Renovated 8-Unit Apartment
New
For Sale
$1,685,000
314 5th St NE, Atlanta, GA 30308
Updated interiors, in-unit laundry, and full occupancy support a straightforward multifamily operation.
Property Size7,155 SF
Days on Market5
Property Features for 314 5th St NE
General Information
Standard status
Active
Size
7,155 SF
Class
C
Property subtype
MultiFamily Apartments
Occupancy
100%
Additional Details
Cap Rate
7%
Multifamily Units
8
Amenities
in-unit laundry
Building Details
Building Size
7,155 SF
Year Built
1920
Year Renovated
2021
Buildings
1
Tenancy
Multi
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Andy Lundsberg · License #256959
(404) 876-1640
Source:
Thebrokerlist
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 4:37AM
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
Investment Insights
Based on property information with market context.
This 8-unit apartment building at 314 5th St NE in Atlanta was built in 1920 and renovated in 2021. Interior updates include kitchens, bathrooms, flooring, and lighting, while every apartment has its own laundry equipment. The property is fully leased, with tenants associated with the Atlanta Housing Authority and reported tenancies ranging from approximately 2 to 5 years.
The building is in Midtown Atlanta near Piedmont Park and the Eastside Beltline. Current operations reflect 100% occupancy, and the property carries a 7% cap rate. The asset combines a compact apartment configuration with recently completed interior improvements and established tenancy.
The building is in Midtown Atlanta near Piedmont Park and the Eastside Beltline. Current operations reflect 100% occupancy, and the property carries a 7% cap rate. The asset combines a compact apartment configuration with recently completed interior improvements and established tenancy.
Key Highlights
- 8‑unit apartment building at 314 5th St NE, Atlanta, GA 30308
- Renovated in 2021 with updated kitchens, bathrooms, flooring, and lighting
- 100% leased with Atlanta Housing Authority tenants
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
$78,921
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
4.68%
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%
$1,578,420
$1.6M
Cap Rate 7%
$1,127,443
$1.1M
Cap Rate 9%
$876,900
$876.9K
Market Conditions
NOI Build-Up for 7,155 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
$150.3K $21.00/SF
− Vacancy
−$6.8K −$0.95/SF
EGI
$143.5K $20.06/SF
− OpEx
−$64.6K −$9.02/SF
NOI
$78.9K $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%
$1,578,420
Cap Rate 7%
$1,127,443
Cap Rate 9%
$876,900
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$986.5K – $1.32M
NOI $78,921 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,007 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 30308, GA
22,121
Population
16,007
Households
1.4
Avg Household Size
32
Median Age
74%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
13,826
Density / Sq Mi
$82,420
Median Household Income
$64,696
Median Earnings
$1,824
Median Rent
$387,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors, in-unit laundry, and full occupancy support a straightforward multifamily operation.
Where is this apartment building located?
The property is located at 314 5th St NE Atlanta, GA.
What is the asking price?
The asking price for this property is $1,685,000.
What are key features of this property?
This property features: 8‑unit apartment building at 314 5th St NE, Atlanta, GA 30308; Renovated in 2021 with updated kitchens, bathrooms, flooring, and lighting; 100% leased with Atlanta Housing Authority tenants
