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Atlanta Multi-Family Properties for Sale

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Newest Atlanta Multi-Family Homes for Sale

1515 Beech Valley Way NE, Atlanta
$750,000
10835103 MLS
Located in the highly desirable Druid Hills/Morningside corridor, this side-by-side duplex offers a compelling investment opportunity in one of Atlanta's strongest rental markets. Projected combined rents of approximately $5,000-$6,000 per month provide potential gross rental income of $60,000-$72,000 annually. With estimated operating expenses of approximately $19,000 per year, projected Net Operating Income ranges from approximately $41,000-$53,000, depending on achieved rents. One unit is currently vacant, and the second unit is expected to be vacant by mid-September, giving a new owner flexibility to establish market rents, renovate or reposition the property, or potentially occupy one side while leasing the other. Both units feature a spacious townhome-style layout with 3 bedrooms and 2 full baths upstairs. The main levels include separate living and dining rooms, kitchens, half baths, pantries, and additional storage closets. Each residence also has access to a substantial portion of the lower level with laundry facilities and additional storage. The property features separate entrances, a circular driveway with parking for approximately four vehicles, and individually metered gas, electric, and water service-simplifying management and keeping utility expenses separate between units. Ideally positioned near Emory University, Virginia-Highland, Piedmont Park, Midtown, Buckhead, Decatur, and nearby MARTA access, the property also enjoys the natural surroundings of Daniel Johnson Nature Preserve directly behind the property. This combination of location, spacious floor plans, separate utilities, parking, and strong rental potential creates an attractive opportunity for both immediate income and long-term appreciation. The property may also be eligible for annexation into the City of Atlanta, which could provide access to the Atlanta Public Schools system. Any annexation eligibility, process, school assignment, and related benefits should be independently verified by the buyer with the City of Atlanta and applicable governmental authorities.

1515 Beech Valley Way NE, Atlanta

Listing courtesy of RE/MAX Metro Atlanta Cityside.

7170 Riverside Drive NW, Atlanta
$749,999
10824712 MLS
PRICE IMPROVEMENT! Fully renovated, no-HOA investment opportunity with strong rental demand and immediate equity potential. 7170 Riverside Drive presents a rare opportunity for investors seeking a turnkey asset in a high-demand rental corridor. Major updates have already been completed, including a new roof, renovated kitchen, updated bathrooms, hardwood flooring throughout, modern fixtures, updated hardware, newer appliances, and refreshed interior finishes-allowing investors to focus on returns rather than repairs. Market rents for comparable renovated homes in the area support attractive cash-flow potential, while the extensive improvements help minimize maintenance expenses for years to come. The large fenced backyard, generous lot size, and ample parking further enhance tenant appeal and long-term marketability. With no HOA restrictions, owners benefit from greater flexibility and fewer ongoing expenses. Conveniently located near shopping, dining, major highways, and employment centers, this property is well-positioned to attract quality tenants and benefit from continued area growth. Whether you're building a rental portfolio, completing a 1031 exchange, or looking for a property with both income and appreciation potential, this home checks all the boxes. No HOA. Fully renovated. New roof. Move-in ready. Strong rental appeal. Excellent opportunity to capture both cash flow and future equity growth.

7170 Riverside Drive NW, Atlanta

Listing courtesy of Century 21 Results.

2130 Donald Lee Hollowell Parkway NW, Atlanta
$189,999
10824705 MLS
Attention investors! This fully renovated, turn-key property presents an outstanding opportunity to add a high-performing asset to your portfolio with NO HOA restrictions-giving you the flexibility to maximize rental income without unnecessary limitations or monthly fees. With projected market rents of approximately $2,000 per month, this property offers strong cash flow potential and comes close to (or exceeds) the highly sought-after 1% Rule, making it an attractive option for both seasoned investors and first-time landlords. Whether you're looking for a long-term rental, Section 8 investment, or an appreciating asset in one of Atlanta's fastest-growing corridors, this property checks all the boxes. The home has already undergone extensive renovations, significantly reducing future capital expenditures. Major improvements include a new HVAC system, new appliances, updated flooring, modern kitchen and bathrooms, fresh finishes throughout, and move-in-ready condition from day one. That means less money spent on repairs and more time collecting rent. Situated on a large lot with no HOA, there is additional upside for future value, outdoor amenities, or simply providing tenants with a feature that's increasingly difficult to find. The location continues to benefit from ongoing redevelopment and strong rental demand, positioning investors for both immediate income and long-term appreciation. Opportunities like this-fully renovated, low-maintenance, no HOA, and strong rental potential-don't stay on the market long. Whether you're building your portfolio or completing a 1031 exchange, this is the type of asset investors are actively seeking. Easy Showings. Stop by now. Room to grow into the basement area..

