Tenant-Occupied
New
For Sale
$349,900
494 Birney Street NE, Marietta, GA 30060
Two separate residences are leased, with two bedrooms and one bathroom in each unit.
Property Size1,962 SF
Days on Market6
Property Features for 494 Birney Street NE
General Information
Standard status
Active
Size
1,962 SF
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
ceiling fans
fireplaces
separate entrances
0.148 acres
Public Sewer
Parcel Number: 16-1143-0-056-0, Annual Amount: $744, Year: 2025
Ceiling Fan(s), Central Air
Central
Listing ID: 10874578, Standard Status: Active, MLS Status: New, On market as of 2026-10-15, 3 days on market, Special Conditions: Agent/Seller Relationship, Investor Owned, No Disclosure
Off Street
Elementary School: West Side, Middle School: Marietta, High School: Marietta
Built in 1962, Levels: One, Construction Materials: Stone Frame
Subdivision: Historic Marietta, County/Parish: Cobb
Resale
Park, Walk To Public Transit, Walk To Schools, Walk To Shopping
Water Source: Public
Close Of Escrow
Water Body Name: NONE
Association Fee: $0
Building Details
Building Size
1,962 SF
Year Built
1962
Listing Agency:
RE/MAX Pure
(770) 528-9655
Listed By:
Kyle W Duncan · License #331415
(678) 773-5791
Source:
Blackstreaminternational
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 6:45AM
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 RE/MAX Pure
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Investment Insights
Based on property information with market context.
Built in 1962, this duplex contains two residences, each with two bedrooms, one full bathroom, and its own entrance. Both units are occupied by tenants. Interior features include wood-look flooring, crown molding, ceiling fans, and fireplaces. Each kitchen has white cabinetry, black appliances, and ample counter space.
The property is near downtown Marietta, with shopping, dining, parks, and major commuter routes in the surrounding area.
The property is near downtown Marietta, with shopping, dining, parks, and major commuter routes in the surrounding area.
Key Highlights
- Both units are tenant‑occupied
- Each residence has 2 bedrooms and 1 full bathroom
- Separate entrances for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,508
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,160
$570.2K
Cap Rate 7%
$407,257
$407.3K
Cap Rate 9%
$316,756
$316.8K
Market Conditions
NOI Build-Up for 1,962 SF
Gross rent
$43.6K $22.20/SF
− Vacancy
−$2.8K −$1.44/SF
EGI
$40.7K $20.76/SF
− OpEx
−$12.2K −$6.23/SF
NOI
$28.5K $14.53/SF
Area
Cobb County, GA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,160
Cap Rate 7%
$407,257
Cap Rate 9%
$316,756
Alternative Uses
Best Use
Multifamily LT 5
$407.3K
$356.4K – $475.1K
NOI $28,508 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$376.5K
$329.5K – $439.3K
NOI $26,358 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$550.9K
$482.1K – $642.8K
NOI $38,565 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 30060, GA
39,890
Population
15,036
Households
2.7
Avg Household Size
32
Median Age
29%
College-Educated
79%
High-School Grad
15.5 sq mi
ZIP Area
2,574
Density / Sq Mi
$62,180
Median Household Income
$34,537
Median Earnings
$1,344
Median Rent
$282,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences are leased, with two bedrooms and one bathroom in each unit.
Where is this duplex located?
The property is located at 494 Birney Street NE Marietta, GA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Both units are tenant‑occupied; Each residence has 2 bedrooms and 1 full bathroom; Separate entrances for the two units
