R5 Zoned Land with Existing
892 Ridge Avenue NW Atlanta, GA 30318
892 Ridge Avenue NW, Atlanta, GA, 30318
$475,900
For Sale
$475,900
LAND - Bungalow - Atlanta, GA
Property Size1,256 SF
Lot Size1.00 Acres
Price / SF$378.90
Days on Market55
Property Features for 892 Ridge Avenue NW
General Information
- Property type
- Land
- Property subtype
- Single Family Residence
- Zoning
- R5
- Rooms
- Basement
- Vegetation
- Partially Wooded
- Patio and Porch features
- Porch
- Standard status
- Active
- APN
- 14 020800021098
- Lot size
- 1.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4490
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Architectural style
- Bungalow
Listing agency
Century 21 Connect Realty
(770) 640-6800
Listed by
KATHERINE MOLINER
(770) 640-6800
Added: May 29 Updated: Jun 10 at 3:39PM Checked: Jul 22 at 3:06AM
MLS# 7777189
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property consists of a residentially zoned lot in Fulton County, zoned R5, with utilities readily available. A 1,256 square-foot home is currently on site and may be repurposed or demolished to support redevelopment. The lot size is approximately 1.0017 acres, providing room to plan for a variety of residential configurations consistent with R5 zoning, including townhome and row house concepts.
The site offers practical access to major interstates, with quick access to I-285 and I-20. It is also described as being within close proximity to downtown Atlanta and several major destinations, including Mercedes-Benz Stadium, State Farm Arena, The Georgia Aquarium, and Atlanta Hartsfield-Jackson International Airport, along with nearby parks and educational institutions.
For investors, builders, and buyers looking for a larger residential canvas, this offering provides both an existing structure that can be reused and the option to clear the site for new construction. With utilities already available and an R5 zoning designation that supports larger multi-family residential development such as townhomes and row houses, the property is positioned for a range of residential redevelopment approaches.
The site offers practical access to major interstates, with quick access to I-285 and I-20. It is also described as being within close proximity to downtown Atlanta and several major destinations, including Mercedes-Benz Stadium, State Farm Arena, The Georgia Aquarium, and Atlanta Hartsfield-Jackson International Airport, along with nearby parks and educational institutions.
For investors, builders, and buyers looking for a larger residential canvas, this offering provides both an existing structure that can be reused and the option to clear the site for new construction. With utilities already available and an R5 zoning designation that supports larger multi-family residential development such as townhomes and row houses, the property is positioned for a range of residential redevelopment approaches.
Key Highlights
- Prime land zoned R5, accommodating multi‑family buildings like townhomes and row houses.
- Excellent development opportunity in a growing neighborhood with new construction.
- Convenient access to Interstates 285 and 20, downtown Atlanta, and Hartsfield‑Jackson International Airport.
Local Financial Insights For Apartment 5plus
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 | $29.2k | $23.28 |
| − Vacancy | −$1.8k | −$1.44 |
| EGI | $27.4k | $21.84 |
| − OpEx | −$12.3k | −$9.83 |
| NOI | $15.1k | $12.01 |
1,256 SF · lease $23.28/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$215.5K
$188.6K – $251.4K
NOI $15,085 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.1K
$307.2K – $409.6K
NOI $24,577 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Similar For Sale Nearby
FAQs
What type of property is this?
Residential land & home lot - Zoned R5 with utilities available and an existing home, offering flexibility for residential redevelopment in the Atlanta market.
Where is this residential land & home lot located?
The property is located at 892 Ridge Avenue NW Atlanta, GA.
What is the asking price?
The asking price for this property is $475,900.
What are key features of this property?
This property features: Prime land zoned R5, accommodating multi‑family buildings like townhomes and row houses.; Excellent development opportunity in a growing neighborhood with new construction.; Convenient access to Interstates 285 and 20, downtown Atlanta, and Hartsfield‑Jackson International Airport.
