$10,000 Closing Credit¹
#588074, Listing Office: Soleil Sotheby's International Realty - A
$1,499,000 List price
112 S Raleigh Ave Atlantic City, NJ 08401
$10,000
Closing credit¹
5,385 sqft
$278 / sqft
Multi-Family
Property details
About 112 S Raleigh Ave
Welcome to 112 Raleigh Avenue, a fully renovated Lower Chelsea Beach Block LUXURY Triplex that is sure to captivate your senses. This magnificent property, just two buildings away from the beach and boardwalk, offers the perfect combination of modern elegance and coastal charm Step inside Unit 1, a sprawling two-story oasis spanning nearly 3000 square feet. With 6 bedrooms and 3 full bathrooms, there is ample space for everyone to enjoy. The unit boasts its laundry facilities, ensuring convenience and ease of living. Units 2 and 3 are equally impressive, each offering 1500 square feet of thoughtfully designed living space. With 4 bedrooms and 2 bathrooms in each unit, these versatile spaces are perfect for extended family retreats or as potential rental opportunities. Plus, convenient designated laundry access awaits you in the ground floor laundry room. No detail has been missed in this spectacular renovation. Central HVAC systems have been installed in all three units for year-round comfort. New flooring throughout adds a touch of sophistication, while the stylish kitchens are perfect for culinary adventures. Every inch of this property has been enhanced with brand-new finishes that exude luxury and style. As you venture outside, you'll discover a new backyard deck where you can soak up the sun or host memorable gatherings with loved ones. And don't forget about the outdoor shower hook-up - an essential amenity for those sandy beach days! Currently as an active Airbnb, this property presents a fantastic investment opportunity with projected gross revenue of 200k. The option to purchase the units furnished is also on the table, allowing for immediate or seamless continuation of this successful venture. Don't miss your chance to own this remarkable triplex, one of the most sought-after locations in Lower Chelsea. Showings are subject to availability, so now to experience coastal living at its finest, contact us today to secure your piece of paradise! Income and Expenses Available
Highlights
Home typeTriplex
HeatingBaseboard, Natural Gas, Hot Water
StatusActive
CoolingCentral Air, Wall Unit(s)
Size5,385 sqft
BasementYes
Year built1920
ParkingThree or More Cars
MLS #594113
WaterfrontOcean Front, Water View
ViewOcean, Water
Summary
- MLS Number: 594113
- Office Name: WEICHERT REALTORS ASBURY GROUP-AC
- Office Phone: (609) 344-6200
- Office Email: john@weichertoc.com
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2025 SJSR MLS. All rights reserved.
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: 3/14/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,499,000
112 S Raleigh Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 21, 2021 | Home Sold | $670,000 |
| May 16, 2018 | Home Sold | $450,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $503,200 | $17,939 |
| 2022 | $503,200 | $19,629 |
| 2021 | $503,200 | $19,629 |
| 2020 | $503,200 | $19,795 |
| 2019 | $515,000 | $20,517 |
History based on county public records data.
Nearby schools
3
Brighton Avenue School
Public District PK-5
0.9 mi
•30 N Brighton Ave
8
Ventnor Elementary School
Public District PK-4
2.0 mi
•400 N Lafayette Ave
9
William H. Ross III Elementary School
Public District PK-4
2.5 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 $61,384. The majority of Atlantic City, NJ residents have income between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
28%
<35k
47%
35k-100k
23%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
50%
Single, No Kids
15%
Single, with Kids
20%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
26%
18-34 yrs old
44%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Horse Races
Continuing Education Courses
Hiking/backpacking
Where do the neighbors shop?
Stein Mart
Express/Express For Men
Nordstrom Rack
Where do the neighbors go to eat?
LongHorn Steakhouse
Qdoba
Chipotle
What do the neighbors drive?
Buick
Volkswagen
Mazda
What do the neighbors listen to?
Contemporary Inspirational
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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This home is located at 112 S Raleigh Ave in Atlantic City, NJ and zip code 08401 in the Lower Chelsea neighborhood. This 5,385 square foot home was built in 1920. Features: 0 bathroom. It has been listed on Rocket Homes since March 13, 2025 and is currently priced at $1,499,000.
While more than 5 listings in Atlantic City, NJ in February 2025 were sold above asking price, there were more than 5 listings sold at asking price, and more than 13 were sold below. The number of homes for sale in Atlantic City, NJ increased by 7.9% between January and February 2025. While the average time on the market in February 2025 was 68 days, the median list price was $240,000.
From Rocket Homes Real Estate and based on county public records data.