Value-Add Opportunity with Attractive Assumable Debt | 41 Units | 7.4% Cap Rate

1514 Northwest Dr NW, Atlanta, GA 30318

  • For Sale $4,300,000
  • Property Type Multi-Family
  • Property Size 46,228 SF
  • Units 41
  • Lot Size 2.47 Acre
  • Building Class C
  • Year Built 1971
  • Date Updated Jun 23, 2025
This property is located in Atlanta, Ga.This 41-unit value-add multifamily on the bustling westside, is awaiting your cosmetic improvements to raise rents and create instant equity. All of the units are in average condition allowing for significant upside as units turnover, implementing a light value-add strategy. Most all of the units are spacious townhouse style floorplans making them great for those wanting separation between tenants above in a typical flat style apartment building. In addition, these feel like homes with up front parking and walk-up entrances with private rear patios. With Marta nearby and easy access to I-285, one can get to nearby attractions like Truist Park, Cumberland Mall, Atlanta Int’l Airport and downtown Atlanta within minutes.
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Highlights

  • All 2-bedroom units have large eat-in kitchens with private rear patios
  • All electric units with central HVAC
  • All spacious 2-story, 2 bedroom / 1.5 bath townhouse style units with exception of one 3-bedroom flat
  • Ample off-street surface parking
  • Attractive Assumable Debt at 62% LTV, 3.49% interest fixed until 1/1/2029. Call agent for more details
  • Common area greenspace for use by all tenants
  • Easy access to I-285, within 15 minutes of Truist Park (Braves Stadium) and 20 minutes of Atlanta Hartsfield Int’l Airport
  • Gentrifying area of town inside I-285 with several new developments nearby
  • Onsite laundry room
  • Onsite workshop / maintenance area for staff

Contacts

broker
Andy Lundsberg

Bull Realty

Location

Getting Around

  • Walk Score ®

    13/100 Car-Dependent

  • Transit Score ®

    38/100 Some Transit

  • Bike Score ®

    14/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Atlanta, GA
  • Neighborhood Monroe Heights
  • Zip Code 30318
  • Market Atlanta

Points of Interest

  • Hamilton E. Holmes

    2.92 miles

  • Bankhead

    3.63 miles

  • West Lake

    3.69 miles

  • Ashby

    4.75 miles

  • Vine City

    5.40 miles

  • GWCC/CNN Center

    5.73 miles

  • Midtown

    5.79 miles

  • West End

    5.80 miles

  • North Avenue

    5.92 miles

  • Centennial Olympic Park

    5.93 miles

  • Petro

    0.39 miles

  • Shell

    0.64 miles

  • BP

    0.65 miles

  • Chevron

    0.69 miles

  • RaceTrac

    1.60 miles

  • Blink

    4.71 miles

  • Tesla Supercharger

    5.11 miles

  • ChargePoint

    5.19 miles

  • eVgo

    5.19 miles

  • Volta

    5.84 miles

  • H. E. Holmes Park & Ride

    2.85 miles

  • West Lake Park & Ride

    3.75 miles

  • Teacher's Parking Lot

    4.23 miles

  • Parking Lot

    4.36 miles

  • Atlanta Humane Society Guest Parking

    4.40 miles

  • Westminster Parking Deck

    4.47 miles

  • Ashby Park & Ride

    4.68 miles

  • Curran Street Parking Deck

    4.74 miles

  • Motel 6

    2.03 miles

  • Smyrna Inn

    2.14 miles

  • Airway Motel

    2.22 miles

  • Baymont

    2.32 miles

  • Quality Inn & Suites Near Six Flags East

    2.36 miles

  • Comfort Inn & Suites

    2.42 miles

  • Country Inn & Suites

    2.51 miles

  • Budgetel Atlanta

    2.73 miles

  • Fulton Inn Motor Hotel

    2.91 miles

  • Armada Inn

    2.96 miles

  • Deshi Masala Grill and Cafe

    0.64 miles

  • Burger King

    0.64 miles

  • Grand Champion BBQ

    1.07 miles

  • Waffle House

    1.27 miles

  • Pizza Hut

    1.30 miles

  • B's CRACKLIN' BBQ

    1.44 miles

  • Bojangles'

    2.23 miles

  • Zaxby's

    2.28 miles

  • McDonald's

    2.29 miles

  • Krystal

    2.32 miles

  • Alfred Blalock Elementary School

    0.76 miles

  • A D Williams Elementary School

    0.82 miles

  • William J Scott Elementary School

    1.08 miles

  • Chattahoochee Elementary School

    1.09 miles

  • Archer High School

    1.57 miles

  • Usher-Collier Heights Elementary School

    1.59 miles

  • George A Towns Elementary School

    1.68 miles

  • Center Hill School

    1.70 miles

  • Imhotep Academy

    1.71 miles

  • Harper-Archer Elementary School

    1.87 miles

  • Paly 2 Grow

    4.21 miles

  • The Children's Campus @ Georgia Tech

    5.20 miles

  • Carol's Daughter Learning Center

    6.24 miles

  • Oxford Babies

    6.50 miles

  • Sunbrook Academy

    6.80 miles

  • Innovators Trilingual Academy

    6.83 miles

  • Buckhead Preparatory School

    6.92 miles

  • Primrose School

    7.43 miles

  • Childcare Center

    7.48 miles

  • YWCA

    7.68 miles

Frequently Asked Questions

How much does Value-Add Opportunity with Attractive Assumable Debt | 41 Units | 7.4% Cap Rate cost?

The space currently listed for sale at Value-Add Opportunity with Attractive Assumable Debt | 41 Units | 7.4% Cap Rate asks for $4,300,000.

What is the total square footage of Value-Add Opportunity with Attractive Assumable Debt | 41 Units | 7.4% Cap Rate?

Value-Add Opportunity with Attractive Assumable Debt | 41 Units | 7.4% Cap Rate totals 46,228 square feet.

When was this property built?

Value-Add Opportunity with Attractive Assumable Debt | 41 Units | 7.4% Cap Rate was built in 1971.

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Contact Listing Broker
broker
Andy Lundsberg

Bull Realty

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