$439,900

Estimated payment $2,967/month

Studio
-- Baths
2,707 Sq Ft
$163 Price per Sq Ft

Highlights

  • Home fronts a canal
  • Corner Lot
  • 2-minute walk to Horace Bryant Park
  • Traditional Architecture
  • Hot Water Baseboard Heater

About This Home

Great investment opportunity on the Penrose Canal! This spacious two-story duplex offers scenic water views along with views of the city skyline and is situated on a desirable corner lot. The property features two generously sized 3-bedroom units, each with separate utilities, plus a newer roof.

The first-floor unit offers 1.5 bathrooms, a spacious living room, and a formal dining room. The recently renovated second-floor unit features a brand-new kitchen, oversized rooms, an enclosed porch, attic storage, and additional updates throughout.

Both units will are currently occupied on an annual lease which offers convenience and stability for buyer!

With its waterfront setting, spacious layouts, and strong rental potential, this property presents a unique opportunity in a convenient location.

Listing Agent

Rudy Daunno

(732) 396-3995 rudy@daunnorealty.com Daunno Realty Services LLC Brokerage Phone: 7323963995 Listed on: 08/26/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,645

Year Built

  • Built in 1900

Lot Details

  • 3,266 Sq Ft Lot
  • Lot Dimensions are 36.00 x 90.72
  • Home fronts a canal
  • Corner Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Pitched Roof

Interior Spaces

  • 2,707 Sq Ft Home
  • Laminate Flooring
  • Canal Views
  • Crawl Space

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Additional Features

  • Bulkhead
  • Flood Zone Lot

Community Details

  • 2 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 00001
  • Assessor Parcel Number 02-00676-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,645

Year Built

Built in 1900

Lot Details

3,266 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Flooring Type: Laminated
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Total Sq Ft: 2707
  • Living Area Sq Ft: 2707
  • Price Per Sq Ft: 162.50
  • Above Grade Finished Sq Ft: 2707
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Pitched
  • Spa: No
  • View: Canal, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Bulkheaded, Corner, Flood Plain
  • Lot Size Acres: 0.07
  • Lot Dimensions: 36.00 x 90.72
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3266.00
  • Zoning: R-1

Rental Info

  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Annually
  • Rent Control: No
  • Total Actual Rent: 60000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6645.00
  • Assessor Parcel Number: 02-00676-00001
  • Tax Lot: 00001
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: ATLANTIC CITY SCHOOLS

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,507 $203,200 $59,700 $143,500
2025 $6,507 $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
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2026 08/26/26 For Sale $439,900 0.0% $163 / Sq Ft
07/13/2026 07/13/26 For Rent $2,500 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
Source: Bright MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $360,000 Stewart Title
Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $288,000 Construction
Source: Public Records

Source: Bright MLS

MLS Number: NJAC2026308

Bright MLS

APN: 02-00676-0000-00001

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