2801 Arctic Avenue Atlantic City, NJ $ 499,000
2801 Arctic Avenue
$ 499,000
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2801 Arctic Avenue

Atlantic City, NJ, 08401
$ 499,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 3,113

2801 Arctic Avenue, Atlantic City, NJ 08401 - Image 1
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Multi-Family Home for sale in Atlantic City, NJ

for $499,000 with 5 bedrooms. This home was built in 1965 on a lot size of 0.03.

Prime location near famous casinos and the boardwalk, featuring a restaurant, employee apartments, and untapped potential a Triple-Level Gem! This is a fantastic opportunity for first-time homebuyers to live on the third floor and rent out the other two levels to potentially cover the mortgage, or for investors seeking strong rental income. The ground floor houses a well-established restaurant operating for over six years, adding great value. The second floor is now vacant and offers 3 spacious bedrooms and a full bath ideal for rental or personal use. The third floor is also vacant, boasting 2 commodious bedrooms, generous living space, and a full bath. Property is being sold strictly in "as-is" condition. Dont miss this income-generating opportunity in a high-demand area!

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Multi-Family Active

Price

$ 499,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 6,886

Style

Lot Size

0.03

Year Built

1965

Town/City

Atlantic City

County/Region

Atlantic

MLS | Web ID

NJAC2019880

Features
General
Living Area 3220
Sewer Public Sewer
Heating Baseboard - Electric
Cooling Ceiling Fan(s) Window Unit(s)
Utilities Sewer Available Water Available Natural Gas Available Electric Available Cable TV Available
Possession Negotiable Immediate
Roof Flat Rubber
Zoning NC-1
Architectural Style Other
Construction Materials Concrete Other
School District ATLANTIC CITY SCHOOLS
Year Built 1965
View City Street Water
Property Subtype Triplex
Tax Year 2024
Ownership Fee Simple
Cool Fuel None
Municipality ATLANTIC CITY
Gross Income 33600.00
Accessibility None
County ATLANTIC
Net Operating Income 21265.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Total Rooms 9
Status ACTIVE
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
City ATLANTIC CITY
Disclosures None
Number Of Units Total 3
MLS Area Atlantic City (20102)
Lot Size Units Square Feet
Lot Size Square Feet 1102.00
Number of Units Leased 1
Tax Annual Amount 6886.0
Home Warranty Y/N N
Property Condition Average
Two Bedroom 1
Structure Type Over Storefront
Price Per Sq Ft Total AG 154.97
Acceptable Financing Cash Conventional FHA FHA 203(k) VA Other
Historic Y/N N
Rent Control Y/N N
Vacation Rental Y/N N
Location Type Corner Lot/Unit
Lease Type Month to Month Long Term
Standard Status Active
Year Built Source Assessor
Tax Lot 00062
Total Actual Rent 33600.00
Cap Rate 11.26
Association Recreation Fee N
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Interior
Interior Amenities Bathroom - Stall Shower Ceiling Fan(s) Combination Dining/Living Combination Kitchen/Dining Other
Heating Fuel Natural Gas Available Electric
Flooring Hardwood Carpet Laminated Tile/Brick
Hot Water Natural Gas Electric
Total Stories 3
Furnished Units None
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
Number of Elevators 0
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Exterior
Exterior Amenities Sidewalks Street Lights
Pool No Pool
Parking Features Public
Lot Features Corner
Water Source Public
Type of Parking On Street
Spa N
Water View Y/N Y
Lot Dimensions 18.10 x 61.00
Lot Size Acres 0.03
Road Surface Type Black Top
Lot Size Source Assessor
Waterfront Y/N N
Soil Types Unknown
Road Responsibility City/County
Land Assessed Value 41200.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 2801
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* Excluded Features
List By
Coldwell Banker Residential Brokerage - Warren

Broker

ann.atherton@coldwellbankermoves.com

Email

Affordability Calculator

$3,687
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,113
Monthly Property Taxes
$574
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
5220902 Elementary School
5220904 Middle School
Atlantic City H.S. High School
Pricing History
DatePricePrice ChangeDescription
7/23/2025$499,000 Listed Price

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2801 Arctic Avenue, Atlantic City, NJ, 08401 is a Multi-Family Home for sale at $499,000 with a lot size of 0.03. 2801 Arctic Avenue has 5 bedrooms, 0.0 baths, and was built in 1965. The property's zip code is 08401 which is in Atlantic City, NJ