Two-Level Multifamily
For Sale
$325,000
2142 Martin Luther King JR Drive SW, Atlanta, GA 30310
Residential Income, Atlanta, GA
Property Size2,142 SF
Lot Size0.16 Acres
Price / SF$151.73
Days on Market104
Property Features for 2142 Martin Luther King JR Drive SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
5
Parking features
Off Street
Subdivision
West End Heights
Elementary school
Peyton Forest
Middle school
Young
High school
Mays
Directions
GPS Friendly
Standard status
Active
APN
14 018000060148
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6398
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Number of units
1
Building materials
Wood Siding
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 632-1112
Listed By:
Michael Daniel
(770) 361-0515
Added: Jul 8
Changed: Oct 15
Last Checked: Oct 19 at 10:06PM
MLS# 10813855
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This tenant-occupied multifamily property offers 2,142 square feet across two levels, with six bedrooms and four full bathrooms. Each floor follows a matching three-bedroom, two-bathroom layout, creating a consistent configuration for residential income use. The property was built in 2006 and includes newer HVAC systems, water heaters, and appliances in the shared living areas, including laundry units.
A spacious driveway provides parking for up to five vehicles. Public water and public sewer serve the property, while central heating and central air support interior comfort. The residence is located minutes from Downtown Atlanta, the Atlanta BeltLine, MARTA, Mercedes-Benz Stadium, the Atlanta University Center, major employment centers, shopping, dining, and the Martin Luther King Jr. National Historical Park.
A spacious driveway provides parking for up to five vehicles. Public water and public sewer serve the property, while central heating and central air support interior comfort. The residence is located minutes from Downtown Atlanta, the Atlanta BeltLine, MARTA, Mercedes-Benz Stadium, the Atlanta University Center, major employment centers, shopping, dining, and the Martin Luther King Jr. National Historical Park.
Key Highlights
- 2,142 SF two‑level layout with six bedrooms and four full bathrooms
- Matching floor plans: 3 bedrooms and 2 full bathrooms on each level
- Tenant‑occupied and professionally managed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,627
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,540
$472.5K
Cap Rate 7%
$337,529
$337.5K
Cap Rate 9%
$262,522
$262.5K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$45.0K $21.00/SF
− Vacancy
−$2.0K −$0.95/SF
EGI
$43.0K $20.06/SF
− OpEx
−$19.3K −$9.02/SF
NOI
$23.6K $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%
$472,540
Cap Rate 7%
$337,529
Cap Rate 9%
$262,522
Alternative Uses
Best Use
Apartment 5plus
$337.5K
$295.3K – $393.8K
NOI $23,627 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$598.8K
$523.9K – $698.6K
NOI $41,914 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 30310, GA
27,365
Population
14,033
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,182
Density / Sq Mi
$45,542
Median Household Income
$36,726
Median Earnings
$1,099
Median Rent
$295,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied residence with shared living areas, included laundry equipment, and off-street parking.
Where is this multifamily property located?
The property is located at 2142 Martin Luther King JR Drive SW Atlanta, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,142 SF two‑level layout with six bedrooms and four full bathrooms; Matching floor plans: 3 bedrooms and 2 full bathrooms on each level; Tenant‑occupied and professionally managed
