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Renovated Apartment Building with 8 Units

Chamblee, GA 30341 Chamblee, GA 30341

Chamblee, GA, 30341

$1,700,000

For Sale

$1,700,000

MULTI_FAMILY - Chamblee, GA

Property Size7,109 SF

Price / SF$239.13

AddedMar 18

Days on Market120

Last RefreshJul 15 at 4:06 am

Property Features

General Information

Property type: Residential Multi Family
Property subtype: Single Family Attached
Standard status: Active

Building Details

Year built: 1963

Listing agent Willie Acree License #313803

Listing office South Fulton Office Roswell, GA

Listing date Mar 18, 2026

MLS# 10712669

Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. 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.

The property is a 7,109-square-foot apartment building with 8 fully occupied residential units. Built in 1963 and renovated in 2017, it is currently operating at 100% occupancy, generating a consistent income stream.

The building is located at 2400 Beverly Hill Dr in Chamblee, within DeKalb County, Georgia. It is positioned near major transportation routes including Interstate 285 and Interstate 85.

Zoned RM-75, the site configuration provides redevelopment potential to support up to 24 apartment units. This combination of current cash flow and zoning-supported density upside may appeal to investors seeking to hold the property as a multifamily asset or redevelop for increased unit capacity.

Key Highlights

7,109 SF apartment building on Beverly Hill Dr with 8 fully occupied residential units
Year built 1963; renovated in 2017
Operating at 100% occupancy, providing consistent income from current tenants

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$185.1k	$26.04
− Vacancy	−$11.5k	−$1.61
EGI	$173.6k	$24.43
− OpEx	−$78.1k	−$10.99
NOI	$95.5k	$13.43

7,109 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,503 @ 7.0% cap · market cap 5.62%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,107 @ 7.0% cap · market cap 8.18%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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What type of property is this?

Apartment building - Apartment building with 8 occupied units and 2017 renovation, zoned RM-75 with potential for additional units.

Where is this apartment building located?

The property is located at Chamblee, GA.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: 7,109 SF apartment building on Beverly Hill Dr with 8 fully occupied residential units; Year built 1963; renovated in 2017; Operating at 100% occupancy, providing consistent income from current tenants