Renovated Multifamily Investment
For Sale
$899,000
2474 Moreland Avenue, Atlanta, GA 30315
Four-unit multifamily property with modern finishes and value-add potential.
Property Size4,232 SF
Lot Size0.42 Acres
Price / SF$212.43
Days on Market169
Property Features for 2474 Moreland Avenue
General Information
Standard status
Active
Size
4,232 SF
Lot size
0.42 Acres
Property subtype
Retail
Listing Agency:
Bull Realty
Listed By:
Jared Daley · License #331035
(404) 876-1640
Source:
Bullrealty
Added: May 19
Changed: Nov 1
Last Checked: Nov 3 at 4:19AM
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
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Investment Insights
Based on property information with market context.
The Gardens of Magnolia Trails presents a recently gut-renovated, four-unit multifamily investment opportunity. The property features spacious two-bedroom, two-bathroom floorplans with modern interior finishes. Each unit includes an open-concept kitchen equipped with granite countertops and stainless steel appliances, in-unit laundry, and a private rear deck. The property is all-electric with separately metered utilities and central HVAC throughout. Situated on approximately 0.42 acres, the building encompasses approximately 4,232 square feet and provides eight to nine off-street surface parking spaces. Zoned RM75, the property is positioned along a major commercial corridor with traffic counts of approximately 34,400 vehicles per day. It benefits from strong visibility and excellent regional access to I-85 and I-285. The location is approximately 1.5 miles south of Interstate 285 and just over 5.5 miles north of downtown Atlanta. The property is conveniently positioned near I-85, I-285, Children's Healthcare of Atlanta, and the Centers for Disease Control and Prevention, offering strong accessibility within a highly desirable DeKalb County location. The surrounding industrial area serves numerous trucking, freight, logistics, and automotive-related businesses. Currently, the property is 75% occupied with value-add upside.
Key Highlights
- Recently gut‑renovated 4‑unit multifamily property with modern interior finishes.
- Spacious 2‑bedroom/2‑bathroom units feature open‑concept kitchens with granite countertops and stainless steel appliances.
- Convenient location near I‑85, I‑285, Children's Healthcare of Atlanta, and the Centers for Disease Control and Prevention.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,390
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,800
$1.0M
Cap Rate 7%
$719,857
$719.9K
Cap Rate 9%
$559,889
$559.9K
Market Conditions
NOI Build-Up for 4,232 SF
Gross rent
$76.2K $18.00/SF
− Vacancy
−$4.2K −$0.99/SF
EGI
$72.0K $17.01/SF
− OpEx
−$21.6K −$5.10/SF
NOI
$50.4K $11.91/SF
Area
Atlanta, GA
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,800
Cap Rate 7%
$719,857
Cap Rate 9%
$559,889
Alternative Uses
Best Use
Multifamily LT 5
$719.9K
$629.9K – $839.8K
NOI $50,390 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$666.9K
$583.5K – $778.0K
NOI $46,680 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,810 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 30315, GA
34,327
Population
15,458
Households
2.2
Avg Household Size
34
Median Age
28%
College-Educated
82%
High-School Grad
11.5 sq mi
ZIP Area
2,985
Density / Sq Mi
$42,383
Median Household Income
$36,311
Median Earnings
$989
Median Rent
$266,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with modern finishes and value-add potential.
Where is this quadplex located?
The property is located at 2474 Moreland Avenue Atlanta, GA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Recently gut‑renovated 4‑unit multifamily property with modern interior finishes.; Spacious 2‑bedroom/2‑bathroom units feature open‑concept kitchens with granite countertops and stainless steel appliances.; Convenient location near I‑85, I‑285, Children's Healthcare of Atlanta, and the Centers for Disease Control and Prevention.
