80-Unit Value-Add Multifamily Opportunity

2600 Old Hapeville Rd SW, Atlanta, GA 30315

  • For Sale $5,200,000
  • Property Type Multi-Family
  • Property Size 66,240 SF
  • Units 80
  • Lot Size 6.16 Acre
  • Building Class C
  • Year Built 1969
  • Date Updated Jun 12, 2025
This property is located in Hapeville, Ga.Rare opportunity to acquire an 80-unit apartment complex at a steep discount inside I-285 in Atlanta. The property is currently in need of renovation with only 25% of the units online (10% of which are currently occupied). The other 75% of the units have differing degrees of damage and deferred maintenance including some fire damage (affecting 4 units), past water damage and vandalism. The property last sold for $10,000,000 in December of 2022 as a stabilized asset proving significant value-add potential with the right vision and execution. The spacious units present an opportunity to convert all of the 2 bed/1 bath units into 2 bed / 2 bath units with open kitchen to living room floor plans and / or potentially add in-unit laundry. In addition, all units have private balconies or patios which increases tenant demand over other competing properties. There is plenty of open greenspace and an underutilized basement in one of the buildings allowing for the potential addition of tenant amenities to further enhance value. With the Cleveland Avenue Elementary School next door, a new owner will have a captive audience of potential tenants seeking proximity to schooling with quick easy access to I-75, I-85, I-285, downtown Atlanta and the Atlanta International Airport.
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Highlights

  • Adjacent to Cleveland Avenue Elementary School
  • All units have private balconies off the living rooms
  • Easy, quick access to I-85 and I-75, downtown Atlanta, and Atlanta International Airport
  • Gated property with large greenspace/courtyard between the buildings and mature trees
  • Onsite leasing office (80th unit)
  • Plenty of excess land to add a playground and/or other amenities
  • Potential redevelopment opportunity in the future with 6+ acres of land inside I-285 in a gentrifying neighborhood of Atlanta
  • Potential to convert all of the 2 bed / 1 bath units into 2 bedroom / 2 bath units with open kitchen-to-living-room floorplans
  • Spacious units with separate dining areas and ample closet space
  • Underutilized basement space in one of the buildings that could be converted to onsite laundry

Contacts

broker
Andy Lundsberg

Bull Realty

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent

  • Transit Score ®

    42/100 Some Transit

  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • City Atlanta, GA
  • Neighborhood Browns Mill Park
  • Zip Code 30315
  • Market Atlanta

Points of Interest

  • Lakewood/Fort McPherson

    2.39 miles

  • East Point

    2.83 miles

  • Oakland City

    2.96 miles

  • F Gates & International Terminal

    3.42 miles

  • E Gates

    3.57 miles

  • D Gates

    3.66 miles

  • C Gates

    3.77 miles

  • West End

    3.82 miles

  • B Gates

    3.89 miles

  • College Park

    3.94 miles

  • Valero

    0.55 miles

  • Shell

    0.96 miles

  • Exxon

    0.98 miles

  • Citgo

    1.05 miles

  • Texaco

    1.28 miles

  • Electrify America

    1.39 miles

  • Murphy Express

    1.45 miles

  • Chevron

    1.80 miles

  • eVgo

    2.21 miles

  • ChargePoint

    2.77 miles

  • Peachy Parking

    1.75 miles

  • Peachy Airport Parking

    1.78 miles

  • Yellow Lot

    1.80 miles

  • Gold Lot

    1.81 miles

  • Green Lot

    1.84 miles

  • P.E. Lot

    1.90 miles

  • Blue Lot

    1.95 miles

  • Red Lot

    2.01 miles

  • Lakewood MARTA Park & Ride East Lot

    2.34 miles

  • Lakewood Park & Ride West Lot

    2.45 miles

  • Travel Inn Atlanta

    0.51 miles

  • Holiday Inn Express

    2.03 miles

  • Maison LaVigne

    2.06 miles

  • BEST WESTERN PLUS Atlanta Airport-East

    2.08 miles

  • Kimpton

    2.20 miles

  • Courtyard Atlanta Airport North/Virginia Avenue

    2.26 miles

  • Embassy Suites

    2.37 miles

  • Residence Inn

    2.42 miles

  • DoubleTree by Hilton Hotel Atlanta Airport

    2.45 miles

  • TownePlace Suites Atlanta Airport North

    2.49 miles

  • Krystal

    0.52 miles

  • A Town Wings

    0.88 miles

  • American Deli

    0.92 miles

  • Papa John's

    0.92 miles

  • Burger King

    0.92 miles

  • Pizza Hut

    1.00 miles

  • Wendy's

    1.30 miles

  • McDonald's

    1.36 miles

  • Popeyes

    1.38 miles

  • Captain D's

    1.43 miles

  • Cleveland Elementary

    0.07 miles

  • Cleveland Avenue Elementary School

    0.17 miles

  • Brewer Elementary School

    0.53 miles

  • Emma Hutchinson Elementary School

    1.03 miles

  • Crawford Williamson Long Middle School

    1.19 miles

  • Joseph Humphries Elementary School

    1.24 miles

  • Tull Waters Elementary School

    1.51 miles

  • Fulton High School

    1.51 miles

  • Perkerson Elementary School

    1.56 miles

  • North Avenue School

    1.66 miles

  • Childcare Center

    2.01 miles

  • Primrose School

    4.46 miles

  • Carol's Daughter Learning Center

    4.47 miles

  • Freedom Park Preschool

    6.27 miles

  • Atlanta Montessori International School

    6.28 miles

  • Adult Day Care Center

    6.40 miles

  • The Children's Campus @ Georgia Tech

    6.85 miles

  • YWCA

    7.06 miles

  • Jeannette Cathy Children's Center

    7.79 miles

  • Decatur Presbyterian Children's Community

    8.39 miles

Frequently Asked Questions

How much does 80-Unit Value-Add Multifamily Opportunity cost?

The space currently listed for sale at 80-Unit Value-Add Multifamily Opportunity asks for $5,200,000.

What is the total square footage of 80-Unit Value-Add Multifamily Opportunity?

80-Unit Value-Add Multifamily Opportunity totals 66,240 square feet.

When was this property built?

80-Unit Value-Add Multifamily Opportunity was built in 1969.

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Contact Listing Broker
broker
Andy Lundsberg

Bull Realty

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