833 Monroe Dr NE Atlanta, GA 30308
Charming 1920s fourplex near Atlanta BeltLine and Piedmont Park.
- Added:
- Mar 20, 2026
- Days on Market:
- 116
- Last Refresh:
- Jul 2 at 5:39 am
Property Features for 833 Monroe Dr NE
General Information
- Standard status
- Active
- Size
- 10,020 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing office COMMERCIAL REAL ESTATE ASSOCIATES
Listing date Mar 20, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of COMMERCIAL REAL ESTATE ASSOCIATES
Investment Insights
Based on property information with market context.
Key Highlights
- Prime Midtown Garden District location: Steps from the Atlanta BeltLine and minutes from Piedmont Park, with a Walk Score of 91.
- Strong income potential: Four spacious units with separate meters, central HVAC, and in‑unit laundry for easy management.
- Rare large lot: Desirable for potential expansion in a high‑demand area.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.4k | $18.00 |
| − Vacancy | −$9.9k | −$0.99 |
| EGI | $170.4k | $17.01 |
| − OpEx | −$51.1k | −$5.10 |
| NOI | $119.3k | $11.91 |