1406 Madison Avenue

Atlantic City, NJ 08401

$243,900
Price
Beds
Baths
2,418 Sq. Ft.
$101 / Sq. Ft.
2,418
Sq. Ft.
$101
per Sq. Ft.

Description

Investors take note of this opportunity in Venice Park, Atlantic City! This legal duplex represents a fantastic investment option for rental income, whether through Airbnb or annual rental agreements. Unit 2, located upstairs, features two bedrooms on the main floor and either one bedroom or a loft on the third floor. Both the kitchen and bathroom have been renovated, and the house is undergoing additional renovations. There is a new front porch, a deck at the back of the house, and a new terrace/porch...Investors take note of this opportunity in Venice Park, Atlantic City! This legal duplex represents a fantastic investment option for rental income, whether through Airbnb or annual rental agreements. Unit 2, located upstairs, features two bedrooms on the main floor and either one bedroom or a loft on the third floor. Both the kitchen and bathroom have been renovated, and the house is undergoing additional renovations. There is a new front porch, a deck at the back of the house, and a new terrace/porch on the third floor. Additionally, the HVAC system is just one year old, and there are newer kitchen appliances. Ground-level Unit 1 is framed for a two-bedroom apartment, which includes a kitchen and one bathroom. Renovations are needed throughout this unit. The buyer is responsible for all certifications, inspections, and the Certificate of Occupancy. This property is easy to show, with a lockbox on the front door of Unit 2. Please call showing time to schedule a viewing.
  1. Listed by GORAN CEDEVSKI • BHHS FOX and ROACH-Northfield

Property Details for 1406 Madison Avenue

City/Community
Atlantic City
Class
MULTI-FAMILY
Parking - Exterior
Off Site Parking
Waterfront (Y/N)
No
LISTING UPDATED: 01/15/2025 09:40 PM

Property Details for 1406 Madison Avenue

StatusActive
MLS #592163
Days on Market38
Taxes$4,315 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Duplex
Year Built-
Lot Size0.05 AC / 2,250 SF
CountyAtlantic County

Building Information for 1406 Madison Avenue

Stories-Residences2Year Built-Building Size-Lot Size0.05 AC / 2,250 SF

Property Information for 1406 Madison Avenue

Summary
Location and General Information
  • Address: 1406 Madison Ave Ave
  • Address Number: 1406
  • Address Search Number: 1406
  • Address Street: Madison Ave
  • Area: Atlantic City
  • County: Atlantic
  • Directions: 1406 Madison Ave, Atlantic City, NJ 08401
  • Fips Code: 34001
  • Location: See Remarks
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Owner
  • Owner: On records
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 01-15-2025
  • Tax Year: 2024
  • Taxes: 4315
Property
Lot Information
  • Approved Short Sale?: No
  • Approx SQFT: 2418
  • Block #: 684
  • Lot #: 12
  • Lot Dimensions: 30x75
Property and Assessments
  • Age: 25+ Years
  • Associated Document Count: 0
  • New Construction: No
  • Total Assessment: 125000
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Outside Features: Curbs, Deck, Porch, Sidewalks
  • Siding/Exterior: Brick, Vinyl
  • Storms/Screens: Screens
Interior Features
  • Air Conditioning: Central, Electric
  • Appliances: Gas Stove, Microwave, Refrigerator
  • Heating: Forced Air, Gas-Natural
  • Other Rooms: Dining Area, Kitchen, Living Room, Loft
Multi Family
Multi-Family Information
  • Annual Taxes: 4315
  • Limited Service (Y/N): No
  • Number Of Units: 2
  • Owner Occupied (Y/N): Yes
  • Rental Information: See Remarks
  • Suitable For: Multi Family + Rooms
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Level: Lower
  • Unit 1 Rent: Vacant
  • Unit 1 Rooms: 4
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 2
  • Unit 2 Level: Upper
  • Unit 2 Rooms: 5

Property History for 1406 Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1406 Madison Avenue

Taxable ValueLand$29,000Additions$96,000Total$125,000
Tax Record2023$4,456 ($371 / month)
Home Facts
Beds0Total Finished SqFt2,462 SqFtAbove Grade Finished SqFt2,462 SqFtStories1Lot Size2,252 SqFtStyleSingle Family ResidenceYear Built1900ZoningR-1CountyATLANTICAPN02 00684-0000-00012

Schools near 1406 Madison Avenue

This home is within Atlantic City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Dr M L King Jr School Comp
PublicPK to 8

Atlantic City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1406 Madison Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on January 15, 2025 by BHHS FOX and ROACH-Northfield, it's currently listed at $243,900. It has been on the market for a total of 38 days and was last sold on October 26, 2022. This listing's school district is Atlantic City Public School District. Nearby schools include Dr M L King Jr School Comp and Atlantic City High School. 1406 Madison Avenue is a 0-bed, 0-bath, 2,418 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS FOX and ROACH-Northfield

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.