Quadplex with Outdoor
For Sale
$1,225,000
757 Monroe Dr, Atlanta, GA 30308
All four residences are leased, with separate off-street parking and shared covered outdoor areas.
Property Size3,836 SF
Price / SF$319.34
Days on Market9
Property Features for 757 Monroe Dr
General Information
Standard status
Active
Size
3,836 SF
Total Parking Spaces
4
Property subtype
Commercial
Occupancy
100%
Site & Location
Neighborhood
Midtown
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Amenities
patio
deck
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Atlanta Fine Homes Sotheby's International
Listed By:
Chance Gaither (404-662-1982) · License #414218
(352) 497-3636
Source:
Atlantagahomesearch
Added: Oct 26
Changed: Nov 3
Last Checked: Oct 28 at 5:09AM
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.
This 3,836-square-foot quadplex comprises four condominium residences, all currently leased. Covered patio areas sit at the front and rear, with additional deck space. The property also has four private off-street parking spaces behind the building. HardiePlank siding was replaced in 2021, the roof was installed in mid-2022, and two residences have new HVAC systems. The foyer has been freshly painted and fitted with custom lighting.
The property is in Midtown Atlanta, a few blocks from Piedmont Park and Ponce City Market. Trader Joe’s, Whole Foods, Starbucks, and local schools are also identified among the nearby amenities. An adjacent school parking lot provides separation from neighboring residences. A neighboring duplex is also available for purchase.
The property is in Midtown Atlanta, a few blocks from Piedmont Park and Ponce City Market. Trader Joe’s, Whole Foods, Starbucks, and local schools are also identified among the nearby amenities. An adjacent school parking lot provides separation from neighboring residences. A neighboring duplex is also available for purchase.
Key Highlights
- Four condominium residences, all currently leased
- 3,836 square feet of combined living space
- Four private off‑street parking spaces behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,675
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$913,500
$913.5K
Cap Rate 7%
$652,500
$652.5K
Cap Rate 9%
$507,500
$507.5K
Market Conditions
NOI Build-Up for 3,836 SF
Gross rent
$69.0K $18.00/SF
− Vacancy
−$3.8K −$0.99/SF
EGI
$65.3K $17.01/SF
− OpEx
−$19.6K −$5.10/SF
NOI
$45.7K $11.91/SF
Area
Atlanta, GA
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$913,500
Cap Rate 7%
$652,500
Cap Rate 9%
$507,500
Alternative Uses
Best Use
Multifamily LT 5
$652.5K
$570.9K – $761.3K
NOI $45,675 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$604.5K
$528.9K – $705.2K
NOI $42,312 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.07M
$938.3K – $1.25M
NOI $75,062 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,791
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?
Quadplex - All four residences are leased, with separate off-street parking and shared covered outdoor areas.
Where is this quadplex located?
The property is located at 757 Monroe Dr Atlanta, GA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Four condominium residences, all currently leased; 3,836 square feet of combined living space; Four private off‑street parking spaces behind the building
