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Renovated 4-Unit Quadplex
For Sale
$649,000

1061 Martin Luther King Jr Dr Nw, Atlanta, GA 30314

Recently renovated, fully occupied property with Section 8 tenancy near MARTA and major Atlanta destinations.

Property SizeContact for details
Days on Market59

Property Features for 1061 Martin Luther King Jr Dr Nw

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Additional Details

Gross Income $79,200
Public Transit Yes

Taxes and HOA fees

Annual Taxes $4,852

Building Details

Buildings 1
Listing Agency: EXP Realty, LLC.
Listed By: Jim Stern
Source: Exprealty
Added: Aug 19 Changed: Oct 4 Last Checked: Oct 16 at 1:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC.

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Investment Insights

Based on property information with market context.

This renovated quadplex contains four one-bedroom, one-bathroom units and is currently fully occupied. The property has Section 8 tenancy, with leases available for buyer review during due diligence. Unit previews are available after an accepted contract is in place.

Located at 1061 Martin Luther King Jr Dr Nw in Atlanta, the property is within walking distance of the BeltLine, Washington Park, and a MARTA station. The owner may also deliver the building with one unit vacant for a buyer planning to occupy a unit.

Key Highlights

  • Four one‑bedroom, one‑bathroom units
  • Fully occupied quadplex with Section 8 tenancy
  • Recently renovated building

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm HVAC Service Bakery (Bike/Boat/Book/etc) Store

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

747
Businesses Nearby

Demographics for 30314, GA

20,598
Population
9,900
Households
2.1
Avg Household Size
29
Median Age
30%
College-Educated
84%
High-School Grad
4.6 sq mi
ZIP Area
4,478
Density / Sq Mi
$36,870
Median Household Income
$24,810
Median Earnings
$991
Median Rent
$210,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Recently renovated, fully occupied property with Section 8 tenancy near MARTA and major Atlanta destinations.
Where is this quadplex located?
The property is located at 1061 Martin Luther King Jr Dr Nw Atlanta, GA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom units; Fully occupied quadplex with Section 8 tenancy; Recently renovated building
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