10-Unit Apartment
New
For Sale
$575,000
1181 garibaldi Street SW, Atlanta, GA 30310
Atlanta, GA
Property Size3,456 SF
Lot Size0.12 Acres
Price / SF$166.38
Days on Market2
Property Features for 1181 garibaldi Street SW
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
3,456 SF
Lot size
0.12 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Building Details
Year built
1945
Listing Agency:
Buckhead Office · Berkshire Hathaway HomeServices
(404) 537-5200
Listed By:
Tamara Daniel · License #410457
(404) 436-9749
Added: Oct 29
Last Checked: Oct 30 at 11:06PM
MLS# 10881212
Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 10-unit apartment building contains 3,456 square feet on a 0.115-acre parcel. Built in 1945, it has block construction and a metal roof. Gas and electricity are separately metered for each unit. All apartments are vacant, and renovation and future occupancy requirements warrant verification.
The property is in Atlanta’s Pittsburgh neighborhood, near Pittsburgh Yards and the Southside Trail of the Atlanta BeltLine. Hartsfield-Jackson Atlanta International Airport is approximately 7 miles away. A 13.7-acre site at 356 University Avenue, next to Pittsburgh Yards, has a planned redevelopment envisioned to include affordable housing, commercial uses, and job creation.
The property is in Atlanta’s Pittsburgh neighborhood, near Pittsburgh Yards and the Southside Trail of the Atlanta BeltLine. Hartsfield-Jackson Atlanta International Airport is approximately 7 miles away. A 13.7-acre site at 356 University Avenue, next to Pittsburgh Yards, has a planned redevelopment envisioned to include affordable housing, commercial uses, and job creation.
Key Highlights
- 10 vacant apartments in a 3,456‑square‑foot building
- Built in 1945 on a 0.115‑acre parcel
- Block construction and metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,121
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,420
$762.4K
Cap Rate 7%
$544,586
$544.6K
Cap Rate 9%
$423,567
$423.6K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$72.6K $21.00/SF
− Vacancy
−$3.3K −$0.95/SF
EGI
$69.3K $20.06/SF
− OpEx
−$31.2K −$9.02/SF
NOI
$38.1K $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%
$762,420
Cap Rate 7%
$544,586
Cap Rate 9%
$423,567
Alternative Uses
Best Use
Apartment 5plus
$544.6K
$476.5K – $635.4K
NOI $38,121 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.1K
$845.3K – $1.13M
NOI $67,626 @ 7.0% cap · market cap 11.76%
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
10
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Every apartment is vacant, allowing the next owner to plan improvements and future leasing.
Where is this apartment building located?
The property is located at 1181 garibaldi Street SW Atlanta, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 10 vacant apartments in a 3,456‑square‑foot building; Built in 1945 on a 0.115‑acre parcel; Block construction and metal roof
