$2,613 Closing Credit¹
#NJAC2013458, Erika Rosario, Listing Office: KW Empower
$2,957
closing credit¹
507 Adriatic Ave Atlantic City, NJ 08401
$249,000 List price
$2,957
Closing credit¹
1,920 sqft
$130 / sqft
Multi-Family
Property details
About 507 Adriatic Ave
Investment opportunity! Discover 507 Adriatic Ave, a valuable duplex in Atlantic City's Bungalow Park. It generates close to $2,000 monthly, fully leased, promising steady returns. The house needs TLC and if renovated can double the current income. Each unit offers two bedrooms, meeting modern living demands in a cozy setting. The sizable backyard, ideal for parking, holds potential for future enhancements. Enjoy serene views of Gardiner's Basin while being just moments from the vibrant life of the boardwalk, beaches, and casinos. Bungalow Park is on the rise, increasingly favored for investment and residential purposes. This duplex, is near dining, shopping, and cultural centers, providing all necessities within reach. Sold "as is," it's a smart buy in Atlantic City's upswing. It is ideal for investors seeking to merge lifestyle with opportunity. Inquire today to explore the possibilities at 507 Adriatic Ave.
Highlights
Home typeDuplex
HeatingBaseboard, Natural Gas
StatusActive
CoolingWindow Unit(s)
Size1,920 sqft
ParkingOff Site Parking
MLS #579721
WaterfrontSee Remarks
ViewSee Remarks
Summary
- MLS Number: 579721
- Office Name: BHHS FOX and ROACH-Northfield
- Office Phone: (609) 646-1900
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: 2/5/2025, 1:20:55 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
$249,000
507 Adriatic Ave
$2,957
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 14, 2017 | Home Sold | $56,500 |
| Aug 07, 2013 | Home Sold | $50,000 |
| Mar 28, 2005 | Home Sold | $188,000 |
| Dec 02, 2002 | Home Sold | $88,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $103,100 | $3,675 |
| 2022 | $103,100 | $4,015 |
| 2021 | $103,100 | $4,015 |
| 2020 | $103,100 | $4,055 |
| 2019 | $70,000 | $2,788 |
History based on county public records data.
Nearby schools
3
Brighton Avenue School
Public District PK-5
1.8 mi
•30 N Brighton Ave
8
Ventnor Elementary School
Public District PK-4
4.6 mi
•400 N Lafayette Ave
9
William H. Ross III Elementary School
Public District PK-4
5.2 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 $44,940. Most Atlantic City, NJ residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
35%
<35k
49%
35k-100k
10%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
53%
Single, No Kids
19%
Single, with Kids
19%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
9%
12-17 yrs old
20%
18-34 yrs old
38%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Horse Races
Extreme Sports
Where do the neighbors shop?
Big Lots
Stein Mart
Sam's Club
Where do the neighbors go to eat?
Golden Corral
LongHorn Steakhouse
White Castle
What do the neighbors drive?
Kia
Buick
Oldsmobile
What do the neighbors listen to?
Adult Standards
Contemporary Inspirational
Rock
All data provided by Home Junction and Claritas
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This home is located at 507 Adriatic Ave in Atlantic City, NJ and zip code 08401 in the Bungalow Park neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 16, 2023 and is currently priced at $249,000.
In January 2025 more than 3 listings in Atlantic City, NJ were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 8 were sold below. The number of listings in Atlantic City, NJ increased by 8.8% between December and January 2025. In January 2025, listings were on the market for 103 days. During the same period, the median list price in this real estate market was $239,987.
From Rocket Homes Real Estate and based on county public records data.