Midtown Condo with Skyline
For Sale
$350,000
147 15th Street NE #6E, Atlanta, GA 30309
Two-bedroom condo in Midtown with concierge and included utilities.
Property Size1,483 SF
Price / SF$236.01
Days on Market458
Property Features for 147 15th Street NE #6E
General Information
Standard status
Active
Size
1,483 SF
Property subtype
Condominium
Amenities
Security System
Central Air
Central
Dishwasher
Disposal
Electric Range
Microwave
Deck, Patio, Porch, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Building Details
Building Size
1,483 SF
Year Built
1972
Listing Agency:
Keller Knapp
Listed By:
First MLS
(678) 733-0107
Source:
Kw
Added: Jul 19, 2025
Changed: Oct 16
Last Checked: Oct 19 at 6:01AM
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 Keller Knapp
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Investment Insights
Based on property information with market context.
Located in the heart of Midtown at the Hanover House, this 1,483 square foot condo features two bedrooms and two bathrooms. The residence offers refurbished warm parquet flooring and custom wood kitchen cabinetry. An open-concept living and dining area extends to a balcony with Midtown skyline views. The primary suite includes an oversized bedroom, floor-to-ceiling windows, a double-sided closet, and a private bath. The second bedroom features built-ins. Residents have access to a concierge service, and all utilities are included in the HOA fee. Colony Square is accessible via elevator, providing access to restaurants, salons, a gym, a theater, and a hotel. The High Museum, Alliance Theater, and Atlanta Symphony are located one block away. Piedmont Park, the Botanical Gardens, and the Beltline are also nearby. Parking spaces are available for rent at Colony Square for $150 per car monthly.
Key Highlights
- Prime Midtown location next to Colony Square offering a "grab your keys and go" lifestyle with immediate access to restaurants, salons, gym, theater, and hotel.
- All utilities are included in the HOA fee.
- Concierge service available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,358
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,160
$327.2K
Cap Rate 7%
$233,686
$233.7K
Cap Rate 9%
$181,756
$181.8K
Market Conditions
NOI Build-Up for 1,483 SF
Gross rent
$31.1K $21.00/SF
− Vacancy
−$1.4K −$0.95/SF
EGI
$29.7K $20.06/SF
− OpEx
−$13.4K −$9.02/SF
NOI
$16.4K $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%
$327,160
Cap Rate 7%
$233,686
Cap Rate 9%
$181,756
Alternative Uses
Best Use
Apartment 5plus
$233.7K
$204.5K – $272.6K
NOI $16,358 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.6K
$362.7K – $483.7K
NOI $29,019 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
7,179
Businesses Nearby
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Business Placement
Demographics for 30309, GA
31,856
Population
20,558
Households
1.5
Avg Household Size
34
Median Age
84%
College-Educated
98%
High-School Grad
3.3 sq mi
ZIP Area
9,653
Density / Sq Mi
$111,894
Median Household Income
$81,517
Median Earnings
$2,123
Median Rent
$414,700
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 - Two-bedroom condo in Midtown with concierge and included utilities.
Where is this apartment building located?
The property is located at 147 15th Street NE #6E Atlanta, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime Midtown location next to Colony Square offering a "grab your keys and go" lifestyle with immediate access to restaurants, salons, gym, theater, and hotel.; All utilities are included in the HOA fee.; Concierge service available.
