307 Grammercy PlAtlantic City, NJ 08401

Multi-Family
$299,000 Active

307 Grammercy Pl Overview

Time on Site:
3 days
Visits:
7

Excellent opportunity to own a duplex just a short distance from the Atlantic City Boardwalk, beaches, ocean, casinos, dining, and entertainment. The property features a large downstairs studio currently occupied on a month-to-month basis, providing immediate rental income, while the upstairs 2-bedroom, 1-bath unit is currently being remodeled and offers additional upside. Located in an area experiencing significant growth and redevelopment, including nearby new residential construction planned by major builders such as K. Hovnanian Homes and Ryan Homes. The nearby Terraces at Absecon Inlet project is expected to bring 38 new townhomes to the Inlet area as part of ongoing neighborhood revitalization. Perfect for an investor or owner-occupant looking to live in one unit while renting the other to help offset mortgage costs. Qualified buyers may be able to take advantage of FHA financing with as little as 3.5% down.

Listing provided courtesy of LEVIN COMMERCIAL REAL ESTATE, LLC- MLS# 609303MLS Provider
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307 Grammercy Pl Facts & Features

  • Type Multi-Family

Details

General

Listing Information

  • Auction: No
  • Bank Owned/Foreclosure: No

Building Information

  • AGE: 25+ Years
  • Year Built: 1900

Location/Region

  • County Or Parish: Atlantic
  • MLS Area Major: Atlantic City

Tax Information

  • Tax Annual Amount: $4,124.00
  • Tax Year: 2026

General Information

  • Estate: No
  • Property Sub Type: Duplex
  • Property Type: MULTI-FAMILY

Interior

Building Information

  • # of Efficiency Units: 1

Parking Information

  • GARAGE: One Car

Building Interior

  • # of 2 Bedroom Units: 1

General Information

  • Heating: Gas-Natural

Unit Information

  • Unit 2 Baths: 1

Exterior

Parking Information

  • Parking Features: One Car

Lot Information

  • Lot Size Dimensions: 39x117
  • Water Source: Public

Waterfront/View

  • Waterfront: No

General Information

  • Sewer: Public Sewer

307 Grammercy Pl Neighborhood

Community

08401 (Atlantic City) Demographics

37
Median Age
2,245
Population Density (per sq. mile)
23%
College Educated
$29,526
Estimated Median Income
4,454
Estimated Total Home Owners
11,321
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

307 Grammercy Pl Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

307 Grammercy Pl Market Data

Based on the last 30 days in this zip code

$317,804
Average List Price
$260
Average Price per Square Foot
2
Properties Sold
100
Average Days on Market
58
Properties for Sale
Calculations provided by Reliance Network

307 Grammercy Pl History

Date Event Value Agent
6/26/2026Source: South Jersey Shore MLS Added to Database
June 26, 2026
7/6/2023Source: South Jersey Shore MLS Price Increase
$109,900 9.9%
Michael McMenamin
Listing Agent
6/20/2022Source: South Jersey Shore MLS Added to Database
November 29, 2021
Michael McMenamin
Listing Agent