Renovated Multifamily Investment
2474 Moreland Avenue, Atlanta, GA 30315
Four-unit multifamily property with modern finishes and value-add potential.
Type:Street Retail
Property size:
4,232 SFLot size:
0.42 AcresPrice / SF:
$236/SF- Added:
- May 19, 2026
- Days on Market:
- 13
- Last Refresh:
- May 19 at 3:10 am
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 agent Jared Daley (404) 876-1640
Listing office Bull Realty (404) 876-1640
Listing date May 19, 2026
Source Thebrokerlist
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
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.
- Each unit includes in‑unit full‑size washer & dryer and private rear deck space.
- Excellent regional access to I‑285 (1.5 miles) and downtown Atlanta (5.5 miles).
- All‑electric property with separately metered utilities and central HVAC.
Overview
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.
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.
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
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.3484493
- Latitude
- 33.6866067
Nearby Similar for Sale
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.
