Building Details

Building Size 7,675 SF

Listing Agency: Bull Realty

Listed By: Andy Lundsberg · License #256959 Show Phone

Source: Bullrealty

Added: Jul 26 Changed: Oct 7 Last Checked: Oct 9 at 4:53PM

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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 multifamily residential income property is for sale and includes two addresses: 625 & 635 Jett Street. The offering is positioned in an opportunity zone described in the public remarks, supporting tenant and investor interest in the area.

According to the provided information, the property is near downtown Atlanta and is just two blocks from the Atlanta Westside Beltline Connector Trail. It is also described as being within walking distance of Georgia Tech University.

Additional details such as unit mix, square footage, and current tenancy were not provided with the information received.

Key Highlights

• Multifamily asset for sale near downtown Atlanta
• Built in 1947
• About two blocks from the Atlanta Westside Beltline Connector Trail

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$92,178

Cap Rate

4.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,843,560 $1.8M

Cap Rate 7%

$1,316,829 $1.3M

Cap Rate 9%

$1,024,200 $1.0M

Market Conditions

NOI Build-Up for 7,675 SF

Gross rent

$178.7K $23.28/SF

− Vacancy

−$11.1K −$1.44/SF

EGI

$167.6K $21.84/SF

− OpEx

−$75.4K −$9.83/SF

NOI

$92.2K $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%

$1,843,560

Cap Rate 7%

$1,316,829

Cap Rate 9%

$1,024,200

Alternative Uses

Best Use

Apartment 5plus

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,178 @ 7.0% cap · market cap 4.61%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.15M

$1.88M – $2.50M (±1% cap)

NOI $150,182 @ 7.0% cap · market cap 7.51%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Acupuncture Florist Home Appliance 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.

Location Intelligence

Trade Area within ½ mile

1,388

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily asset for sale near downtown Atlanta, two blocks from the Westside Beltline Connector Trail.

Where is this multifamily property located?

The property is located at 625 & 635 Jett Street Atlanta, GA.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Multifamily asset for sale near downtown Atlanta; Built in 1947; About two blocks from the Atlanta Westside Beltline Connector Trail