Five-Plex Apartment Building Corner
For Sale
$1,000,000
811 Saint Charles Avenue NE, Atlanta, GA 30306
MULTI_FAMILY - Atlanta, GA
Property Size4,000 SF
Lot Size0.17 Acres
Price / SF$250
Days on Market54
Property Features for 811 Saint Charles Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
4
Parking features
Off Street
Fireplace
1
Subdivision
Virgina HighlandsVirginia-Highland Eleme
Elementary school
Virginia Highland
Middle school
David T Howard
High school
Grady
Directions
From I-85 / I-75 exit 248C toward GA-10 E/John Lewis Freedom Pkwy NE. Continue onto GA-10 E/John Lewis Freedom Pkwy NE. Turn left onto US-278 W/Ponce De Leon Ave NE. Turn right onto Bonaventure Ave NE. Turn right onto St Charles Ave NE. Destination will be on the right. .
Standard status
Active
APN
14 001700090342
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14063
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric, Ceiling Fan(s)
Water source
Public
Amenities
shared laundry room
Building Details
Year built
1920
Floors in Building
3
Number of units
5
Building materials
Brick, Concrete
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 632-1112
Listed By:
Tonya Byrd
(770) 823-5786
Added: Jun 20
Changed: Aug 1
Last Checked: Aug 12 at 3:06AM
MLS# 10791463
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.
Apartment buildings investment opportunity: a five-unit multifamily property built in 1920 with brick and concrete construction and a basement level. The interior offers five units with varying sizes and areas of TLC required per unit, including a loft-style unit positioned above Unit 4. Several units feature original historic elements such as hardwood floors, classic bathroom tile, and fireplaces. A dedicated shared laundry room is located in the basement for residents.
The property sits on a corner lot with alleyway access that leads to four dedicated parking slots in the rear, along with ample neighborhood street parking. Utilities include public water and public sewer. Heating is central natural gas, and cooling includes electric and ceiling fans.
The property is described as having approximately 4,000+ total square feet. It is located within the Atlanta Public Schools Midtown Cluster, zoned for Virginia-Highland Elementary, David T. Howard Middle School, and Midtown High School.
The property sits on a corner lot with alleyway access that leads to four dedicated parking slots in the rear, along with ample neighborhood street parking. Utilities include public water and public sewer. Heating is central natural gas, and cooling includes electric and ceiling fans.
The property is described as having approximately 4,000+ total square feet. It is located within the Atlanta Public Schools Midtown Cluster, zoned for Virginia-Highland Elementary, David T. Howard Middle School, and Midtown High School.
Key Highlights
- Five‑unit apartment building on a corner lot with basement laundry room
- Brick and concrete construction built in 1920
- Approximately 4,000+ total square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,121
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$882,420
$882.4K
Cap Rate 7%
$630,300
$630.3K
Cap Rate 9%
$490,233
$490.2K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$84.0K $21.00/SF
− Vacancy
−$3.8K −$0.95/SF
EGI
$80.2K $20.06/SF
− OpEx
−$36.1K −$9.02/SF
NOI
$44.1K $11.03/SF
Area
Atlanta, GA
Vacancy
4.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$882,420
Cap Rate 7%
$630,300
Cap Rate 9%
$490,233
Alternative Uses
Best Use
Apartment 5plus
$630.3K
$551.5K – $735.4K
NOI $44,121 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$978.4K – $1.30M
NOI $78,271 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,815
Businesses Nearby
Explore this area
Business Placement
Demographics for 30306, GA
25,053
Population
12,182
Households
2.1
Avg Household Size
36
Median Age
83%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
5,446
Density / Sq Mi
$133,085
Median Household Income
$82,692
Median Earnings
$1,796
Median Rent
$797,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building on a corner lot with basement laundry, central natural gas heat, and four rear off-street parking spots.
Where is this apartment building located?
The property is located at 811 Saint Charles Avenue NE Atlanta, GA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Five‑unit apartment building on a corner lot with basement laundry room; Brick and concrete construction built in 1920; Approximately 4,000+ total square feet
