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3-Unit Triplex with Updated Interiors
New
For Sale
$569,000

38 N IOWA Ave, Atlantic City, NJ 08401

MULTI-FAMILY, Lower Chelsea, NJ

Property SizeContact for details
Days on Market2

Property Features for 38 N IOWA Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Basement, Bedroom 7, Dining Room, Bedroom 4, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Parking features Offsite
Patio and Porch features Deck, Patio, Porch
Exterior features Curbs, Deck, Fenced Yard, Patio, Porch, Shed, Sidewalks
Fencing Fenced
Appliances Gas Stove, Microwave, Refrigerator
Lot features Boardwalk Area
Directions From the Albany Bridge, left on Atlantic Ave, Left on Iowa to 38N
Subdivision Atlantic City
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 4
Listing Agency: BHHS FOX and ROACH-Margate
Listed By: Kenneth Robinson · License #SP1968095
Added: Oct 16 Last Checked: Oct 17 at 12:06AM
MLS# 612947

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.

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Investment Insights

Based on property information with market context.

This three-unit residential property has been freshly painted, with new flooring, windows, and updated bathrooms. Each apartment includes two bedrooms, a living room, dining space, a kitchen, and a bathroom. Kitchen features include stainless steel appliances, a gas stove, microwave, refrigerator, and granite countertops. Individual split systems provide heating and air conditioning in each unit.

The property is on Iowa Avenue, 2.5 blocks from the Atlantic City Boardwalk and beach. Restaurants, shopping, and casinos are also described as a short walk away. Exterior features include a deck, patio, porch, fenced yard, and shed. Public water and sewer serve the property.

Key Highlights

  • Three residential units, each with two bedrooms
  • New flooring and windows; freshly painted
  • Updated bathrooms and granite kitchen countertops

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Garden Center Storage Facility Catering Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,505
Businesses Nearby

Demographics for 08401, NJ

38,536
Population
20,116
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
76%
High-School Grad
10.7 sq mi
ZIP Area
3,601
Density / Sq Mi
$36,375
Median Household Income
$28,915
Median Earnings
$1,086
Median Rent
$189,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Each residence has two bedrooms, a living room, dining area, kitchen, and its own split heating and cooling controls.
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 $569,000.
What are key features of this property?
This property features: Three residential units, each with two bedrooms; New flooring and windows; freshly painted; Updated bathrooms and granite kitchen countertops
More about this property
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