208 Doane Street, Unit 10 Atlanta, GA $ 1,395,000
208 Doane Street, Unit 10
$ 1,395,000
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208 Doane Street, Unit 10

Atlanta, GA, 30315
$ 1,395,000
Baths0.0

Monthly Estimate*

$ 8,703

208 Doane Street, Unit 10, Atlanta, GA 30315 - Image 1
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208 Doane Street, Unit 10, Atlanta, GA 30315 - Image 9
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208 Doane Street, Unit 10, Atlanta, GA 30315 - Image 14
Studio

Multi-Family Home for sale in Atlanta, GA

for $1,395,000. This home was built in 1955 on a lot size of 0.219.

Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta. This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity Co strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200KCo$300K and exterior renovations estimated at $100K between 2017 and 2018. Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.

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Multi-Family Active

Price

$ 1,395,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 13,839

Style

Multi Family

Lot Size

0.219

Year Built

1955

Town/City

Atlanta

County/Region

Fulton

MLS | Web ID

10482025

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Other
HOA Fee 0
Association Fee Includes None
Construction Materials Brick
Year Built 1955
Levels One
Unit Number 10
Property Subtype Multi Family
Tax Year 2024
Gross Income 0
Community Features None
County Fulton
New Construction N
Property Type Residential Income
HOA N
Attached Garage Y
Energy Efficient Water Heater
MaintenanceExpense 0
Subdivision Name NONE
Garage Y/N Y
Status Active
Directions Turn left onto University Avenue SW (0.5 miles). Turn right onto Metropolitan Parkway SW (0.4 miles). Turn left onto Doane St SW. The destination will be on your right.
High School MH Jackson Jr
City Atlanta
Body of Water Other
Senior Community Y/N N
Number Of Units Total 0
Lot Size Units Square Feet
Lot Size Square Feet 9539.64
Carport Y/N N
Elementary School Other
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 13839
Electric Expense 0
Home Warranty Y/N N
Fuel Expense 0
Middle/Junior High School Sylvan Hills
Property Condition Resale
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Basement Crawl Space
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Attached
Water Source Public
Total Parking 0
Lot Size Area 9539.64
Foundation Details Slab
Spa N
Lot Size Acres 0.219
Lot Size Source Other
Waterfront Y/N N
Horse Y/N N
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* Excluded Features
List By
Atlanta Leasing & Investment

Broker

stephan@atlantaleasing.com

Email

Affordability Calculator

$9,856
Per Month
88%
12%
0%
Monthly Principal & Interest
$8,703
Monthly Property Taxes
$1,153
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5338568 Elementary School
4959145 Middle School
MH Jackson Jr High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2025$1,395,000 Listed Price

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208 Doane Street, Unit 10, Atlanta, GA, 30315 is a Multi-Family Home for sale at $1,395,000 with a lot size of 0.219. 208 Doane Street, Unit 10 is a studio with 0.0 baths and was built in 1955. The property's zip code is 30315 which is in Atlanta, GA