Renovated Multifamily Investment
2474 Moreland Avenue Atlanta, GA 30315
2474 Moreland Avenue, Atlanta, GA, 30315
$1,000,000
For Sale
$1,000,000
Four-unit multifamily property with modern finishes and value-add potential.
Property Size4,232 SF
Lot Size0.42 Acres
Price / SF$236.29
Days on Market64
Property Features for 2474 Moreland Avenue
General Information
- Standard status
- Active
- Size
- 4,232 SF
- Lot size
- 0.42 Acres
- Property subtype
- Street Retail
Listing agency
Bull Realty
(404) 876-1640
Listed by
Jared Daley
(404) 876-1640
Source
Thebrokerlist
Added: May 19 Updated: Jul 10 at 1:30PM Checked: Jul 21 at 3:42AM
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 Bull Realty
Investment Insights
Based on property information with market context.
The Gardens of Magnolia Trails presents a recently gut-renovated, four-unit multifamily investment opportunity. The property features spacious two-bedroom, two-bathroom floorplans with modern interior finishes. Each unit includes an open-concept kitchen equipped with granite countertops and stainless steel appliances, in-unit laundry, and a private rear deck. The property is all-electric with separately metered utilities and central HVAC throughout. Situated on approximately 0.42 acres, the building encompasses approximately 4,232 square feet and provides eight to nine off-street surface parking spaces. Zoned RM75, the property is positioned along a major commercial corridor with traffic counts of approximately 34,400 vehicles per day. It benefits from strong visibility and excellent regional access to I-85 and I-285. The location is approximately 1.5 miles south of Interstate 285 and just over 5.5 miles north of downtown Atlanta. The property is conveniently positioned near I-85, I-285, Children's Healthcare of Atlanta, and the Centers for Disease Control and Prevention, offering strong accessibility within a highly desirable DeKalb County location. The surrounding industrial area serves numerous trucking, freight, logistics, and automotive-related businesses. Currently, the property is 75% occupied with value-add upside.
Key Highlights
- Recently gut‑renovated 4‑unit multifamily property with modern interior finishes.
- Spacious 2‑bedroom/2‑bathroom units feature open‑concept kitchens with granite countertops and stainless steel appliances.
- Convenient location near I‑85, I‑285, Children's Healthcare of Atlanta, and the Centers for Disease Control and Prevention.
Local 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 | $76.2k | $18.00 |
| − Vacancy | −$4.2k | −$0.99 |
| EGI | $72.0k | $17.01 |
| − OpEx | −$21.6k | −$5.10 |
| NOI | $50.4k | $11.91 |
4,232 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$719.9K
$629.9K – $839.8K
NOI $50,390 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$666.9K
$583.5K – $778.0K
NOI $46,680 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,810 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
285SE Collision Center
Auto Repair Shop
A1-Radiator Sales & Service
Auto Repair Shop
Cousin's Car Care
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property with modern finishes and value-add potential.
Where is this quadplex located?
The property is located at 2474 Moreland Avenue 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: Recently gut‑renovated 4‑unit multifamily property with modern interior finishes.; Spacious 2‑bedroom/2‑bathroom units feature open‑concept kitchens with granite countertops and stainless steel appliances.; Convenient location near I‑85, I‑285, Children's Healthcare of Atlanta, and the Centers for Disease Control and Prevention.