2130 Donald Lee Hollowell Parkway NW, Atlanta

Listing courtesy of Century 21 Results.

2956 Grandview Avenue NE, Atlanta
$799,000
10822761 MLS
First time offered for sale in decades! Rare Buckhead multifamily opportunity! This all-brick quadruplex presents a unique opportunity to acquire a four-unit investment property in one of Atlanta's most established and sought-after neighborhoods. The building features two units on the main level and two terrace-level units with private entrances, providing a practical layout that appeals to a broad range of tenants while offering investors flexibility for future improvements. Ideally situated in the heart of Buckhead, the property is just minutes from Buckhead Village, premier shopping, outstanding restaurants, parks, MARTA, major employment centers, all while offering convenient access to GA-400, I-85, Midtown, and Downtown Atlanta. Its exceptional location continues to drive strong tenant demand and long-term investment appeal. Each of the four units is separately metered for electricity, simplifying utility management. The property also offers convenient off-street parking for every unit. The main-level apartments are served by a front gravel parking area for easy access, while a private driveway leads to dedicated parking and entrances for the two terrace-level units. Whether your goal is to renovate and modernize the existing units to capitalize on Buckhead's strong rental market and unlock the property's full income potential, build long-term equity, or expand an investment portfolio with a quality Buckhead asset, this property offers exceptional value-add potential. Thoughtful improvements could position the property to command premium rental rates while taking advantage of the continued demand for well-located housing in one of Atlanta's strongest rental markets. The property also presents an attractive opportunity for a 1031 Exchange buyer seeking an income-producing asset with meaningful upside. Properties of this caliber and location seldom become available. Buyers with long-term vision may also wish to investigate other potential future uses of the property, subject to zoning requirements, governmental approvals, and their own due diligence. A rare opportunity to acquire a Buckhead quadruplex with exceptional potential in one of Atlanta's premier locations.

2956 Grandview Avenue NE, Atlanta

Listing courtesy of REMAX Around Atlanta.

1908 Penelope Road NW, Atlanta
$325,000
10819875 MLS
Investors, take note: 1908 Penelope Rd NW is a well-positioned income property in one of Atlanta's high-demand Westside submarkets. This 1930-built, two-story home offers six bedrooms and two bathrooms, ideal for a room-by-room rental strategy, or lease the entire home to a single tenant or family for simpler management. Washer/dryer connections on both levels support flexible unit configurations, and hardwood floors, a fenced lot, and controlled access make the property easy to market and maintain. The location taps directly into strong, diverse renter demand. Sitting roughly 3 miles from the Atlanta University Center (Clark Atlanta University, Morehouse College, Spelman College, and Morehouse School of Medicine), this home has ready access to one of metro Atlanta's largest and steadiest tenant pools: students, faculty, and staff needing quality housing near campus. Commuter tenants will value being moments from I-20 and a 7-minute walk to the West Lake MARTA Station, with Hamilton E. Holmes, Ashby, Bankhead, and West End stations all close by, plus a 20-minute drive to Hartsfield-Jackson Atlanta International Airport - a natural draw for airline and travel-industry renters. Add in nearby shopping at Dixie Hills Plaza and Westview Plaza, recreation along the Atlanta BeltLine Southwest Connector Spur Trail and Cascade Springs Nature Preserve, and healthcare access via Grady Memorial Hospital and Emory University Hospital Midtown, and you have a location that supports long-term tenant retention. With room-by-room or whole-house rental flexibility and a location that checks every box for renters - transit, education, employment, and airport access - 1908 Penelope Rd is a compelling addition to any rental portfolio.

