10-unit mixed-use building located just half a block from the Hard Rock Hotel & Casino and only 1.5 blocks to the beach and the world-famous Atlantic City Boardwalk! This investment opportunity offers a current 9.75% cap rate and includes a large ground-floor commercial space, currently leased to a restaurant, with separate gas and electric meters. The building also features nine residential units, each with individual electric meters. Income and expense details are available to qualified buyers. The property is ideally situated within walking distance to major attractions including all local casinos, restaurant, hospital, marina and more. With consistent occupancy and unbeatable proximity to beaches, fishing piers, jettys, and entertainment, this building offers a strong investment to investors in the heart of Atlantic City.
For sale
$1,099,000
18 S Pennsylvania Ave, Atlantic City, NJ 08401
7beds
--baths
--sqft
Est.:
Multi Family
Built in 1930
-- sqft lot
$1,052,900 Zestimate®
$--/sqft
$-- HOA
What's special
Large ground-floor commercial spaceNine residential units
- 15 days
- on Zillow |
- 275 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: April 11, 2025 at 08:04am
Listed by:
Daniel Levy,
REAL-GALLOWAY
Source: SJSRMLS,MLS#: 595117

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
Heating
- Natural Gas, Radiant
Features
- Has basement: No
- Has fireplace: No
Property
Parking
- Parking features: None
Lot
- Size: 3,600 Square Feet
- Dimensions: 40 x 90
Details
- Parcel number: 5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Location
- Region: Atlantic City
Financial & listing details
- Annual tax amount: $16,438
- Date on market: 4/11/2025
- Date available: 04/11/2025
- Loading
- Loading