Multifamily Residential Income
For Sale
$2,000,000
625 & 635 Jett Street, Atlanta, GA 30318
Multifamily asset for sale near downtown Atlanta, two blocks from the Westside Beltline Connector Trail.
Property Size7,675 SF
Days on Market37
Property Features for 625 & 635 Jett Street
General Information
Standard status
Active
Size
7,675 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Opportunity Zone
Yes
Building Details
Building Size
7,675 SF
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Andy Lundsberg · License #256959
Source:
Bullrealty
Added: Jul 26
Changed: Aug 26
Last Checked: Aug 30 at 1:46PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,178
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $150,182 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
