Midtown (ATL) - 8 Unit Multifamily Opportunity | 7% Cap Rate

314 5th St NE, Atlanta, GA 30308

Property Information

  • For Sale $1,685,000
  • Property Type Multi-Family
  • Property Size 7,155 SF
  • Units 8
  • Lot Size 0.13 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1920
  • Year Renovated 2021
  • Date Updated Aug 5, 2026

Description

This property is located in Midtown Atlanta.Rare opportunity to purchase this recently renovated 8-unit apartment building in the heart of Midtown. The property is 100% leased with Atlanta Housing Authority tenants providing stable direct deposit monthly income with easy management at an attractive 7% cap rate.

Highlights

  • 100% occupied with stable long-term tenants
  • All units have in-unit laundry
  • Easy low maintenance management
  • Long term tenants: 1 tenant for 5 years. 3 tenants for almost 3 years. 2 tenants for almost 2 years.
  • Prime Midtown location - walkable to nearby Piedmont Park, Eastside Beltline and more.
  • Recently renovated in 2021
  • Strong leasing demand / low vacancy submarket
  • Updated interiors featuring new kitchens, baths, flooring, lighting, and more

Contacts

Location

Located at 314 5th St NE, Atlanta, GA 30308, this property is part of the Midtown Atlanta neighborhood and Atlanta market.

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