2722 Atlantic Avenue, Atlantic City, NJ, 08401
About This Home
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.
Getting Around
Walker's Paradise
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1930
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Partially Finished,Other,Shared Storage
Cooling
- Cooling features: Other
Interior Area
- Total structure area: 37,673
- Total interior livable area: 37,673 sqft
Property
Details
- Parcel number: 0200174000000001
Features
- Stories: 5
Lot
- Lot size: 0.25 Acres
- Lot size dimensions: 100 x 107.5
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Winter Weather
- Cold Wave
- Hurricane
- Inland Flooding
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $19,214 | $230,568 |
| Home Insurance * | $4,164 | $49,968 |
| Property Taxes | $5,890 | $70,680 |
| Electricity | $4,152 | $49,834 |
| Total | $33,420 | $401,040 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Listed for sale | $4,100,000 |
| 2018-01-23 | Listing removed | $1,395 |
| 2017-10-27 | Price change | $1,395 |
| 2017-10-23 | Listed for rent | $795 |
| 2017-08-10 | Listing removed | $800 |
| 2017-02-10 | Listed for rent | $800 |
| 2016-11-17 | Listing removed | $850 |
| 2016-03-25 | Listing removed | $1,395 |
| 2016-01-19 | Price change | $1,395 |
| 2015-12-31 | Listed for rent | $1,365 |
View on Zillow