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For sale
  • $1,599,900

    114 S Raleigh Ave, Atlantic City, NJ 08401

    12beds
    6baths
    5,385sqft
    : 
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    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
    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!
    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#: 605912MLS Logo

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      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

        DateEventPrice
        3/23/2026Price change$1,599,900-3%$297/sqft
        Source: SJSRMLS #605912 Report a problem
        6/24/2025Price change$1,649,900+3.1%$306/sqft
        Source: SJSRMLS #597569 Report a problem
        5/5/2025Price change$1,600,000-5.9%$297/sqft
        Source: SJSRMLS #595886 Report a problem
        12/12/2024Listed for sale$1,699,900$316/sqft
        Source: SJSRMLS #591433 Report a problem
        12/12/2024Listing removed$1,699,900$316/sqft
        Source: Berkshire Hathaway HomeServices Fox & Roach, REALTORS #583249 Report a problem
        3/18/2024Listed for sale$1,699,900+34.4%$316/sqft
        Source: SJSRMLS #583249 Report a problem
        11/3/2022Sold$1,265,000$235/sqft
        Source: Public Record Report a problem
        7/11/2022Listing removed--
        Source: Zillow Rental Network_1 Report a problem
        7/5/2022Sold$1,265,000-1.1%$235/sqft
        Source: SJSRMLS #560433 Report a problem
        6/18/2022Pending sale$1,279,000$238/sqft
        Source: Berkshire Hathaway HomeServices Fox & Roach, REALTORS #560433 Report a problem
        6/18/2022Contingent$1,279,000$238/sqft
        Source: SJSRMLS #560433 Report a problem
        6/17/2022Listed for sale$1,279,000$238/sqft
        Source: SJSRMLS #560433 Report a problem
        6/17/2022Listed for rent$15,000+733.3%$3/sqft
        Source: Zillow Rental Network_1 #564146 Report a problem
        3/17/2022Pending sale$1,279,000$238/sqft
        Source: SJSRMLS #560433 Report a problem
        3/8/2022Price change$1,279,000-1.5%$238/sqft
        Source: SJSRMLS #560433 Report a problem
        12/1/2021Pending sale$1,299,000$241/sqft
        Source: SJSRMLS #549199 Report a problem
        11/16/2021Price change$1,299,000-7.1%$241/sqft
        Source: SJSRMLS #549199 Report a problem
        6/22/2021Price change$1,399,000-6.7%$260/sqft
        Source: RE/MAX International #549199 Report a problem
        4/8/2021Listed for sale$1,499,000+270.1%$278/sqft
        Source: RE/MAX International #549199 Report a problem
        2/21/2019Sold$405,000-14.7%$75/sqft
        Source: SJSRMLS #484951 Report a problem
        1/20/2019Price change$475,000-17.4%$88/sqft
        Source: RE/MAX PLATINUM PROPERTIES-F #484951 Report a problem
        4/2/2017Listed for sale$575,000$107/sqft
        Source: RE/MAX PLATINUM PROPERTIES-B #484951 Report a problem
        9/12/2013Listing removed$1,800
        Source: RE/MAX Platinum Properties Margate #413411 Report a problem
        5/4/2012Listed for rent$1,800
        Source: RE/MAX Platinum Properties Margate #394690 Report a problem

        Public tax history

        YearProperty taxesTax 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

          Payment breakdown

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          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.
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          Climate risks

          Neighborhood: 08401

          Getting around

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

          Nearby schools

          GreatSchools rating

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