$999,000
$100K PRICE DROP

Estimated payment $6,803/month

Total Views 2,750
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

10-unit mixed-use building located just half a block from the Hard Rock Hotel & Casino and only 1.5 blocks to the beach and the world-famous Atlantic City Boardwalk! This investment opportunity offers a current 10.5% cap rate and includes a large ground-floor commercial space, currently leased to a restaurant, with separate gas and electric meters. The building also features nine residential units, each with individual electric meters. Income and expense details are available to qualified buyers. The property is ideally situated within walking distance to major attractions including all local casinos, restaurant, hospital, marina and more. With consistent occupancy and unbeatable proximity to beaches, fishing piers, jettys, and entertainment, this building offers a strong investment to investors in the heart of Atlantic City.

Listing Agent

Dan Levy

REAL-GALLOWAY Listed on: 04/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,438

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 40x90

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

  • 10 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,438

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Lvt Date: 04/11/2025
  • Year Built: 1930
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Heating: Gas-Natural, Radiant
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 40x90

Multi Family

  • Number Of Efficiency Units: 3
  • Number Of Units: 10
  • Number Of1 Bedroom Units: 5
  • Number Of2 Bedroom Units: 1

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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 $16,438 $476,200 $90,000 $386,200
2024 $16,438 $476,200 $90,000 $386,200
2023 $17,986 $476,200 $90,000 $386,200
2022 $17,986 $476,200 $90,000 $386,200
2021 $18,577 $476,200 $90,000 $386,200
2020 $18,734 $476,200 $90,000 $386,200
2019 $14,940 $375,000 $125,000 $250,000
2018 $14,132 $400,000 $150,000 $250,000
2017 $13,684 $400,000 $150,000 $250,000
2016 $15,440 $400,000 $150,000 $250,000
2015 $13,688 $400,000 $150,000 $250,000
2014 $15,066 $450,000 $200,000 $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Price Changed $999,000 -0.1% --
07/09/2025 07/09/25 Price Changed $999,900 -4.8% --
06/09/2025 06/09/25 Price Changed $1,049,900 -3.6% --
05/22/2025 05/22/25 Price Changed $1,089,000 -0.9% --
04/11/2025 04/11/25 For Sale $1,099,000 0.0% --
01/01/2023 01/01/23 Rented -- -- --
12/02/2022 12/02/22 For Rent $850 -2.9% --
12/01/2022 12/01/22 Rented -- -- --
10/20/2022 10/20/22 Price Changed $875 -2.8% --
10/01/2022 10/01/22 Rented -- -- --
09/28/2022 09/28/22 For Rent $900 -10.0% --
09/06/2022 09/06/22 For Rent $1,000 0.0% --
08/15/2022 08/15/22 Rented -- -- --
07/07/2022 07/07/22 For Rent $1,000 +21.2% --
05/01/2022 05/01/22 Rented -- -- --
03/16/2022 03/16/22 Price Changed $825 -2.9% --
03/09/2022 03/09/22 Price Changed $850 -5.6% --
02/12/2022 02/12/22 Rented -- -- --
02/02/2022 02/02/22 For Rent $900 -10.0% --
11/15/2021 11/15/21 For Rent $1,000 +53.8% --
10/23/2019 10/23/19 Rented -- -- --
10/22/2019 10/22/19 For Rent $650 -- --
07/21/2017 07/21/17 Rented -- -- --
06/21/2017 06/21/17 Under Contract -- -- --
03/21/2017 03/21/17 For Rent -- -- --
Source: South Jersey Shore Regional MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $525,000 Atlantic Title
Bargain Sale Deed $525,000 Atlantic Title
Deed $300,000 Surety Title
Sheriffs Deed -- None Available
Deed $825,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,075,000 New Conventional
Previous Owner $382,500 Commercial
Previous Owner $400,000 Commercial
Previous Owner $780,000 Commercial
Previous Owner $100,000 No Value Available
Previous Owner $185,000 Commercial
Source: Public Records

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Source: South Jersey Shore Regional MLS

MLS Number: 595117

South Jersey Shore Regional MLS

APN: 02-00138-0000-00005