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2722 Atlantic Avenue, 
Atlantic City, NJ 08405

$4,100,000

—

Bed

—

Bath

37,673

Sq Ft

Multi-Family

Active

Listed by

Michael Brooke

Imperial Real Estate Agency

Last updated:

May 15, 2026, 02:31 PM

MLS#

22612953

Source:

NJ MOMLS

Source MLS Verified

About This Home

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.

Home Facts

Multi-Family

Built in 1930

Price Summary

4,100,000

$108 per Sq. Ft.

MLS #:

22612953

Last Updated:

May 15, 2026, 02:31 PM

Added:

13 day(s) ago

Rooms & Interior

Interior

Living Area:

37,673 Sq. Ft.

Structure

Structure

Building Area:

37,673 Sq. Ft.

Year Built:

1930

Lot

Lot Size (Sq. Ft):

10,890

Finances & Disclosures

Finances

Price:

$4,100,000

Price per Sq. Ft:

$108 per Sq. Ft.

Source:NJ MOMLS
IDX information if provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided by Monmouth MLS. Last Updated May 15, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.