Great investment opportunity on the Penrose Canal! This spacious two-story duplex offers scenic water views along with views of the city skyline and is situated on a desirable corner lot. The property features two generously sized 3-bedroom units, each with separate utilities, plus a newer roof. The first-floor unit offers 1.5 bathrooms, a spacious living room, and a formal dining room. The recently renovated second-floor unit features a brand-new kitchen, oversized rooms, an enclosed porch, attic storage, and additional updates throughout. Both units will are currently occupied on an annual lease which offers convenience and stability for buyer! With its waterfront setting, spacious layouts, and strong rental potential, this property presents a unique opportunity in a convenient location.
Venice Park, located between the Boardwalk and the Intracoastal Waterway, is a residential and resort Atlantic City neighborhood with canal-front streets and marina views. Low-rise condos and compact single-family homes line quiet blocks, with salt air and boat traffic shaping the daily backdrop. The neighborhood’s character concentrates around the Gardner’s Basin waterfront, where docks, seafood counters, and sightseeing boats set a working-harbor tone. Community pillars include the Atlantic City Aquarium, Back Bay Ale House, and the Atlantic City Historical Museum. Sidewalks trace the water’s edge, and short drives connect to the Boardwalk’s entertainment corridor. The setting reads coastal and contained, with a strong sense of place tied to the back-bay shoreline.
Provided by Walk Score and Local Logic
Market insights
1830 E Riverside Dr · $439,900
DAYS ON MARKET
23 days
The average home goes pending in 38 days.
SALE-TO-LIST
107.5%
Most homes are selling 7% above list price.
LIST PRICE
$439,900
Median list price in this area is $409,796. (7% lower than this home)
PRICE DROP
0 price drops
10% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Laminated flooring
Bedrooms
Two 3-bedroom units (both units are three-bedroom)
Bathrooms
Details not provided
Kitchen
Appliances not specified
Laundry & utility
No unit-level laundry details provided
Flooring
Laminated flooring throughout (where present)
Heating & cooling
Baseboard hot water heating
Window air conditioning units
Exterior features
Bulkheaded lot
Corner lot
Located in a flood plain
Water view (canal)
Home design
Detached structure
Two-story building
Ownership is fee simple
Parking
Driveway parking
Security
Security details not provided
Construction
Brick construction
Pitched roof
Crawl space foundation
Above-grade and below-grade structures noted
Built year source: Assessor (year built not specified)
Utilities
Public water
Public sewer
Natural gas for heating and hot water
HOA & community
No HOA information provided
Financial info
Total actual rent reported as $60,000
Rent control: No
Ground rent paid annually
Other
Property contains 2 total units; both units are leased
Units furnished: None
Electricity and solar
View estimated energy costs and solar savings for this home
The R-1 Single-Family Detached Residential Districts have been established to provide for detached dwellings at areas in the City where this type of housing has traditionally prevailed and developed. The two districts differ only in minimum lot area, lot width and front yard requirements.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Office-Other
Educational/school
Park & open space
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 94° expected this year, 16 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Atlantic City, NJ • 08401
Average low and high temperatures (°F)
38
27
40
29
51
40
59
48
66
56
77
66
82
74
76
68
73
66
66
55
57
45
44
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 6% for direct sun exposure in Atlantic City. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1830 E Riverside Dr
$430,113
$9,787 under list price of $440K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $100K to $356K.