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$ 800,000
Est. payment | /mo
3 Beds
3 Baths
$ 800,000
Est. payment | /mo
3 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 595807
Bedrooms 3
Full Baths 3
Annual Tax Amount $7,478
Tax Year 2025
Property Sub-Type Triplex
Property Description
Investor opportunity in the heart of Atlantic City! Welcome to 8 N Montpelier Avenue, a fully occupied, income-producing triplex with an additional rooming house setup, located just 2.5 blocks from the beach. The property features one 3-bedroom, 1-bath unit, two 2-bedroom, 1-bath units, and a rooming area consisting of six rentable rooms. The rooming house is supported by two shared full bathrooms, with one room offering a private half bath. Some units have already been rehabbed, providing added value and upside potential. Each apartment pays its own utilities, while the owner is responsible only for the utilities in the rooming area. Tenants enjoy shared outdoor spaces including a back deck and patio—perfect for relaxation or entertaining. With 100% occupancy and an annual income/expense sheet available upon request, this property is ideal for a savvy investor looking to step into a turn-key opportunity in a prime location near the beach and boardwalk.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details See Remarks
Interior
Heating Baseboard, Radiator
Exterior
Exterior Feature Brick, Vinyl
Parking Features Attached Garage
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by KELLER WILLIAMS REALTY JERSEY SHORE-Margate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "