Apartment Building with Assigned
For Sale
$395,000
623 Nassau Street, Forest Park, GA 30297
Current rents include utilities, which are paid by the landlord.
Property Size1,967 SF
Days on Market11
Property Features for 623 Nassau Street
General Information
Standard status
Active
Size
1,967 SF
Property subtype
Multifamily
Amenities
0.36 acres
Public Sewer
Parcel Number: 13114C A014, Annual Amount: $3,751.67, Year: 25
Ceiling Fan(s), Central Air
Central
Listing ID: 10866634, Standard Status: Active, MLS Status: New, On market as of 2026-10-03, Special Conditions: As Is, Investor Owned, Rental
Assigned, Parking Pad
Elementary School: Haynie, Middle School: Babb, High School: Drew
Built in 1967, Levels: One and One Half, Construction Materials: Brick, Press Board, Synthetic Stucco
Subdivision: Holiday Hills, County/Parish: Clayton
Resale
Electricity Billing Prorated, Gas Billing Prorated, Sewer Connected, Water Billing Prorated, Water Source: Public
Close Of Escrow
Fee Includes: None
Building Details
Building Size
1,967 SF
Year Built
1967
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 692-0888
Listed By:
Angelica Diaz · License #307342
(404) 379-3060
Source:
Blackstreaminternational
Added: Oct 3
Changed: Oct 11
Last Checked: Oct 12 at 8:25PM
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 Keller Williams Realty Atl. Partners
Investment Insights
Based on property information with market context.
This apartment property dates to 1967 and has assigned parking for each unit. The roof and HVAC systems were replaced in 2019, and the water heater is six years old. Current rents include utilities, with the landlord responsible for utility and trash costs. Most units and the house are on month-to-month arrangements; Units 1 and 2 are exceptions.
The property is 7.3 miles from Atlanta International Airport and 3.6 miles from the farmers market. Shopping and restaurants are within 2 miles.
The property is 7.3 miles from Atlanta International Airport and 3.6 miles from the farmers market. Shopping and restaurants are within 2 miles.
Key Highlights
- Assigned parking provided for each unit
- Roof replaced in 2019; HVAC systems also date to 2019
- Built in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,425
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,500
$528.5K
Cap Rate 7%
$377,500
$377.5K
Cap Rate 9%
$293,611
$293.6K
Market Conditions
NOI Build-Up for 1,967 SF
Gross rent
$51.2K $26.04/SF
− Vacancy
−$3.2K −$1.61/SF
EGI
$48.0K $24.43/SF
− OpEx
−$21.6K −$10.99/SF
NOI
$26.4K $13.43/SF
Area
Clayton County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,500
Cap Rate 7%
$377,500
Cap Rate 9%
$293,611
Alternative Uses
Best Use
Apartment 5plus
$377.5K
$330.3K – $440.4K
NOI $26,425 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$549.9K
$481.1K – $641.5K
NOI $38,490 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 30297, GA
29,669
Population
11,438
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
75%
High-School Grad
11.0 sq mi
ZIP Area
2,697
Density / Sq Mi
$45,975
Median Household Income
$34,330
Median Earnings
$1,144
Median Rent
$121,400
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Current rents include utilities, which are paid by the landlord.
Where is this apartment building located?
The property is located at 623 Nassau Street Forest Park, GA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Assigned parking provided for each unit; Roof replaced in 2019; HVAC systems also date to 2019; Built in 1967
