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Rachel Bachman - Team Lead - New Era Collective

rachel@neweranj.com +1(609) 822-3300

$ 1,040,000

Est. payment | -/mo

2 Beds

3 Baths

1,856 SqFt

Save

$ 1,040,000

Est. payment | -/mo

Save

2 Beds

3 Baths

1,856 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,856 sqft

Price per Sqft $560

MLS Listing ID 607521

Bedrooms 2

Full Baths 3

Year Built 1920

Annual Tax Amount $8,447

Tax Year 2025

Lot Size 1,856 Sqft

Property Sub-Type Duplex

Property Description

Positioned just one block from the beach and one block from the bay, this fully furnished duplex in the heart of Ventnor offers a rare combination of immediate cash flow and long-term upside. Located within the city's most active rental corridor, this is a true turnkey asset with an established income stream and professional property management already in place—allowing for a seamless, hands-off transition. The property generates up to $80,000 annually across two separate units, blending short-term and long-term rental strategies for year-round performance. The two-bedroom, one-bath unit produces stable monthly income of approximately $2,000, while the larger four-bedroom, two-bath unit commands $430–$450 per night in season, with peak rates reaching up to $1,000 per night during high-demand holidays. Off-season monthly rentals between $2,500–$3,000 help maintain consistent cash flow beyond the summer months. The home has been fully updated and is delivered furnished, eliminating upfront capital expenditures and allowing for immediate revenue capture. Interior improvements include renovated bathrooms, updated kitchen finishes with stainless steel appliances, and in-unit laundry—features that support both premium rental rates and strong occupancy. Outdoor amenities further enhance rental appeal, including multiple decks and a private outdoor shower—key features for shore tenants. A significant competitive advantage in this market is the inclusion of both a private driveway and a detached garage, a rare find in Ventnor that directly impacts rental desirability and pricing power. The location supports strong and consistent demand, with walkable access to Dorset Avenue, local retail, dining, and essential amenities, while also providing convenient connectivity to major regional routes including the Garden State Parkway and Atlantic City Expressway. Beyond current performance, the property offers clear value-add potential. Options include condo conversion, expansion with a possible third story, or reconfiguration to further increase rental income and overall asset value. With limited inventory in this submarket—especially properties offering parking and scale—this asset is well-positioned for both appreciation and income growth. This is a stabilized, income-producing coastal investment with operational infrastructure already in place and multiple avenues for future upside.

Location

State NJ

County Atlantic

Community Ventnor

Area Ventnor City

Location Details See Remarks

Rooms

Other Rooms Den/TV Room, Dining Area, Dining Room, Florida Room, Kitchen, Laundry/Utility Rm, Library/Study, Living Room

Basement Crawl Space

Interior

Heating Forced Air

Exterior

Exterior Feature Vinyl

Parking Features One Car

Building

Sewer Public Sewer

Water Public

Others

Senior Community No

South Jersey Shore Regional MLS (SJSRMLS)

Listed by RE/MAX COASTAL

Schools and Properties Nearby

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+1(609) 822-3300

rachel@neweranj.com

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11 N Weymouth Ave Ventnor, NJ 08406