Atlanta Multi-Family Investment
1860 North Avenue NW Atlanta, GA 30318
1860 North Avenue NW, Atlanta, GA, 30318
$235,000
For Sale
$235,000
MULTI_FAMILY - Atlanta, GA
Property Size1,770 SF
Lot Size0.25 Acres
Price / SF$132.77
Days on Market145
Property Features for 1860 North Avenue NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 5
- Window features
- Double Pane Windows, Insulated Windows
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 14 017500160234
- Size
- 1,770 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5562
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Hardwood, Tile - Ceramic
- Building materials
- Frame, Shingle Siding, Wood Siding
- Roof type
- Composition, Shingle
Listing agency
Keller Williams Realty Metro Atlanta
(404) 564-5560
Listed by
Kathleen Levy
(404) 564-5560
Added: Feb 26 Updated: May 13 at 2:45PM Checked: Jul 21 at 11:06AM
MLS# 7725578
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,770 sq ft residence is located in Atlanta's Grove Park neighborhood. The property features a 7-bedroom, 2-bathroom layout. Situated on a 0.248-acre lot on a quiet, well-maintained street, the home backs up to a serene wooded buffer. The roof was replaced in 2022 and the HVAC in 2021. The property is located 250 feet from a MARTA stop and minutes from downtown Atlanta. Since 2022, the asset has generated an average monthly gross income of $3,764 (T-12) with a pro forma path to $4,805 and a projected 17.9% cash-on-cash return. The property is positioned to capitalize on the economic tailwinds surrounding Westside Park and nearby redevelopments, including the 20-acre Cypress Grove project and the Microsoft-backed mixed-income community. Featuring ample parking and situated in one of the city's growth corridors, this property is ready to deliver immediate, scalable cash flow. The property is optimized for a turnkey co-living investment.
Key Highlights
- High‑performance investment property generating $3,764 monthly gross income, with pro forma path to $4,805 and projected 17.9% cash‑on‑cash return.
- Strategically located in Atlanta's rapidly appreciating Grove Park, near Westside Park and the Microsoft‑backed mixed‑income community.
- Optimized for co‑living with a 7‑bedroom, 2‑bathroom layout within 1,770 sq ft.
Local 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 | $41.2k | $23.28 |
| − Vacancy | −$2.6k | −$1.44 |
| EGI | $38.7k | $21.84 |
| − OpEx | −$17.4k | −$9.83 |
| NOI | $21.3k | $12.01 |
1,770 SF · lease $23.28/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$303.7K
$265.7K – $354.3K
NOI $21,258 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.8K
$432.9K – $577.3K
NOI $34,635 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Value-add property near downtown Atlanta with high cash flow potential.
Where is this residential income property located?
The property is located at 1860 North Avenue NW Atlanta, GA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: High‑performance investment property generating $3,764 monthly gross income, with pro forma path to $4,805 and projected 17.9% cash‑on‑cash return.; Strategically located in Atlanta's rapidly appreciating Grove Park, near Westside Park and the Microsoft‑backed mixed‑income community.; Optimized for co‑living with a 7‑bedroom, 2‑bathroom layout within 1,770 sq ft.
