Historic Atlanta High-Rise
For Sale
$365,000
75 Ponce De Leon Avenue NE #804, Atlanta, GA 30308
Renovated historic apartment with skyline views and modern amenities.
Property Size1,136 SF
Price / SF$321.30
Days on Market421
Property Features for 75 Ponce De Leon Avenue NE #804
General Information
Standard status
Active
Size
1,136 SF
Property subtype
Condominium
Amenities
Central
Ceiling Fan(s)
Dishwasher
Disposal
Electric Oven
Electric Range
Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available, Composition
Building Details
Building Size
1,136 SF
Year Built
1913
Listing Agency:
Atlanta Fine Homes Sotheby's International
Listed By:
First MLS
(404) 998-9944
Source:
Kw
Added: Aug 25, 2025
Changed: Oct 14
Last Checked: Oct 19 at 3:48AM
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 Atlanta Fine Homes Sotheby's International
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Investment Insights
Based on property information with market context.
Originally opened in August 1913, The Ponce stands as one of Atlanta’s first true high-rise luxury apartment houses. Designed by New York architect William Lee Stoddart, the building features Renaissance Revival design with Italianate influences. A full unit renovation was completed in 2025, including a full kitchen and bathroom gut, refinished hardwood floors, new picture windows, and a fresh coat of interior paint. The living room offers bright, open views and architectural charm. The updated kitchen features quartz countertops, a carrera tile backsplash, and stainless steel appliances. The owner's suite includes a decorative fireplace, a sitting area, and a custom closet system, while the primary bathroom showcases tile walls and a frameless glass shower. The second bedroom includes an en-suite bathroom with a tub/shower combination. The unit also features a washer and dryer with built-in shelving. Residents enjoy access to a historic rooftop terrace with skyline views and outdoor seating. The building also features a grand entrance, a spiral staircase, an elegant lobby, a fitness center, and a community laundry room. A guest suite owned by the HOA is available to reserve for visitors. One dedicated parking space is included with the unit, and additional spaces may be rented. Storage units are also available for rent. Located within close reach of the Fox Theatre, Georgia Tech, Piedmont Park, the BeltLine, Midtown and Downtown restaurants, Centennial Park, Mercedes-Benz Stadium, and State Farm Arena, the property offers 1136 square feet of living space.
Key Highlights
- Unbeatable Location: Close to the Fox Theatre, Georgia Tech, Piedmont Park, the BeltLine, Midtown & Downtown restaurants, Centennial Park, Mercedes‑Benz Stadium, and State Farm Arena.
- Fully Renovated in 2025: Enjoy a completely updated kitchen and bathrooms, refinished hardwood floors, new picture windows, and fresh paint.
- Historic Landmark Building: Live in The Ponce, a prestigious 1913 high‑rise with Renaissance Revival architecture and a grand entrance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,530
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,600
$250.6K
Cap Rate 7%
$179,000
$179.0K
Cap Rate 9%
$139,222
$139.2K
Market Conditions
NOI Build-Up for 1,136 SF
Gross rent
$23.9K $21.00/SF
− Vacancy
−$1.1K −$0.95/SF
EGI
$22.8K $20.06/SF
− OpEx
−$10.3K −$9.02/SF
NOI
$12.5K $11.03/SF
Area
Atlanta, GA
Vacancy
4.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,600
Cap Rate 7%
$179,000
Cap Rate 9%
$139,222
Alternative Uses
Best Use
Apartment 5plus
$179.0K
$156.6K – $208.8K
NOI $12,530 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.6K
$277.9K – $370.5K
NOI $22,229 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
5,570
Businesses Nearby
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Business Placement
Demographics for 30308, GA
22,121
Population
16,007
Households
1.4
Avg Household Size
32
Median Age
74%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
13,826
Density / Sq Mi
$82,420
Median Household Income
$64,696
Median Earnings
$1,824
Median Rent
$387,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated historic apartment with skyline views and modern amenities.
Where is this apartment building located?
The property is located at 75 Ponce De Leon Avenue NE #804 Atlanta, GA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Unbeatable Location: Close to the Fox Theatre, Georgia Tech, Piedmont Park, the BeltLine, Midtown & Downtown restaurants, Centennial Park, Mercedes‑Benz Stadium, and State Farm Arena.; Fully Renovated in 2025: Enjoy a completely updated kitchen and bathrooms, refinished hardwood floors, new picture windows, and fresh paint.; Historic Landmark Building: Live in The Ponce, a prestigious 1913 high‑rise with Renaissance Revival architecture and a grand entrance.
