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    5002 Park Ave Forest Park, GA 30297

    Under Contract
    For Sale
    $520,000

    MULTI_FAMILY - Forest Park, GA

    Lot size:
    0.22 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 5002 Park Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    13050D J001
    Lot size
    0.22 Acres

    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

    Keller Williams Realty Intown Atlanta (404) 541-3500 [email protected]

    Listing agent Alex Gaston (404) 541-3500

    Listing date Nov 21, 2025

    MLS# 10647483 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

    Forest Park Investment Opportunity

    This Forest Park property presents an investment opportunity, featuring a triplex and a detached one-bedroom, one-bathroom cottage situated on a corner lot. The triplex includes two two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Unit B has been updated with a refreshed kitchen, updated flooring, and a Jack-and-Jill layout. Unit A also features an updated kitchen, flooring, and bathroom. In 2022, the detached cottage received a full HVAC upgrade. Additional improvements include a newer roof and siding installed around 2018, all triplex AC units replaced in 2020, multiple newer furnaces, new windows installed in 2020, and a new sliding door in Unit B. The property generates a current income of $4,650 per month. Two tenants are currently on month-to-month leases. Located near downtown Forest Park, I-75, and Hartsfield-Jackson Airport, the property is suitable for investors seeking a multi-unit property with cash flow and future potential. The lot size is 0.22 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Starr Park Tennis ... Tennis Court

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    Clayton
    State
    Georgia
    Longitude
    -84.363842
    Latitude
    33.617969

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    FAQs

    What type of property is this?
    Quadplex - Triplex plus cottage near downtown Forest Park and airport.
    Where is this quadplex located?
    The property is located at 5002 Park Ave Forest Park, GA.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: - Strong rental income of $4,650/month with immediate upside potential.; - Triplex plus detached 1BR/1BA cottage on a corner lot.; - Recent updates including refreshed kitchens, updated flooring, and new windows (2020).
    (404) 541-3500
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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
    5002 Park Ave Forest Park, GA 30297
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