Corner Unit Condo in
For Sale
$335,000
4810 Ivy Ridge Drive SE #204, Smyrna, GA 30339
Well-maintained 2-bedroom condo with resort-style amenities and convenient location.
Property Size1,630 SF
Price / SF$205.52
Days on Market390
Property Features for 4810 Ivy Ridge Drive SE #204
General Information
Standard status
Active
Size
1,630 SF
Property subtype
Condominium
Building Details
Year Built
2003
Listing Agency:
Atlanta Communities
(404) 918-8752
Listed By:
First MLS
(404) 918-8752
Source:
Kw
Added: Jul 12, 2025
Changed: Jul 6
Last Checked: Aug 5 at 12:04PM
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 Atlanta Communities
Investment Insights
Based on property information with market context.
This beautifully maintained corner unit is located on the first floor of Olde Ivy. The light-filled condo features an open-concept layout with granite countertops, built-in bookshelves, and a fireplace. The oversized primary suite includes a double vanity, a soaking tub with shower, and a walk-in closet. A large private deck is also included. The unit also features an in-unit washer and dryer, a reserved parking spot in the deck, and a private storage unit. Please note that there is no refrigerator. Olde Ivy is a gated community with amenities including a pool, clubhouse, fitness center, and landscaped walking trails. The HOA hosts monthly social events. The property is located minutes from Truist Park and the heart of Vinings, with access to I-285.
Key Highlights
- Gated community with resort‑style amenities: pool, clubhouse, fitness center, walking trails.
- Prime location: minutes from Truist Park, Vinings, and I‑285 access.
- Oversized primary suite**: double vanity, soaking tub with shower, walk‑in closet.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.4k | $26.04 |
| − Vacancy | −$2.6k | −$1.61 |
| EGI | $39.8k | $24.43 |
| − OpEx | −$17.9k | −$10.99 |
| NOI | $21.9k | $13.43 |
1,630 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$312.8K
$273.7K – $365.0K
NOI $21,897 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.7K
$400.5K – $534.0K
NOI $32,039 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,409
Businesses Nearby
Explore this area
Business Placement
Demographics for 30339, GA
31,490
Population
21,303
Households
1.5
Avg Household Size
35
Median Age
71%
College-Educated
99%
High-School Grad
9.9 sq mi
ZIP Area
3,181
Density / Sq Mi
$101,049
Median Household Income
$66,949
Median Earnings
$1,820
Median Rent
$437,300
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?
Apartment building - Well-maintained 2-bedroom condo with resort-style amenities and convenient location.
Where is this apartment building located?
The property is located at 4810 Ivy Ridge Drive SE #204 Smyrna, GA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Gated community with resort‑style amenities: pool, clubhouse, fitness center, walking trails.; Prime location: minutes from Truist Park, Vinings, and I‑285 access.; Oversized primary suite**: double vanity, soaking tub with shower, walk‑in closet.
