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20-Unit Apartment Building with Uniform Units
For Sale
$1,950,000

38 , Atlanta, GA 30331

Renovated 2-bedroom, 1-bath apartments in a 20-unit building built in 1966.

Property Size1,966 SF
Lot Size1.23 Acres
Price / SF$115.54
Days on Market78

Property Features for 38

General Information

Standard status Active
Size 1,966 SF
Lot size 1.23 Acres
Property subtype Commercial

Additional Details

Multifamily Units 20

Amenities

1.231 acres, Level
Fenced
Public Sewer
Parcel Number: 14 024300030476, Annual Amount: $45,288, Year: 2025
Vinyl
Central Air
Central
Listing ID: 10812460, Standard Status: Active, MLS Status: Active, On market as of 2026-07-23, 41 days on market, Special Conditions: As Is, No Disclosure
1 total parking space, Parking Lot
Built in 1966, Construction Materials: Brick
County/Parish: Fulton
Resale
Electricity Available, Natural Gas Available, Sewer Available, Water Available, Water Source: Public
Close Of Escrow
Water Body Name: NONE

Building Details

Building Size 1,966 SF
Year Built 1966
Year Renovated 1990
Listing Agency: Southern REO Associates, LLC
Listed By: Southern REO · License #331649
Source: Blackstreaminternational
Added: Jul 23 Changed: Oct 6 Last Checked: Oct 7 at 1:55PM

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 Southern REO Associates, LLC

Investment Insights

Based on property information with market context.

This 20-unit apartment building at 38 Fairburn Rd SW includes a uniform unit mix of 2-bedroom, 1-bath residences. The property was built in 1966 and renovated in 1990. Spanning approximately 33,756 square feet on a 1.23-acre lot, the consistent layout is designed to simplify capital planning and execution across the entire community.

Located in Atlanta, the property is described as minutes from downtown Atlanta with convenient access to major thoroughfares. The offering also highlights proximity to employment centers, retail, and public transit.

As presented, this is a multifamily investment opportunity in Southwest Atlanta, priced as an acquisition of a 20-unit asset. Contact the listing agent for financials, due diligence materials, and showing instructions.

Key Highlights

  • 20‑unit multifamily property in Atlanta, built in 1966 and renovated in 1990
  • Approx. 33,756 SF on a 1.23‑acre lot with a uniform unit layout across the building
  • All units are 2‑bedroom, 1‑bath residences, simplifying capital planning and rent‑up

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Building Supply Pharmacy Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

137
Businesses Nearby

Demographics for 30331, GA

60,770
Population
27,314
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
1,612
Density / Sq Mi
$61,548
Median Household Income
$41,047
Median Earnings
$1,264
Median Rent
$277,900
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated 2-bedroom, 1-bath apartments in a 20-unit building built in 1966.
Where is this apartment building located?
The property is located at 38 Atlanta, GA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 20‑unit multifamily property in Atlanta, built in 1966 and renovated in 1990; Approx. 33,756 SF on a 1.23‑acre lot with a uniform unit layout across the building; All units are 2‑bedroom, 1‑bath residences, simplifying capital planning and rent‑up
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