1908 Penelope Road NW, Atlanta

Listing courtesy of Keller Williams Realty.

585 Warwick Street SE, Atlanta
$799,000
10819471 MLS
Fully Leased, Cash-Flowing Investment in One of Atlanta's Most Desirable Intown Neighborhoods Offered at $815,000, the property presents a rare opportunity to acquire a stabilized, cash-flowing asset in one of Atlanta's most supply-constrained and rapidly appreciating BeltLine neighborhoods. Fully leased with immediate cash flow, this turnkey investment opportunity in Ormewood Park offers stable in-place income in one of Atlanta's strongest long-term growth corridors. Located just 0.4 miles from the newly paved Atlanta BeltLine Southside Trail and within 0.5 miles of Glenwood Park's restaurants, coffee shops, breweries, fitness studios, and neighborhood retail, the property combines dependable current returns with exceptional long-term upside. A corporate-backed tenant has occupied the property continuously for the past three years and has historically renewed each term. Their continued interest in the home offers the next owner the potential for immediate, reliable income with limited vacancy exposure. Ormewood Park has consistently ranked among Atlanta's strongest appreciating intown neighborhoods, fueled by BeltLine expansion, continued redevelopment, and increasing demand from both homeowners and renters seeking walkable, amenity-rich communities. With the BeltLine now paved and easily accessible just minutes away, the property's location is well positioned to continue benefiting from one of Atlanta's most significant infrastructure investments. Current Lease Highlights Current Rent: $4,575/month ($54,900 annual gross rent) Lease Term: July 14, 2026 - July 13, 2027 Occupancy: Fully leased to four tenants under a single lease with joint and several liability. Tenant Responsibilities: Tenants pay all utilities and are responsible for routine interior upkeep and damages beyond normal wear and tear. Landlord Responsibilities: Professional landscaping, routine pest control, and major property maintenance. Financials are underwritten with actual property taxes, estimated insurance, landscaping, and pest control, along with conservative replacement reserves and maintenance allowances. The property is currently self-managed, resulting in a projected 5.04% cap rate at the asking price. Whether you're completing a 1031 exchange, expanding an Atlanta rental portfolio, or acquiring a low-maintenance investment with proven tenant demand, 585 Warwick offers an increasingly rare combination of stable in-place income, a proven leasing history, and a premier intown location. While the property provides immediate cash flow today, its proximity to the Atlanta BeltLine and Glenwood Park positions investors to benefit from continued rent growth, long-term appreciation, and sustained tenant demand for years to come.

585 Warwick Street SE, Atlanta

Listing courtesy of Knapp Realty.

540 John Wesley Dobbs Avenue NE, Atlanta
$1,649,000
10817730 MLS
TURNKEY LUXURY INVESTMENT - Welcome to "The Dobbs," an exceptional luxury income property in the heart of Old Fourth Ward. This 3,700+ square foot estate offers a rare 5-star investment opportunity with proven historical performance. Positioned just 4 blocks from the Atlanta BeltLine Eastside Trail and directly on the Freedom Trail Path, the location provides guests with effortless access to Mercedes-Benz Stadium, Centennial Olympic Park, and the city's top dining and entertainment districts. VERSATILE REVENUE STREAM: Currently operating as a premier short-term rental, this property is sold FULLY FURNISHED and equipped for a seamless transition. The two-unit duplex layout offers unmatched flexibility: continue as a high-performing vacation rental, pivot to mid-term corporate housing, or convert into a grand single-family residence. THE LAYOUT: The main level features 3 bedrooms and 2 bathrooms with soaring 12-foot ceilings and an updated chef's kitchen. The upper level offers 2 bedrooms, 2 bathrooms, and a large loft-style third bedroom. Both units feature updated finishes and designer touches throughout. OUTDOOR AMENITIES: Professionally designed, resort-style landscaping creates a private urban retreat in both the front and rear yards, consistently driving 5-star guest reviews and premium nightly rates. Own a piece of Atlanta history with guaranteed day-one cash flow in the city's most in-demand neighborhood.

540 John Wesley Dobbs Avenue NE, Atlanta

Listing courtesy of Compass.

