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

    699 Argonne Ave NE Atlanta, GA 30308

    View on Map
    Sponsored
    For Sale
    $1,295,000

    MULTI_FAMILY - Atlanta, GA

    Lot size:
    0.01 Acres
    Days on Market:
    12
    Last Refresh:
    Mar 13 at 9:06 am

    Property Features for 699 Argonne Ave NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Aluminum Frames
    APN
    14 004800051750
    Parking
    1
    Parking features
    Parking Lot
    Lot size
    0.01 Acres

    Utilities

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

    Building Details

    Year built
    1955
    Floors in Building
    3
    Number of units
    12
    Flooring type
    Tile - Ceramic, Laminate
    Building materials
    Brick 4 Sides
    Roof type
    Composition

    We can help!

    Listing Contact
    Nancy Harris Keenan
    Nancy Harris Keenan

    Peachtree Road Realty Associates LLC (404) 419-3501

    Listing agent NANCY HARRIS KEENAN (404) 275-1181

    Listing date Mar 1, 2026

    MLS# 7610019 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.

    Learn more

    Property Insight Report

    Overview

    Midtown Atlanta Multifamily Investment Opportunity

    This multifamily property presents an investment opportunity in the heart of Midtown Atlanta, Georgia. The offering includes 7 out of 12 units within the Terraces at Argonne. The property benefits from off-street parking and close proximity to various amenities and landmarks. Piedmont Park is located 7 blocks away, while Georgia Tech is 1.2 miles from the property, and Georgia State University is 1.7 miles away. Emory University is situated 3.9 miles away. The Atlanta BeltLine is 0.9 miles away, and Ponce City Market and The Fabulous Fox Theatre are both 5 blocks away. The North Avenue MARTA Station is 6 blocks away. The location provides access to a variety of grocery stores, restaurants, bars, and cafes. The property is situated on a lot of 0.014 acres in Fulton County. This property is suitable for investors seeking to expand their portfolio in a high-demand rental market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Law Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.37742
    Latitude
    33.773609

    Nearby Similar for Sale

    • $999,900
      5,600 SF

      Atlanta Commercial Property with Redevelopment Potential

      Two-building commercial property with investment and redevelopment opportunities in Atlanta.
      2667 Donald Lee Hollowell Pkwy, Atlanta, GA 30318
      View Details
    • $870,000
      3,464 SF

      Corner Redevelopment Opportunity in Atlanta

      Prime corner lot with redevelopment potential in Atlanta, Georgia.
      2410 Metropolitan Pkwy SW, Atlanta, GA 30315
      View Details
    • New
      $339,000
      1,218 SF

      Riverside Retail Space For Sale

      Commercial condo in walkable Riverside streetscape, Atlanta.
      2030 Main St, Atlanta, GA 30318
      View Details
    • $1,000,000
      7,480 SF

      Dunwoody Office Building For Sale

      Well-maintained office building in Dunwoody, ideal for investors/owner-users.
      2394 Mount Vernon Rd, Atlanta, GA 30338
      View Details
    • $600,000
      4,829 SF

      Free-Standing Retail Building in Atlanta

      4829 SF retail building on 0.314 acres, prime location.
      638 Dill Ave SW, Atlanta, GA 30310
      View Details
    • $300,000
      1,198 SF

      Professional Office Condo in Atlanta

      Well-appointed office suite ideal for various professional services.
      950 Dannon Vw SW, Atlanta, GA 30331
      View Details
    • $650,000
      600 SF

      Prime Atlanta Redevelopment Opportunity

      High-visibility mixed-use redevelopment site near downtown Atlanta.
      226 Northside Dr SW, Atlanta, GA 30313
      View Details
    • $650,000
      600 SF

      Prime Atlanta Redevelopment Opportunity

      Redevelopment site in the heart of Atlanta's momentum.
      226 Northside Dr SW, Atlanta, GA 30313
      View Details
    • $379,000
      1,416 SF

      Buckhead Office Condo For Sale

      Prime 1,416 SF office condo in the heart of Buckhead.
      3017 Piedmont Rd NE, Atlanta, GA 30305
      View Details
    • $850,000
      2,800 SF

      West Midtown Flex Retail Showroom

      2,800 SF leased flex space in Upper West Midtown.
      1422 Woodmont Ln NW, Atlanta, GA 30318
      View Details
    • $600,000
      4,849 SF

      Free Standing Retail Building Opportunity

      Retail/office building with high visibility, development potential in growing Atlanta.
      638 Dill Ave SW, Atlanta, GA 30310
      View Details
    • $980,000
      4,180 SF

      Atlanta Automotive Body Garage ForSale

      Automotive body garage and business for sale in Atlanta.
      934 Metropolitan Pkwy SW, Atlanta, GA 30310
      View Details

    FAQs

    What type of property is this?
    Apartment building - Seven units in a prime Midtown location near key attractions.
    Where is this apartment building located?
    The property is located at 699 Argonne Ave NE Atlanta, GA.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Prime Midtown Atlanta Location: Unbeatable proximity to Piedmont Park, Ponce City Market, The Fox Theatre, and the Atlanta BeltLine.; - Strong Rental Market: High demand location surrounded by grocery stores, restaurants, bars, and local hotspots.; - Investment Opportunity: Rare chance to own 7 out of 12 units, with potential to acquire all 12.
    (404) 275-1181
    Request Owner's contact information
    699 Argonne Ave NE Atlanta, GA 30308
    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.
    699 Argonne Ave NE
    Atlanta, GA 30308
    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
    699 Argonne Ave NE Atlanta, GA 30308
    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

    We can help!
    Listing Contact
    Nancy Harris Keenan
    Nancy Harris Keenan
    (404) 275-1181 (404) 419-3500 (404) 419-3503
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!