4-Unit Residential
For Sale
$789,900
368 NE Irwin Street, Atlanta, GA 30312
Residential Income, Atlanta, GA
Property Size3,360 SF
Lot Size0.02 Acres
Price / SF$235.09
Days on Market48
Property Features for 368 NE Irwin Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 6, Bedroom 12, Bathroom 2, Bedroom 4, Bedroom 9, Bedroom 1, Bedroom 5, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 7, Bathroom 8, Bedroom 2, Bedroom 7, Bedroom 6, Bedroom 3, Bedroom 8, Bedroom 10, Bedroom 11, Bathroom 3
Parking features
On Street
Fireplace
1
Subdivision
No Subdivision
Lot features
Less than 1/2 Acre
Directions
From I-85 N, Take Exit 248 B, Continue Onto Fort St Ne, Turn Right On Irwin St Ne, Property Is On The Left
Standard status
Active
APN
14 004600071016
Size
3,360 SF
Lot size
0.02 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Fireplace(s)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Number of units
4
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Realty River Cities
(706) 221-6900
Listed By:
Donna Dk Knowles Team
(706) 392-4930
Added: Sep 6
Changed: Oct 17
Last Checked: Oct 23 at 11:06AM
MLS# 234036
Copyright © 2026 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2005, this four-unit residential property contains 3,360 square feet in total. Each residence has three bedrooms and two full bathrooms, with approximately 840 square feet per unit. The units have had prior updates but currently require repairs. Features include central air conditioning, forced-air heat, fireplaces, vinyl siding, and public water and sewer service.
The property is a condominium complex, with a separate parcel number for each unit. The seller is offering all four units together rather than individually. Parking is on street.
The property is a condominium complex, with a separate parcel number for each unit. The seller is offering all four units together rather than individually. Parking is on street.
Key Highlights
- Four residences totaling 3,360 square feet
- Each unit has 3 bedrooms, 2 full baths, and approximately 840 square feet
- Condominium complex with a separate parcel number for each unit; offered only as a four‑unit package
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
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers three bedrooms, two full baths, central air, and a fireplace; the property is being sold as one package.
Where is this quadplex located?
The property is located at 368 NE Irwin Street 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 residences totaling 3,360 square feet; Each unit has 3 bedrooms, 2 full baths, and approximately 840 square feet; Condominium complex with a separate parcel number for each unit; offered only as a four‑unit package
