Multi-Property Apartment
For Sale
Contact for pricing
Pending
1611 Harvard Avenue, Atlanta, GA 30337
71-unit Atlanta portfolio with current management in place and reported 100% occupancy across multiple multifamily properties.
Property SizeContact for details
Days on Market148
Property Features for 1611 Harvard Avenue
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
71
Building Details
Tenancy
Multi
Listing Agency:
Smythe Commercial
Listed By:
Paul Smythe · License #GA 377835
Source:
Crexi
Added: Apr 10
Changed: Aug 23
Last Checked: Sep 2 at 11:59PM
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 Smythe Commercial
Investment Insights
Based on property information with market context.
This offering is a 71-unit multifamily portfolio in Atlanta presented for sale with management already in place. The portfolio includes a mix of multifamily buildings and smaller structures: a 24-unit property, an 8-unit property, a 6-unit property, five quadruplexes, one triplex, and five duplexes. The 24-unit property includes an income-producing laundry facility, and the overall portfolio is described as consistently maintained.
The properties are clustered within 2.5 miles of each other in areas identified as East Point, College Park, and Hapeville, and are positioned near Hartsfield-Jackson International Airport and major highways including I-85, I-75, and I-285. The portfolio is also described as including three properties that are part of the Airport’s Noise Insulation Program (NIP), with one listed address (1592 Harvard Avenue) noted as having completed the program.
The portfolio is reported at 100% occupancy, with reported 2017 net income of $298,052 and gross income of $516k.
The properties are clustered within 2.5 miles of each other in areas identified as East Point, College Park, and Hapeville, and are positioned near Hartsfield-Jackson International Airport and major highways including I-85, I-75, and I-285. The portfolio is also described as including three properties that are part of the Airport’s Noise Insulation Program (NIP), with one listed address (1592 Harvard Avenue) noted as having completed the program.
The portfolio is reported at 100% occupancy, with reported 2017 net income of $298,052 and gross income of $516k.
Key Highlights
- 71‑unit Atlanta multifamily portfolio near Hartsfield‑Jackson International Airport, with current management in place (buyer encouraged to keep manager).
- Consistently reported 100% occupancy with many long‑term tenants; generated $298,052 Net Income (NOI) in 2017.
- 2017 gross income reported at $516k, with stated room to increase rents.
Property Analytics
Property Profile
Current Use
Lease Details
71
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 30337, GA
11,810
Population
5,702
Households
2.1
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
12.2 sq mi
ZIP Area
968
Density / Sq Mi
$49,472
Median Household Income
$32,272
Median Earnings
$1,109
Median Rent
$311,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 71-unit Atlanta portfolio with current management in place and reported 100% occupancy across multiple multifamily properties.
Where is this apartment building located?
The property is located at 1611 Harvard Avenue Atlanta, GA.
What are key features of this property?
This property features: 71‑unit Atlanta multifamily portfolio near Hartsfield‑Jackson International Airport, with current management in place (buyer encouraged to keep manager).; Consistently reported 100% occupancy with many long‑term tenants; generated $298,052 Net Income (NOI) in 2017.; 2017 gross income reported at $516k, with stated room to increase rents.
