#596233, Listing office: eXp Realty - Ocean City S382K
Property details
About 8 N Montpelier Ave
Investor opportunity in the heart of Atlantic City! Welcome to 8 N Montpelier Avenue, a fully occupied, income-producing triplex with an additional rooming house setup, located just 2.5 blocks from the beach. The property features one 3-bedroom, 1-bath unit, two 2-bedroom, 1-bath units, and a rooming area consisting of six rentable rooms. The rooming house is supported by two shared full bathrooms, with one room offering a private half bath. Some units have already been rehabbed, providing added value and upside potential. Each apartment pays its own utilities, while the owner is responsible only for the utilities in the rooming area. Tenants enjoy shared outdoor spaces including a back deck and patio—perfect for relaxation or entertaining. With 100% occupancy and an annual income/expense sheet available upon request, this property is ideal for a savvy investor looking to step into a turn-key opportunity in a prime location near the beach and boardwalk.
Highlights
Home typeTriplex
HeatingBaseboard, Radiant
StatusActive
CoolingCeiling Fan(s), Window Unit(s)
ParkingOne Car
MLS #595807
Attached garageYes
WaterfrontSee Remarks
ViewSee Remarks
Summary
- Attached Garage: Yes
- Parking: One Car
- Waterfront: See Remarks
- View: See Remarks
- Exterior: Curbs, Deck, Fenced Yard, Sidewalks
- Heating: Baseboard, Radiant
- Cooling: Ceiling Fan(s), Window Unit(s)
- List Price: $750,000
- Annual Tax Amount: $7,058
- Tax Year: 2024
- Lot: Curbs, Fencing, Sidewalk
- Directions: N Montpelier ave
- MLS Number: 595807
- Office Name: KELLER WILLIAMS REALTY JERSEY SHORE-Margate
- Office Phone: (609) 823-3500
- Office Email: kim@kwjerseyshore.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, 12:45:31 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 |
|---|---|---|
| Jun 30, 2021 | Home Sold | $255,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $198,000 | $7,058 |
| 2022 | $198,000 | $7,723 |
| 2021 | $198,000 | $7,723 |
| 2020 | $198,000 | $7,789 |
| 2019 | $286,700 | $11,422 |
History based on county public records data.
Nearby schools
3
Brighton Avenue School
Public District PK-5
0.2 mi
•30 N Brighton Ave
8
Ventnor Elementary School
Public District PK-4
2.6 mi
•400 N Lafayette Ave
9
William H. Ross III Elementary School
Public District PK-4
3.2 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 $52,148. The majority of Atlantic City, NJ residents have income less than $<35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
40%
<35k
35%
35k-100k
16%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
69%
Single, No Kids
4%
Single, with Kids
21%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
3%
12-17 yrs old
16%
18-34 yrs old
49%
35-64 yrs old
25%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
PGA/LPGA
Horse Races
Where do the neighbors shop?
Chico's
Family Dollar
Stein Mart
Where do the neighbors go to eat?
Bob Evans
Church's Chicken
Bonefish Grill
What do the neighbors drive?
Oldsmobile
Cadillac
Lincoln
What do the neighbors listen to?
News
Jazz
Classical
All data provided by Home Junction and Claritas
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Frequently asked questions
About 8 N Montpelier Ave
The listing price of 8 N Montpelier Ave property is $750,000.
The property 8 N Montpelier Ave is a multi located in Atlantic City, New Jersey, 08401.
Active Listing: 8 N Montpelier Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 8 N Montpelier 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), Sovereign Avenue School (GreatSchools Rating 4/10), Texas Avenue School (GreatSchools Rating 2/10), Richmond Avenue School (GreatSchools Rating 6/10), 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 $7,058 (source: MLS/based on county public records data).
The last sale was on June 30, 2021 for $255,000 (source: MLS/tax record).
This home is located at 8 N Montpelier Ave in Atlantic City, NJ and zip code 08401 in the Chelsea neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 2, 2025 and is currently priced at $750,000.
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. The number of homes for sale in Atlantic City, NJ increased by 4.3% between May and June 2025. The median list price of listings available in June 2025 was $240,000, while the average time on the real estate market was 83 days.
From Rocket Homes Real Estate and based on county public records data.