East Cobb Multi-Family
1716 Nekoma Street, Marietta, GA 30068
MULTI_FAMILY - Marietta, GA
Property size:
2,283 SFLot size:
0.26 AcresPrice / SF:
$284/SF- Added:
- Apr 9, 2026
- Days on Market:
- 53
- Last Refresh:
- May 31 at 5:06 am
Property Features for 1716 Nekoma Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Parking Lot, Driveway
- Window features
- Double Pane Windows
- Standard status
- Active
- Size
- 2,283 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3799
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Carpet, Vinyl
- Building materials
- Cement Siding
- Roof type
- Composition
Listing agent MELIDA POTTS License #124865 (770) 396-6100
Listing office Potts Realty Inc. 1733 Mount Vernon Rd Suite 200, Dunwoody, GA (770) 396-6100
Listing date Apr 9, 2026
MLS# 7751214
Listing URL
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two detached, updated ranch homes on one lot: ideal for investors or multi‑generational living.
- Six bedrooms and four baths total: provides ample space and privacy, including master ensuites.
- Updated kitchens with granite counters and stainless appliances.
- Move‑in ready condition with new paint, vinyl flooring, and carpet.
- Convenient East Cobb location: easy access to highways, The Battery, shopping, dining, and entertainment.
- Large, shaded corner lot with plentiful parking.
Overview
This property presents an opportunity in East Cobb, Georgia, suitable for investors, large families, or multi-generational living. It features two detached, updated ranch homes, designated as Units A and B, totaling 2283 square feet, situated on a 0.258-acre corner lot. Each home includes 3 bedrooms and 2 baths, with a master ensuite in each unit, resulting in a total of 6 bedrooms and 4 baths across both residences. The kitchens are equipped with granite counters, stainless steel appliances, upgraded cabinetry, and a pantry. Each home also has a spacious family room and includes a washer and dryer. The bathrooms have been updated with modern tile, vanities, and fixtures. Additional features include new paint, vinyl flooring, and carpet. The property offers a large, shaded yard and plentiful parking. Its location provides easy access to highways, The Battery, shopping, dining, and entertainment.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.7k | $22.20 |
| − Vacancy | −$3.3k | −$1.44 |
| EGI | $47.4k | $20.76 |
| − OpEx | −$14.2k | −$6.23 |
| NOI | $33.2k | $14.53 |
2,283 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$473.9K
$414.7K – $552.9K
NOI $33,172 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$438.1K
$383.4K – $511.2K
NOI $30,670 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$641.1K
$560.9K – $747.9K
NOI $44,875 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Marietta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.50261
- Latitude
- 33.952716
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two updated homes on one lot in East Cobb!
Where is this duplex located?
The property is located at 1716 Nekoma Street Marietta, GA.
What is the asking price?
The asking price for this property is $649,700.
What are key features of this property?
This property features: Two detached, updated ranch homes on one lot: ideal for investors or multi‑generational living.; Six bedrooms and four baths total: provides ample space and privacy, including master ensuites.; Updated kitchens with granite counters and stainless appliances.
