314 5th NE St Atlanta, GA 30308-2055
Property profile & analytics
314 5th NE St Atlanta, GA 30308-2055
- Garden apartment buildings
- 7,155 SF
- 0.12 lot acres
Property ID
US22-1743335
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Garden apartment buildings
Property Details for 314 5th NE St
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 0.12 lot acres
- Property size
- 7,155 SF
- Zone code
- R5
- Property type
- Garden apartment buildings
- APN
- 14 004800050257
- APU
- 14004800050257
Description
This exceptional 8-unit apartment building presents a compelling investment opportunity in Atlanta's coveted Midtown neighborhood. Boasting a 6.40% cap rate and a current NOI of $121,436, this stabilized property offers predictable cash flow. The building, constructed in 1925 and extensively renovated in 2021, features six one-bedroom, one-bathroom units (three with sunrooms), one two-bedroom, one-bathroom unit with a sunroom, and one studio unit. All units include updated kitchens with stainless steel appliances and granite countertops, in-unit stackable washer/dryers, renovated bathrooms, fresh paint, and new flooring. Building amenities include a secured entry, outdoor spaces, private decks/patios for rear units, and three dedicated off-street parking spaces. Individual gas and electric meters for each unit enhance efficiency. Google Fiber is available. The property's prime location offers easy access to Piedmont Park, Midtown, Downtown, and the Atlanta Beltline, presenting strong potential for short-term rentals, corporate housing, or Airbnb. The building's exterior renovations include new roofs and windows. The property is currently 100% occupied, with an occupancy date of October 22, 2024. The permitted zoning is R5. This is a turnkey investment in a high-growth area, with recent comparable home sales exceeding $2.5 million. The asking price is $1,895,000, or $236,875 per unit.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,315,000
- 6.5%
- $1,215,000
- 7%
- $1,125,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,093,000
Market price range: $324k - $1.09M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,530,000 Current use
- COMMERCIAL (GENERAL)
- $2,010,000 Change: +31% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,945,000 Change: +27% Conversion: Difficult
- MEDICAL BUILDING
- $1,945,000 Change: +27% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,815,000 Change: +19% Conversion: Difficult
- OFFICE BUILDING
- $1,675,000 Change: +9% Conversion: Moderate
- RETAIL STORES
- $1,605,000 Change: +5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.3771
- Latitude
- 33.7756
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,259
$160,000
$425,960
$585,960
-
$400,000
$1,064,900
$1,464,900
