114 S Raleigh Ave

Beds
Baths
5,385 Sq. Ft.
$297 / Sq. Ft.
5,385
Sq. Ft.
$297
per Sq. Ft.

Description

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...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!
  1. Listed by PAULA HARTMAN • BHHS FOX and ROACH-Margate
  2. Listed by TODD GORDON • BHHS FOX and ROACH-Margate III

Property Details for 114 South Raleigh Avenue

City/Community
Atlantic City
Class
MULTI-FAMILY
Parking - Exterior
None
Waterfront (Y/N)
No
LISTING UPDATED: 03/23/2026 12:18 PM

Property Details for 114 South Raleigh Avenue

StatusActive
MLS #605912
Days on Market29
Taxes$28,473 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMULTI-FAMILY / Triplex
Year Built-
Lot Size0.08 AC / 3,285 SF
CountyAtlantic County

Location

Listing Courtesy of BHHS FOX and ROACH-Margate; BHHS FOX and ROACH-Margate III
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Building Information for 114 South Raleigh Avenue

Stories-Residences3Year Built-Building Size-Lot Size0.08 AC / 3,285 SF

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$10,429 per month

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Principal and Interest

$8,056

Property Taxes

$2,373

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Property Information for 114 South Raleigh Avenue

Summary
Location and General Information
  • Address: 114 S Raleigh Ave
  • Address Direction: S
  • Address Number: 114
  • Address Search Number: 114
  • Address Street: Raleigh
  • Area: Atlantic City
  • County: Atlantic
  • Directions: Located off of Atlantic Ave
  • Fips Code: 34001
  • Location: Beach Block, Water View
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 03-23-2026
  • Tax Year: 2025
  • Taxes: 28473
Property
Lot Information
  • Approved Short Sale?: No
  • Approx SQFT: 5385
  • Block #: 11
  • Lot #: 7
  • Lot Dimensions: 38.65x85
Property and Assessments
  • Age: 25+ Years
  • Associated Document Count: 0
  • Total Assessment: 849800
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Outside Features: Curbs, Ocean View, Sidewalks
  • Siding/Exterior: Brick
Interior Features
  • Air Conditioning: Central
  • Appliances: Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven
  • Heating: Forced Air
  • Other Rooms: Living Room
Multi Family
Multi-Family Information
  • # of 4 Bedroom Units: 3
  • Annual Taxes: 28473
  • Limited Service (Y/N): No
  • Number Of Units: 3
  • Suitable For: Condo Conversion, Multi Family + Rooms
Unit 1
  • Unit 1 Baths: 2
  • Unit 1 Bedrooms: 4
Unit 2
  • Unit 2 Baths: 2
  • Unit 2 Bedrooms: 4
Unit 3
  • Unit 3 Baths: 2
  • Unit 3 Bedrooms: 4

Property History for 114 South Raleigh Avenue

DateEvent & SourcePriceAppreciation
Mar 23, 2026

Withdrawn

SJSRMLS #597569

$1,649,900
Mar 23, 2026

Listed (Active)

SJSRMLS #605912

$1,599,900
Jun 24, 2025

Listed (Active)

SJSRMLS #597569

$1,649,900
DateEvent & SourcePrice
03/23/2026

Withdrawn

SJSRMLS #597569

$1,649,900
03/23/2026

Listed (Active)

SJSRMLS #605912

$1,599,900
06/24/2025

Listed (Active)

SJSRMLS #597569

$1,649,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 114 South Raleigh Avenue

Taxable ValueLand$221,300Additions$628,500Total$849,800
Tax Record2024$29,335 ($2,445 / month)
Home Facts
Baths6Total Finished SqFt5,385 SqFtAbove Grade Finished SqFt5,385 SqFtStories3Lot Size3,284 SqFtStyleSingle Family ResidenceYear Built1920ZoningR-2CountyATLANTICAPN02 00011-0000-00007

Schools near 114 South Raleigh Avenue

This home is within Atlantic City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Richmond Avenue Elementary School
PublicPK to 8

Atlantic City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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114 South Raleigh Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on March 23, 2026 by BHHS FOX and ROACH-Margate, it's currently listed at $1,599,900. It has been on the market for a total of 29 days and was last sold on July 25, 2022. This listing's school district is Atlantic City Public School District. Nearby schools include Richmond Avenue Elementary School and Atlantic City High School. 114 South Raleigh Avenue is a 0-bed, 0-bath, 5,385 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS FOX and ROACH-Margate; BHHS FOX and ROACH-Margate III

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.