1830 E Riverside Dr Atlantic City, NJ 08401
Venice Park NeighborhoodEstimated payment $2,947/month
Highlights
- River View
- Multiple cooling system units
- Baseboard Heating
- Deck
- Patio
- 2-minute walk to Horace Bryant Park
About This Home
Turnkey waterfront 2-Family Opportunity in the Desirable Chelsea Heights Section of Atlantic City. This fully renovated and move-in ready duplex presents an exceptional investment opportunity with projected returns delivering a 12% cap rate once fully rented. Both units are currently vacant, giving the new owner the flexibility to set market rents immediately or choose an owner-occupant strategy while leasing the second unit. Each unit offers bright, spacious living areas with updated flooring throughout, fresh neutral paint, and abundant natural light. The kitchens feature white cabinetry creating a clean and modern feel. Bathrooms are well-maintained with classic tile surrounds and updated finishes. Both units include four bedrooms, providing excellent rental appeal and strong income potential. The layout of both units is functional and inviting, with generous room sizes and multiple windows that enhance the natural light throughout the home. Located in the residential Chelsea Heights neighborhood of Atlantic City, this property offers a quieter setting while still being minutes from major roadways, waterfront access, casinos, and all that the city has to offer. Whether you're looking to add a high-yield property to your portfolio or occupy one unit while generating income from the other, this fully vacant and turnkey duplex is positioned to produce strong cash flow from day one once leased.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,507
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 36 x 90.72
- River Front
- Fenced
Parking
- Unpaved Parking
Home Design
- Duplex
- Brick Exterior Construction
- Asphalt Rolled Roof
- Vinyl Siding
Interior Spaces
- 2,707 Sq Ft Home
- 2-Story Property
- River Views
- Crawl Space
- Stove
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 8 Bedrooms
Outdoor Features
- Deck
- Patio
Utilities
- Multiple cooling system units
- Heating System Uses Natural Gas
- Furnace
- Baseboard Heating
- Natural Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 02-00676-0000-00001
Map
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 | $6,645 | $192,500 | $59,700 | $132,800 |
| 2024 | $6,645 | $192,500 | $59,700 | $132,800 |
| 2023 | $7,271 | $192,500 | $59,700 | $132,800 |
| 2022 | $7,271 | $192,500 | $59,700 | $132,800 |
| 2021 | $7,509 | $192,500 | $59,700 | $132,800 |
| 2020 | $7,573 | $192,500 | $59,700 | $132,800 |
| 2019 | $7,968 | $200,000 | $100,000 | $100,000 |
| 2018 | $7,066 | $200,000 | $100,000 | $100,000 |
| 2017 | $6,842 | $200,000 | $100,000 | $100,000 |
| 2016 | $7,720 | $200,000 | $100,000 | $100,000 |
| 2015 | $6,844 | $200,000 | $100,000 | $100,000 |
| 2014 | $6,696 | $200,000 | $100,000 | $100,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/22/2026 03/22/26 | Price Changed | $2,750 | -8.3% | $2 / Sq Ft | |
| 02/28/2026 02/28/26 | Price Changed | $3,000 | 0.0% | $2 / Sq Ft | |
| 02/25/2026 02/25/26 | For Sale | $450,000 | 0.0% | $166 / Sq Ft | |
| 02/11/2026 02/11/26 | Price Changed | $2,800 | -6.7% | $2 / Sq Ft | |
| 12/24/2025 12/24/25 | For Rent | $3,000 | 0.0% | -- | |
| 10/15/2025 10/15/25 | Sold | $360,000 | -4.0% | $133 / Sq Ft | View Prior Sale |
| 10/09/2025 10/09/25 | For Sale | $375,000 | 0.0% | $139 / Sq Ft | |
| 07/29/2025 07/29/25 | Pending | -- | -- | -- | |
| 06/24/2025 06/24/25 | For Sale | $375,000 | -- | $139 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $360,000 | Stewart Title | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $288,000 | Construction | |
| Previous Owner | $95,000 | Purchase Money Mortgage |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22604815
APN: 02-00676-0000-00001
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