114 S Raleigh AveAtlantic City, NJ 08401

Multi-Family · 5,385 Sq. ft.
$1,599,900 Active

114 S Raleigh Ave Overview

Time on Site:
99 days
Visits:
10

Beachfront Investment Opportunity in Atlantic City's Historic Chelsea Neighborhood! Welcome to the Residences at Raleigh — a rare offering of three fully renovated, designer apartments just steps from the Atlantic City Boardwalk. This oversized triplex spans approximately 4,650 square feet in total and features (3) spacious 4-bedroom, 2-bathroom units, each offering 1,550 SF of modern coastal living. Inside each residence, you'll find high-end finishes throughout, including quartz countertops, stainless steel appliances, center islands, and open-concept living areas flooded with natural light and breathtaking ocean views. The bathrooms are thoughtfully designed with custom vanities, oversized walk-in showers or shower/tub combos, and sleek, modern finishes. Each unit includes in-unit laundry, central HVAC, and private utilities for ultimate convenience. Whether you're seeking a luxury beachside home, a lucrative short-term rental investment, or both — this property checks every box. Located minutes from the city's top casinos, dining, and entertainment, this is your chance to own a turn-key, income-generating property in one of Atlantic City's most desirable neighborhoods. Schedule your private showing today and experience the best of beachfront living!

Listing provided courtesy of BHHS FOX and ROACH-Margate- MLS# 605912MLS Provider
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114 S Raleigh Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,385
  • Price/Sq.ft. $297

Details

General

Listing Information

  • Auction: No
  • Bank Owned/Foreclosure: No

Building Information

  • AGE: 25+ Years

Location/Region

  • County Or Parish: Atlantic
  • LOCATION: Beach Block,Water View
  • MLS Area Major: Atlantic City

Tax Information

  • Tax Annual Amount: $28,473.00
  • Tax Year: 2025

General Information

  • Property Sub Type: Triplex
  • Property Type: MULTI-FAMILY

Interior

Parking Information

  • GARAGE: None

Building Interior

  • # of 4 Bedroom Units: 3
  • Building Area Total: 5385

General Information

  • Appliances: Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven
  • Cooling: Central
  • Heating: Forced Air

Unit Information

  • Unit 2 Baths: 2
  • Unit 3 Baths: 2

Room Information

  • OTHER ROOMS: Living Room

Exterior

Parking Information

  • Parking Features: None

Lot Information

  • Lot Size Dimensions: 38.65x85
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Exterior Features: Curbs, Ocean View, Sidewalks
  • Sewer: Public Sewer

114 S Raleigh Ave Neighborhood

Community

08401 (Atlantic City) Demographics

37
Median Age
2,245
Population Density (per sq. mile)
23%
College Educated
$29,526
Estimated Median Income
4,454
Estimated Total Home Owners
11,321
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

114 S Raleigh Ave Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

114 S Raleigh Ave Market Data

Based on the last 30 days in this zip code

$317,804
Average List Price
$260
Average Price per Square Foot
2
Properties Sold
100
Average Days on Market
58
Properties for Sale
Calculations provided by Reliance Network

114 S Raleigh Ave History

Date Event Value Agent
3/23/2026Source: South Jersey Shore MLS Added to Database
March 23, 2026
Paula Hartman
Listing Agent
7/6/2023Source: South Jersey Shore MLS Price Increase
$1,279,000 1.1%
Paula Hartman
Listing Agent
7/6/2023Source: South Jersey Shore MLS Price Increase
$475,000 17.3%
7/25/2022Source: South Jersey Shore MLS Status Change
Sold-In House
Paula Hartman
Listing Agent
6/27/2022Source: South Jersey Shore MLS Status Change
UnderContract-Cont toShow
Paula Hartman
Listing Agent
6/20/2022Source: South Jersey Shore MLS Added to Database
November 29, 2021
6/20/2022Source: South Jersey Shore MLS Added to Database
March 08, 2022
Paula Hartman
Listing Agent
3/18/2022Source: South Jersey Shore MLS Status Change
Under Contract
Paula Hartman
Listing Agent