Multifamily Redevelopment Opportunity in
2517 Dodson Drive Atlanta, GA 30344
For Sale
$2,100,000
COMMERCIAL - Atlanta, GA
Property Size8,584 SF
Lot Size5.37 Acres
Price / SF$244.64
Days on Market79
Property Features for 2517 Dodson Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Standard status
Active
APN
14 0197 LL0484
Size
8,584 SF
Lot size
5.37 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
19727
Building Details
Year built
1940
Building materials
Brick
Listing Agency:
Fathom Realty GA, LLC
(888) 455-6040
Listed By:
Camille M Carter
(678) 751-2773
Added: May 11
Changed: May 14
Last Checked: Jul 28 at 4:06AM
MLS# 10762166
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.
Investment Insights
Based on property information with market context.
Located in Atlanta's 30344 area, this multifamily property presents a redevelopment opportunity. The property features eight 2-bedroom units, offering repositioning potential for investors, builders, or value-add operators. Situated on a multifamily parcel of 5.37 acres (to be verified by the buyer), the asset has upside through renovation and stabilization. The existing structure requires restoration, including removal of plumbing, electrical, HVAC components, and interior finishes. The property is sold as-is, with no warranties, repairs, or concessions from the seller. The basement level offers expansion potential for additional income-producing units, a laundromat, storage, or event/amenity space. This property is suited for cash or hard money investors seeking a large-scale repositioning or redevelopment opportunity in a thriving submarket. The property size is 8584 square feet.
Key Highlights
- Multifamily redevelopment opportunity in the Atlanta 30344 corridor.
- Eight (8) 2‑bedroom units offer repositioning potential.
- Substantial upside through comprehensive renovation and stabilization.
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 | $180.3k | $21.00 |
| − Vacancy | −$8.1k | −$0.95 |
| EGI | $172.2k | $20.06 |
| − OpEx | −$77.5k | −$9.02 |
| NOI | $94.7k | $11.03 |
8,584 SF · lease $21.00/SF/yr · vacancy 4.50% · expense 45.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with redevelopment potential in Atlanta's vibrant 30344 corridor.
Where is this apartment building located?
The property is located at 2517 Dodson Drive 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: Multifamily redevelopment opportunity in the Atlanta 30344 corridor.; Eight (8) 2‑bedroom units offer repositioning potential.; Substantial upside through comprehensive renovation and stabilization.
