Great investment with amazing cash flow!! The property has been completely renovated in the past two years and has newer heating, plumbing, roof, electric, kitchen, bath, siding, and more. Tenant occupied (all tenants paying on time). One 2 BR unit is currently vacant as of 6.30.23. Features 3 conforming units, one -3br 2ba and two -2br1ba. All units are metered separately, have occupancy permits, and are in good condition. COCR ROI 17.63%, NOI $39,973, Cap rate 11.79%
Sold for $330,000
$330,000
517 N Indiana Ave, Atlantic City, NJ 08401
7beds
--baths
1,984sqft
Triplex
Built in 1900
-- sqft lot
$401,400 Zestimate®
$166/sqft
$1,812 Estimated rent
Home value
$401,400
$369,000 - $438,000
$1,812/mo
Zestimate® history
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$2,361/mo
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Newer heating
Zillow last checked:
Listing updated:
Listed by:
Tracey Newmones 609-944-8809,
EXP Realty, LLC
Bought with:
Michael J. Lerman, 2079026
Realty Mark Advantage
Source: Bright MLS,MLS#: NJAC2008244
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
Basement
- Area: 0
Heating
- Baseboard, Natural Gas
Cooling
- Other
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,984
- Total interior livable area: 1,984 sqft
Property
Parking
- Parking features: Off Street
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,385 Square Feet
- Dimensions: 18.25 x 76.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 020051100007
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Other
- Foundation: Slab
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Atlantic City
- Municipality: ATLANTIC CITY
Financial & listing details
- Price per square foot: $166/sqft
- Tax assessed value: $119,400
- Annual tax amount: $4,509
- Date on market: 5/11/2023
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 51564
- Income includes: Apartment Rentals
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2025 | Listing removed | $1,700$1/sqft |
Source: Bright MLS #NJAC2015372 Report a problem | ||
| 11/20/2024 | Listed for rent | $1,700$1/sqft |
Source: Bright MLS #NJAC2015372 Report a problem | ||
| 7/31/2023 | Sold | $330,000-1.5%$166/sqft |
Source:  Bright MLS #NJAC2008244 Report a problem | ||
| 7/13/2023 | Pending sale | $334,900$169/sqft |
Source:  SJSRMLS #573812 Report a problem | ||
| 6/29/2023 | Price change | $334,900-1.5%$169/sqft |
Source: Bright MLS #NJAC2008244 Report a problem | ||
| 5/9/2023 | Listed for sale | $339,900+312%$171/sqft |
Source: SJSRMLS #573812 Report a problem | ||
| 12/9/2021 | Sold | $82,500$42/sqft |
Source: Public Record Report a problem | ||
| 8/27/2021 | Sold | $82,500-31.3%$42/sqft |
Source: Agent Provided Report a problem | ||
| 5/6/2021 | Listing removed | -- |
Source:  Keller Williams Report a problem | ||
| 4/15/2021 | Price change | $120,000-4%$60/sqft |
Source: Keller Williams #547686 Report a problem | ||
| 2/27/2021 | Listed for sale | $125,000-30.5%$63/sqft |
Source: KELLER WILLIAMS REALTY ATLANTIC SHORE #547686 Report a problem | ||
| 12/16/2012 | Listing removed | $179,900$91/sqft |
Source: LICHTMAN ASSOCIATES REAL ESTATE, LLC #384445 Report a problem | ||
| 1/14/2012 | Price change | $179,900-16.1%$91/sqft |
Source: LICHTMAN ASSOCIATES REAL ESTATE, LLC #384445 Report a problem | ||
| 11/9/2011 | Price change | $214,375-15.9%$108/sqft |
Source: LICHTMAN ASSOCIATES REAL ESTATE, LLC #384445 Report a problem | ||
| 9/29/2011 | Listed for sale | $255,000+11.4%$129/sqft |
Source: LICHTMAN ASSOCIATES REAL ESTATE, LLC #384445 Report a problem | ||
| 5/6/2011 | Listing removed | $229,000$115/sqft |
Source: Listhub #368129 Report a problem | ||
| 4/9/2011 | Price change | $229,000-17.9%$115/sqft |
Source: Listhub #368129 Report a problem | ||
| 4/2/2011 | Listed for sale | $279,000+24%$141/sqft |
Source: Listhub #368129 Report a problem | ||
| 1/5/2005 | Sold | $225,000$113/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,787 | $196,600 |
| 2024 | $6,787 -3.2% | $196,600 +64.7% |
| 2023 | $7,009 +50.5% | $119,400 |
| 2022 | $4,658 -0.8% | $119,400 |
| 2021 | $4,697 +12.3% | $119,400 |
| 2020 | $4,183 +35.8% | $119,400 +13.7% |
| 2019 | $3,081 | $105,000 |
| 2018 | $3,081 -24% | $105,000 |
| 2017 | $4,053 +12.8% | $105,000 |
| 2016 | $3,593 +2.2% | $105,000 |
| 2015 | $3,515 -24% | $105,000 |
| 2014 | $4,626 +30.6% | $105,000 -42.3% |
| 2012 | $3,544 +7.6% | $182,000 |
| 2011 | $3,292 +5.6% | $182,000 |
| 2010 | $3,118 +2.8% | $182,000 |
| 2009 | $3,032 +53.3% | $182,000 |
| 2008 | $1,979 +0.8% | $182,000 +242.7% |
| 2007 | $1,963 | $53,100 |
| 2006 | -- | $53,100 |
| 2005 | -- | $53,100 |
| 2004 | -- | $53,100 |
| 2003 | -- | $53,100 |
| 2002 | -- | $53,100 |
| 2001 | -- | $53,100 |
Find assessor info on the county website
Neighborhood: 08401
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Nearby schools
GreatSchools rating
- 3/10New York Avenue SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Atlantic City High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- District: Atlantic City Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$401,400
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Estimated market value
$401,400
- New Jersey
- Atlantic County
- Atlantic City
- 08401
- 517 N Indiana Ave
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