1916 Magellan Ave

Atlantic City NJ 08401

1478 sq. ft.

Duplex

Last sold for $268,000

Vehonna Thompson, last sold this property on 09 April 2026 after 211 days on market.

Overview

3/20/26***An accepted offer is in place; however, showings remain active. Seller will entertain backup offers through the close of the Inspection Period -- now is a great time to submit.*** We're Back on The Market...New Price Position | New Realtor | New Photos! 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. Live in one, rent the other — or add a solid asset to your portfolio! First time home buyers may qualify for up to $50,000 from the Atlantic City Homebuyers Assistance Program in addition to up to $10,000 from the NJ Down Payment Assistance Program AND up to $17,000 from the NJ First Generation Down Payment Assistance Program towards this purchase! 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 on a month-to-month lease, 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!

Features

4 bedrooms

1478 sq. ft. floor area

Duplex

Estimated Value

Based on this property and similar 4 bedroom duplexes sold in Atlantic City over the last 12 months, the estimated median property value of 1916 Magellan Ave is $290k.

Median value

$290k

Estimated value range

$229.9k - $425k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Atlantic City. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1916 Magellan Ave

2026

Sold

$268,000

09 Apr 2026 by Vehonna Thompson, of Keller Williams Realty - Atlantic Shore

2021

Sold

$100,000

14 May 2021 by Bishoy Youssef, of Century 21 Atlantic Professional Realty

2018

Sold

$22,500

22 Oct 2018

Happy sellers in Atlantic City

We have insufficient information to provide an overview of customer satisfaction for Atlantic City. Viewing the agent profiles, reviews and sales for Atlantic City can provide insights for this location.