297 Burbank Drive NW, Atlanta
$1,800,000
10817720 MLS
297 Burbank Dr NW offers a fully renovated, fully occupied ten-unit multifamily property positioned in one of Atlanta's most rapidly developing neighborhoods. The building includes six 1-bedroom, 1-bath units of approximately 500 square feet each and four 2-bedroom, 1-bath units of approximately 750 square feet. In 2021, the entire structure underwent a comprehensive renovation that included new framing, drywall, electrical, plumbing, HVAC systems, flooring, roof, and all appliances. Since completion, the property has been consistently and professionally maintained, providing a true turnkey investment with no deferred maintenance. Every unit is occupied with long-term, stable tenants, generating reliable cash flow. Current rents remain below market, offering clear upside potential for increases without requiring additional capital improvements. The strong tenant retention reflects both the quality of the renovation and the desirability of the location. The property sits in a prime in-town Atlanta corridor, minutes from Downtown, Georgia Tech, the Atlanta University Center, Mercedes-Benz Stadium, and major transportation routes including I-20 and I-75/85. It is also close to the Atlanta BeltLine and several neighborhood parks, adding to its appeal for residents seeking walkability and outdoor access. The surrounding area continues to experience significant redevelopment and investment, driving demand and long-term appreciation. This is an ideal moment to step into a stabilized, income-producing asset with built-in growth potential in one of Atlanta's most active development zones.

297 Burbank Drive NW, Atlanta

Listing courtesy of Wynd Realty Georgia.

1008 Herndon Street NW, Atlanta
$850,000
10815674 MLS
Stunning Contemporary Living with Lucrative Income Potential in West Midtown! Welcome to 1008 Herndon Street NW, a striking contemporary masterpiece built in 2023 that effortlessly blends high-end modern design with exceptional versatility. Nestled in the historic and highly desirable Howell Station neighborhood, this single-family home offers a rare, income-generating layout just minutes from the city's finest dining, shopping, and entertainment. The true crown jewel of this property is its incredible multi-level flexibility: the entire downstairs features two spacious bedrooms, two full bathrooms, its own dedicated laundry, and a fully equipped kitchenette. This lower level can be completely locked off from the upper floors to serve as a private rental suite, which currently operates as a highly successful Airbnb generating an impressive average of $2,400 a month in passive income. The main and upper levels serve as a gorgeous, airy sanctuary defined by dramatic high ceilings, premium finishes, and an abundance of natural light. The chef-inspired kitchen boasts top-tier stainless steel appliances, pristine countertops, and an oversized pantry, opening seamlessly into the main family and dining areas for effortless entertaining. Step straight out from the kitchen onto a lovely outdoor balcony, or head out to the expansive deck off the back of the house, offering fantastic options for seamless indoor-outdoor living. Upstairs, the primary suite serves as a luxurious retreat, complete with a massive walk-in closet, a spa-like en-suite bath, and its own private outdoor balcony for a quiet evening escape. To top it all off, the home features a spectacular rooftop patio, providing the ultimate outdoor oasis for relaxing or hosting guests against a backdrop of beautiful neighborhood views. Perfectly positioned for an unbeatable West Midtown lifestyle, this property offers seamless access to the Westside Provisions District, the Atlanta BeltLine Westside Trail, and the booming Upper Westside. It is a commuter's dream with close proximity to downtown Atlanta, Georgia Tech, and major thoroughfares, all while being zoned for an excellent public school pipeline including Midtown High School. Complete with central AC, forced air heating, and private off-street parking, 1008 Herndon Street is a rare find that functions beautifully as both a sleek urban oasis and a high-yield investment. Schedule your private tour today! Taxes do not include homestead tax exemption.

1008 Herndon Street NW, Atlanta

Listing courtesy of Bolst, Inc..

