2722 Atlantic Avenue, Atlantic City NJ 08405
Photos
1 / 386 days on market · Listed May 6, 2026
About 2722 Atlantic Avenue
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.
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Cooling
- Other
Features
- Basement: Partially Finished, Other, Shared Storage
Interior area
- Total interior livable area: 37,673 sqft
Property
Parking
- Garage spaces: 0
- Has garage: No
Features
- Stories: 5
Lot
- Size: 10,890 sqft (0.25 acres)
- Dimensions: 100 x 107.5
Details
- Parcel number: 02-00174-0000-00001
Construction
Type & style
- Home type: Multi-Family
- Property subtype: 7+ Family
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Location
- Region: Atlantic City
Financial & listing details
- Price per square foot: $101/sqft
- Annual tax amount: $57,572
- Date on market: 5/6/2026
- MLS#: 22612953
Why you'll love 2722 Atlantic Avenue in None, Atlantic City, NJ
2722 Atlantic Avenue is a multi-family home for sale in None, Atlantic City, NJ. It offers approximately 37,673 square feet of living space and was built in 1930. It is offered at $3,800,000, MLS# 22612953.
Inside, 2722 Atlantic Avenue features 5 stories, a partially Finished and Other basement and other cooling. It sits on a lot of roughly 10,890 square feet (about 0.25 acres).
None offers convenient access to shopping, schools, parks, dining, and everyday essentials. Annual property taxes are approximately $57,572. To tour 2722 Atlantic Avenue in None, contact Neuhaus Realty — a family-run agency since 1969, now serving Monmouth & Ocean from our Red Bank office — to schedule a private showing.
Location
MLS# 22612953. Listing courtesy of Imperial Real Estate Agency. Listing information is provided by the Monmouth Ocean Regional MLS. Listing data is deemed reliable but is not guaranteed accurate by the MLS.
