Historic Duplex with Original
For Sale
$684,000
424 Euclid Terrace NE, Atlanta, GA 30307
Residential Income, Atlanta, GA
Property Size1,649 SF
Lot Size0.18 Acres
Price / SF$414.80
Days on Market26
Property Features for 424 Euclid Terrace NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Subdivision
Candler Park
Elementary school
Mary Lin
Middle school
David T Howard
High school
Midtown
Directions
From I-75/I-85, take Exit 248C for Freedom Parkway. Follow Freedom Parkway east, turn right onto Moreland Avenue, then left onto McLendon Avenue. Turn left onto Euclid Terrace NE. 424 Euclid Terrace will be on the right.
Standard status
Active
APN
15 240 03 059
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fireplaces
Building Details
Year built
1920
Floors in Building
1
Number of units
2
Flooring type
Tile, Hardwood
Listing Agency:
Atlanta Fine Homes Sotheby's International · Sotheby's International Realty
(404) 874-0300
Listed By:
Nicole Griffin
(678) 790-8760
Added: Jul 30
Changed: Aug 20
Last Checked: Aug 24 at 7:06PM
MLS# 7817031
Copyright © 2026 First Multiple Listing Service, Inc. 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.
Built in 1920, this duplex contains approximately 1,649 square feet of living space on a 0.18-acre lot. The property includes 2 bedrooms and 2 bathrooms, with hardwood and tile flooring, central heating, central air, and driveway parking. Original fireplaces are present in each unit, adding a defined architectural feature to the interiors. Public water and public sewer serve the property, with cable available.
The duplex is located at 424 Euclid Terrace NE in Atlanta’s Candler Park area, near Candler Park, neighborhood shops and restaurants, Little Five Points, MARTA, and nearby trails. The property is being sold as-is.
The duplex is located at 424 Euclid Terrace NE in Atlanta’s Candler Park area, near Candler Park, neighborhood shops and restaurants, Little Five Points, MARTA, and nearby trails. The property is being sold as-is.
Key Highlights
- Duplex built in 1920
- Approximately 1,649 square feet on a 0.18‑acre lot
- 2 bedrooms and 2 bathrooms
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
$19,635
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
2.87%
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%
$392,700
$392.7K
Cap Rate 7%
$280,500
$280.5K
Cap Rate 9%
$218,167
$218.2K
Market Conditions
NOI Build-Up for 1,649 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
$29.7K $18.00/SF
− Vacancy
−$1.6K −$0.99/SF
EGI
$28.0K $17.01/SF
− OpEx
−$8.4K −$5.10/SF
NOI
$19.6K $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 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%
$392,700
Cap Rate 7%
$280,500
Cap Rate 9%
$218,167
Alternative Uses
Best Use
Multifamily LT 5
$280.5K
$245.4K – $327.3K
NOI $19,635 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$259.8K
$227.4K – $303.2K
NOI $18,189 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$461.0K
$403.3K – $537.8K
NOI $32,267 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,669
Businesses Nearby
Explore this area
Business Placement
Demographics for 30307, GA
20,807
Population
10,308
Households
2
Avg Household Size
37
Median Age
82%
College-Educated
98%
High-School Grad
4.5 sq mi
ZIP Area
4,624
Density / Sq Mi
$147,553
Median Household Income
$86,485
Median Earnings
$2,001
Median Rent
$704,100
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?
Duplex - Two-unit property with central heating, central air, hardwood and tile flooring, and driveway parking.
Where is this duplex located?
The property is located at 424 Euclid Terrace NE Atlanta, GA.
What is the asking price?
The asking price for this property is $684,000.
What are key features of this property?
This property features: Duplex built in 1920; Approximately 1,649 square feet on a 0.18‑acre lot; 2 bedrooms and 2 bathrooms
