Renovated Residential Income
For Sale
Contact for pricing
417 8th Street NE, Atlanta, GA 30309
Top-floor residence features three bedrooms, two bathrooms, and in-unit laundry.
Property Size1,406 SF
Days on Market70
Property Features for 417 8th Street NE
General Information
Standard status
Active
Size
1,406 SF
Property subtype
Apartment
Building Details
Building Size
1,406 SF
Year Built
1920
Listing Agency:
Compass
Listed By:
Dylan Corbett
(404) 668-6621
Source:
Matthewgriffin.kw
Added: Aug 12
Changed: Oct 6
Last Checked: Oct 19 at 3:40AM
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 Compass
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Investment Insights
Based on property information with market context.
This top-floor residential income property at 417 8th Street NE in Atlanta combines a recently renovated interior with a three-bedroom, two-bathroom layout. Hardwood flooring, decorative fireplaces, updated kitchen appliances, and in-unit washer and dryer equipment are among the stated improvements. Abundant natural light adds to the interior presentation, while the 1920 construction date provides historic context.
The property is positioned in Midtown with walkable access to Piedmont Park, the Atlanta Beltline, Trader Joe’s, Midtown High School, movie theaters, coffee shops, retail, and restaurants. Its residential configuration and renovated features provide a clear overview for evaluating the asset as an income property in an established urban setting.
The property is positioned in Midtown with walkable access to Piedmont Park, the Atlanta Beltline, Trader Joe’s, Midtown High School, movie theaters, coffee shops, retail, and restaurants. Its residential configuration and renovated features provide a clear overview for evaluating the asset as an income property in an established urban setting.
Key Highlights
- Three‑bedroom, two‑bathroom top‑floor unit
- Recently renovated interior with hardwood floors
- New kitchen appliances and in‑unit washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,509
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,180
$310.2K
Cap Rate 7%
$221,557
$221.6K
Cap Rate 9%
$172,322
$172.3K
Market Conditions
NOI Build-Up for 1,406 SF
Gross rent
$29.5K $21.00/SF
− Vacancy
−$1.3K −$0.95/SF
EGI
$28.2K $20.06/SF
− OpEx
−$12.7K −$9.02/SF
NOI
$15.5K $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%
$310,180
Cap Rate 7%
$221,557
Cap Rate 9%
$172,322
Alternative Uses
Best Use
Apartment 5plus
$221.6K
$193.9K – $258.5K
NOI $15,509 @ 7.0% cap · market cap 430.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.0K
$343.9K – $458.5K
NOI $27,512 @ 7.0% cap · market cap 764.22%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,435
Businesses Nearby
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Business Placement
Demographics for 30309, GA
31,856
Population
20,558
Households
1.5
Avg Household Size
34
Median Age
84%
College-Educated
98%
High-School Grad
3.3 sq mi
ZIP Area
9,653
Density / Sq Mi
$111,894
Median Household Income
$81,517
Median Earnings
$2,123
Median Rent
$414,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor residence features three bedrooms, two bathrooms, and in-unit laundry.
Where is this residential income property located?
The property is located at 417 8th Street NE Atlanta, GA.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom top‑floor unit; Recently renovated interior with hardwood floors; New kitchen appliances and in‑unit washer/dryer
