Apartment Building Redevelopment with 2-Bed
2517 Dodson Dr, Atlanta, GA 30344
For Sale
$2,100,000
Redevelopment opportunity with eight 2-bedroom units on a large parcel, sold as-is for restoration and potential expansion.
Property Size8,584 SF
Lot Size5.37 Acres
Price / SF$244.64
Days on Market153
Property Features for 2517 Dodson Dr
General Information
Standard status
Size
Lot size
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Fathom Realty GA, LLC
Listed By:
Camille Carter
(678) 751-2773
Source:
Jetsetrealty
Added: Jun 12
Changed: Oct 26
Last Checked: Oct 5 at 9:24PM
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 Fathom Realty GA, LLC
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Investment Insights
Based on property information with market context.
This multifamily redevelopment opportunity includes a property with eight 2-bedroom units on approximately 5.37 acres. The existing structure(s) require significant restoration. The scope noted in the seller’s remarks includes removal of plumbing, electrical, HVAC components, and interior finishes, indicating a full renovation approach will be necessary to re-purpose and stabilize the asset.
The property is located at 2517 Dodson Drive in Atlanta, GA 30344. The sale is being offered on an as-is basis, with no warranties, repairs, or concessions provided by the seller.
For investors, builders, or value-add operators, the project is best suited to those prepared to manage a comprehensive repositioning. The basement level is described as having additional expansion potential that could be reconfigured to generate added income-producing space or support uses such as a laundromat, storage, or event/amenity space, subject to buyer due diligence and design feasibility. This offering may be particularly attractive to cash or hard money investors seeking a larger-scale renovation and redevelopment project.
The property is located at 2517 Dodson Drive in Atlanta, GA 30344. The sale is being offered on an as-is basis, with no warranties, repairs, or concessions provided by the seller.
For investors, builders, or value-add operators, the project is best suited to those prepared to manage a comprehensive repositioning. The basement level is described as having additional expansion potential that could be reconfigured to generate added income-producing space or support uses such as a laundromat, storage, or event/amenity space, subject to buyer due diligence and design feasibility. This offering may be particularly attractive to cash or hard money investors seeking a larger-scale renovation and redevelopment project.
Key Highlights
- 5.37‑acre multifamily redevelopment parcel in Atlanta’s 30344 corridor (exact acreage to be verified by buyer)
- Eight (8) 2‑bedroom units with a redevelopment and renovation opportunity
- Year built: 1940; existing structure(s) require restoration including removal of plumbing, electrical, HVAC components, and interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,684
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,893,680
$1.9M
Cap Rate 7%
$1,352,629
$1.4M
Cap Rate 9%
$1,052,044
$1.1M
Market Conditions
NOI Build-Up for 8,584 SF
Gross rent
$180.3K $21.00/SF
− Vacancy
−$8.1K −$0.95/SF
EGI
$172.2K $20.06/SF
− OpEx
−$77.5K −$9.02/SF
NOI
$94.7K $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%
$1,893,680
Cap Rate 7%
$1,352,629
Cap Rate 9%
$1,052,044
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,684 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,969 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
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Business Placement
Demographics for 30344, GA
35,365
Population
17,586
Households
2
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
2,923
Density / Sq Mi
$59,647
Median Household Income
$42,108
Median Earnings
$1,315
Median Rent
$240,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Atlanta, GA
Properties on Market for Apartment buildings in Atlanta
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Redevelopment opportunity with eight 2-bedroom units on a large parcel, sold as-is for restoration and potential expansion.
Where is this apartment building located?
The property is located at 2517 Dodson Dr Atlanta, GA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 5.37‑acre multifamily redevelopment parcel in Atlanta’s 30344 corridor (exact acreage to be verified by buyer); Eight (8) 2‑bedroom units with a redevelopment and renovation opportunity; Year built: 1940; existing structure(s) require restoration including removal of plumbing, electrical, HVAC components, and interior finishes
