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
$1,599,900
114 S Raleigh Ave, Atlantic City, NJ 08401
12beds
6baths
5,385sqft
Triplex
Built in ----
-- sqft lot
$1,478,100 Zestimate®
$297/sqft
$-- HOA
What's special
High-end finishes throughoutModern coastal livingBreathtaking ocean viewsCentral hvacCenter islandsSleek modern finishesCustom vanities
- 97 days |
- 387 |
- 16 |
Zillow last checked:
Listing updated:
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
Loading...
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 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
$1,478,100
$1.40M - $1.55M
$2,178/mo
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
| 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 | -- | $203,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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
A local agent can set up tours, give advice and negotiate with sellers.
- New Jersey
- Atlantic County
- Atlantic City
- 08401
- 114 S Raleigh Ave



