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Renovated Multifamily Investment Opportunity

2474 Moreland Avenue Atlanta, GA 30315

2474 Moreland Avenue, Atlanta, GA, 30315

$1,000,000

For Sale

$1,000,000

Four-unit multifamily property with modern finishes and value-add potential.

Property Size4,232 SF

Lot Size0.42 Acres

Price / SF$236.29

AddedMay 19

Days on Market59

Last RefreshJul 16 at 4:40 am

Property Features for 2474 Moreland Avenue

General Information

Standard status: Active
Size: 4,232 SF
Lot size: 0.42 Acres
Property subtype: Street Retail

Listing office Bull Realty

Listing date May 19, 2026

Source Thebrokerlist

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

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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$76.2k	$18.00
− Vacancy	−$4.2k	−$0.99
EGI	$72.0k	$17.01
− OpEx	−$21.6k	−$5.10
NOI	$50.4k	$11.91

4,232 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$719.9K

$629.9K – $839.8K (±1% cap)

NOI $50,390 @ 7.0% cap · market cap 5.04%

Second Best

Apartment 5plus

$666.9K

$583.5K – $778.0K (±1% cap)

NOI $46,680 @ 7.0% cap · market cap 4.67%

Theoretical Best

Office A

$1.18M

$1.04M – $1.38M (±1% cap)

NOI $82,810 @ 7.0% cap · market cap 8.28%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

285SE Collision Center Auto Repair Shop A1-Radiator Sales & Service Auto Repair Shop Cousin's Car Care Auto Repair Shop

Suggested Use

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For sale
Quadplexes
GA
Atlanta
30315
2474 Moreland Avenue

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 $1,000,000.

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.