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1916 Magellan Ave Ave, 
Atlantic City, NJ 08401

$270,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Vehonna Thompson

Keller Williams Realty Atlantic Shore-Northfield

609-484-9890

Last updated:

February 28, 2026, 04:09 PM

MLS#

604924

Source:

NJ SJSRMLS

About This Home

1916 Magellan Ave Ave

Live in one, rent the other — or add a solid asset to your portfolio! This well-maintained duplex offers 1,478 sq ft of living space with two 2-bedroom, 1-bathroom units, each featuring separate utilities, its own hot water heater, and its own furnace — a true set-it-and-forget-it setup for any owner or investor. Peace of mind comes standard here — the roof was replaced in 2021, and both units feature furnaces and hot water heaters installed in 2021, meaning the big-ticket items are already taken care of for years to come. The top unit is vacant and move-in ready, showcasing beautiful hardwood floors. The bottom unit features vinyl flooring and has a tenant in place through mid-March, providing immediate rental income from day one. With a 4.3% cap rate in a high-demand coastal market with strong appreciation potential, this is a smart addition to any investment portfolio. Outside, enjoy a fenced backyard and convenient street parking. No basement means less maintenance and more simplicity. Ideally located just minutes from the AC Expressway and Route 30 (White Horse Pike) for effortless commuting, and close to MLK School, the Atlantic City Convention Center, and Tanger Outlets at The Walk. World-class entertainment is right around the corner at Caesars, The Borgata, Harrah's, and Golden Nugget, and you're just a short ride to the world-famous Atlantic City Boardwalk and stunning Jersey Shore beaches. Shopping, dining, and public transit are all within easy reach. Whether you're an owner-occupant looking to offset your mortgage with rental income, or an investor seeking a low-maintenance, income-producing property in a thriving shore market, this duplex delivers. Schedule your showing today!

Home Facts

Multi-Family

Built in 1900

Price Summary

270,000

MLS #:

604924

Last Updated:

February 28, 2026, 04:09 PM

Added:

17 day(s) ago


Structure

Structure

Year Built:

1900


Finances & Disclosures

Finances

Price:

$270,000

Source:NJ SJSRMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.