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 Market384
Property Features for 147 15th Street NE #6E
General Information
Standard status
Active
Size
1,483 SF
Property subtype
Condominium
Building Details
Year Built
1972
Listing Agency:
Keller Knapp
(678) 733-0107
Listed By:
First MLS · License #00708232
(678) 733-0107
Source:
Kw
Added: Jul 19, 2025
Changed: Jul 6
Last Checked: Aug 5 at 12:10PM
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
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 For Apartment 5plus
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 | $31.1k | $21.00 |
| − Vacancy | −$1.4k | −$0.95 |
| EGI | $29.7k | $20.06 |
| − OpEx | −$13.4k | −$9.02 |
| NOI | $16.4k | $11.03 |
1,483 SF · lease $21.00/SF/yr · vacancy 4.50% · expense 45.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,179
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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.
