Historic Midtown Garden District
833 Monroe Dr NE, Atlanta, GA 30308
Charming 1920s fourplex near Atlanta BeltLine and Piedmont Park.
Type:Multifamily
Property size:
10,020 SFPrice / SF:
$192/SF- Added:
- Mar 20, 2026
- Days on Market:
- 60
- Last Refresh:
- Mar 21 at 8:37 pm
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 agent Sam Yacoub License #GA Lic. 406783
Listing office COMMERCIAL REAL ESTATE ASSOCIATES
Listing date Mar 20, 2026
Source Crexi
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 COMMERCIAL REAL ESTATE ASSOCIATES
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.
- Private parking: Includes a 7‑vehicle parking lot, a valuable amenity in the neighborhood.
- Recently updated: New roof (2025) and new windows (2022‑23).
- Historic charm: Classic 1920s Charleston‑style architecture with 10‑foot ceilings, hardwood floors, and decorative fireplaces.
Overview
This historic four-unit multifamily property is located in Atlanta's Midtown Garden District, near the Atlanta BeltLine and Piedmont Park. Constructed in the 1920s, this Charleston-style fourplex offers investment potential. The property includes a large lot and features four spacious units with 10-foot ceilings, hardwood floors, decorative fireplaces, and natural light. Each unit has separate gas and electricity meters, central HVAC, and in-unit laundry. A private parking lot at the rear accommodates 7 vehicles. The property is located within walking distance of Ponce City Market, Trader Joe's, Whole Foods, restaurants, coffee shops, and entertainment, with a Walk Score of 91. The property has a new roof (2025) and new windows (2022-23). Most major systems have been replaced. This property is suitable for investors, owner-occupants, or those looking to expand their Atlanta multifamily portfolio.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.33M
NOI $119,308 @ 9.00% cap · cautious / downside scenario
Moderate
$1.70M
NOI $119,308 @ 7.00% cap · market / base-case scenario
Aggressive
$2.39M
NOI $119,308 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 |
10,020 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.70M
$1.49M – $1.99M
NOI $119,308 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$1.58M
$1.38M – $1.84M
NOI $110,523 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,068 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shshhshe Coffee
Production Facility
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.3698063
- Latitude
- 33.7772749
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Charming 1920s fourplex near Atlanta BeltLine and Piedmont Park.
Where is this quadplex located?
The property is located at 833 Monroe Dr NE Atlanta, GA.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: 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.
