Exceptional turnkey beach block income-producing triplex. Just the third property from the world-famous beach and Boardwalk in the Lower Chelsea area of Atlantic City, this legal triplex represents the ultimate shore investment opportunity. Ideally positioned near major island entry points, restaurants, casinos, and entertainment, this is prime real estate in the center of it all. Whether you’re searching for a shore property that helps pay for itself or a powerful addition to your investment portfolio, this property delivers impressive versatility and strong income potential. The building features two upper-level units, each offering approximately 1,500 square feet with four bedrooms, two bathrooms, and beautiful ocean views. The spacious first-floor and basement unit spans two levels and includes five bedrooms and three bathrooms, providing exceptional space and flexibility for large groups or extended stays. With substantial square footage across all three residences, the property has strong rental appeal for both short-term and long-term tenants. In the past few years the property has excellent short term rental history. Updates throughout have been thoughtfully completed to create an elevated and comfortable experience for occupants, enhancing both desirability and revenue performance. The water heater is 1.5 years old, the exterior was updated 5 years ago, the central ac system is 3 years old - each floor has its own mechanicals except the water heater is central. An income and expense summary is available for review, and the current short-term rental management company is willing to continue its partnership with the new owner at a legacy rate, offering a seamless transition. Being truly turnkey, the property is offered fully furnished. Beach block. Legal triplex. Ocean views. Proven income. Endless possibilities.
For sale
$1,350,000
112 S Raleigh Ave, Atlantic City, NJ 08401
--beds
7baths
5,385sqft
Est.:
Triplex
Built in ----
-- sqft lot
$1,279,000 Zestimate®
$251/sqft
$-- HOA
What's special
Offered fully furnishedBeautiful ocean views
- 26 days |
- 656 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: March 04, 2026 at 11:41am
Listed by:
MARY LOU FERRY WIMMER,
FARLEY and FERRY REALTY, INC,
ANDI SINDERBRAND 917-963-1081,
FARLEY and FERRY REALTY, INC
Source: SJSRMLS,MLS#: 605291
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 7
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Refrigerator, Washer
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 5,385
- Total interior livable area: 5,385 sqft
Video & virtual tour
Property
Parking
- Parking features: None
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 3,315 Square Feet
- Dimensions: 39 x 85
Details
- Parcel number: 8
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Stucco
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Atlantic City
Financial & listing details
- Price per square foot: $251/sqft
- Tax assessed value: $849,800
- Annual tax amount: $28,723
- Date on market: 3/4/2026
- Date available: 03/04/2026
- Road surface type: Sidewalks
Estimated market value
$1,279,000
$1.22M - $1.34M
$2,698/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Listed for sale | $1,350,000-5.3%$251/sqft |
Source: | ||
| 9/8/2025 | Listing removed | $1,425,000$265/sqft |
Source: | ||
| 6/30/2025 | Price change | $1,425,000-1.7%$265/sqft |
Source: | ||
| 5/21/2025 | Price change | $1,450,000-1.7%$269/sqft |
Source: | ||
| 5/14/2025 | Price change | $1,475,000-0.8%$274/sqft |
Source: | ||
| 4/16/2025 | Price change | $1,487,500-0.5%$276/sqft |
Source: | ||
| 4/2/2025 | Price change | $1,495,000-0.3%$278/sqft |
Source: | ||
| 3/13/2025 | Listed for sale | $1,499,000-24.9%$278/sqft |
Source: | ||
| 3/31/2024 | Listing removed | -- |
Source: | ||
| 11/13/2023 | Price change | $1,995,000-5%$370/sqft |
Source: | ||
| 10/6/2023 | Listed for sale | $2,100,000+213.4%$390/sqft |
Source: | ||
| 12/21/2021 | Sold | $670,000-4.1%$124/sqft |
Source: Public Record Report a problem | ||
| 7/19/2021 | Listing removed | -- |
Source: | ||
| 5/10/2021 | Pending sale | $699,000$130/sqft |
Source: | ||
| 4/9/2021 | Listed for sale | $699,000+9.4%$130/sqft |
Source: | ||
| 10/26/2020 | Listing removed | $639,000$119/sqft |
Source: KELLER WILLIAMS REALTY ATLANTIC SHORE #533882 Report a problem | ||
| 4/21/2020 | Price change | $639,000-1.5%$119/sqft |
Source: KELLER WILLIAMS REALTY ATLANTIC SHORE #533882 Report a problem | ||
| 2/14/2020 | Price change | $649,000-3.9%$121/sqft |
Source: KELLER WILLIAMS REALTY ATLANTIC SHORE #533882 Report a problem | ||
| 12/19/2019 | Price change | $675,000+17.4%$125/sqft |
Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #531534 Report a problem | ||
| 12/18/2019 | Listed for sale | $575,000-23.3%$107/sqft |
Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #531534 Report a problem | ||
| 9/19/2019 | Listing removed | $749,900$139/sqft |
Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem | ||
| 7/17/2019 | Price change | $749,900+15.4%$139/sqft |
Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem | ||
| 7/2/2019 | Price change | $649,900-13.3%$121/sqft |
Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem | ||
| 6/27/2019 | Price change | $749,900+15.4%$139/sqft |
Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem | ||
| 6/11/2019 | Price change | $649,900-13.3%$121/sqft |
Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem | ||
| 2/8/2019 | Listed for sale | $749,900+66.6%$139/sqft |
Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem | ||
| 5/1/2018 | Sold | $450,000+112.3%$84/sqft |
Source: | ||
| 2/22/1999 | Sold | $212,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $29,335 +68.9% | $849,800 +68.9% |
| 2024 | $17,370 -3.2% | $503,200 |
| 2023 | $17,939 -8.6% | $503,200 |
| 2022 | $19,630 -0.8% | $503,200 |
| 2021 | $19,796 -3.5% | $503,200 |
| 2020 | $20,518 +51.5% | $503,200 -2.3% |
| 2019 | $13,542 | $515,000 |
| 2018 | $13,542 -37.4% | $515,000 -8% |
| 2017 | $21,616 +8% | $560,000 |
| 2016 | $20,019 -3.6% | $560,000 -4.3% |
| 2015 | $20,758 +31.7% | $585,000 -5.6% |
| 2014 | $15,760 +4% | $620,000 |
| 2013 | $15,148 +11.1% | $620,000 -11.4% |
| 2012 | $13,629 -15.6% | $700,000 |
| 2011 | $16,140 +5.6% | $700,000 -21.5% |
| 2010 | $15,283 +2.8% | $892,200 |
| 2009 | $14,864 +96.1% | $892,200 |
| 2008 | $7,579 +0.8% | $892,200 +338.6% |
| 2007 | $7,518 | $203,400 |
| 2006 | -- | $203,400 |
| 2005 | -- | $203,400 |
| 2004 | -- | $203,400 |
| 2003 | -- | $203,400 |
| 2002 | -- | $203,400 |
| 2001 | -- | $203,400 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$9,189/mo
Principal & interest
$6962
Property taxes
$2227
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Climate risks
Neighborhood: 08401
Nearby schools
GreatSchools rating
- 7/10Richmond Avenue Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10Atlantic City High SchoolGrades: 9-12Distance: 1.7 mi
Local experts in 08401
- New Jersey
- Atlantic County
- Atlantic City
- 08401
- 112 S Raleigh Ave






