Four-Unit Multifamily
For Sale
$515,000
634 Jolly Avenue S, Clarkston, GA 30021
Three residences have recent renovations, while one is vacant and another offers renovation potential.
Property Size1,972 SF
Days on Market16
Property Features for 634 Jolly Avenue S
General Information
Standard status
Active
Size
1,972 SF
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
0.1 acres
Public Sewer
Parcel Number: 18 066 14 002, Annual Amount: $3,678, Year: 2025
Central Air
Central
Listing ID: 10870995, Standard Status: Active, MLS Status: New, On market as of 2026-10-01, 13 days on market, Special Conditions: As Is, Investor Owned
8 total parking spaces, Assigned
Elementary School: Indian Creek, Middle School: Freedom, High School: Clarkston
Built in 1972, Levels: Two, Construction Materials: Brick
County/Parish: DeKalb
Updated/Remodeled
Sidewalks, Street Lights
Water Source: Public
Close Of Escrow
Energy Efficiency: Appliances
Water Body Name: NONE
Association Fee: $0, Fee Includes: Trash
Building Details
Building Size
1,972 SF
Year Built
1972
Listing Agency:
Keller Williams Realty North Atlanta
(770) 663-7291
Listed By:
Youssef Fahmane · License #274619
(404) 915-3566
Source:
Blackstreaminternational
Added: Oct 1
Changed: Oct 15
Last Checked: Oct 15 at 12:45AM
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 North Atlanta
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Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1972 and has a mix of renovated and unrenovated interiors. Units 1, 3, and 4 have undergone recent renovations; Unit 2 remains available for renovation. Unit 1 is vacant, while Units 2, 3, and 4 are occupied under annual leases.
The property is at 634 Jolly Avenue S in Clarkston, Georgia, minutes from Interstate 285 and the DeKalb Farmers Market.
The property is at 634 Jolly Avenue S in Clarkston, Georgia, minutes from Interstate 285 and the DeKalb Farmers Market.
Key Highlights
- Four residential units in a multifamily property
- Units 1, 3, and 4 have been renovated
- Unit 2 offers renovation potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,653
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,060
$573.1K
Cap Rate 7%
$409,329
$409.3K
Cap Rate 9%
$318,367
$318.4K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$43.8K $22.20/SF
− Vacancy
−$2.8K −$1.44/SF
EGI
$40.9K $20.76/SF
− OpEx
−$12.3K −$6.23/SF
NOI
$28.7K $14.53/SF
Area
DeKalb County, GA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,060
Cap Rate 7%
$409,329
Cap Rate 9%
$318,367
Alternative Uses
Best Use
Multifamily LT 5
$409.3K
$358.2K – $477.6K
NOI $28,653 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$378.5K
$331.2K – $441.5K
NOI $26,492 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$551.2K
$482.3K – $643.1K
NOI $38,587 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 30021, GA
25,442
Population
8,416
Households
3
Avg Household Size
29
Median Age
23%
College-Educated
77%
High-School Grad
3.6 sq mi
ZIP Area
7,067
Density / Sq Mi
$48,158
Median Household Income
$29,162
Median Earnings
$1,265
Median Rent
$256,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences have recent renovations, while one is vacant and another offers renovation potential.
Where is this quadplex located?
The property is located at 634 Jolly Avenue S Clarkston, GA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Four residential units in a multifamily property; Units 1, 3, and 4 have been renovated; Unit 2 offers renovation potential