3904 Bakers Ferry Road SW, Atlanta
$695,000
10810647 MLS
Completely Rebuilt in 2025 - Turnkey, Fully Furnished 6-Bedroom Home! This beautifully renovated 2,464 sq. ft. brick ranch is situated on a private, wooded corner lot and offers exceptional flexibility for homeowners and investors alike. Featuring 6 bedrooms and 4 full bathrooms, including two spacious primary suites with private en-suite baths, this home is ideal for multigenerational living, a large family, or shared living arrangements. The open, inviting floor plan showcases hardwood floors throughout, a welcoming foyer, a bright eat-in kitchen, a formal dining room, natural gas heating, and central air conditioning. Step outside to the full-length covered back porch overlooking the fenced backyard-perfect for relaxing, entertaining, or enjoying the peaceful setting. Additional features include an attached garage, an extended driveway, and ample off-street parking. Conveniently located just minutes from shopping, restaurants, parks, MARTA, major highways, and Hartsfield-Jackson Atlanta International Airport, this home offers outstanding accessibility. Being sold fully furnished, this move-in-ready property is ready for immediate occupancy or your next investment opportunity. Seller states the property has the potential to generate up to $9,000 per month in short-term rental income. Buyers are responsible for independently verifying all income projections, zoning requirements, permit requirements, and local short-term rental regulations. Owner financing available for qualified buyers with 20% down.

3904 Bakers Ferry Road SW, Atlanta

Listing courtesy of Atlanta Communities.

2001 Lois Place NW, Atlanta
$498,000
10809465 MLS
**Spacious Northwest Atlanta Duplex with Strong Rental Potential** Located in Northwest Atlanta, 2001 Lois Place NW offers investors and owner-occupants a valuable opportunity to acquire a spacious side-by-side duplex with flexible income potential and long-term appeal. Each two-level residence features a functional layout designed for comfortable everyday living and efficient property management. Spacious living areas, practical bedroom placement, and an easy-flow floor plan create broad appeal for traditional renters, extended households, and qualified Housing Choice Voucher tenants. The side-by-side configuration provides each household with the privacy and feel of a separate home while allowing the owner to benefit from two potential income streams under one roof. The durable layout and straightforward interior design also support easier maintenance, tenant turnover, and long-term rental operations. Conveniently positioned near Downtown Atlanta, major employment centers, public transportation, shopping, and key commuter routes, the property offers tenants access to the services and destinations that drive consistent rental interest. Whether you are looking to live in one unit while leasing the other or add a well-positioned multifamily property to your portfolio, 2001 Lois Place NW delivers space, flexibility, and multiple paths to building long-term value. **Own both sides. Create two income opportunities. Strengthen your investment portfolio.**

2001 Lois Place NW, Atlanta

Listing courtesy of eXp Realty.

1628 Cecile Avenue SE, Atlanta
$775,000
10808961 MLS
Turnkey East Atlanta Duplex - Two Detached Homes on One Lot 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

1628 Cecile Avenue SE, Atlanta

Listing courtesy of Keller Knapp, Inc.

1891 Tremont Drive NW, Atlanta
$699,000
10808326 MLS
Rare opportunity to own a fully renovated triplex offering exceptional flexibility in one of Atlanta's rapidly growing Westside neighborhoods. Featuring three private 3-bedroom, 2-bath residences (9 bedrooms and 6 bathrooms total), this property provides multiple options for occupancy and rental use, all under one roof. Connected by a central stairwell, each level has a landing, private door and locks. Two of the residences are fully furnished and are currently operating as successful short-term rentals, while the third residence, previously leased as a long-term rental, is now vacant and ready for its next use. The seller is including the furnishings in Units 1 and 2, creating an opportunity for a seamless transition for the next owner. Each residence features its own private entrance, and every bedroom is equipped with a keyed lock, offering additional flexibility for a variety of residential living arrangements. The layout lends itself to numerous possibilities, including occupying one residence while leasing the others, leasing all three residences, furnished rentals, traditional long-term leasing, or other rental configurations. Ideally situated just minutes from the Atlanta BeltLine, Westside Park, Mercedes-Benz Stadium, Georgia Aquarium, Downtown Atlanta, Hartsfield-Jackson Atlanta International Airport, and the Atlanta University Center (AUC), the property offers convenient access to major employers, colleges and universities, entertainment, and transportation throughout the city. Whether you're looking for a primary residence with income-producing potential or a versatile property with multiple residential rental options, this turnkey triplex offers an exceptional combination of location, flexibility, and opportunity. Schedule your own private showing now or attend one of the upcoming open houses.

1891 Tremont Drive NW, Atlanta

Listing courtesy of HomeSmart.

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