325 Atlantic Ave Ave, Atlantic City, NJ 08401
Local realty services provided by:
325 Atlantic Ave Ave,Atlantic City, NJ 08401
$559,900
- - Beds
- - Baths
- 2,268 sq. ft.
- Multi-family
- Active
Listed by:hader rivas
Office:exp realty-northfield
MLS#:596882
Source:NJ_SJSRMLS
Price summary
- Price:$559,900
- Price per sq. ft.:$246.87
About this home
**ATTENTION INVESTORS** Located at the Jersey Shore, in a prime area of Atlantic City we have a **FULLY RENOVATED** **FULLY OCCUPIED** mixed-use property offering an excellent **TURNKEY** investment opportunity. The building features (4) well -maintained units, including (3) residential apartments and (1) leased commercial space on the first floor. Recent updates include a **BRAND NEW ROOF** and extensive renovations to **ALL MAJOR SYSTEMS** within the past two years, minimizing future maintenance costs. **APARTMENT 1** consists of 1-bedroom (plus a den) and 1-bath on the first floor, rented for $1,200/month on a month-to-month lease. **APARTMENT 2** is a 2-bedroom, 1-bath on the second floor, rented for $1,450/month on a yearly lease due for renewal October 2025. **APARTMENT 3** is a 2-bedroom, 1-bath on the third floor, rented for $1,400/month on a yearly lease that was just renewed February 2025. The **COMMERCIAL SPACE** is leased to a 24/7 take-out restaurant for $2,100/month on a 5-year lease (exp. April 2029), with a guaranteed 5% rent increase per year! With a **TOTAL GROSS INCOME OF $73,800** and a **NET OPERATING INCOME (NOI) OF $62,338**, this property presents a solid **9.97% CAP RATE** at the current asking price. The building’s operating expenses include taxes of $4,902/year, insurance at approximately $5,000/year, and sewer/water costs shared equally with the commercial tenant, totaling around $1,200/year for the owner. Additionally, electric and gas are separately metered for each unit, with tenants also responsible for heat and hot water. The property is strategically located in a high-traffic area of Atlantic City, just minutes from the iconic Atlantic City Boardwalk, world-class casinos, and entertainment venues. It’s an optimal location for long-term growth, with proximity to major highways and public transportation, making it a highly desirable area for both residential tenants and commercial ventures. With a thriving tourism industry and a growing demand for housing and retail in Atlantic City, this property represents a unique opportunity to own a fully-renovated, fully occupied, income-generating asset in one of New Jersey’s most dynamic markets. Contact us today to schedule a private showing or for more information!
Contact an agent
Home facts
- Year built:1950
- Listing ID #:596882
- Added:137 day(s) ago
- Updated:October 18, 2025 at 03:56 PM
Rooms and interior
- Living area:2,268 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Gas-Natural
Structure and exterior
- Year built:1950
- Building area:2,268 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$559,900
- Price per sq. ft.:$246.87
- Tax amount:$4,747 (2024)
New listings near 325 Atlantic Ave Ave
- New
$250,000Active2 beds 2 baths984 sq. ft.1523 N Arkansas Ave, Venice Park, NJ 08401
MLS# 601551Listed by: REAL-GALLOWAY - New
$225,000Active1 beds 2 baths978 sq. ft.3101 Boardwalk #1617-2, Atlantic City, NJ 08401
MLS# 601544Listed by: BHHS FOX AND ROACH-MARGATE - New
$550,000Active2 beds 2 baths1,385 sq. ft.3101 Boardwalk #2905-2, ATLANTIC CITY, NJ 08401
MLS# NJAC2021354Listed by: BOARDWALK REALTY LLC - New
$305,000Active2 beds 2 baths1,100 sq. ft.526 Pacific Ave #2004, Atlantic City, NJ 08401
MLS# 601477Listed by: WEICHERT REALTORS ASBURY GROUP-AC - New
$999,000Active-- beds -- baths111 Oriental Ave Ave, Atlantic City, NJ 08401
MLS# 601499Listed by: EXP REALTY-NORTHFIELD - New
$349,000Active2 beds 2 baths526 Pacific Ave #1606, Atlantic City, NJ 08401
MLS# 601500Listed by: KELLER WILLIAMS REALTY JERSEY SHORE-ATLANTIC CITY - Open Sat, 12 to 2pmNew
$330,000Active2 beds 2 baths1,248 sq. ft.322 N Trenton Ave, ATLANTIC CITY, NJ 08401
MLS# NJAC2021344Listed by: KELLER WILLIAMS ELITE REALTORS - New
$339,900Active3 beds 2 baths1,297 sq. ft.1647 N Michigan Ave, ATLANTIC CITY, NJ 08401
MLS# NJAC2021170Listed by: EXP REALTY, LLC - New
$174,900Active3 beds 1 baths1044 N Ohio Ave, Atlantic City, NJ 08401
MLS# 601461Listed by: EXP REALTY-ATLANTIC CITY - New
$1,349,000Active-- beds -- baths6,856 sq. ft.4021 Atlantic Ave, Atlantic City, NJ 08401
MLS# 601462Listed by: MARKETPLACE REALTY
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.