Beachfront Investment Opportunity in Atlantic City’s Historic Chelsea Neighborhood! Welcome to the Residences at Raleigh — a rare offering of three fully renovated, designer apartments just steps from the Atlantic City Boardwalk. This oversized triplex spans approximately 4,650 square feet in total and features (3) spacious 4-bedroom, 2-bathroom units, each offering 1,550 SF of modern coastal living. Inside each residence, you'll find high-end finishes throughout, including quartz countertops, stainless steel appliances, center islands, and open-concept living areas flooded with natural light and breathtaking ocean views. The bathrooms are thoughtfully designed with custom vanities, oversized walk-in showers or shower/tub combos, and sleek, modern finishes. Each unit includes in-unit laundry, central HVAC, and private utilities for ultimate convenience. Whether you're seeking a luxury beachside home, a lucrative short-term rental investment, or both — this property checks every box. Located minutes from the city’s top casinos, dining, and entertainment, this is your chance to own a turn-key, income-generating property in one of Atlantic City’s most desirable neighborhoods. Schedule your private showing today and experience the best of beachfront living!
For sale
Price cut: $50K (3/23)
$1,599,900
114 S Raleigh Ave, Atlantic City, NJ 08401
12beds
6baths
5,385sqft
Est.:
Triplex
Built in ----
-- sqft lot
$1,564,400 Zestimate®
$297/sqft
$-- HOA
What's special
High-end finishes throughoutModern coastal livingBreathtaking ocean viewsCentral hvacCenter islandsSleek modern finishesCustom vanities
- 11 days |
- 355 |
- 7 |
Zillow last checked: 9 hours ago
Listing updated: March 23, 2026 at 09:18am
Listed by:
PAULA HARTMAN 609-487-7234,
BHHS FOX and ROACH-Margate,
TODD GORDON 609-553-5098,
BHHS FOX and ROACH-Margate III
Source: SJSRMLS,MLS#: 605912
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Rooms
- Room types: Living Room
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven
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
- Has view: Yes
- View description: Water, Ocean
- Has water view: Yes
- Water view: Water,Ocean
- Waterfront features: Beach Block
Lot
- Size: 3,285.25 Square Feet
- Dimensions: 38.65 x 85
Details
- Parcel number: 7
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick
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: $297/sqft
- Tax assessed value: $849,800
- Annual tax amount: $28,473
- Date on market: 3/23/2026
- Date available: 03/23/2026
- Road surface type: Sidewalks
Estimated market value
$1,564,400
$1.49M - $1.64M
$2,395/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/23/2026 | Price change | $1,599,900-3%$297/sqft |
Source: | ||
| 6/24/2025 | Price change | $1,649,900+3.1%$306/sqft |
Source: | ||
| 5/5/2025 | Price change | $1,600,000-5.9%$297/sqft |
Source: | ||
| 12/12/2024 | Listed for sale | $1,699,900$316/sqft |
Source: | ||
| 12/12/2024 | Listing removed | $1,699,900$316/sqft |
Source: Berkshire Hathaway HomeServices Fox & Roach, REALTORS #583249 Report a problem | ||
| 3/18/2024 | Listed for sale | $1,699,900+34.4%$316/sqft |
Source: | ||
| 11/3/2022 | Sold | $1,265,000$235/sqft |
Source: Public Record Report a problem | ||
| 7/11/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 7/5/2022 | Sold | $1,265,000-1.1%$235/sqft |
Source: | ||
| 6/18/2022 | Pending sale | $1,279,000$238/sqft |
Source: Berkshire Hathaway HomeServices Fox & Roach, REALTORS #560433 Report a problem | ||
| 6/18/2022 | Contingent | $1,279,000$238/sqft |
Source: | ||
| 6/17/2022 | Listed for sale | $1,279,000$238/sqft |
Source: | ||
| 6/17/2022 | Listed for rent | $15,000+733.3%$3/sqft |
Source: Zillow Rental Network_1 #564146 Report a problem | ||
| 3/17/2022 | Pending sale | $1,279,000$238/sqft |
Source: | ||
| 3/8/2022 | Price change | $1,279,000-1.5%$238/sqft |
Source: | ||
| 12/1/2021 | Pending sale | $1,299,000$241/sqft |
Source: | ||
| 11/16/2021 | Price change | $1,299,000-7.1%$241/sqft |
Source: | ||
| 6/22/2021 | Price change | $1,399,000-6.7%$260/sqft |
Source: | ||
| 4/8/2021 | Listed for sale | $1,499,000+270.1%$278/sqft |
Source: | ||
| 2/21/2019 | Sold | $405,000-14.7%$75/sqft |
Source: | ||
| 1/20/2019 | Price change | $475,000-17.4%$88/sqft |
Source: RE/MAX PLATINUM PROPERTIES-F #484951 Report a problem | ||
| 4/2/2017 | Listed for sale | $575,000$107/sqft |
Source: RE/MAX PLATINUM PROPERTIES-B #484951 Report a problem | ||
| 9/12/2013 | Listing removed | $1,800 |
Source: RE/MAX Platinum Properties Margate #413411 Report a problem | ||
| 5/4/2012 | Listed for rent | $1,800 |
Source: RE/MAX Platinum Properties Margate #394690 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $29,335 | $849,800 |
| 2024 | $29,335 -3.2% | $849,800 +75.8% |
| 2023 | $30,295 +60.7% | $483,400 |
| 2022 | $18,857 -0.8% | $483,400 |
| 2021 | $19,017 -8.2% | $483,400 |
| 2020 | $20,717 +54.7% | $483,400 -3.3% |
| 2019 | $13,389 | $500,000 |
| 2018 | $13,389 -35.8% | $500,000 |
| 2017 | $20,844 -1.8% | $500,000 -7.4% |
| 2016 | $21,216 +2.2% | $540,000 -12.9% |
| 2015 | $20,758 -0.4% | $620,000 |
| 2014 | $20,839 +17.5% | $620,000 -24.4% |
| 2013 | $17,741 +11.1% | $819,800 |
| 2012 | $15,962 +7.6% | $819,800 |
| 2011 | $14,830 +5.6% | $819,800 |
| 2010 | $14,043 +2.8% | $819,800 |
| 2009 | $13,658 +80.2% | $819,800 |
| 2008 | $7,579 +0.8% | $819,800 +303% |
| 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
$10,891/mo
Principal & interest
$8251
Property taxes
$2640
More affordability tools
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
- 114 S Raleigh Ave



