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Four-Unit Duplex Property
New
For Sale
$550,000

667 Thurmond Street NW, Atlanta, GA 30314

Four leased apartments generate rental income, with renovations in three units and new roofs on both buildings.

Property SizeContact for details
Days on Market6

Property Features for 667 Thurmond Street NW

General Information

Standard status Active
Property subtype Duplex
Occupancy 100%

Land

Land Use residential
Entitled No

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Additional Details

Cap Rate 11%
Public Transit Yes

Taxes and HOA fees

Annual Taxes $1,636

Building Details

Year Built 1950
Buildings 2
Listing Agency: Keller Williams Buckhead
Listed By: Abbie Agents · License #311455
Source: Beacham
Added: Sep 22 Changed: Sep 24 Last Checked: Sep 26 at 11:17AM

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 Buckhead

Investment Insights

Based on property information with market context.

The offering includes two neighboring duplexes built in 1950, with four one-bedroom, one-bath apartments in total. All units are leased, and the stated cap rate is approximately 11%. Both buildings have new roofs; three apartments have received interior updates, including flooring, countertops, appliances, bath vanities, and mini-split HVAC systems. The fourth apartment has a long-term occupant. The rentals are Section 8-approved, and the property has been upzoned for greater density, with redevelopment subject to zoning, permitting, and other approvals.

The properties are on Thurmond Street in Atlanta’s Vine City area, near Vine City MARTA, Mercedes-Benz Stadium, and Rodney Cook Sr. Park. Other nearby destinations include Downtown Atlanta, Georgia Tech, State Farm Arena, and Centennial Olympic Park.

Key Highlights

  • Two adjacent duplex buildings contain four 1‑bedroom, 1‑bath apartments
  • All four apartments are leased; stated cap rate is approximately 11%
  • New roofs on both buildings; three units have interior updates and mini‑split HVAC

Property Analytics

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Current Use

Duplexes

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.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,416
Businesses Nearby

Demographics for 30314, GA

20,598
Population
9,900
Households
2.1
Avg Household Size
29
Median Age
30%
College-Educated
84%
High-School Grad
4.6 sq mi
ZIP Area
4,478
Density / Sq Mi
$36,870
Median Household Income
$24,810
Median Earnings
$991
Median Rent
$210,300
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
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Frequently Asked Questions

What type of property is this?
Duplex - Four leased apartments generate rental income, with renovations in three units and new roofs on both buildings.
Where is this duplex located?
The property is located at 667 Thurmond Street NW Atlanta, GA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two adjacent duplex buildings contain four 1‑bedroom, 1‑bath apartments; All four apartments are leased; stated cap rate is approximately 11%; New roofs on both buildings; three units have interior updates and mini‑split HVAC
More about this property
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