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Maria King

mking@norluxerealty.com +1(404) 637-0167

$ 1,000,000

Est. payment | -/mo

7,492 Sqft Lot

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$ 1,000,000

Est. payment | -/mo

Save

7,492 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Virgina Highlandsvirginia-Highland Eleme

MLS Listing ID 10791463

HOA Y/N No

Year Built 1920

Annual Tax Amount $14,063

Tax Year 2025

Lot Size 7,492 Sqft

Acres 0.172

Lot Dimensions 7492.32

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

UNBEATABLE INTOWN ATLANTA MULTIFAMILY INVESTMENT IN VIRGINIA-HIGHLAND! Rare opportunity to acquire an income-producing 5-plex with exceptional structural bones in one of Atlanta's most coveted historic neighborhoods. Situated on a beautiful corner lot featuring tree-lined streets, sidewalks, and streetlights, this property offers the ultimate Intown location. Residents are just around the corner from the iconic Ponce City Market and the vibrant Atlanta BeltLine Eastside Trail, putting world-class dining, shopping, and recreation right at their doorstep. EXCELLENT STRUCTURAL BONES & LOW-MAINTENANCE EXTERIOR Investors will appreciate the low-maintenance, high-durability exterior features designed to protect your bottom line. The building boasts -significantly reducing ongoing maintenance costs and capital expenditure worries. VERSATILE UNIT LAYOUTS WITH HISTORIC CHARM & VALUE-ADD POTENTIAL The interior presents 5 units with varying sizes and degrees of TLC needed per unit, This allows a new owner to renovate each unit one at time while rapidly capture market-rate rents as they go along with the renovations. Approximately 4,000+ total sqft according to Cuba Casa floor plans. Unit 1 & Unit 4: These spacious units are packed with historic character, featuring original hardwood floors, classic original bathroom tile, and charming fireplaces. Unit 1 retains timeless original plaster details in the living room. Units 2 & 3: Conveniently located in the basement level, offering a cozy footprint. Unit 5 (The Loft): Positioned above Unit 4, this unique space features a smart 1-bedroom open-concept living and kitchen combo layout. Flexible Rental Strategy: For maximum rental yield flexibility, Unit 4 and Unit 5 can be easily leased together as a single expansive residence or kept completely separate to maximize independent income streams. PROPERTY AMENITIES, PARKING, & TOP-TIER SCHOOLS A dedicated shared laundry room is located in the basement, providing a highly desired amenity for all residents and an opportunity for additional coin or digital laundry revenue. The property features convenient alleyway access leading to four dedicated parking slots in the rear, plus ample neighborhood street parking. Adding to the exceptional long-term equity and resale value, this property is situated in the highly desirable Atlanta Public Schools Midtown Cluster, zoned for Virginia-Highland Elementary, David T. Howard Middle School, and the award-winning Midtown High School. Whether you are executing a classic value-add renovation, looking for a premium 1031 exchange asset, or building a long-term buy-and-hold real estate portfolio, this 5-unit multifamily property delivers unmatched location-driven value. Capitalize on strong, steady rental demand driven by immediate proximity to Midtown Atlanta, Piedmont Park, the Old Fourth Ward, and major employment hubs. Properties of this scale and caliber in this exact pocket of Virginia-Highland rarely hit the market. Schedule a property tour today to explore the footprint, layout, and incredible income potential of this premier Intown real estate asset. Sold as-is.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Interior

Heating Central, Natural Gas

Cooling Ceiling Fan(s), Electric

Fireplaces Number 2

Fireplace Yes

Exterior

Parking Features Off Street

Garage Spaces 4.0

Community Features Sidewalks, Street Lights, Near Public Transport, Walk To Schools, Near Shopping

Utilities Available Sewer Connected

View Y/N No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces From I-85 / I-75 exit 248C toward GA-10 E/John Lewis Freedom Pkwy NE. Continue onto GA-10 E/John Lewis Freedom Pkwy NE. Turn left onto US-278 W/Ponce De Leon Ave NE. Turn right onto Bonaventure Ave NE. Turn right onto St Charles Ave NE. Destination will be on the right. .

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick,Concrete

New Construction No

Schools

Elementary Schools Virginia Highland

Middle Schools David T Howard

High Schools Grady

Others

HOA Fee Include None

Tax ID 14 001700090342

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Resale

Nearby Locations

I am a passionate, friendly real estate professional dedicated to turning your real estate dreams into realty.

+1(404) 637-0167

mking@norluxerealty.com

650 Ponce de Leon Ave NE, Atlanta, GA, 30308-1804, USA

811 Saint Charles AVE NE Atlanta, GA 30306

Maria King

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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811 Saint Charles AVE NE