6-Unit Apartment
New
For Sale
$750,000
522 Rankin St NE, Atlanta, GA 30308
The building combines studio, one-bedroom, and two-bedroom units with private off-street parking behind the property.
Property Size5,685 SF
Days on Market3
Property Features for 522 Rankin St NE
General Information
Standard status
Active
Size
5,685 SF
Property subtype
Multifamily
Zoning
R-5, Beltline Overlay
Property Condition
Severity
Repairs Needed
Evidence
unrenovated condition
Additional Details
Multifamily Units
6
Building Details
Building Size
5,685 SF
Listing Agency:
Bull Realty
Listed By:
Andy Lundsberg · License #256959
(404) 876-1640
Source:
Bullrealty
Added: Oct 11
Last Checked: Oct 12 at 5:22PM
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
Investment Insights
Based on property information with market context.
This six-unit apartment building in Atlanta’s Old Fourth Ward includes studios, one-bedroom units, and two-bedroom units. The property is unrenovated and will be delivered vacant. Private off-street parking is located at the rear.
The property is at 522 Rankin St NE, Atlanta, GA 30308, and is zoned R-5 with a Beltline Overlay.
The property is at 522 Rankin St NE, Atlanta, GA 30308, and is zoned R-5 with a Beltline Overlay.
Key Highlights
- Six apartment units
- Mix of studios, one‑bedroom, and two‑bedroom units
- Unrenovated condition; delivery is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,707
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,140
$1.3M
Cap Rate 7%
$895,814
$895.8K
Cap Rate 9%
$696,744
$696.7K
Market Conditions
NOI Build-Up for 5,685 SF
Gross rent
$119.4K $21.00/SF
− Vacancy
−$5.4K −$0.95/SF
EGI
$114.0K $20.06/SF
− OpEx
−$51.3K −$9.02/SF
NOI
$62.7K $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%
$1,254,140
Cap Rate 7%
$895,814
Cap Rate 9%
$696,744
Alternative Uses
Best Use
Apartment 5plus
$895.8K
$783.8K – $1.05M
NOI $62,707 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,242 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
Explore this area
Business Placement
Demographics for 30308, GA
22,121
Population
16,007
Households
1.4
Avg Household Size
32
Median Age
74%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
13,826
Density / Sq Mi
$82,420
Median Household Income
$64,696
Median Earnings
$1,824
Median Rent
$387,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - The building combines studio, one-bedroom, and two-bedroom units with private off-street parking behind the property.
Where is this apartment building located?
The property is located at 522 Rankin St NE Atlanta, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Six apartment units; Mix of studios, one‑bedroom, and two‑bedroom units; Unrenovated condition; delivery is vacant
