#595652, Listing office: BHHS FOX and ROACH-Northfield
Property details
About 1 S New Hampshire Ave
Investor Opportunity – Value-Add Triplex in Northern Atlantic City Welcome to 1 S New Hampshire Avenue, a fully vacant triplex located in the northern section of Atlantic City, just minutes from the beach and surrounded by ongoing redevelopment. This property features three separate units: a 2-bedroom, 1-bath unit on the first floor, a 2-bedroom, 1-bath unit on the second floor, and a spacious 4-bedroom, 2-bath unit spanning the third and fourth floor. The building is being sold strictly as-is, with the buyer responsible for obtaining the Certificate of Occupancy and any municipal approvals. The property offers significant upside for the savvy investor. While it needs a full cosmetic renovation, comps in the area support strong rental income once stabilized. Conservative estimates place market rents at $1,600/month for the 2-bedroom units and $2,500/month for the 4-bedroom unit, giving this asset a potential gross annual rent roll of approximately $68,400. **Important disclosure**: the **first-floor unit experienced a pipe burst and is currently gutted**—listing photos show the unit *prior* to the damage and are intended to reflect its original layout. With all three units vacant and ready for rehab, this is a blank slate investment opportunity with serious cash-flow potential in a rapidly evolving section of Atlantic City. Easy to show—**schedule your tour today and bring your vision.**
Highlights
Home typeTriplex
HeatingNatural Gas
StatusActive
CoolingWall Unit(s)
Year built1900
ParkingOff Site Parking
MLS #598112
WaterfrontWater View
ViewWater, Bay, Ocean
Summary
- Attached Garage: No
- Parking: Off Site Parking
- Waterfront: Water View
- View: Water, Bay, Ocean
- Exterior: Bay View, Deck, Ocean View
- Heating: Natural Gas
- Cooling: Wall Unit(s)
- List Price: $395,000
- Annual Tax Amount: $5,943
- Tax Year: 2024
- Lot: Views
- Directions: Absecon Blvd to left on Mediterranean Ave to Melrose Ave to New Hampshire Ave
- Year Built: 1900
- MLS Number: 598112
- Office Name: MARCHESE REAL ESTATE, LLC
- Office Phone: (609) 241-5141
- Office Email: Info@Marcheseteam.com
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The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/13/2025, 4:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 11, 2012 | Home Sold | $99,000 |
| Jul 15, 2011 | Home Sold | $77,000 |
| Nov 26, 2007 | Home Sold | $525,000 |
| Nov 20, 2006 | Home Sold | $431,000 |
| Apr 06, 2006 | Home Sold | $350,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $166,725 | $5,943 |
| 2022 | $166,725 | $6,503 |
| 2021 | $166,725 | $6,503 |
| 2020 | $166,725 | $6,558 |
| 2019 | $100,000 | $3,984 |
History based on county public records data.
Nearby schools
3
Brighton Avenue School
Public District PK-5
2.1 mi
•30 N Brighton Ave
8
Ventnor Elementary School
Public District PK-4
4.8 mi
•400 N Lafayette Ave
9
William H. Ross III Elementary School
Public District PK-4
5.4 mi
•101 N Haverford Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $26,687. The majority of Atlantic City, NJ residents have income less than $<35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
63%
<35k
33%
35k-100k
0%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
78%
Single, No Kids
10%
Single, with Kids
9%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
5%
12-17 yrs old
16%
18-34 yrs old
34%
35-64 yrs old
36%
65+ yrs old
What do the neighbors do for fun?
UFC
PGA/LPGA
Figure Skating
Where do the neighbors shop?
Family Dollar
Chico's
Burlington
Where do the neighbors go to eat?
Burger King
Cracker Barrel
Bob Evans
What do the neighbors drive?
Buick
Oldsmobile
Cadillac
What do the neighbors listen to?
Urban Contemporary
Soft Adult Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1 S New Hampshire Ave
The listing price of 1 S New Hampshire Ave property is $395,000.
The property 1 S New Hampshire Ave is a multi located in Atlantic City, New Jersey, 08401.
Active Listing: 1 S New Hampshire Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1 S New Hampshire Ave are: Brighton Avenue School (GreatSchools Rating 3/10), Ventnor Elementary School (GreatSchools Rating 8/10), William H. Ross III Elementary School (GreatSchools Rating 9/10), Uptown School Complex (GreatSchools Rating 3/10), Pennsylvania Avenue School (GreatSchools Rating 3/10), New York Avenue School (GreatSchools Rating 1/10), Atlantic City High School (GreatSchools Rating 2/10), Pleasantville High School (GreatSchools Rating 2/10), Mainland Regional High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $5,943 (source: MLS/based on county public records data).
The last sale was on May 11, 2012 for $99,000 (source: MLS/tax record).
The year of construction for 1 S New Hampshire Ave is 1900.
This home is located at 1 S New Hampshire Ave in Atlantic City, NJ and zip code 08401 in the South Inlet neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 11, 2025 and is currently priced at $395,000.
Over 0 listings were sold over their listed price in June 2025 in Atlantic City, NJ. In the same period over 20 listings were sold below the listed price and 3 listings were sold for the listed price. Between May and June 2025, Atlantic City, NJ real estate market has seen increase in the number of listings by 4.3%. In June 2025 median list price was $240,000 and the average listing age was 83 days.
From Rocket Homes Real Estate and based on county public records data.