2129 Martin Luther King Jr Dr Atlanta, GA 30310
This exceptional mixed-use investment opportunity presents a 36-unit apartment complex situated on a 1.27-acre lot at 2129 Martin Luther King Jr Drive SW in Atlanta, Georgia, 30310. Built in 1960, the property boasts a substantial 29,296 square feet and offers a compelling 7.00% cap rate. The asking price is $3,800,000. The property features a mix of one- and two-bedroom units, all currently leased, providing immediate and consistent rental income. On-site amenities include resident parking and laundry facilities. Recently updated common areas and exterior enhance the property's appeal. Its prime location offers easy access to major highways (like I-20), public transportation, and is conveniently close to popular areas such as West End, Mercedes-Benz Stadium, and Morehouse College. The property benefits from its position within a rapidly revitalizing neighborhood, presenting significant potential for future rental income growth. This turnkey investment is ideal for those seeking a stable rental portfolio with substantial upside in a high-demand Atlanta location. The property is zoned for mixed-use development, offering further potential for value enhancement. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Atlanta neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.