Fully Rented Duplex
1138 Sells Avenue Southwest Unit 2 Atlanta, GA 30310
For Sale
$1,000,000
Duplex is fully rented, offering income potential and flexible future use considerations.
Property Size5,934 SF
Price / SF$168.52
Days on Market216
Property Features for 1138 Sells Avenue Southwest Unit 2
General Information
- Standard status
- Active
- Size
- 5,934 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1930
Listing Agency:
Chapman Hall Realtors Atl. N.
(770) 218-2624
Listed By:
Marilyn Atkinson · License #312075
(770) 218-2624
Source:
Compass
Added: Dec 19, 2025
Changed: Jul 22
Last Checked: Jul 22 at 3:47AM
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 Chapman Hall Realtors Atl. N.
Investment Insights
Based on property information with market context.
This for-sale duplex is currently fully rented, creating an income-producing setup for an owner-operator or investor. The property is presented as having additional flexibility for future reconfiguration, with the possibility of being set up for uses such as a personal care facility or housing.
The property is located at 1138 Sells Avenue Southwest in Atlanta. The public remarks note proximity to Clark Atlanta University, Morehouse College, Spelman College, Rusk Park, and the YMCA.
Showings are by appointment only, and please do not disturb occupants. The listing notes that the agent/owner is a licensed real estate agent in the State of Georgia.
The property is located at 1138 Sells Avenue Southwest in Atlanta. The public remarks note proximity to Clark Atlanta University, Morehouse College, Spelman College, Rusk Park, and the YMCA.
Showings are by appointment only, and please do not disturb occupants. The listing notes that the agent/owner is a licensed real estate agent in the State of Georgia.
Key Highlights
- Duplex is fully rented, providing ongoing income potential.
- Two‑story duplex built in 1930 with cedar and wood siding construction.
- Central heating and natural gas hot water; cooling includes ceiling fan(s), other, and window unit(s).
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.8k | $18.00 |
| − Vacancy | −$5.9k | −$0.99 |
| EGI | $100.9k | $17.01 |
| − OpEx | −$30.3k | −$5.10 |
| NOI | $70.7k | $11.91 |
5,934 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.2K – $1.18M
NOI $70,656 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$935.1K
$818.2K – $1.09M
NOI $65,454 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,115 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex is fully rented, offering income potential and flexible future use considerations.
Where is this duplex located?
The property is located at 1138 Sells Avenue Southwest Unit 2 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: Duplex is fully rented, providing ongoing income potential.; Two‑story duplex built in 1930 with cedar and wood siding construction.; Central heating and natural gas hot water; cooling includes ceiling fan(s), other, and window unit(s).
