Modern Loft in Old Fourth
For Sale
$355,000
395 Central Park Place NE #610, Atlanta, GA 30312
Stylish 2-bedroom condo near BeltLine and Ponce City Market.
Property Size1,349 SF
Price / SF$263.16
Days on Market475
Property Features for 395 Central Park Place NE #610
General Information
Standard status
Active
Size
1,349 SF
Property subtype
Condominium
Amenities
Security System
Central
Ceiling Fan(s)
Central Air
Forced Air
Natural Gas
Dishwasher
Disposal
Dryer
ENERGY STAR Qualified Appliances
Gas Range
Microwave
Refrigerator
Self Cleaning Oven
Washer
Deck, Cable Available, Electricity Available, Natural Gas Available, Sewer Available
Building Details
Building Size
1,349 SF
Year Built
2002
Listing Agency:
Knight & Drews
Listed By:
First MLS
(619) 709-4262
Source:
Kw
Added: Jun 19, 2025
Changed: Oct 3
Last Checked: Oct 5 at 4:42PM
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 Knight & Drews
Investment Insights
Based on property information with market context.
Located in Atlanta’s Old Fourth Ward, Central Park Lofts offers a sleek and stylish 2-bedroom, 2-bathroom high-rise condo. The open-concept loft layout features soaring ceilings, polished concrete floors, and floor-to-ceiling windows that provide natural light. The modern kitchen includes quartz countertops, stainless steel appliances, and a sit-in island. A private balcony offers city views. The primary suite includes an en-suite bath and walk-in closet. The property has an assigned parking spot in the underground garage and a storage unit. The building has 35 units and is located steps from the BeltLine, Ponce City Market, restaurants, cafes, and green spaces. The property is investor friendly and offers urban living and architectural character.
Key Highlights
- Prime Old Fourth Ward location: Steps from the BeltLine, Ponce City Market, restaurants, cafes, and green spaces.
- Modern, open‑concept loft with soaring ceilings, polished concrete floors, and floor‑to‑ceiling windows.
- Private balcony with breathtaking city views.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,880
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,600
$297.6K
Cap Rate 7%
$212,571
$212.6K
Cap Rate 9%
$165,333
$165.3K
Market Conditions
NOI Build-Up for 1,349 SF
Gross rent
$28.3K $21.00/SF
− Vacancy
−$1.3K −$0.95/SF
EGI
$27.1K $20.06/SF
− OpEx
−$12.2K −$9.02/SF
NOI
$14.9K $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 Rate 5%
$297,600
Cap Rate 7%
$212,571
Cap Rate 9%
$165,333
Alternative Uses
Best Use
Apartment 5plus
$212.6K
$186.0K – $248.0K
NOI $14,880 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.1K
$330.0K – $440.0K
NOI $26,397 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,053
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Stylish 2-bedroom condo near BeltLine and Ponce City Market.
Where is this apartment building located?
The property is located at 395 Central Park Place NE #610 Atlanta, GA.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Prime Old Fourth Ward location: Steps from the BeltLine, Ponce City Market, restaurants, cafes, and green spaces.; Modern, open‑concept loft with soaring ceilings, polished concrete floors, and floor‑to‑ceiling windows.; Private balcony with breathtaking city views.
