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19-Unit Apartment Portfolio

1185 Lucile Avenue Southwest, Atlanta, GA 30310

For Sale
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Three residential properties have an established tenant base and approval to accept Atlanta Housing Authority vouchers.

Property SizeContact for details
Days on Market17

Property Features for 1185 Lucile Avenue Southwest

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Neighborhood West End
Public Transit Yes

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Multifamily Units 19

Building Details

Buildings 3
Listing Agency: Compass
Listed By: Kesha Williams · License GA #325434
Source: Crexi
Added: Oct 29 Changed: Nov 8 Last Checked: Nov 12 at 7:34AM

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 19-unit multifamily portfolio includes three properties in Southwest Atlanta. An established tenant base currently generates rental income, and the properties are approved to accept Atlanta Housing Authority housing vouchers.

The portfolio is near the Atlanta BeltLine Westside Trail, the historic West End, Atlanta University Center Consortium, Morehouse School of Medicine, West End MARTA Station, Downtown Atlanta, and Hartsfield-Jackson Atlanta International Airport.

Area projects include the planned redevelopment of the former Mall West End as One West End, envisioned to include approximately 900 residential units along with retail, dining, neighborhood services, and public gathering spaces. Redevelopment is also proposed at Murphy Crossing, with further investment described around the Westside Trail.

Key Highlights

  • 19 multifamily units across three properties
  • Established tenant base generating rental income
  • Approved to accept Atlanta Housing Authority housing vouchers

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

19
Residential units

Location Intelligence

Trade Area within ½ mile

1,297
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Atlanta, GA

$261 Jul
$254 Aug
$258 Sep
$233 Oct

Properties on Market for Apartment buildings in Atlanta

Jul
Aug
Sep
Oct

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?
Apartment building - Three residential properties have an established tenant base and approval to accept Atlanta Housing Authority vouchers.
Where is this apartment building located?
The property is located at 1185 Lucile Avenue Southwest Atlanta, GA.
What is the asking price?
The asking price for this property is $2,397,000.
What are key features of this property?
This property features: 19 multifamily units across three properties; Established tenant base generating rental income; Approved to accept Atlanta Housing Authority housing vouchers
(678) 677-0364 Call to check price and availability
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