Their home games are played at the Estadio Flaviano Díaz.

The club has been playing in the lower divisions of the Paraguayan league for several decades and their most notable achievements are the three second-place finishes they achieved when they were playing in the first division.

Atlántida are one of the oldest clubs in Paraguayan football history, but have long been overshadowed in Barrio Obrero by their neighbors Cerro Porteño, Nacional and Club Sol de América.

The club was runner-up in the Paraguayan Primera División on three occasions: 1910, 1911, and 1936 - they haven't been in the top division since 1954, when they were relegated.

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