Four-Unit
For Sale
$789,900
368 Irwin St Ne, Atlanta, GA 30312
Previously updated interiors now require repairs, with each residence offering a three-bedroom, two-bath layout.
Property Size3,360 SF
Price / SF$235.09
Days on Market59
Property Features for 368 Irwin St Ne
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
now needs some repairs
Site & Location
Neighborhood
Sweet Auburn
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Listing Agency:
Keller Williams Realty River Cities
(706) 221-6900
Listed By:
Donna Dk Knowles Team
(706) 392-4930
Source:
Exprealty
Added: Sep 6
Changed: Oct 25
Last Checked: Nov 3 at 11:39AM
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 Keller Williams Realty River Cities
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Investment Insights
Based on property information with market context.
This four-unit residential property contains approximately 3,360 square feet in total, with each residence measuring about 840 square feet. Every unit is configured with three bedrooms and two full bathrooms. The interiors were updated previously but now require repairs, providing a clear renovation component for the next owner.
The property is located at 368 Irwin St NE in Atlanta, near shopping, restaurants, and other local services. The seller is offering the entire four-unit complex together rather than as separate units. No seller disclosures are available, and the property is not being offered for lease. Proof of funds is required for showings and offers.
The property is located at 368 Irwin St NE in Atlanta, near shopping, restaurants, and other local services. The seller is offering the entire four-unit complex together rather than as separate units. No seller disclosures are available, and the property is not being offered for lease. Proof of funds is required for showings and offers.
Key Highlights
- Four‑unit residential complex offered as one property
- Each unit includes 3 bedrooms and 2 full baths
- Approximately 840 square feet per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,008
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,160
$800.2K
Cap Rate 7%
$571,543
$571.5K
Cap Rate 9%
$444,533
$444.5K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$60.5K $18.00/SF
− Vacancy
−$3.3K −$0.99/SF
EGI
$57.2K $17.01/SF
− OpEx
−$17.1K −$5.10/SF
NOI
$40.0K $11.91/SF
Area
Atlanta, GA
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,160
Cap Rate 7%
$571,543
Cap Rate 9%
$444,533
Alternative Uses
Best Use
Multifamily LT 5
$571.5K
$500.1K – $666.8K
NOI $40,008 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$529.5K
$463.3K – $617.7K
NOI $37,062 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$939.2K
$821.8K – $1.10M
NOI $65,747 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
7,972
Businesses Nearby
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Business Placement
Demographics for 30312, GA
25,435
Population
15,787
Households
1.6
Avg Household Size
34
Median Age
65%
College-Educated
92%
High-School Grad
3.3 sq mi
ZIP Area
7,708
Density / Sq Mi
$75,963
Median Household Income
$70,268
Median Earnings
$1,594
Median Rent
$493,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Previously updated interiors now require repairs, with each residence offering a three-bedroom, two-bath layout.
Where is this quadplex located?
The property is located at 368 Irwin St Ne Atlanta, GA.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Four‑unit residential complex offered as one property; Each unit includes 3 bedrooms and 2 full baths; Approximately 840 square feet per unit
