For sale

$295,000

716 Drexel Ave, Atlantic City, NJ 08401

6beds

2baths

--sqft

$2,103/mo

Get pre-qualified

Duplex

Built in 1900

-- sqft lot

$291,700 Zestimate^®

$--/sqft

$-- HOA

What's special

Turnkey Cash Flow Duplex with Guaranteed Income Component! Exceptional investment opportunity featuring an impressive 12%+ gross rental yield and a rock solid tenant base. Unit 1 features stable, long term guaranteed income through a local Veteran Assistance Program ($1,382/mo), while unit 2 is vacant and last tenant paid a strong market rent at $1,600. Low maintenance property with major capital expenditures already completed: brand new roof 2026, completely updated plumbing/pipes. Unit 1 has new stove 2026 and unit 2 has new refrigerator 2026. Tenants pay individual gas & electric. Low annual property taxes maximize your net profit from day one. Add this high performing, hassle free asset to your portfolio today! Tenant in unit 1 would love to remain in unit.

13 days
369
28

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2

Heating

Natural Gas, Radiant

Appliances

Included: Gas Stove, Refrigerator

Features

Eat-in Kitchen
Basement: Slab
Has fireplace: No

Property

Parking

Parking features: None

Features

Has view: Yes
View description: See Remarks

Lot

Size: 1,200 Square Feet
Dimensions: 20 x 60

Details

Parcel number: 7

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Brick Face
Foundation: Slab

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Atlantic City

Financial & listing details

Tax assessed value: $94,000
Annual tax amount: $3,177
Date on market: 5/15/2026
Date available: 05/15/2026

Estimated market value

$291,700

$277,000 - $306,000

$2,538/mo

Price history

Date	Event	Price
5/15/2026	Listed for sale	$295,000+273.4%
Source: SJSRMLS #607912 Report a problem
3/11/2022	Listing removed	--
Source: Zillow Rental Network_1 Report a problem
1/27/2022	Listed for rent	$1,200
Source: Zillow Rental Network_1 #559136 Report a problem
10/8/2020	Listing removed	$79,000
Source: EXECUTIVE REALTORS #540882 Report a problem
8/19/2020	Listed for sale	$79,000
Source: EXECUTIVE REALTORS #540882 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,245	$94,000
2024	$3,245 -3.2%	$94,000
2023	$3,351 -1.9%	$94,000
2022	$3,417 -15.5%	$94,000
2021	$4,046 +3.6%	$94,000 -13.9%
2020	$3,904 +12.8%	$109,200 +11.4%
2019	$3,462	$98,000
2018	$3,462 -55.3%	$98,000
2017	$7,751 +12.8%	$98,000 -51.2%
2016	$6,871 +2.2%	$200,800
2015	$6,723 +31.7%	$200,800
2014	$5,104 +17.5%	$200,800
2013	$4,345 +11.1%	$200,800
2012	$3,910 +7.6%	$200,800
2011	$3,632 +5.6%	$200,800
2010	$3,440 +2.8%	$200,800
2009	$3,345 +191.5%	$200,800
2008	$1,148 +0.8%	$200,800 +551.9%
2007	$1,138	$30,800
2006	--	$30,800
2005	--	$30,800
2004	--	$30,800
2003	--	$30,800
2002	--	$30,800
2001	--	$30,800