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Updated Fourplex Near BeltLine
For Sale
$899,000

588 Parkway Dr NE, Atlanta, GA 30308

Four one-bedroom residences with refreshed interiors, recent major-system updates, and an open rear area on an RG-4 lot.

Property SizeContact for details
Lot Size0.17 Acres
Days on Market57

Property Features for 588 Parkway Dr NE

General Information

Standard status Active
Lot size 0.17 Acres
Property subtype Multi-Family
Zoning RG-4

Property Condition

Severity Repairs Needed
Evidence quick refresh

Units

Unit Mix 4 x 1BR
Multifamily Units 4

Building Details

Year Built 1920
Buildings 1
Listing Agency: Vision Residential Realty
Listed By: DANIEL LATSHAW · License #240668
Source: Leagrouprealestate
Added: Aug 21 Changed: Oct 2 Last Checked: Oct 7 at 1:41PM

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 Vision Residential Realty

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Investment Insights

Based on property information with market context.

Built in 1920, this fourplex contains four one-bedroom units with updated kitchens and flooring. The property has a roof installed in 2018 and HVAC replaced in 2019. Three residences are leased, while the fourth has recently become vacant, been cleaned, and is ready for a refresh before re-leasing.

The property sits at 588 Parkway Drive NE in Atlanta’s Old Fourth Ward, directly across from The Darwin boutique hotel and near Ponce City Market, the BeltLine, and Central Park. The 7,501-square-foot RG-4 lot includes substantial open space behind the building. Any future use of that area remains subject to zoning and City approval.

Key Highlights

  • Four one‑bedroom units in a 1920‑built quadplex
  • Updated kitchens and flooring throughout the residences
  • Roof replaced in 2018; HVAC replaced in 2019

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Electrical Service Nursing Home Furniture & Home Goods Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

3,546
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four one-bedroom residences with refreshed interiors, recent major-system updates, and an open rear area on an RG-4 lot.
Where is this quadplex located?
The property is located at 588 Parkway Dr NE Atlanta, GA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four one‑bedroom units in a 1920‑built quadplex; Updated kitchens and flooring throughout the residences; Roof replaced in 2018; HVAC replaced in 2019
More about this property
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