- The Title Company Of Jersey
Deed $431,000 --
Deed $350,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $395,000 Credit Line Revolving
Previous Owner $115,000 No Value Available
Previous Owner $323,250 Purchase Money Mortgage
Previous Owner $245,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Austin Dillon

MARCHESE REAL ESTATE, LLC

(609) 547-3972

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Source: South Jersey Shore Regional MLS

MLS Number: 598112

South Jersey Shore Regional MLS

APN: 02-00083-0000-00002