Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1425 Joseph E Boone Boulevard NW Atlanta, GA 30314

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,630,000

    MULTI_FAMILY - Atlanta, GA

    Lot size:
    1.30 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 22 at 9:06 am

    Property Features for 1425 Joseph E Boone Boulevard NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    9
    Parking features
    Assigned
    Standard status
    Active
    APN
    14 014300070911
    Lot size
    1.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    13410

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Yovi Stanchevska

    Listing agent Yovi Stanchevska License #427187

    Listing office HomeSmart 10900 Crabapple Road, Atlanta, GA

    Listing date Mar 5, 2026

    MLS# 10704157 Listing URL

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Atlanta Multifamily Portfolio on 1.3 Acres

    This multifamily portfolio in Atlanta, Georgia, features 22 units across three buildings situated on contiguous lots totaling 1.3 acres. The complex has undergone extensive capital improvements, including a new roof, electrical system, plumbing, HVAC systems, insulation, drywall, ceilings, fencing, and gates. Parking is available. The apartments have been fully renovated with designer finishes, including new floors, tile, LED light fixtures with remote controls, kitchen cabinets, stainless steel appliances, kitchen sinks and faucets, bathroom tiles, vanities with faucets, and tubs. Laundry hookups are available in each unit. Located in a rapidly developing area, the property is three blocks from the Beltline and adjacent to a seven-acre site. The property offers strong income potential through steady rental cash flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DRIP CLOTHING BOUTIQUE Clothing Store Premier Tree Care Landscaping

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.433605
    Latitude
    33.763715

    Nearby Similar for Sale

    • $699,000
      4,525 SF

      Church Building in Strategic Location

      Church building for sale in a strategic location.
      2957 Glenwood Avenue SE, Atlanta, GA 30317
      View Details
    • $598,000
      2,742 SF

      Craftsman Farmhouse in Hampton Preserve

      Stunning Craftsman Farmhouse in Atlanta's Hampton Preserve neighborhood.
      2430 Rose Mill Court SW, Atlanta, GA 30311
      View Details
    • $600,000
      4,829 SF

      Free-Standing Retail Building in Atlanta

      4829 SF retail building on 0.314 acres, prime location.
      638 Dill Avenue SW, Atlanta, GA 30310
      View Details
    • $1,400,000
      6,048 SF

      Multi-Tenant Office Investment Opportunity

      Two Atlanta office buildings, 90% occupied, high-yield investment.
      2692 Harris Street, Atlanta, GA 30344
      View Details
    • $300,000
      1,198 SF

      Professional Office Condo in Atlanta

      Well-appointed office suite ideal for various professional uses.
      950 Dannon View SW, Atlanta, GA 30331
      View Details
    • $499,500
      1,120 SF

      Freestanding Retail/Restaurant Opportunity on Memorial Drive

      Versatile commercial building in high-traffic Atlanta corridor, ideal for retail/restaurant.
      1615 Memorial Drive SE, Atlanta, GA 30317
      View Details
    • $550,000
      600 SF

      Prime Atlanta Redevelopment Opportunity

      High-visibility site ideal for mixed-use or adaptive reuse development.
      226 Northside Drive SW, Atlanta, GA 30313
      View Details
    • $2,200,000
      4,250 SF

      Turnkey Restaurant and Bar Opportunity

      Fully equipped restaurant and bar in Atlanta's growing district.
      281 Peters Street SW, Atlanta, GA 30313
      View Details
    • $300,000
      1,198 SF

      Professional Office Condo in Atlanta

      Well-appointed office suite ideal for various professional services.
      950 Dannon View SW, Atlanta, GA 30331
      View Details
    • $499,000
      1,320 SF

      Turn-Key Atlanta BeltLine Production Suite

      Professionally soundproofed editing and production facility along the Atlanta BeltLine.
      934 Glenwood Avenue SE, Atlanta, GA 30316
      View Details
    • $339,000
      1,218 SF

      Riverside Retail Space For Sale

      Commercial condo in walkable Riverside streetscape, ideal for retail.
      2030 Main Street, Atlanta, GA 30318
      View Details
    • $1,000,000
      7,480 SF

      Dunwoody Office Building For Sale

      Well-maintained office building in Dunwoody, ideal for investors/owner-users.
      2394 Mt Vernon Road, Atlanta, GA 30338
      View Details

    FAQs

    What type of property is this?
    Apartment building - High-yield, fully renovated 22-unit multifamily portfolio near the Beltline.
    Where is this apartment building located?
    The property is located at 1425 Joseph E Boone Boulevard NW Atlanta, GA.
    What is the asking price?
    The asking price for this property is $3,630,000.
    What are key features of this property?
    This property features: Fully renovated complex featuring a new roof, electrical, plumbing, HVAC, insulation, drywall, ceilings, fencing, and parking.; High‑yield multifamily portfolio with 22 units on 1.3 acres.; Located just 3 blocks from the Beltline in a rapidly developing area with 7 acres adjacent.
    (470) 554-4633
    We can help!
    Listing Contact
    Yovi Stanchevska
    Real Estate License ID: 427187
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!