Renovated Atlanta Dormplex Investment
For Sale
Contact for pricing
2807 Burton Rd NW, Atlanta, GA 30311
6-bedroom, 2-bath dormplex with high occupancy near downtown Atlanta.
Property Size2,000 SF
Lot Size0.71 Acres
Price / SF$197.50
Days on Market678
Property Features for 2807 Burton Rd NW
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.71 Acres
Property subtype
Multifamily
Occupancy
100%
Building Details
Units
6
Listing Agency:
Acme Property Group
(770) 450-9892
Listed By:
Zach Rogers · License #GA 359958
Source:
Crexi
Added: Oct 17, 2024
Changed: Aug 19
Last Checked: Aug 24 at 5:55AM
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 Acme Property Group
Investment Insights
Based on property information with market context.
This renovated dormplex features 6 bedrooms and 2 bathrooms, offering over 2,000 square feet of living space on a 0.71-acre lot. The property includes two common areas and a shared kitchen, designed to accommodate multiple tenants. Weekly rental rates start at $180, attracting tenants seeking affordable housing. A tenant finder system helps maintain occupancy above 90%. Located inside the perimeter of Atlanta, the property is within walking distance of a Marta transit stop and minutes from downtown Atlanta and the Atlanta Airport, providing convenient access to transportation and major hubs. This setup is ideal for multiple tenants, making it a perfect rental option. The seller is open to owner financing.
Key Highlights
- Consistent positive cash flow investment opportunity.
- High occupancy rate (above 90%) maintained by app‑driven tenant finder system.
- Prime location inside the perimeter of Atlanta, near Marta transit, downtown, and the airport.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,061
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$441,220
$441.2K
Cap Rate 7%
$315,157
$315.2K
Cap Rate 9%
$245,122
$245.1K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$42.0K $21.00/SF
− Vacancy
−$1.9K −$0.95/SF
EGI
$40.1K $20.06/SF
− OpEx
−$18.0K −$9.02/SF
NOI
$22.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$441,220
Cap Rate 7%
$315,157
Cap Rate 9%
$245,122
Alternative Uses
Best Use
Apartment 5plus
$315.2K
$275.8K – $367.7K
NOI $22,061 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.1K
$489.2K – $652.3K
NOI $39,135 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 30311, GA
33,568
Population
17,041
Households
2
Avg Household Size
38
Median Age
32%
College-Educated
90%
High-School Grad
12.5 sq mi
ZIP Area
2,685
Density / Sq Mi
$51,242
Median Household Income
$35,874
Median Earnings
$1,120
Median Rent
$270,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - 6-bedroom, 2-bath dormplex with high occupancy near downtown Atlanta.
Where is this multifamily property located?
The property is located at 2807 Burton Rd NW Atlanta, GA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Consistent positive cash flow investment opportunity.; High occupancy rate (above 90%) maintained by app‑driven tenant finder system.; Prime location inside the perimeter of Atlanta, near Marta transit, downtown, and the airport.
