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For sale
  • $1,350,000

    112 S Raleigh Ave, Atlantic City, NJ 08401

    --beds
    7baths
    5,385sqft
    : 
    Triplex
    Built in ----
    -- sqft lot
    $1,279,000 Zestimate®
    $251/sqft
    $-- HOA

    What's special

    Offered fully furnishedBeautiful ocean views
    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.
    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#: 605291MLS Logo

    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

      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
        DateEventPrice
        3/4/2026Listed for sale$1,350,000-5.3%$251/sqft
        Source: SJSRMLS #605291 Report a problem
        9/8/2025Listing removed$1,425,000$265/sqft
        Source: SJSRMLS #594113 Report a problem
        6/30/2025Price change$1,425,000-1.7%$265/sqft
        Source: SJSRMLS #594113 Report a problem
        5/21/2025Price change$1,450,000-1.7%$269/sqft
        Source: SJSRMLS #594113 Report a problem
        5/14/2025Price change$1,475,000-0.8%$274/sqft
        Source: SJSRMLS #594113 Report a problem
        4/16/2025Price change$1,487,500-0.5%$276/sqft
        Source: SJSRMLS #594113 Report a problem
        4/2/2025Price change$1,495,000-0.3%$278/sqft
        Source: SJSRMLS #594113 Report a problem
        3/13/2025Listed for sale$1,499,000-24.9%$278/sqft
        Source: SJSRMLS #594113 Report a problem
        3/31/2024Listing removed--
        Source: SJSRMLS #578515 Report a problem
        11/13/2023Price change$1,995,000-5%$370/sqft
        Source: SJSRMLS #578515 Report a problem
        10/6/2023Listed for sale$2,100,000+213.4%$390/sqft
        Source: SJSRMLS #578515 Report a problem
        12/21/2021Sold$670,000-4.1%$124/sqft
        Source: Public Record Report a problem
        7/19/2021Listing removed--
        Source: SJSRMLS #549271 Report a problem
        5/10/2021Pending sale$699,000$130/sqft
        Source: SJSRMLS #549271 Report a problem
        4/9/2021Listed for sale$699,000+9.4%$130/sqft
        Source: SJSRMLS #549271 Report a problem
        10/26/2020Listing removed$639,000$119/sqft
        Source: KELLER WILLIAMS REALTY ATLANTIC SHORE #533882 Report a problem
        4/21/2020Price change$639,000-1.5%$119/sqft
        Source: KELLER WILLIAMS REALTY ATLANTIC SHORE #533882 Report a problem
        2/14/2020Price change$649,000-3.9%$121/sqft
        Source: KELLER WILLIAMS REALTY ATLANTIC SHORE #533882 Report a problem
        12/19/2019Price change$675,000+17.4%$125/sqft
        Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #531534 Report a problem
        12/18/2019Listed for sale$575,000-23.3%$107/sqft
        Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #531534 Report a problem
        9/19/2019Listing removed$749,900$139/sqft
        Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem
        7/17/2019Price change$749,900+15.4%$139/sqft
        Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem
        7/2/2019Price change$649,900-13.3%$121/sqft
        Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem
        6/27/2019Price change$749,900+15.4%$139/sqft
        Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem
        6/11/2019Price change$649,900-13.3%$121/sqft
        Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem
        2/8/2019Listed for sale$749,900+66.6%$139/sqft
        Source: Ocean City - WEICHERT, REALTORS - The Asbury Group #517392 Report a problem
        5/1/2018Sold$450,000+112.3%$84/sqft
        Source: SJSRMLS #455870 Report a problem
        2/22/1999Sold$212,000$39/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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
        More affordability tools

          Climate risks

          Neighborhood: 08401

          Getting around

          73 / 100
          Very Walkable
          39 / 100
          Some Transit
          64 / 100
          Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 08401

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