Atlanta Apartment Complex Value-Add
2600 Old Hapeville Rd SW, Atlanta, GA 30315
80-unit apartment complex inside I-285 with significant value-add potential.
Lot size:
6.00 Acres- Added:
- Mar 6, 2026
- Days on Market:
- 87
- Last Refresh:
- Apr 6 at 12:55 am
Property Features for 2600 Old Hapeville Rd SW
General Information
- Standard status
- Active
- Lot size
- 6.00 Acres
Listing agent Andy Lundsberg (404) 876-1640
Listing office Bull Realty (404) 876-1640
Listing date Mar 6, 2026
Source Tcnworldwide
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HighLights
- Significant value‑add potential through renovation of an 80‑unit apartment complex.
- Located inside I‑285 in Atlanta in a gentrifying neighborhood.
- Potential redevelopment opportunity on 6+ acres of land.
- Easy access to I‑85, I‑75, downtown Atlanta, and Atlanta International Airport.
- Opportunity to convert 2 bed / 1 bath units into 2 bed / 2 bath units with open floorplans.
- Gated property with large greenspace/courtyard and mature trees.
Overview
This is an opportunity to acquire an 80-unit apartment complex inside I-285 in Atlanta. The property requires renovation, with 25% of the units online, and 10% of these currently occupied. The remaining 75% of the units have varying degrees of damage and deferred maintenance, including fire damage affecting 4 units, past water damage, and vandalism. The property last sold for $10,000,000 in December 2022. The units are spacious with separate dining areas and ample closet space. All units have private balconies off the living rooms. There is an onsite leasing office. The gated property includes a large greenspace/courtyard between the buildings and mature trees. One of the buildings has underutilized basement space that could be converted to onsite laundry. There is excess land to add a playground and/or other amenities. The property offers potential redevelopment opportunities with 6+ acres of land inside I-285 in a gentrifying neighborhood of Atlanta. It is adjacent to Cleveland Avenue Elementary School and provides easy, quick access to I-85 and I-75, downtown Atlanta, and Atlanta International Airport. There is potential to convert all of the 2 bed / 1 bath units into 2 bedroom / 2 bath units with open kitchen-to-living-room floorplans.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.3921
- Latitude
- 33.6838
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 80-unit apartment complex inside I-285 with significant value-add potential.
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 of an 80‑unit apartment complex.; Located inside I‑285 in Atlanta in a gentrifying neighborhood.; Potential redevelopment opportunity on 6+ acres of land.
