8-Unit Apartment
537 Sunset Ave NW, Atlanta, GA 30318
For Sale
New
$1,349,000
Seven residences are leased, and tenants pay their own electricity.
Property Size5,548 SF
Days on Market6
Property Features for 537 Sunset Ave NW
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
Attractive pricing and in-place yield
Central Westside location
Clear, achievable revenue upside
Neighborhood and market momentum
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Atlanta Office
Listed By:
Marco Welch
(678) 808-2735
Source:
Marcusmillichap
Added: Nov 4
Last Checked: Nov 8 at 2:17AM
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 Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1961, this apartment property contains eight units, each configured with two bedrooms and one bathroom. The units average approximately 694 square feet. Seven are currently leased, and residents pay their own electricity.
The property is on Sunset Avenue in Atlanta’s English Avenue neighborhood, less than a mile west of downtown.
The property is on Sunset Avenue in Atlanta’s English Avenue neighborhood, less than a mile west of downtown.
Key Highlights
- Eight apartments, each with two bedrooms and one bathroom
- Units average approximately 694 square feet
- Seven of eight units are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,632
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,332,640
$1.3M
Cap Rate 7%
$951,886
$951.9K
Cap Rate 9%
$740,356
$740.4K
Market Conditions
NOI Build-Up for 5,548 SF
Gross rent
$129.2K $23.28/SF
− Vacancy
−$8.0K −$1.44/SF
EGI
$121.1K $21.84/SF
− OpEx
−$54.5K −$9.83/SF
NOI
$66.6K $12.01/SF
Area
ZIP 30318
Vacancy
6.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,332,640
Cap Rate 7%
$951,886
Cap Rate 9%
$740,356
Alternative Uses
Best Use
Apartment 5plus
$951.9K
$832.9K – $1.11M
NOI $66,632 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,561 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
87.5%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,458
Businesses Nearby
Explore this area
Business Placement
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Atlanta, GA
Properties on Market for Apartment buildings in Atlanta
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven residences are leased, and tenants pay their own electricity.
Where is this apartment building located?
The property is located at 537 Sunset Ave NW Atlanta, GA.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Eight apartments, each with two bedrooms and one bathroom; Units average approximately 694 square feet; Seven of eight units are leased
