For sale

Price cut: $300K (5/17)

$3,800,000

2722 Atlantic Avenue, Atlantic City, NJ 08405

--beds

--baths

37,673sqft

$26,441/mo

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Multi Family

Built in 1930

-- sqft lot

$-- Zestimate^®

$101/sqft

$-- HOA

What's special

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.

87 days

299

12

Facts & features

Interior

Cooling

Other

Features

Basement: Partially Finished,Other,Shared Storage

Interior area

Total structure area: 37,673
Total interior livable area: 37,673 sqft

Property

Features

Stories: 5

Lot

Size: 0.25 Acres
Dimensions: 100 x 107.5

Details

Parcel number: 0200174000000001

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1930

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: None

Location

Region: Atlantic City

Financial & listing details

Price per square foot: $101/sqft
Annual tax amount: $57,572
Date on market: 5/6/2026

Estimated market value

Not available

Estimated sales range

Not available

$2,139/mo

Price history

Date	Event	Price
5/17/2026	Price change	$3,800,000-7.3%$101/sqft
Source: MoreMLS #22612953 Report a problem
5/6/2026	Listed for sale	$4,100,000$109/sqft
Source: MoreMLS #22612953 Report a problem
1/23/2018	Listing removed	$1,395
Source: Go Section8 Report a problem
10/27/2017	Price change	$1,395+75.5%
Source: Go Section8 Report a problem
10/23/2017	Listed for rent	$795-0.6%
Source: Go Section8 Report a problem
8/10/2017	Listing removed	$800
Source: BHHS FOX and ROACH-Margate #481994 Report a problem
2/10/2017	Listed for rent	$800-5.9%
Source: BHHS FOX and ROACH-Margate #481994 Report a problem
11/17/2016	Listing removed	$850-39.1%
Source: Owner Report a problem
3/25/2016	Listing removed	$1,395
Source: JERSEY-ATLANTIC REALTY LLC #460158 Report a problem
1/19/2016	Price change	$1,395+2.2%
Source: JERSEY-ATLANTIC REALTY LLC #460157 Report a problem
12/31/2015	Listed for rent	$1,365
Source: JERSEY-ATLANTIC REALTY LLC #460157 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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