$499,000

Estimated payment $3,336/month

Total Views 545
5 Beds
2.5 Baths
3,220 Sq Ft
$155 Price per Sq Ft

Highlights

  • 0.03 Acre Lot
  • Ceiling Fan
  • 4-minute walk to Texas Avenue Playground
  • Corner Lot

About This Home

"Prime location near famous casinos and boardwalk, featuring a restaurant, employee apartments, and untapped potential. A Triple-Level Gem! It's a great opportunity for first time home buyers to use the third floor for living and other two floor rent could pay the mortgage and also great investment for investors. The second floor is brimming with 3 spacious bedrooms and a full bath, rented to the restaurant's employees. Third floor is vacant and weighted with 2 Commodious bedrooms and Generous living space and full bath.Ground floor is well-known restaurant in the area for more than six years. The property is being sold strictly in "as-is, condition.

Listing Agent

Inderjit Singh

COLDWELL BANKER REALTY Brokerage Phone: 973-856-3749 Listed on: 07/20/2025

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,886

Year Built

  • Built in 1965

Lot Details

  • 1,307 Sq Ft Lot
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape

Interior Spaces

  • Ceiling Fan
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Window Unit Cooling System
  • Multiple Heating Units
  • Standard Electricity
  • Gas Water Heater

Community Details

  • 3,220 Sq Ft Building
  • Net Operating Income $35,665

Listing and Financial Details

  • Assessor Parcel Number 1002-00345-0000-00062-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,886

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1965
  • Year Built Description: Approximate
  • County Name: Atlantic
  • Street Number Display: 2801
  • Directions: Keep left on GSPkwy S, Exit 38A to Atlantic City Expy E, Right on Fairmount Ave, Left on N Brighton Ave, Left on Arctic Ave to 2801 Arctic Ave
  • I D: 5372991
  • Modified: 2025-07-27
  • Number Images: 14
  • Attribution Contact: 973-856-3749
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
  • Total Number Rooms: 11
  • Bedrooms: 5
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1

Exterior Features

  • Exterior Description: ConcBrd
  • Exterior Features: Curbs, Sidewalk
  • Roof Description: Flat

Garage/Parking

  • Garage Description: On-Street Parking
  • Parking Driveway Description: On-Street Parking

Utilities

  • Cooling: Ceiling Fan, Window A/C(s)
  • Fuel Type: Electric, Gas-Natural
  • Heating: 3 Units
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 18.1X61
  • Assessed Improvement Value: 158300
  • Assessed Land Value: 41200
  • Assessment: 199500
  • Easement: Unknown
  • Lot Description: Corner
  • Lot Identifier: 62
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.03
  • Zoning: NC-1

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6886
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1002-00345-0000-00062-0000-
  • Tax Rate Amount: 3.452
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 3

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
2024 $6,887 $199,500 $41,200 $158,300
2023 $7,535 $199,500 $41,200 $158,300
2022 $7,535 $199,500 $41,200 $158,300
2021 $7,783 $199,500 $41,200 $158,300
2020 $7,848 $199,500 $41,200 $158,300
2019 $12,749 $320,000 $100,000 $220,000
2018 $12,175 $344,600 $101,300 $243,300
2017 $11,789 $344,600 $101,300 $243,300
2016 $13,302 $344,600 $101,300 $243,300
2015 $11,792 $344,600 $101,300 $243,300
2014 $11,537 $344,600 $101,300 $243,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 For Sale $499,000 -- $155 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

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Source: Garden State MLS

MLS Number: 3976547

Garden State MLS

APN: 02-00345-0000-00062