Value-Add Multifamily Investment
1514 Northwest Dr NW, Atlanta, GA 30318
41-unit multifamily property with value-add potential in a gentrifying area.
Type:Multifamily
- Added:
- Nov 25, 2025
- Days on Market:
- 189
- Last Refresh:
- May 8 at 9:24 pm
Property Features for 1514 Northwest Dr NW
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing agent Andy Lundsberg
Listing office Bull Realty (404) 876-1640
Listing date Nov 25, 2025
Source Bullrealty
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
- Attractive assumable debt at 62% LTV, with a 3.49% interest rate fixed until 1/1/2029.
- Value‑add opportunity to increase rents through cosmetic improvements.
- Spacious 2‑story townhouse‑style units offer a home‑like feel.
- Private rear patios for all 2‑bedroom units.
- Convenient location with easy access to I‑285, Marta, Truist Park, and Atlanta Hartsfield Int’l Airport.
- Located in a gentrifying area inside I‑285 with new developments nearby.
Overview
This 41-unit multifamily property presents a value-add opportunity on the westside. Cosmetic improvements can potentially increase rents and build equity. The units are in average condition, offering upside through a light value-add strategy as units turnover. Most units feature spacious townhouse-style floorplans, suitable for tenants seeking separation not found in typical flat-style apartment buildings. The units have the feel of homes, with front parking, walk-up entrances, and private rear patios. The property is located near Marta and provides easy access to I-285, allowing convenient access to Truist Park, Cumberland Mall, Hartsfield-Jackson Atlanta International Airport, and downtown Atlanta. The property consists of spacious two-story, 2-bedroom, 1.5-bath townhouse-style units, with one 3-bedroom flat. All 2-bedroom units include large eat-in kitchens and private rear patios. The property features assumable debt at 62% LTV, with a 3.49% fixed interest rate until January 1, 2029. All units are all-electric with central HVAC. Onsite amenities include a laundry room, a workshop/maintenance area for staff, ample off-street surface parking, and common area greenspace. The property is located in a gentrifying area inside I-285, with several new developments nearby. It offers easy access to I-285 and is within 15 minutes of Truist Park and 20 minutes of Hartsfield-Jackson Atlanta International Airport.
Location Intelligence
Current Use by Public Records
Westside Townhomes
Townhouse Complex
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.4861
- Latitude
- 33.7951
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 41-unit multifamily property with value-add potential in a gentrifying area.
Where is this apartment building located?
The property is located at 1514 Northwest Dr NW Atlanta, GA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Attractive assumable debt at 62% LTV, with a 3.49% interest rate fixed until 1/1/2029.; Value‑add opportunity to increase rents through cosmetic improvements.; Spacious 2‑story townhouse‑style units offer a home‑like feel.
