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$3,800,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 days ago
See This Home
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Prime investment opportunity in the heart of Atlantic City! Located at the corner of Atlantic and South Iowa Avenues , this 38-unit mixed-use elevator building sits immediately adjacent to the Tropicana Atlantic City, capturing incredible foot traffic. The 37,673 SF property features 32 residential units and 6 ground-floor retail storefronts. It currently generates a strong 8.60% cap rate on as-is NOI, with a clear path to a 9.55% pro forma cap rate. There is excellent value-add potential through the immediate lease-up of three vacant residential units, rent-control leniency on tenant turnover, and a gas-to-electric heat conversion opportunity. Asking price is $4,100,000.

Full Property Details for 2722 Atlantic Ave

General

  • Price: $3,800,000
  • Taxes: $57,572 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Monmouth
  • MLS ID: 22612953
  • Updated: 5/17/2026
  • Added to Site: 23 day(s) ago

Location

  • Area: Atlantic City (ATC)
  • Municipality: Atlantic City (ATC)
  • County: Atlantic
  • Subdivision: None

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Other

Utilities

  • Sewer: Public Sewer
  • Water/Sewer: Public Sewer

Structural Information

  • Basement: Yes
  • Square Feet: 37,673
  • Year Built: 1930

Lot Features

  • Lot Size (Acres): 0.25
  • Lot Size (Sq. Ft.): 10,890
  • Lot Dimensions: 100 x 107.5

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $100.87
  • Tax Amount: $57,572
  • Tax Year: 2025

Disclosures and Reports

  • Property ID: 02-00174-0000-00001
  • Section: None

Listed by Imperial Real Estate Agency, Michael Brooke

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Listing agent

— 2722 Atlantic Ave —

  • Michael Brooke

    Imperial Real Estate Agency

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 2722 Atlantic Ave

School District:Atlantic City School District
NameGradesDistance
Texas Avenue Elementary School
2523 Arctic Avenue, Atlantic City, NJ 08401
K-50.2 mi
Brighton Avenue School
30 North Brighton Avenue, Atlantic City, NJ 08401
PK-50.2 mi
Sovereign Ave School
111 North Sovereign Avenue, Atlantic City, NJ 08401
6-80.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2722 Atlantic Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/17/2026
Price Reduced
$3,800,000
-7.32%
MLS
5/06/2026
Listed
$4,100,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Imperial Real Estate Agency, Michael Brooke

2722 Atlantic Avenue, Atlantic City, NJ 08405 (MLS# 22612953) is a Multi-Family property with 38 units containing 0 bedrooms and 0 full bathrooms. 2722 Atlantic Avenue is currently listed for $3,800,000 and was received on May 06, 2026. Want to learn more about 2722 Atlantic Avenue? Do you have questions about finding other Multi-Family real estate for sale in Atlantic City? You can browse all Atlantic City real estate or contact a Coldwell Banker agent to request more information.

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