Midtown Condo with Garden
For Sale
$617,500
850 Piedmont Avenue NE #3315, Atlanta, GA 30308
Two-story condo in gated community with updated interiors and parking.
Property Size1,704 SF
Days on Market420
Property Features for 850 Piedmont Avenue NE #3315
General Information
Standard status
Active
Size
1,704 SF
Property subtype
Condominium
Amenities
Central Air
Central
Dishwasher
Disposal
Dryer
Gas Cooktop
Gas Oven
Gas Range
Microwave
Refrigerator
Washer
Pool, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Composition
Building Details
Building Size
1,704 SF
Year Built
2000
Listing Agency:
Atlanta Fine Homes Sotheby's International
Listed By:
First MLS
(404) 662-1982
Source:
Kw
Added: Aug 26, 2025
Changed: Oct 6
Last Checked: Oct 19 at 5:21AM
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.
Located in Midtown, this two-story condo is part of The Dakota, a gated midrise community. The property features two bedrooms and has been updated with wide-plank hardwood floors and a renovated kitchen. The kitchen includes quartz countertops, a marble backsplash, and stainless steel appliances. The living and dining areas offer an open layout. Natural light enters through dual-pane windows and French doors, providing views of the landscaped gardens. Upstairs, the bedrooms offer views of the Garden District. A small bonus vestibule can serve as an office or reading nook. The unit has direct access to two assigned parking spaces and is located near the elevator and stairwells. The Dakota provides amenities such as a rooftop pool and sun deck with grilling stations, a fitness center, a community kitchen, gated courtyards with patios and walking paths, bicycle storage, and guest parking. The property is located near Piedmont Park, the BeltLine, and Trader Joe's.
Key Highlights
- Only 2‑bedroom unit available in the desirable Dakota midrise community.
- Lives like a townhome with no neighbors above and direct access to two gated, assigned parking spaces.
- Updated interior featuring a renovated kitchen with quartz countertops, marble backsplash, and stainless steel appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,796
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,920
$375.9K
Cap Rate 7%
$268,514
$268.5K
Cap Rate 9%
$208,844
$208.8K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$35.8K $21.00/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$34.2K $20.06/SF
− OpEx
−$15.4K −$9.02/SF
NOI
$18.8K $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%
$375,920
Cap Rate 7%
$268,514
Cap Rate 9%
$208,844
Alternative Uses
Best Use
Apartment 5plus
$268.5K
$235.0K – $313.3K
NOI $18,796 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.3K
$416.8K – $555.7K
NOI $33,343 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
6,862
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story condo in gated community with updated interiors and parking.
Where is this apartment building located?
The property is located at 850 Piedmont Avenue NE #3315 Atlanta, GA.
What is the asking price?
The asking price for this property is $617,500.
What are key features of this property?
This property features: Only 2‑bedroom unit available in the desirable Dakota midrise community.; Lives like a townhome with no neighbors above and direct access to two gated, assigned parking spaces.; Updated interior featuring a renovated kitchen with quartz countertops, marble backsplash, and stainless steel appliances.
