Fantastic investment opportunity! This fully occupied property features four spacious 2-bedroom apartments, each with separate utilities and tenants on annual leases—ideal for steady, long-term income. Conveniently located near public transportation, shopping centers, casinos, and some of the area’s best fine dining, this property also offers the added bonus of being within walking distance to the beach and iconic Atlantic City boardwalk. Whether you're expanding your portfolio or looking to begin your real estate investment journey, this income-producing property is a smart and strategic choice. Call today for more details!
Sold for $500,000
$500,000
40 N Boston Ave, Atlantic City, NJ 08401
--beds
--baths
--sqft
Multi Family
Built in ----
-- sqft lot
$528,500 Zestimate®
$--/sqft
$3,043 Estimated rent
Home value
$528,500
$470,000 - $597,000
$3,043/mo
Zestimate® history
Owner options
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$3,043/mo
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$3,043/mo
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$3,577/mo
Est. payment
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$3,577/mo
Est. payment
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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
Bought with:
GERARD (Jerry) BARKER, 0448245
Source: SJSRMLS,MLS#: 597717
Facts & features
Interior
Heating
- Natural Gas, Radiant
Appliances
- Included: Gas Stove, Refrigerator, Self Cleaning Oven
Features
- Has basement: No
- Has fireplace: No
Property
Parking
- Total spaces: 3
- Parking features: None
Features
- Patio & porch: Porch
- Has view: Yes
- View description: See Remarks
- Waterfront features: Boardwalk Area
Lot
- Size: 2,730 Square Feet
- Dimensions: 42 x 65
Details
- Parcel number: 8
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl, Wood
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Atlantic City
Financial & listing details
- Tax assessed value: $209,400
- Annual tax amount: $7,228
- Date on market: 6/27/2025
- Date available: 06/27/2025
- Road surface type: Sidewalks
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2026 | Sold | $500,000 |
Source: Public Record Report a problem | ||
| 10/29/2025 | Sold | $500,000-8.9% |
Source:  SJSRMLS #597717 Report a problem | ||
| 8/26/2025 | Pending sale | $549,000 |
Source: SJSRMLS #597717 Report a problem | ||
| 6/27/2025 | Listed for sale | $549,000+139.7% |
Source: SJSRMLS #597717 Report a problem | ||
| 5/3/2017 | Listing removed | $229,000 |
Source: BHHS FOX and ROACH-Margate #483763 Report a problem | ||
| 9/11/2016 | Listed for sale | $229,000-41.1% |
Source: BHHS FOX and ROACH-Margate #474432 Report a problem | ||
| 11/1/2011 | Listing removed | $389,000 |
Source: Prudential Fox and Roach #345140 Report a problem | ||
| 8/2/2009 | Price change | $389,000+18.2% |
Source: Margate #345140 Report a problem | ||
| 7/19/2009 | Price change | $329,000-17.5% |
Source: Margate #345140 Report a problem | ||
| 5/15/2009 | Listed for sale | $399,000+37.6% |
Source: Margate #345140 Report a problem | ||
| 12/22/2008 | Sold | $290,000+81.3% |
Source: Public Record Report a problem | ||
| 12/15/2000 | Sold | $160,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,228 | $209,400 |
| 2024 | $7,228 -3.2% | $209,400 |
| 2023 | $7,465 -8.6% | $209,400 |
| 2022 | $8,169 -0.8% | $209,400 |
| 2021 | $8,238 -6% | $209,400 |
| 2020 | $8,765 +12.8% | $209,400 -4.8% |
| 2019 | $7,773 | $220,000 |
| 2018 | $7,773 -8.5% | $220,000 |
| 2017 | $8,492 +12.8% | $220,000 |
| 2016 | $7,528 -36.6% | $220,000 |
| 2015 | $11,865 +31.7% | $220,000 -37.9% |
| 2014 | $9,009 +30.6% | $354,400 |
| 2012 | $6,900 +7.6% | $354,400 |
| 2011 | $6,411 +5.6% | $354,400 |
| 2010 | $6,071 +2.8% | $354,400 |
| 2009 | $5,904 -11.3% | $354,400 |
| 2008 | $6,655 +0.8% | $354,400 +98.4% |
| 2007 | $6,601 | $178,600 |
| 2006 | -- | $178,600 |
| 2005 | -- | $178,600 |
| 2004 | -- | $178,600 |
| 2003 | -- | $178,600 |
| 2002 | -- | $178,600 |
| 2001 | -- | $178,600 |
Find assessor info on the county website
Neighborhood: 08401
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Nearby schools
GreatSchools rating
- 6/10Sovereign Ave SchoolGrades: PK-8Distance: 0.1 mi
- 1/10Atlantic City High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$528,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$528,500
- New Jersey
- Atlantic County
- Atlantic City
- 08401
- 40 N Boston Ave
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