131 N Congress Ave Atlantic City, NJ 08401
Uptown Atlantic City NeighborhoodEstimated payment $2,216/month
Total Views
8,020
2
Beds
2.5
Baths
1,064
Sq Ft
$296
Price per Sq Ft
Highlights
- Ocean View
- Water Access
- Open Floorplan
- Home fronts navigable water
- New Construction
- Traditional Architecture
About This Home
Priced to sell at $315,000, this brand‐new 2BD/2.5BA home with potential for a 3rd bedroom, just four blocks from Atlantic City’s Boardwalk offers modern coastal living with strong investment appeal. Featuring three private balconies, en‐suite baths in every bedroom, and a private garage, it’s ideal as a primary residence, vacation getaway, or income‐producing rental. Sellers are ready to make a deal — with additional benefits available if you work directly with the listing agent (subject to final seller approval).
The open‐concept layout features granite countertops, stainless steel appliances, and contemporary finishes throughout.
Investment highlights:
Long‐term rents estimated at $2,950–$3,100/month, supporting a Cap Rate of 9.5–9.7% and Cash‐on‐Cash Return of 9.5%–9.7%. Seasonal short‐term rentals offer additional upside.
Bonus incentives: Seller is also willing to provide closing cost assistance and/or a furniture credit with acceptable terms (subject to final approval).
Located near the beach, casinos, Absecon Lighthouse, Steel Pier, and dining, this property combines lifestyle, location, and ROI. Schedule your showing today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,999
Year Built
- Built in 2019 | New Construction
Lot Details
- 1,037 Sq Ft Lot
- Lot Dimensions are 25.00 x 41.50
- Home fronts navigable water
- Property is in excellent condition
- Property is zoned RM-1
Parking
- 1 Car Attached Garage
- Front Facing Garage
- Driveway
Home Design
- Traditional Architecture
- Slab Foundation
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- 1,064 Sq Ft Home
- Property has 3 Levels
- Open Floorplan
- Family Room Off Kitchen
- Combination Dining and Living Room
- Carpet
- Ocean Views
Kitchen
- Breakfast Area or Nook
- Gas Oven or Range
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
Laundry
- Laundry on lower level
- Washer and Dryer Hookup
Outdoor Features
- Water Access
- Property is near an ocean
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Atlantic City Subdivision
Listing and Financial Details
- Tax Lot 00027
- Assessor Parcel Number 02-00307-00027
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,033 | $58,900 | $36,600 | $22,300 |
| 2024 | $2,033 | $58,900 | $36,600 | $22,300 |
| 2023 | $2,225 | $58,900 | $36,600 | $22,300 |
| 2022 | $2,225 | $58,900 | $36,600 | $22,300 |
| 2021 | $3,507 | $89,900 | $36,600 | $53,300 |
| 2020 | $3,537 | $89,900 | $36,600 | $53,300 |
| 2019 | $1,793 | $45,000 | $40,000 | $5,000 |
| 2018 | $1,590 | $45,000 | $40,000 | $5,000 |
| 2017 | $1,539 | $45,000 | $40,000 | $5,000 |
| 2016 | $1,737 | $45,000 | $40,000 | $5,000 |
| 2015 | $3,764 | $110,000 | $40,000 | $70,000 |
| 2014 | $3,683 | $110,000 | $40,000 | $70,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | Price Changed | $315,000 | -1.6% | $296 / Sq Ft |
| 07/22/2025 07/22/25 | Price Changed | $320,000 | -4.5% | $301 / Sq Ft |
| 06/26/2025 06/26/25 | For Sale | $335,000 | -- | $315 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $15,000 | Infinity Title |
Source: Public Records
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Source: Bright MLS
MLS Number: NJAC2019486
APN: 02-00307-0000-00028
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