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1916 Magellan Ave Ave, Atlantic City, NJ 08401

Local realty services provided by:CENTURY 21 Reilly Realtors
1916 Magellan Ave Ave,Atlantic City, NJ 08401
$270,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: vehonna thompson
Office: keller williams realty atlantic shore-northfield
MLS#:604924
Source:NJ_SJSRMLS

Price summary

  • Price:$270,000

About this home

Live in one, rent the other — or add a solid asset to your portfolio! This well-maintained duplex offers 1,478 sq ft of living space with two 2-bedroom, 1-bathroom units, each featuring separate utilities, its own hot water heater, and its own furnace — a true set-it-and-forget-it setup for any owner or investor. Peace of mind comes standard here — the roof was replaced in 2021, and both units feature furnaces and hot water heaters installed in 2021, meaning the big-ticket items are already taken care of for years to come. The top unit is vacant and move-in ready, showcasing beautiful hardwood floors. The bottom unit features vinyl flooring and has a tenant in place through mid-March, providing immediate rental income from day one. With a 4.3% cap rate in a high-demand coastal market with strong appreciation potential, this is a smart addition to any investment portfolio. Outside, enjoy a fenced backyard and convenient street parking. No basement means less maintenance and more

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Home facts

  • Year built:1900
  • Listing ID #:604924
  • Added:1 day(s) ago
  • Updated:February 21, 2026 at 04:11 PM

Heating and cooling

  • Heating:Gas-Natural

Structure and exterior

  • Year built:1900

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$270,000
  • Tax amount:$4,015 (2025)

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