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Four-Unit Residential Income Property
For Sale
$479,900

5002 Park Avenue, Forest Park, GA 30297

MULTI_FAMILY - Forest Park, GA

Property SizeContact for details
Lot Size0.22 Acres
Days on Market84

Property Features for 5002 Park Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Directions use GPS
Standard status Active
APN 13050D J001
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6110

Utilities

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

Building Details

Year built 1947
Floors in Building 1
Number of units 4
Building materials Vinyl Siding
Listing Agency: Keller Williams Realty
Listed By: Alex Gaston · License #397224
Added: May 21 Changed: Jul 18 Last Checked: Aug 12 at 9:06AM
MLS# 10772279

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.

Investment Insights

Based on property information with market context.

This for-sale residential income property includes a triplex with two 2BR/1BA units and one 1BR/1BA unit, along with a detached 1BR/1BA cottage on a corner lot. Rental income is currently reported at approximately $4,200 per month. Recent improvements include a newer roof and siding (approximately 2018), new windows (2020), and updated HVAC systems with multiple updated furnaces, plus renovated interiors in select units. The detached cottage also received a full HVAC upgrade in 2022.

The property is located in Forest Park, Georgia, and is described as minutes from Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, and I-75, providing convenient regional access.

The existing layout offers four separate rental units across the main structure and detached cottage, supported by documented mechanical and select interior updates.

Key Highlights

  • Triplex plus detached 1BR/1BA cottage on a corner lot, generating approximately $4,200/month in rental income
  • Unit mix: two 2BR/1BA units and one 1BR/1BA unit, plus a detached 1BR/1BA cottage
  • Major updates include newer roof and siding (approx. 2018)

Property Analytics

Current Use

Starr Park Tennis ... Sports Field & Court

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

677
Businesses Nearby

Demographics for 30297, GA

29,669
Population
11,438
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
75%
High-School Grad
11.0 sq mi
ZIP Area
2,697
Density / Sq Mi
$45,975
Median Household Income
$34,330
Median Earnings
$1,144
Median Rent
$121,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Quadplex - Triplex plus a detached 1BR/1BA cottage on a corner lot, with multiple interior and exterior upgrades.
Where is this quadplex located?
The property is located at 5002 Park Avenue Forest Park, GA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Triplex plus detached 1BR/1BA cottage on a corner lot, generating approximately $4,200/month in rental income; Unit mix: two 2BR/1BA units and one 1BR/1BA unit, plus a detached 1BR/1BA cottage; Major updates include newer roof and siding (approx. 2018)
More about this property
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