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

    2061 Marshes Glenn Drive Norcross, GA 30071

    View on Map
    Claim this Listing
    New
    Picture of Single family properties at 2061 Marshes Glenn Drive, Norcross, GA
    For Sale
    $380,000

    MULTI_FAMILY - Norcross, GA

    Lot size:
    0.19 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 15 at 7:06 pm

    Property Features for 2061 Marshes Glenn Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Fireplace
    1
    Standard status
    Active
    APN
    R6224 273
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5756

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    2
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Marta Cleveland
    Marta Cleveland

    Listing agent Marta Cleveland License #359632

    Listing office Keller Williams Realty First Atlanta 200 Glenridge Point Pkwy S-100, Atlanta, GA

    Listing date Apr 14, 2026

    MLS# 10732020 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

    Income-Producing Home in Norcross, GA

    This turnkey, income-producing property is a 3-bedroom, 2-bath bi-level home that is fully tenant-occupied. It offers immediate and stable cash flow. Located in a high-demand area of Norcross, Georgia, the property features a flexible layout with a finished lower level. It is situated near I-85, shopping, dining, and major employment hubs. This property is suitable for cash investors seeking a low-maintenance, income-producing asset. The lot size is 0.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.207123
    Latitude
    33.9327

    Nearby Similar for Sale

    • $1,169,000
      4,192 SF

      Professional Office Building in Norcross

      4,192 SF office building in a unique wooded setting.
      783 Holcomb Bridge Road, Norcross, GA 30071
      View Details
    • $1,250,000

      Historic Home, Commercial Potential

      Historic home with commercial zoning in desirable Norcross location.
      76 Jones Street, Norcross, GA 30071
      View Details
    • $850,000

      Norcross Quadraplex Investment Opportunity

      Well-maintained quadraplex in Gwinnett County with long-term tenants.
      5360 Century Trace, Norcross, GA 30093
      View Details
    • $850,000

      Well-Maintained Quadraplex in Norcross, GA

      Fully occupied quadraplex with long-term residents near Jimmy Carter.
      5360 Century Trace, Norcross, GA 30093
      View Details
    • $1,300,000

      Historic Downtown Norcross Commercial Gem

      Prime location, fully leased, updated systems, and buildout potential.
      35 S Peachtree Street, Norcross, GA 30071
      View Details
    • $2,995,000
      15,500 SF

      Norcross Flex Warehouse For Sale

      Flex warehouse on 2.43 acres near major interstates.
      853 S Peachtree Street #107, Norcross, GA 30071
      View Details
    • $1,169,000
      4,192 SF

      Professional Office Building in Norcross

      4,192 SF office building in a wooded setting.
      783 Holcomb Bridge Road, Norcross, GA 30071
      View Details
    • $5,150,000
      20,622 SF

      Gwinnett County Flex Building For Sale

      20,622 SF industrial/office/flex building in Gwinnett County.
      3005 Business Park Dr, Norcross, GA 30071
      View Details
    • $1,595,000
      7,500 SF

      Office and Production Space Available

      7,500± SF office/production space with warehouse and convenient access.
      1410 Indian Trail Lilburn Rd, Norcross, GA 30093
      View Details
    • $1,250,000
      3,000 SF

      Historic Home with Commercial Potential

      Versatile property in a desirable location with flexible income potential.
      76 Jones Street, Norcross, GA 30071
      View Details
    • $1,595,000
      7,500 SF

      Office and Production Space Available

      7,500± SF office/production space with warehouse and convenient access.
      1410 Indian Trail Lilburn Rd, Norcross, GA 30093
      View Details
    • $350
      8,064 SF

      Renovated Office Space Available

      Recently renovated office property with flexible leasing options.
      4047 Holcomb Bridge Road, Norcross, GA 30092
      View Details

    FAQs

    What type of property is this?
    Single family property - Tenant-occupied 3-bedroom home in high-demand Norcross area.
    Where is this single family property located?
    The property is located at 2061 Marshes Glenn Drive Norcross, GA.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: Turnkey, tenant‑occupied property provides immediate and stable cash flow.; Located in a high‑demand Norcross area.; Convenient access to I‑85, shopping, dining, and major employment hubs.
    (404) 330-7160
    We can help!
    Listing Contact
    Marta Cleveland
    Marta Cleveland
    Real Estate License ID: 359632
    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!