Turnkey Multifamily-Style
For Sale
$695,000
3904 Bakers Ferry Road SW, Atlanta, GA 30331
Residential Income, Atlanta, GA
Property Size2,464 SF
Lot Size0.36 Acres
Price / SF$282.06
Days on Market48
Property Features for 3904 Bakers Ferry Road SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Elementary school
Miles
Middle school
Young
High school
Mays
Directions
GPS
Standard status
Active
APN
14F0024 LL0461
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2396
Utilities
Sewer type
Septic Tank
Heating system
Central, Forced Air
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1962
Floors in Building
2
Number of units
1
Listing Agency:
Atlanta Communities
(770) 240-2001
Listed By:
Mark Hall
(770) 240-2000
Added: Jul 22
Changed: Sep 3
Last Checked: Sep 7 at 12:06PM
MLS# 10810647
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completely rebuilt in 2025, this turnkey, fully furnished brick ranch offers flexible living with 6 bedrooms and 4 full bathrooms, including two primary suites with private en-suite baths. The home’s interior features hardwood floors throughout, a welcoming foyer, an open, eat-in kitchen with a formal dining room, natural gas heating, and central air conditioning.
Outside, enjoy a full-length covered back porch overlooking a fenced backyard, along with an attached garage and an extended driveway for off-street parking. The property sits on a private, wooded corner lot.
According to the seller, the home has potential to generate up to $9,000 per month in short-term rental income; buyers should independently verify income projections and all applicable zoning, permit, and local short-term rental requirements. Owner financing may be available for qualified buyers with 20% down.
Outside, enjoy a full-length covered back porch overlooking a fenced backyard, along with an attached garage and an extended driveway for off-street parking. The property sits on a private, wooded corner lot.
According to the seller, the home has potential to generate up to $9,000 per month in short-term rental income; buyers should independently verify income projections and all applicable zoning, permit, and local short-term rental requirements. Owner financing may be available for qualified buyers with 20% down.
Key Highlights
- Completely rebuilt in 2025 brick ranch with 2,464 sq. ft. and 6 bedrooms/4 full bathrooms
- Two primary suites with private en‑suite baths, plus hardwood floors throughout
- Open floor plan with eat‑in kitchen and formal dining room
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
$29,719
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
4.28%
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%
$594,380
$594.4K
Cap Rate 7%
$424,557
$424.6K
Cap Rate 9%
$330,211
$330.2K
Market Conditions
NOI Build-Up for 2,464 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
$57.4K $23.28/SF
− Vacancy
−$3.3K −$1.35/SF
EGI
$54.0K $21.93/SF
− OpEx
−$24.3K −$9.87/SF
NOI
$29.7K $12.06/SF
Area
ZIP 30331
Vacancy
5.80%
Lease Rate
$23.28 /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%
$594,380
Cap Rate 7%
$424,557
Cap Rate 9%
$330,211
Alternative Uses
Best Use
Apartment 5plus
$424.6K
$371.5K – $495.3K
NOI $29,719 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$688.8K
$602.7K – $803.6K
NOI $48,215 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 30331, GA
60,770
Population
27,314
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
1,612
Density / Sq Mi
$61,548
Median Household Income
$41,047
Median Earnings
$1,264
Median Rent
$277,900
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?
Single family property - Completely rebuilt in 2025, this furnished 6-bedroom, 4-bath brick ranch includes two primary suites and a covered back porch.
Where is this single family property located?
The property is located at 3904 Bakers Ferry Road SW Atlanta, GA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Completely rebuilt in 2025 brick ranch with 2,464 sq. ft. and 6 bedrooms/4 full bathrooms; Two primary suites with private en‑suite baths, plus hardwood floors throughout; Open floor plan with eat‑in kitchen and formal dining room
