5-Unit Historic Apartment
New
For Sale
$875,000
811 Saint Charles Avenue Ne, Atlanta, GA 30306
Five varied residences include a loft, shared basement laundry, and four rear parking spaces accessed from the alley.
Property Size4,000 SF
Price / SF$218.75
Days on Market6
Property Features for 811 Saint Charles Avenue Ne
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
4
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
TLC needed
Site & Location
Neighborhood
Virginia Highland
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$14,063
Amenities
shared laundry room
true
2
Square Feet
Public
7492.32
4
0.172
Public Records
Off Street
Slab
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Realty Atl. Partners
Listed By:
Tonya Byrd
Source:
Heymannwilliams
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 31 at 2:33AM
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 Atl. Partners
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Investment Insights
Based on property information with market context.
This 1920 apartment building contains five units with varied layouts and renovation needs. Units 1 and 4 retain hardwood flooring, original bathroom tile, and fireplaces; Unit 1 also has original plaster details. Basement-level Units 2 and 3 have compact layouts, while Unit 5 is a one-bedroom loft with an open living and kitchen area. A shared laundry room is located in the basement. Units 4 and 5 may be leased together or separately. The building measures approximately 4,000+ square feet, based on floor plans, and is being sold as-is.
The property occupies a corner lot in Virginia-Highland, with alley access to four dedicated rear parking spaces. Nearby destinations named in the property information include Ponce City Market, the Atlanta BeltLine Eastside Trail, Piedmont Park, and Midtown Atlanta. The property is within Atlanta Public Schools’ Midtown Cluster and is zoned for Virginia-Highland Elementary, David T. Howard Middle School, and Midtown High School.
The property occupies a corner lot in Virginia-Highland, with alley access to four dedicated rear parking spaces. Nearby destinations named in the property information include Ponce City Market, the Atlanta BeltLine Eastside Trail, Piedmont Park, and Midtown Atlanta. The property is within Atlanta Public Schools’ Midtown Cluster and is zoned for Virginia-Highland Elementary, David T. Howard Middle School, and Midtown High School.
Key Highlights
- Five‑unit apartment building constructed in 1920
- Approximately 4,000+ square feet
- Unit 5 is a one‑bedroom loft with an open living and kitchen area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,121
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,420
$882.4K
Cap Rate 7%
$630,300
$630.3K
Cap Rate 9%
$490,233
$490.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$84.0K $21.00/SF
− Vacancy
−$3.8K −$0.95/SF
EGI
$80.2K $20.06/SF
− OpEx
−$36.1K −$9.02/SF
NOI
$44.1K $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%
$882,420
Cap Rate 7%
$630,300
Cap Rate 9%
$490,233
Alternative Uses
Best Use
Apartment 5plus
$630.3K
$551.5K – $735.4K
NOI $44,121 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$978.4K – $1.30M
NOI $78,271 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,815
Businesses Nearby
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Business Placement
Demographics for 30306, GA
25,053
Population
12,182
Households
2.1
Avg Household Size
36
Median Age
83%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
5,446
Density / Sq Mi
$133,085
Median Household Income
$82,692
Median Earnings
$1,796
Median Rent
$797,400
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 - Five varied residences include a loft, shared basement laundry, and four rear parking spaces accessed from the alley.
Where is this apartment building located?
The property is located at 811 Saint Charles Avenue Ne Atlanta, GA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Five‑unit apartment building constructed in 1920; Approximately 4,000+ square feet; Unit 5 is a one‑bedroom loft with an open living and kitchen area
