Atlanta Apartment Complex Value-Add
For Sale
$4,200,000
2600 Old Hapeville Rd SW, Atlanta, GA 30315
80-unit apartment complex inside I-285 in Atlanta.
Property SizeContact for details
Days on Market328
Property Features for 2600 Old Hapeville Rd SW
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1969
Buildings
8
Listing Agency:
Bull Realty
Listed By:
Andy Lundsberg · License #256959
(404) 876-1640
Source:
Bullrealty
Added: Nov 25, 2025
Changed: Sep 8
Last Checked: Oct 19 at 5:42AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 80-unit apartment complex presents a value-add opportunity inside I-285 in Atlanta. The property requires renovation, with 25% of the units online, of which 10% are currently occupied. The remaining 75% of the units exhibit varying degrees of damage and deferred maintenance, including fire damage affecting 4 units, past water damage, and vandalism. The property was last sold in December 2022 for $10,000,000. The spacious units offer the potential to convert all 2-bed/1-bath units into 2-bed/2-bath units with open kitchen-to-living-room floor plans and the potential to add in-unit laundry. All units have private balconies or patios. The property features open greenspace and an underutilized basement in one of the buildings, allowing for the potential addition of tenant amenities. The property is gated and includes a leasing office. There is excess land to add a playground and other amenities. The location is adjacent to Cleveland Avenue Elementary School, with quick access to I-75, I-85, I-285, downtown Atlanta, and the Atlanta International Airport. The property sits on 6+ acres of land inside I-285 in a gentrifying neighborhood of Atlanta, offering potential redevelopment opportunities in the future.
Key Highlights
- Significant value‑add potential through renovation and repositioning of a distressed 80‑unit apartment complex.
- Located inside I‑285 in Atlanta, offering convenient access to major transportation routes, downtown, and the airport.
- Opportunity to convert existing 2 bed/1 bath units into more desirable 2 bed/2 bath units with modern, open floor plans.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
256
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - 80-unit apartment complex inside I-285 in Atlanta.
Where is this apartment building located?
The property is located at 2600 Old Hapeville Rd SW Atlanta, GA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Significant value‑add potential through renovation and repositioning of a distressed 80‑unit apartment complex.; Located inside I‑285 in Atlanta, offering convenient access to major transportation routes, downtown, and the airport.; Opportunity to convert existing 2 bed/1 bath units into more desirable 2 bed/2 bath units with modern, open floor plans.
