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    Chamblee Multifamily Investment Opportunity Title is generated by Realmo AI

    2400 N Beverly Hills Drive, Chamblee, GA 30341

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    Claim this Listing
    For Sale
    $1,800,000

    Other - Chamblee, GA

    Property size:
    7,109 SF
    Lot size:
    0.88 Acres
    Price / SF:
    $253/SF
    Added:
    May 23, 2026
    Days on Market:
    23
    Last Refresh:
    Jun 14 at 6:06 am

    Property Features for 2400 N Beverly Hills Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    7,109 SF
    Lot size
    0.88 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1963
    Flooring type
    Carpet
    Roof type
    Tar/Gravel
    Architectural style
    Other

    We can help!

    Listing Contact
    Willie Acree
    Willie Acree

    Listing agent Willie Acree

    Listing office South Fulton Office 1195 Fairburn Road SW, Suite F-140, Atlanta, GA

    Listing date May 23, 2026

    MLS# 7737106 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑density redevelopment potential: Zoned RM‑75, allowing for the development of up to 24 apartment units.
    • Prime location in the desirable Chamblee submarket of Atlanta, near I‑285 and I‑85, providing easy access to employment centers and amenities.
    • Currently 100% occupied, providing a stable and reliable income stream.
    • Value‑add opportunity with potential for future rent growth in a rapidly developing area.
    • Renovated in 2017, blending classic construction with modern upgrades.
    • Unique multifamily investment opportunity with both immediate returns and long‑term growth potential.

    Overview

    Located in Chamblee, GA, this multifamily property at 2400 Beverly Hill Dr presents an investment opportunity. The 7,109 square foot apartment building contains 8 fully occupied residential units, providing a stable income stream. Constructed in 1963 and renovated in 2017, the property combines mid-century architecture with modern upgrades. The building operates at 100% occupancy. Zoned RM-75, the 0.88-acre lot offers a redevelopment opportunity with the potential to support the development of up to 24 apartment units. Situated near Interstate 285 and Interstate 85, the property provides access to Atlanta's employment centers, retail areas, and amenities. The surrounding area is experiencing residential demand and redevelopment. This property offers both immediate returns and long-term growth potential.

    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 $185.1k $26.04
    − Vacancy −$11.5k −$1.61
    EGI $173.6k $24.43
    − OpEx −$78.1k −$10.99
    NOI $95.5k $13.43
    7,109 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.36M
    $1.19M – $1.59M (±1% cap)
    NOI $95,503 @ 7.0% cap · market cap 5.31%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.99M
    $1.74M – $2.32M (±1% cap)
    NOI $139,107 @ 7.0% cap · market cap 7.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Chamblee
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.289277
    Latitude
    33.882003

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied apartment building with redevelopment potential in Chamblee, GA.
    Where is this apartment building located?
    The property is located at 2400 N Beverly Hills Drive Chamblee, GA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: High‑density redevelopment potential: Zoned RM‑75, allowing for the development of up to 24 apartment units.; Prime location in the desirable Chamblee submarket of Atlanta, near I‑285 and I‑85, providing easy access to employment centers and amenities.; Currently 100% occupied, providing a stable and reliable income stream.
    (404) 903-5313
    We can help!
    Listing Contact
    Willie Acree
    Willie Acree
    Real Estate License ID: 313803
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