Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Garden apartment buildings
2343 Newnan St East Point, GA 30344-2535
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US22-4708565
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1967
Construction
WOOD
Total area
7,564 SF
Lot
0.66 ac (28,532 SF)
Zoning code
R2
APN
14 013400130252
UPID
US22-4708565
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.34M
Owner & transaction history
Dld Investment Group LLC · 6 yrs held
Dld Investment Group LLC
since 2020
Last sale
$930,000
7 recorded transactions
Zoning & alternative use
R2 · East Point, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R2 District is intended to provide land areas devoted to medium density residential uses. The District also provides for closely related uses. Land areas zoned R-2 are further intended to provide a transition between low and high density dwelling areas or between low density dwelling areas and non-residential areas.
Zone name
Two Family Dwelling
General category
RESIDENTIAL
Zone area
17.57 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Point submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$1,665,000
CAP Approach
CAP Return
Estimation
6%
$1,390,000
6.5%
$1,285,000
7%
$1,190,000
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $930k (Jul 27 2020)
Last sale anchor
$930k
Jul 27 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,711
Tax year 2023
Assessed value
$344,040
Assessed 2023
Previous assessed
$344,040
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$89,920
Assessed improvement
$254,120
Land market value
$224,800
Improvement market value
$635,300
Total market value
$860,100
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
7
Bathrooms
3
Total area
7,564 SF
Lot
0.66 ac (28,532 SF)
Zoning code
R2
APN
14 013400130252
UPID
US22-4708565
Jurisdiction
FULTON
Zoning & alternative use
R2 · East Point, GAZoning R2 · permitted uses
R2 · East Point, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R2 District is intended to provide land areas devoted to medium density residential uses. The District also provides for closely related uses. Land areas zoned R-2 are further intended to provide a transition between low and high density dwelling areas or between low density dwelling areas and non-residential areas.
Zone name
Two Family Dwelling
General category
RESIDENTIAL
Zone area
17.57 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1967
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
7
Bathrooms
3
Lot
0.66 ac
Current owner
From public records · entity-resolved
Dld Investment Group LLC
Entity
Mailing address
570 HIGH PT LN, ATLANTA, GA 30342-2753
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2020
—
Dld Investment Group LLC
Delicate INC
Grant Deed
related
—
Jul 24, 2020
$930,000
Delicate INC
2343-2347 Newman Ave L Trust
Grant Deed
—
Jul 23, 2020
—
2343 & 2347 Newnan Ave E Trust
—
Deed
related
—
Jul 1, 2019
—
2343 & 2347 Newnan Avenue Est
—
Deed
related
$500,000 · Gulf Coast Bank And Trust
May 19, 2011
—
2343 & 2347 Newnan Avenue L Trust
Real Time Investments LLC
Warranty Deed
related
—
Jun 6, 2007
$595,000
Real Time Investments LLC
Hhs Properties LLC
Grant Deed
—
Jun 6, 2007
—
Real Time Investments LLC
Hhs Properties LLC
Quit Claim Deed
related
$446,250 · Gulf Coast Bk
May 31, 2007
$595,000
Real Time Investments LLC
Hhs Properties LLC
Grant Deed
—
May 31, 2007
—
Real Time Investments LLC
Hhs Properties LLC
Grant Deed
related
—
—
—
2343 & 2347 Newnan Ave E Trust
—
Loan Modification
related
—
—
—
Real Time Investments LLC
—
Deed Of Trust
related
$446,250 · Gulf Coast Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2343 Newnan St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
