# 2722 Atlantic Avenue, Atlantic City, NJ 08405

> **TL;DR:** residential multi family, $3,800,000 ($101/sqft), built 1930, 37,673 sqft.
> View, A/C. Est. $16,467/mo. Listed 29 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,800,000 |
| Price/sqft | $101 |
| Square Feet | 37,673 |
| Year Built | 1930 |
| Lot Size | 10,890 sqft (0.25 acres) |
| Stories | 5 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 29 |

## Why This Home Stands Out

- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $16,467 |
| **Total** | **$16,467** |

## Key Amenities

- View
- A/C

## Property Highlights

- Built in 1930
- 0.25 acre lot
- 5 stories

## Description

### Agent Description
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.

## Location

- **Address:** 2722 Atlantic Avenue, Atlantic City, NJ 08405
- **County:** Atlantic
- **Coordinates:** 39.354922, -74.445158
- **Google Maps:** https://www.google.com/maps?q=39.354922,-74.445158

## Listing Agent

- **Name:** Michael Brooke
- **Brokerage:** Imperial Real Estate Agency
- **Phone:** 7329055511
- **Email:** mbrooke@imperialnj.com

## Primary Photo

![2722 Atlantic Avenue - Primary Photo](http://lh.rdcpix.com/5f0031487da6db4fed42ddaa8eca9300l-f871738194r.jpg)

*3 total photos available on [listing page](https://www.propertysimple.com/listing/2722-atlantic-avenue-atlantic-city-nj-08405-22612953)*

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**MLS#:** 22612953 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2722-atlantic-avenue-atlantic-city-nj-08405-22612953)

---

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