New - 3 days on Rocket
$2,850 Closing Credit¹
#593252, Listing Office: GRACE PROPERTIES
$243,900 List price
1406 Madison Ave Atlantic City, NJ 08401
$2,896
Closing credit¹
2,418 sqft
$101 / sqft
Multi-Family
Property details
About 1406 Madison Ave
Investors take note of this opportunity in Venice Park, Atlantic City! This legal duplex represents a fantastic investment option for rental income, whether through Airbnb or annual rental agreements. Unit 2, located upstairs, features two bedrooms on the main floor and either one bedroom or a loft on the third floor. Both the kitchen and bathroom have been renovated, and the house is undergoing additional renovations. There is a new front porch, a deck at the back of the house, and a new terrace/porch on the third floor. Additionally, the HVAC system is just one year old, and there are newer kitchen appliances. Ground-level Unit 1 is framed for a two-bedroom apartment, which includes a kitchen and one bathroom. Renovations are needed throughout this unit. The buyer is responsible for all certifications, inspections, and the Certificate of Occupancy. This property is easy to show, with a lockbox on the front door of Unit 2. Please call showing time to schedule a viewing.
Highlights
Home typeDuplex
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air, Electric
Size2,418 sqft
ParkingOff Site Parking
MLS #592163
WaterfrontSee Remarks
ViewSee Remarks
Summary
- MLS Number: 592163
- Office Name: BHHS FOX and ROACH-Northfield
- Office Phone: (609) 646-1900
- Office Email: rachel.holloway@foxroach.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: 2/22/2025, 11:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$243,900
1406 Madison Ave
$2,896
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 12, 2022 | Home Sold | $95,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $125,000 | $4,456 |
| 2022 | $125,000 | $4,876 |
| 2021 | $125,000 | $4,876 |
| 2020 | $125,000 | $4,917 |
| 2019 | $85,000 | $3,386 |
History based on county public records data.
Nearby schools
3
Brighton Avenue School
Public District PK-5
1.2 mi
•30 N Brighton Ave
8
Ventnor Elementary School
Public District PK-4
3.5 mi
•400 N Lafayette Ave
9
William H. Ross III Elementary School
Public District PK-4
4.2 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 $79,098. Typical income of Atlantic City, NJ residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
16%
<35k
55%
35k-100k
28%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
51%
Single, No Kids
22%
Single, with Kids
18%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
41%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Horse Races
Continuing Education Courses
College Basketball
Where do the neighbors shop?
Stein Mart
Express/Express For Men
Dillards
Where do the neighbors go to eat?
LongHorn Steakhouse
Qdoba
Logan's Roadhouse
What do the neighbors drive?
Buick
Volkswagen
Hyundai
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 1406 Madison Ave in Atlantic City, NJ and zip code 08401 in the Venice Park neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 16, 2025 and is currently priced at $243,900.
Atlantic City, NJ housing market in January 2025 saw over 3 listings sold above listed price, more than 8 sold at listed price and over 8 sold below. The number of listings in Atlantic City, NJ increased by 8.8% between December and January 2025. The median list price of listings available in January 2025 was $239,987, while the average time on the real estate market was 103 days.
From Rocket Homes Real Estate and based on county public records data.