The Arlowe

1898 Spring Road SE, Smyrna, GA 30080

  • For Sale Contact for pricing
  • Property Type Other
  • Property Size 117 SF
  • Units 148
  • Year Built 1975
  • Date Updated Jul 31, 2025

Offered Well Below Replacement Cost with Immediate Value: The Arlowe presents a rare opportunity to acquire a modernized townhome community below both replacement cost and its previous sale price, offering downside protection and significant value-add potential.

Over $4 Million Invested – Major Renovations Completed: Approximately $4.2 million has been invested in comprehensive exterior and system upgrades, along with modernizing 104 units (~70%) to an Elite finish level. Another 37 units have received recent updates, offering a clear path to unify finishes and boost market rents.

Attractive amenity Package and Strong Curb Appeal: A robust amenity package, including a clubhouse, pool, fitness center, pickleball court, and dog park, paired with thoughtful landscaping and architectural details, drives strong curb appeal and leasing momentum.

Limited Remaining Capital & Clear Operational Upside: With just 7 classic units remaining and physical occupancy near 88%, a new owner can unlock upside through lease-up and operational improvements, supported by proven rent premiums for renovated units.

Competes Well with Newer Product at Lower Rates: Renovated units achieve Class A–competitive rents while remaining a value option for residents, with limited new supply in Cobb County reinforcing long-term demand.

Desirable Townhome Layouts & Resident Appeal: Spacious townhome-style layouts provide greater privacy and livability than garden apartments, while in-unit laundry—available in most renovated homes—boosts retention and renter satisfaction.

Clear Path to Stabilization and Cash Flow: With the heavy lift complete, new ownership can focus on fully stabilizing occupancy, finalizing any remaining upgrades, and closing the mark-to-market rent gap. The result is a well-located, durable cash-flowing asset with attractive long-term fundamentals in a high-barrier submarket.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker
Chandler Brown

GREA

broker
Taylor Brown

GREA

broker
Cory Caroline Sams

GREA

Location

Getting Around

  • Walk Score ®

    52/100 Somewhat Walkable

  • Transit Score ®

    22/100 Minimal Transit

  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Smyrna, GA
  • Neighborhood The Heights at Spring Road
  • Zip Code 30080
  • Market Atlanta

Points of Interest

  • Buckhead

    7.83 miles

  • Lindbergh Center

    8.47 miles

  • Lenox

    8.48 miles

  • Bankhead

    8.55 miles

  • Medical Center MARTA

    8.68 miles

  • Medical Center

    8.71 miles

  • Hamilton E. Holmes

    8.93 miles

  • Sandy Springs

    9.14 miles

  • North Springs

    9.26 miles

  • Dunwoody MARTA

    9.28 miles

  • Shell

    0.76 miles

  • BP

    0.81 miles

  • RaceTrac

    1.09 miles

  • Chevron

    1.19 miles

  • QuikTrip

    1.35 miles

  • Marthon

    1.58 miles

  • Electrify America

    1.98 miles

  • Tesla Supercharger

    2.44 miles

  • MARIETTA / FGSC EV

    3.28 miles

  • Volta

    5.38 miles

  • Yellow Parking

    1.64 miles

  • Residental Car Parking

    1.66 miles

  • Purple Parking

    1.66 miles

  • Green Parking

    1.70 miles

  • Cobb Galleria Centre Blue Deck

    1.76 miles

  • Silver Parking

    1.77 miles

  • Cobb Galleria Centre Red Deck

    1.82 miles

  • Braves 9

    1.85 miles

  • Cobb Galleria Centre Green Deck

    1.87 miles

  • Braves North 29

    1.98 miles

  • Extended Stay America - Atlanta - Cumberland Mall

    1.18 miles

  • Residence Inn Atlanta Cumberland/Galleria

    1.36 miles

  • Holiday Inn Express

    1.42 miles

  • Hyatt Place Atlanta Cobb Galleria

    1.45 miles

  • Hampton Inn

    1.51 miles

  • La Quinta

    1.55 miles

  • Wingate

    1.57 miles

  • DoubleTree Suites

    1.62 miles

  • Fairfield Inn & Suites Atlanta Vinings/Galleria

    1.65 miles

  • Aloft Atlanta at The Battery Atlanta

    1.65 miles

  • Da Vinci's Pizzeria

    0.17 miles

  • Mezza Luna Pasta & Seafood

    0.35 miles

  • DQ Grill & Chill

    0.38 miles

  • The Original Hot Dog Factory

    0.43 miles

  • US Cafe Express

    0.68 miles

  • Mint Leaf Indian Cuisine

    0.71 miles

  • Little Caesars

    0.72 miles

  • Zaxby's

    0.73 miles

  • Newk's Eatery

    0.76 miles

  • Bad Daddys Burger Bar

    0.78 miles

  • Rose Garden School

    0.41 miles

  • Campbell Middle School

    0.51 miles

  • Hawthorne School

    0.82 miles

  • Argyle Elementary School

    0.89 miles

  • First Baptist Weekday Preschool

    0.98 miles

  • Amana Academy

    1.21 miles

  • Teasley Elementary School

    1.39 miles

  • Smyrna Elementary School

    1.43 miles

  • Campbell High School

    1.56 miles

  • Brown Professional Learning Center

    1.67 miles

  • Innovators Trilingual Academy

    1.20 miles

  • Oxford Babies

    1.79 miles

  • Prime Step

    1.95 miles

  • KinderCare

    2.80 miles

  • Bright Horizons

    3.01 miles

  • Sunbrook Academy

    4.77 miles

  • Buckhead Preparatory School

    5.14 miles

  • Childcare Network

    5.48 miles

  • Primrose School

    5.93 miles

  • Allgood Head Start / Pre-K

    6.11 miles

Frequently Asked Questions

How much does The Arlowe cost?

The sale price for The Arlowe is available upon request. Contact the listing broker for more information.

What is the total square footage of The Arlowe?

The Arlowe totals 117 square feet.

When was this property built?

The Arlowe was built in 1975.

Looking for more in-depth information on this property?

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Contact The Arlowe
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