8-Unit Brick Apartment
For Sale
$949,000
1174 Lucile Ave Sw, Atlanta, GA 30310
The two-story property includes a basement, a private parking area and eight two-bedroom, one-bathroom apartments.
Property Size7,352 SF
Lot Size0.51 Acres
Price / SF$129.08
Days on Market8
Property Features for 1174 Lucile Ave Sw
General Information
Standard status
Active
Size
7,352 SF
Lot size
0.51 Acres
Property subtype
Residential Income
Site & Location
Neighborhood
West End
Public Transit
Yes
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$11,706
Amenities
private on-site parking area
Building Details
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Compass
(404) 668-6621
Listed By:
Kesha Williams · License #325434
(678) 677-0364
Source:
Exprealty
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 28 at 9:18AM
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 Compass
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Investment Insights
Based on property information with market context.
This two-story brick apartment building contains eight two-bedroom, one-bathroom units across approximately 7,352 square feet. The property occupies an approximately 0.51-acre lot and includes a basement and private on-site parking. Atlanta Housing Authority housing vouchers are accepted at the property.
The building is near the Westside Trail, West End MARTA Station and Atlanta University Center, with access to Downtown Atlanta and the West End corridor. The property may be acquired individually or with two other Southwest Atlanta properties as part of a 19-unit portfolio.
The building is near the Westside Trail, West End MARTA Station and Atlanta University Center, with access to Downtown Atlanta and the West End corridor. The property may be acquired individually or with two other Southwest Atlanta properties as part of a 19-unit portfolio.
Key Highlights
- Eight apartments, each configured with two bedrooms and one bathroom
- Approximately 7,352 square feet in a two‑story brick building
- Approximately 0.51‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,094
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,621,880
$1.6M
Cap Rate 7%
$1,158,486
$1.2M
Cap Rate 9%
$901,044
$901.0K
Market Conditions
NOI Build-Up for 7,352 SF
Gross rent
$154.4K $21.00/SF
− Vacancy
−$6.9K −$0.95/SF
EGI
$147.4K $20.06/SF
− OpEx
−$66.3K −$9.02/SF
NOI
$81.1K $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 Rate 5%
$1,621,880
Cap Rate 7%
$1,158,486
Cap Rate 9%
$901,044
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,094 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $143,862 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
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Business Placement
Demographics for 30310, GA
27,365
Population
14,033
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,182
Density / Sq Mi
$45,542
Median Household Income
$36,726
Median Earnings
$1,099
Median Rent
$295,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The two-story property includes a basement, a private parking area and eight two-bedroom, one-bathroom apartments.
Where is this apartment building located?
The property is located at 1174 Lucile Ave Sw Atlanta, GA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Eight apartments, each configured with two bedrooms and one bathroom; Approximately 7,352 square feet in a two‑story brick building; Approximately 0.51‑acre lot
