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    208 Doane St, Unit 10 Atlanta, GA 30315

    New
    For Sale
    $1,395,000

    MULTI_FAMILY - Atlanta, GA

    Lot size:
    0.22 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 208 Doane St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    14 007400020828
    Lot size
    0.22 Acres

    Utilities

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

    Building Details

    Year built
    1955
    Floors in Building
    1
    Building materials
    Brick

    Atlanta Leasing & Investment (404) 348-4448 [email protected]

    Listing agent Stephan Dickie (404) 348-4448

    Listing date Dec 2, 2025

    MLS# 10482025 Listing URL

    Copyright © 2025 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 Investment Opportunity

    This 10-unit multifamily property is located in Atlanta, Georgia, just 5 minutes from Georgia State University and steps from the Summerhill neighborhood. The property offers access to I-85, providing connectivity to Downtown Atlanta. The property generates cash flow, with recent rent increases. Market rents in the area range from $1,400 to $1,800 per month. There is a value-add opportunity with strategic unit updates upon turnover to maximize rental income. Interior renovations estimated at $200,000 to $300,000 and exterior renovations estimated at $100,000 were completed between 2017 and 2018. The property is operating at approximately a 7% cap rate, with the potential to reach 8% at market rents. The lot size is 0.219 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Doane Street Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.394868
    Latitude
    33.730751

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    FAQs

    What type of property is this?
    Apartment building - 10-unit property near Georgia State University with value-add potential.
    Where is this apartment building located?
    The property is located at 208 Doane St, Unit 10 Atlanta, GA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: - Strong immediate cash flow with potential to increase cap rate from 7% to 8% at market rents.; - Prime location: 5 minutes from Georgia State University and steps from the Summerhill neighborhood.; - Value-add opportunity through strategic unit updates upon turnover to maximize rental income.
    (404) 348-4448
    Request Owner's contact information
    208 Doane St, Unit 10 Atlanta, GA 30315
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    Atlanta, GA 30315
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    Realmo Value Estimation

    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.

    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.

    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
    208 Doane St, Unit 10 Atlanta, GA 30315
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