114 S Raleigh Ave, Atlantic City, NJ, 08401
About This Home
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!
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Appliances
- Appliances included: Dishwasher,Gas Stove,Microwave,Refrigerator,Self Cleaning Oven
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 5,385
- Total interior livable area: 5,385 sqft
Property
Details
- Parcel number: 7
Features
- Has view: Yes
- View description: Water,Ocean
- Has water view: Yes
- Water view: Water,Ocean
- Waterfront features: Beach Block
Lot
- Lot size: 3,285 sqft
- Lot size dimensions: 38.65 x 85
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Strong Wind
- Winter Weather
- Cold Wave
- Hurricane
- Inland Flooding
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,089 | $97,068 |
| Home Insurance * | $1,753 | $21,036 |
| Property Taxes | $2,479 | $29,748 |
| Electricity | $593 | $7,123 |
| Total | $12,914 | $154,968 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-23 | Price change | $1,599,900 |
| 2025-06-24 | Price change | $1,649,900 |
| 2025-05-05 | Price change | $1,600,000 |
| 2024-12-12 | Listed for sale | $1,699,900 |
| 2024-12-12 | Listing removed | $1,699,900 |
| 2024-03-18 | Listed for sale | $1,699,900 |
| 2022-11-03 | Sold | $1,265,000 |
| 2022-07-11 | Listing removed | -- |
| 2022-07-05 | Sold | $1,265,000 |
| 2022-06-18 | Pending sale | $1,279,000 |
| 2022-06-18 | Contingent | $1,279,000 |
| 2022-06-17 | Listed for sale | $1,279,000 |
| 2022-06-17 | Listed for rent | $15,000 |
| 2022-03-17 | Pending sale | $1,279,000 |
| 2022-03-08 | Price change | $1,279,000 |
| 2021-12-01 | Pending sale | $1,299,000 |
| 2021-11-16 | Price change | $1,299,000 |
| 2021-06-22 | Price change | $1,399,000 |
| 2021-04-08 | Listed for sale | $1,499,000 |
| 2019-02-21 | Sold | $405,000 |
| 2019-01-20 | Price change | $475,000 |
| 2017-04-02 | Listed for sale | $575,000 |
| 2013-09-12 | Listing removed | $1,800 |
| 2012-05-04 | Listed for rent | $1,800 |
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