10-Unit Apartment
407 Sunset Ave NW, Atlanta, GA 30314
For Sale
$1,050,000
R5-zoned apartment property with one- and two-bedroom units near Downtown Atlanta.
Property Size5,136 SF
Price / SF$204.44
Days on Market96
Property Features for 407 Sunset Ave NW
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Bull Realty
Listed By:
Andy Lundsberg · License GA #256959
(404) 876-1640
Source:
Bullrealty
Added: Aug 8
Changed: Nov 4
Last Checked: Nov 10 at 6:37AM
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
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Investment Insights
Based on property information with market context.
This bank-owned apartment property contains 10 residential units in a building constructed in 1955. The unit mix includes eight one-bedroom, one-bath residences and two two-bedroom, one-bath residences. Current occupancy is 60%, providing a defined operating profile for review.
The property is located in English Avenue, south of West Midtown and Georgia Tech, with proximity to Downtown Atlanta. R5 zoning supports its multifamily classification. The existing unit configuration offers a mix of smaller and larger apartments within one residential asset.
The property is located in English Avenue, south of West Midtown and Georgia Tech, with proximity to Downtown Atlanta. R5 zoning supports its multifamily classification. The existing unit configuration offers a mix of smaller and larger apartments within one residential asset.
Key Highlights
- 10‑unit apartment property built in 1955
- Unit mix includes eight 1 BR / 1 BA and two 2 BR / 1 BA units
- Currently 60% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,651
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,020
$1.1M
Cap Rate 7%
$809,300
$809.3K
Cap Rate 9%
$629,456
$629.5K
Market Conditions
NOI Build-Up for 5,136 SF
Gross rent
$107.9K $21.00/SF
− Vacancy
−$4.9K −$0.95/SF
EGI
$103.0K $20.06/SF
− OpEx
−$46.4K −$9.02/SF
NOI
$56.7K $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%
$1,133,020
Cap Rate 7%
$809,300
Cap Rate 9%
$629,456
Alternative Uses
Best Use
Apartment 5plus
$809.3K
$708.1K – $944.2K
NOI $56,651 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,500 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
60%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 30314, GA
20,598
Population
9,900
Households
2.1
Avg Household Size
29
Median Age
30%
College-Educated
84%
High-School Grad
4.6 sq mi
ZIP Area
4,478
Density / Sq Mi
$36,870
Median Household Income
$24,810
Median Earnings
$991
Median Rent
$210,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Atlanta, GA
Properties on Market for Apartment buildings in Atlanta
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - R5-zoned apartment property with one- and two-bedroom units near Downtown Atlanta.
Where is this apartment building located?
The property is located at 407 Sunset Ave NW Atlanta, GA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 10‑unit apartment property built in 1955; Unit mix includes eight 1 BR / 1 BA and two 2 BR / 1 BA units; Currently 60% occupied
