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Turnkey Multifamily Opportunity Near Boardwalk

38 N IOWA Ave Atlantic City, NJ 08401

Claim this Listing
For Sale
$599,990

MULTI_FAMILY - Lower Chelsea, NJ

Added:
Feb 14, 2026
Days on Market:
147
Last Refresh:
Jul 11 at 12:06 am

Property Features for 38 N IOWA Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 5, Dining Room, Basement, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3
Parking features
Offsite
Patio and Porch features
Patio, Porch, Deck
Exterior features
Curbs, Deck, Fenced Yard, Patio, Porch, Shed, Sidewalks
Fencing
Fenced
Appliances
Gas Stove, Microwave, Refrigerator
Standard status
Active

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
7118

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air, Zoned
Cooling system
Electric, Zoned
Water source
Public

Building Details

Number of units
3

Listing agent Kenneth Robinson License #1968095

Listing office BHHS FOX and ROACH-Margate 9218 VENTNOR AVE, NJ

Listing date Feb 14, 2026

MLS# 604734 Listing URL

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


Investment Insights

Based on property information with market context.

This multifamily property, located in Lower Chelsea, NJ, presents a turnkey investment opportunity. The renovated triplex is situated on a wide avenue, just 2.5 blocks from the Atlantic City Boardwalk and beach, with convenient access to restaurants, shopping, and casinos. The property has been fully renovated and freshly painted, and is being offered without tenants. Each of the three units features two bedrooms, a dining area, a kitchen equipped with stainless steel appliances including a microwave, refrigerator, and gas stove, granite countertops, an upgraded shower and bathroom, and a living room. Climate control is provided in each unit via split heater/air-conditioners. The property includes new floors and windows.

Key Highlights

  • 3‑unit property with 2 bedrooms per unit, plus a dining area, kitchen, and living room in each unit
  • Offered without tenants and freshly painted; upgrades include new floors, new windows, and updated bathrooms
  • Kitchen includes gas stove, microwave, and refrigerator, with granite countertops

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

(Bike/Boat/Book/etc) Store Locksmith Garden Center Storage Facility Catering Service Butcher (Bike/Boat/Book/etc) Store Veterinary Clinic (Bike/Boat/Book/etc) Store Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Renovated triplex near Atlantic City Boardwalk, ready for immediate rental.
Where is this triplex located?
The property is located at 38 N IOWA Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: 3‑unit property with 2 bedrooms per unit, plus a dining area, kitchen, and living room in each unit; Offered without tenants and freshly painted; upgrades include new floors, new windows, and updated bathrooms; Kitchen includes gas stove, microwave, and refrigerator, with granite countertops
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