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    Modern Condo in Atlanta's West End Title is generated by Realmo AI

    898 Oak Street, Atlanta, GA 30310

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    Claim this Listing
    For Sale
    Under Contract
    $120,000

    MULTI_FAMILY - Atlanta, GA

    Lot size:
    0.02 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    46
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 898 Oak Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    14 0108 LL1563
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2690

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    2007
    Floors in Building
    2
    Number of units
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Empowerhome Team Atlanta

    Listing agent Empowerhome Team Atlanta

    Listing office Keller Williams Realty First Atlanta 200 Glenridge Point Pkwy S-100, Atlanta, GA

    Listing date Apr 21, 2026

    MLS# 10754895 Listing URL

    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.

    HighLights

    • Tenant in place and interested in remaining, providing immediate rental income and ROI potential.
    • Prime location in Atlanta's West End, walking distance to universities and West End Mall, with proximity to the BeltLine, Lee + White district, and Downtown attractions.
    • Modern 1‑bedroom condo with hardwood floors, high ceilings, stainless steel appliances, and a private balcony with city views.
    • Secure, gated community with assigned parking and professional property management handling maintenance, trash, and insurance.
    • Amenities include an outdoor swimming pool, full fitness center, and clubhouse.
    • Built in 2007, featuring brick construction, central air, and public water/sewer.

    Overview

    Located in the historic West End of Atlanta, this modern 1-bedroom, 1-bath condo at Sky Lofts features hardwood floors, high 9-10 ft ceilings, and city skyline views from a private balcony. The kitchen is equipped with stainless steel appliances. The property is part of a secure, gated community with assigned parking. Community amenities include an outdoor swimming pool, a full fitness center, and a clubhouse. The property is professionally managed, handling trash, maintenance, and insurance. Situated on a lot of approximately 0.018 acres, the condo is within walking distance of Morehouse, Spelman, Clark Atlanta, and West End Mall, and it is also just minutes away from the Atlanta BeltLine and the Lee + White food and brewery district. It offers quick access to Mercedes-Benz Stadium and Downtown Atlanta. The property presents an investment opportunity with a tenant already in place who would like to remain.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nails Inspo & Spa Nail Salon Hair Loft Atlanta Hair Salon Sky Lofts Condominium Complex THANK GOD EVERY ... Corporate Office Prestige Tax & Business ... Tax Preparation

    Suggested Use

    Real Estate Agency Law Firm Dental Office Spa & Massage Center Restaurant Building Supply Hair Salon Nail Salon Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.417212
    Latitude
    33.739069

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    FAQs

    What type of property is this?
    Residential income property - Luxury 1-bedroom condo in a vibrant, historic Atlanta location.
    Where is this residential income property located?
    The property is located at 898 Oak Street Atlanta, GA.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Tenant in place and interested in remaining, providing immediate rental income and ROI potential.; Prime location in Atlanta's West End, walking distance to universities and West End Mall, with proximity to the BeltLine, Lee + White district, and Downtown attractions.; Modern 1‑bedroom condo with hardwood floors, high ceilings, stainless steel appliances, and a private balcony with city views.
    (400) 499-1652
    We can help!
    Listing Contact
    Empowerhome Team Atlanta
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    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.

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