0.45 Acres Lot
0.45 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision East Atlanta
MLS Listing ID 7807609
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1946
Annual Tax Amount $6,853
Tax Year 2025
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Duplex
Source First Multiple Listing Service
Property Description
Exceptional investment opportunity in East Atlanta featuring two fully detached homes with no shared walls on an oversized 0.4-acre lot. Both homes are leased, providing immediate cash flow, and were extensively renovated or newly constructed with modern systems for low-maintenance ownership.
Unit A is a fully renovated 3-bedroom, 2-bath home updated in 2024 with a new roof, HVAC, driveway, and major systems. It is currently leased for $2,750/month.
Unit B is a 2-bedroom, 2-bath new construction ADU completed in 2025 with contemporary finishes, private parking, and all-new systems. It is currently leased for $2,480/month.
Combined rental income is $5,230/month ($62,760 annually). Estimated annual operating expenses are approximately $11,402, resulting in an estimated Net Operating Income (NOI) of approximately $51,358/year. Offered at an attractive 6.63% cap rate.
Located just minutes from East Atlanta Village's restaurants, shopping, and entertainment, this property offers strong rental demand and long-term appreciation potential. With both homes built or renovated to 2025 standards, major capital expenses should be minimal for years to come.
Highlights
Two fully detached homes with no shared walls
Oversized 0.4-acre lot
Unit A: 3BR / 2BA, fully renovated in 2024
Unit B: 2BR / 2BA new construction ADU completed in 2025
Both units currently leased
All major systems new or replaced in 2024/2025
Private off-street parking for each home
Low-maintenance investment with strong in-place income
Minutes from East Atlanta Village
Location
State GA
County Dekalb
Area East Atlanta
Lake Name None
Interior
Heating Central
Cooling Central Air
Flooring Hardwood, Luxury Vinyl
Window Features Double Pane Windows
Exterior
Parking Features Driveway, Level Driveway
Fence Back Yard
Community Features None
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View City
Roof Type Shingle
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Private
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,HardiPlank Type
Construction Status Updated/Remodeled
Schools
Elementary Schools Burgess-Peterson
Middle Schools Martin L. King Jr.
High Schools Maynard Jackson
Others
Senior Community no
Tax ID 15 175 02 066
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Virtual Tour https://drive.google.com/drive/folders/1a02mbDnEMvUb9m45lwYyUZyucpzw2GqL?usp=sharing
