Renovated Atlanta Dormplex Investment
For Sale
Contact for pricing
2807 Burton Rd NW, Atlanta, GA 30311
6-bedroom, 2-bath dormplex with high occupancy near downtown Atlanta.
Property Size2,000 SF
Lot Size0.71 Acres
Price / SF$197.50
Days on Market724
Property Features for 2807 Burton Rd NW
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.71 Acres
Property subtype
Multifamily
Occupancy
100%
Building Details
Units
6
Listing Agency:
Acme Property Group
Listed By:
Zach Rogers · License #GA 359958
(770) 450-9892
Source:
Crexi
Added: Oct 17, 2024
Changed: Oct 7
Last Checked: Oct 9 at 5:18PM
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 Acme Property Group
Investment Insights
Based on property information with market context.
This renovated dormplex features 6 bedrooms and 2 bathrooms, offering over 2,000 square feet of living space on a 0.71-acre lot. The property includes two common areas and a shared kitchen, designed to accommodate multiple tenants. Weekly rental rates start at $180, attracting tenants seeking affordable housing. A tenant finder system helps maintain occupancy above 90%. Located inside the perimeter of Atlanta, the property is within walking distance of a Marta transit stop and minutes from downtown Atlanta and the Atlanta Airport, providing convenient access to transportation and major hubs. This setup is ideal for multiple tenants, making it a perfect rental option. The seller is open to owner financing.
Key Highlights
- Consistent positive cash flow investment opportunity.
- High occupancy rate (above 90%) maintained by app‑driven tenant finder system.
- Prime location inside the perimeter of Atlanta, near Marta transit, downtown, and the airport.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,061
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,220
$441.2K
Cap Rate 7%
$315,157
$315.2K
Cap Rate 9%
$245,122
$245.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$42.0K $21.00/SF
− Vacancy
−$1.9K −$0.95/SF
EGI
$40.1K $20.06/SF
− OpEx
−$18.0K −$9.02/SF
NOI
$22.1K $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%
$441,220
Cap Rate 7%
$315,157
Cap Rate 9%
$245,122
Alternative Uses
Best Use
Apartment 5plus
$315.2K
$275.8K – $367.7K
NOI $22,061 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.1K
$489.2K – $652.3K
NOI $39,135 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 30311, GA
33,568
Population
17,041
Households
2
Avg Household Size
38
Median Age
32%
College-Educated
90%
High-School Grad
12.5 sq mi
ZIP Area
2,685
Density / Sq Mi
$51,242
Median Household Income
$35,874
Median Earnings
$1,120
Median Rent
$270,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - 6-bedroom, 2-bath dormplex with high occupancy near downtown Atlanta.
Where is this multifamily property located?
The property is located at 2807 Burton Rd NW Atlanta, GA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Consistent positive cash flow investment opportunity.; High occupancy rate (above 90%) maintained by app‑driven tenant finder system.; Prime location inside the perimeter of Atlanta, near Marta transit, downtown, and the airport.
