Duplex with Original
For Sale
$684,000
424 Euclid Terrace NE, Atlanta, GA 30307
Versatile two-unit property with original interior details and access to neighborhood parks, shops, restaurants, trails, and MARTA.
Property Size1,649 SF
Lot Size0.18 Acres
Price / SF$414.80
Days on Market18
Property Features for 424 Euclid Terrace NE
General Information
Standard status
Active
Size
1,649 SF
Lot size
0.18 Acres
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Stories
1
Units
2
Listing Agency:
Atlanta Fine Homes Sotheby's International
(678) 790-8760
Listed By:
Nicole Griffin
(678) 790-8760
Source:
Millerrealtyatl
Added: Aug 12
Changed: Aug 28
Last Checked: Aug 28 at 1:37PM
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 Atlanta Fine Homes Sotheby's International
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains approximately 1,649 square feet of living space on a 7,841-square-foot lot. The property includes 2 bedrooms and 2 bathrooms, with an original fireplace in each unit. Its two-unit configuration supports continued use as a duplex, owner occupancy with a separate rental unit, guest or extended-family accommodations, or conversion into a single-family residence, subject to applicable requirements. The property is being sold as-is.
The home is located at 424 Euclid Terrace NE in Atlanta’s Candler Park area. Nearby destinations identified for the property include Candler Park, local shops and restaurants, Little Five Points, MARTA, and area trails. The combination of a substantial lot, flexible layout, and retained original features provides a range of potential residential uses.
The home is located at 424 Euclid Terrace NE in Atlanta’s Candler Park area. Nearby destinations identified for the property include Candler Park, local shops and restaurants, Little Five Points, MARTA, and area trails. The combination of a substantial lot, flexible layout, and retained original features provides a range of potential residential uses.
Key Highlights
- Duplex built in 1920
- Approximately 1,649 square feet of living space
- 7,841‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,635
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,700
$392.7K
Cap Rate 7%
$280,500
$280.5K
Cap Rate 9%
$218,167
$218.2K
Market Conditions
NOI Build-Up for 1,649 SF
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.
Gross rent
$29.7K $18.00/SF
− Vacancy
−$1.6K −$0.99/SF
EGI
$28.0K $17.01/SF
− OpEx
−$8.4K −$5.10/SF
NOI
$19.6K $11.91/SF
Area
Atlanta, GA
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,700
Cap Rate 7%
$280,500
Cap Rate 9%
$218,167
Alternative Uses
Best Use
Multifamily LT 5
$280.5K
$245.4K – $327.3K
NOI $19,635 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$259.8K
$227.4K – $303.2K
NOI $18,189 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$461.0K
$403.3K – $537.8K
NOI $32,267 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,669
Businesses Nearby
Explore this area
Business Placement
Demographics for 30307, GA
20,807
Population
10,308
Households
2
Avg Household Size
37
Median Age
82%
College-Educated
98%
High-School Grad
4.5 sq mi
ZIP Area
4,624
Density / Sq Mi
$147,553
Median Household Income
$86,485
Median Earnings
$2,001
Median Rent
$704,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Versatile two-unit property with original interior details and access to neighborhood parks, shops, restaurants, trails, and MARTA.
Where is this duplex located?
The property is located at 424 Euclid Terrace NE Atlanta, GA.
What is the asking price?
The asking price for this property is $684,000.
What are key features of this property?
This property features: Duplex built in 1920; Approximately 1,649 square feet of living space; 7,841‑square‑foot lot
