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$2,250,000 Just Listed
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Property Description
141 S Ocean Avenue offers a rare opportunity to acquire a stabilized, income-producing 29-unit multifamily property in one of Atlantic City's most desirable locations. Just steps from the world-famous Boardwalk and beach, this investment combines immediate cash flow with exceptional long-term upside in a market experiencing continued revitalization. Encompassing approximately 4,657 square feet, the property is fully operational with an established tenant base and consistent in-place income, providing investors with a turnkey asset from day one. Its premier location places residents within walking distance of Atlantic City's renowned casinos, restaurants, entertainment venues, and waterfront attractions, further enhancing its long-term investment appeal. Whether you're expanding an existing portfolio or seeking a high-performing multifamily asset in a thriving coastal market, 141 S Ocean Avenue presents a compelling opportunity to secure a property that offers both stability and future appreciation potential.
Full Property Details
Full Property Details for 141 S Ocean Ave
General
- Price: $2,250,000
- Taxes: $12,742 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: NJAC2025450
- Updated: 7/30/2026
- Added to Site: 5 day(s) ago
Business
- Business Type: Apartment Building, Other
Parking
- Parking Type: On Street
Location
- Area: Atlantic City (20102)
- Municipality: ATLANTIC CITY
- County: ATLANTIC
- Driving Directions: Use GPS
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Other
- Building Size: 4657
- Year Built: 1920
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,001
- Lot Size Source: Assessor
- Lot Dimensions: 50.00 x 60.00
- Zoning: RS-C
Financial Considerations
- Price Per Sq. Ft.: $483.14
- Assessment Year: 2025
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $377,000
- Tax Amount: $12,742
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 16
Listed by KW Empower, John Patrick Delaney
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Schools
Schools serving 141 S Ocean Ave
School District:Atlantic City School District
| Name | Grades | Distance |
|---|---|---|
New York Avenue School 411 North New York Avenue, Atlantic City, NJ 08401 | PK-8 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 141 S Ocean Ave
Date
Details
Price
Change
Source
7/30/2026
Listed
$2,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 141 S Ocean Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,743
-2%
$377,000
—
2024
$13,014
-9%
$377,000
—
2022
$14,239
-3%
$377,000
—
2021
$14,702
-3%
$377,000
-1%
2019
$15,139
-5%
$380,000
-16%
2018
$15,898
3%
$450,000
—
2017
$15,394
-34%
$450,000
-25%
2016
$23,160
13%
$600,000
—
2015
$20,532
22%
$600,000
-9%
2013
$16,777
—
$660,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 141 S Ocean Ave
141 S Ocean Avenue, Atlantic City, NJ 08401 (MLS# NJAC2025450) is a Apartment property. 141 S Ocean Avenue is currently listed for $2,250,000 and was received on July 30, 2026. Want to learn more about 141 S Ocean Avenue? Do you have questions about finding other Apartment real estate for sale in Atlantic City? You can browse all Atlantic City real estate or contact a Coldwell Banker agent to request more information.

