7 days on Rocket
$7,113 Closing Credit¹
#596882, Listing office: eXp Realty-Northfield
$1,049,900 List price
18 S Pennsylvania Atlantic City, NJ 08401
$10,000
Closing credit¹
Multi-Family
Property details
About 18 S Pennsylvania
10-unit mixed-use building located just half a block from the Hard Rock Hotel & Casino and only 1.5 blocks to the beach and the world-famous Atlantic City Boardwalk! This investment opportunity offers a current 10.5% cap rate and includes a large ground-floor commercial space, currently leased to a restaurant, with separate gas and electric meters. The building also features nine residential units, each with individual electric meters. Income and expense details are available to qualified buyers. The property is ideally situated within walking distance to major attractions including all local casinos, restaurant, hospital, marina and more. With consistent occupancy and unbeatable proximity to beaches, fishing piers, jettys, and entertainment, this building offers a strong investment to investors in the heart of Atlantic City.
Highlights
Home typeMulti Family
HeatingNatural Gas, Radiant
StatusActive
Year built1930
MLS #595117
Summary
- Attached Garage: No
- Parking: None
- Heating: Natural Gas, Radiant
- List Price: $1,049,900
- Directions: Absecon Blvd to 18 S Pennsylvania
- Year Built: 1930
- MLS Number: 595117
- Office Name: REAL-GALLOWAY
- Office Phone: (609) 380-9572
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: 6/10/2025, 8:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,049,900
18 S Pennsylvania
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
Brighton Avenue School
Public District PK-5
1.4 mi
•30 N Brighton Ave
8
Ventnor Elementary School
Public District PK-4
4.1 mi
•400 N Lafayette Ave
9
William H. Ross III Elementary School
Public District PK-4
4.7 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 $23,279. The majority of Atlantic City, NJ residents have income less than $<35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
75%
<35k
21%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
16%
Single, with Kids
17%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
4%
12-17 yrs old
21%
18-34 yrs old
55%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
UFC- Pro Boxing
Where do the neighbors shop?
Family Dollar
Chico's
Burlington
Where do the neighbors go to eat?
Church's Chicken
Bob Evans
Burger King
What do the neighbors drive?
Cadillac
Oldsmobile
Buick
What do the neighbors listen to?
Jazz
News
Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 18 S Pennsylvania
The listing price of 18 S Pennsylvania property is $1,049,900.
The property 18 S Pennsylvania is a multi located in Atlantic City, New Jersey, 08401.
Active Listing: 18 S Pennsylvania is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 18 S Pennsylvania 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), Pennsylvania Avenue School (GreatSchools Rating 3/10), New York Avenue School (GreatSchools Rating 1/10), Uptown School Complex (GreatSchools Rating 3/10), Atlantic City High School (GreatSchools Rating 2/10), Pleasantville High School (GreatSchools Rating 2/10), Mainland Regional High School (GreatSchools Rating 5/10).
The year of construction for 18 S Pennsylvania is 1930.
This home is located at 18 S Pennsylvania in Atlantic City, NJ and zip code 08401 in the Downtown neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 11, 2025 and is currently priced at $1,049,900.
While more than 3 listings in Atlantic City, NJ in May 2025 were sold above asking price, there were more than 5 listings sold at asking price, and more than 15 were sold below. The number of homes for sale in Atlantic City, NJ increased by 9.8% between April and May 2025. In May 2025 median list price was $246,000 and the average listing age was 95 days.
From Rocket Homes Real Estate and based on county public records data.