Sold for $298,000

$298,000

719 Drexel Ave, Atlantic City, NJ 08401

4beds

2baths

1,588sqft

Duplex

Built in ----

-- sqft lot

$315,400 Zestimate^®

$188/sqft

$2,572 Estimated rent

Home value

$315,400

$281,000 - $356,000

$2,572/mo

Zestimate^® history

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$2,572/mo

Rent Zestimate^®

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$2,101/mo

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$2,101/mo

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What's special

Move-in ready

Don’t miss this rare chance to own a cash-flowing duplex on a quiet residential street in Atlantic City. The upstairs unit has been fully renovated and is move-in ready—perfect for top-market rental potential. (Photos reflect the updated 2nd floor.) Stable income: First-floor unit is occupied by a long-term tenant of 7+ years, currently paying $1,450/month. Pro-forma rent for the newly renovated upper unit is $1,700/month, offering strong rental upside. Projected gross annual income: $37,800 Low insurance cost: Just $2,650 annually Property sold As-Is, offering immediate returns with minimal upfront effort. Serious buyers only will be granted access to the 1st floor to respect the current tenant's privacy. The upstairs unit is easy to show—schedule your walk-through today and explore the potential of this high-yield investment.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Natural Gas

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,588
Total interior livable area: 1,588 sqft

Property

Parking

Parking features: None

Lot

Size: 1,049 Square Feet
Dimensions: 17.35' x 60.5'

Details

Parcel number: 18

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

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: $188/sqft
Tax assessed value: $61,500
Annual tax amount: $2,123
Date on market: 7/21/2025
Date available: 07/21/2025

Price history

Date	Event	Price
1/14/2026	Sold	$298,000$188/sqft
Source: Public Record Report a problem
10/24/2025	Sold	$298,000-9.4%$188/sqft
Source: SJSRMLS #598528 Report a problem
8/8/2025	Pending sale	$329,000$207/sqft
Source: SJSRMLS #598528 Report a problem
7/23/2025	Listed for sale	$329,000+498.2%$207/sqft
Source: SJSRMLS #598528 Report a problem
4/25/2011	Sold	$55,000-5.2%$35/sqft
Source: Public Record Report a problem
8/5/2002	Sold	$58,000+176.2%$37/sqft
Source: Public Record Report a problem
11/18/1996	Sold	$21,000$13/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,123	$61,500
2024	$2,123 -3.2%	$61,500
2023	$2,192 -8.6%	$61,500
2022	$2,399 -0.8%	$61,500
2021	$2,419 +10.4%	$61,500
2020	$2,191 +12.8%	$61,500 +11.8%
2019	$1,943	$55,000
2018	$1,943 -8.5%	$55,000
2017	$2,123 +12.8%	$55,000
2016	$1,882 -13.5%	$55,000
2015	$2,176 +22.3%	$55,000 -15.4%
2014	$1,779 -47%	$65,000 -43.5%
2012	$3,357 +7.6%	$115,000 -33.3%
2011	$3,119 +5.6%	$172,400
2010	$2,953 +2.8%	$172,400
2009	$2,872 +181.3%	$172,400
2008	$1,021 +0.8%	$172,400 +529.2%
2007	$1,013	$27,400
2006	--	$27,400
2005	--	$27,400
2004	--	$27,400
2003	--	$27,400
2002	--	$27,400
2001	--	$27,400