2045 Lois Place NW Atlanta, GA $ 489,900
2045 Lois Place NW
$ 489,900
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2045 Lois Place NW

Atlanta, GA, 30318
$ 489,900
Baths0.0

Monthly Estimate*

$ 3,016

2045 Lois Place NW, Atlanta, GA 30318 - Image 1
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2045 Lois Place NW, Atlanta, GA 30318 - Image 13
Studio

Multi-Family Home for sale in Atlanta, GA

for $489,900. This home was built in 2004 on a lot size of 0.172.

10% CAP RATE | $70K+ ANNUAL RENT | CONFORMING DUPLEX Secure a premier, battle-tested asset in Atlanta’s high-growth Grove Park with this legal duplex at 2045 Lois Pl NW, a turnkey powerhouse currently generating nearly $6,000 in monthly gross income with proven potential to exceed $7,000. Built in 2004, this newer-construction brick and frame property offers a robust 10-bedroom, 6-bathroom configuration—5 bedrooms and 3 full baths per side—specifically designed for maximum cash flow. With a conservative 10% Cap Rate and a 17% Cash-on-Cash return, the numbers represent a sophisticated investment opportunity in a key growth corridor that has grossed over $70,000 in the past year. The property has operated as a high-performing PadSplit since 2019, maintaining a remarkable 325-day average member tenure that provides instant revenue and mitigated vacancy risk for the next owner. Recent strategic shifts in February 2025 have further slashed operating expenses, and there is a potential for an additional 8% monthly income upside for those who choose to self-manage. Each unit features an exceptionally strong rental footprint with renovated kitchens, durable hardwood flooring, and separately metered utilities to minimize owner oversight while offering the structural reliability of modern construction for a high-density rental model. Nestled in the heart of Grove Park, the asset is perfectly positioned for the "Westside Park" effect, located just steps from the new Shirley Clarke Franklin Park and the Westside BeltLine expansion to ensure long-term appreciation. Tenants benefit from excellent transit accessibility, including a 10-minute walk to the nearest MARTA bus stop, which connects directly to Downtown and Midtown. This is a rare opportunity to acquire a high-bedroom-count, cash-flowing asset in one of Atlanta's most explosive corridors with immediate revenue and significant future upside.

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Multi-Family Active

Price

$ 489,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,564

Style

Lot Size

0.172

Year Built

2004

Town/City

Atlanta

County/Region

Fulton

MLS | Web ID

7734889

Features
General
Sewer Public Sewer
Heating Central Forced Air
Cooling Central Air
Utilities Cable Available Electricity Available Phone Available Sewer Available Water Available
Roof Composition Shingle
Security Features None
Construction Materials Brick Vinyl Siding
Year Built 2004
View City Neighborhood
Levels Two
Property Subtype Duplex
Tax Year 2025
Parcel Number 17 022600030272
Gross Income 68139
Waterfront Features None
Community Features Near Schools Near Shopping Park Sidewalks Street Lights
Accessibility None
County Fulton - GA
Property Type Residential Income
HOA false
Energy Efficient None
Subdivision Name Grove Park
Green Energy Generation None
Status Active
Directions Head west on I-20 W take exit 53 for GA-139 then turn right onto W Lake Ave NW; turn left onto Donald Lee Hollowell Pkwy NW continue straight onto Hollywood Rd NW then turn right onto Johnson Rd NaW; turn left onto Jones Ave NW then left onto Lois Pl NW. The house will be on your right.
High School Frederick Douglass
City Atlanta
Body of Water None
Number Of Units Total 2
Elementary School William M.Boyd
Property Attached Y/N false
Tax Annual Amount 5564
Home Warranty Y/N false
Middle/Junior High School John Lewis Invictus Academy/Harper-Archer
Property Condition Resale
Standard Status Active
Tax Lot 3
Cap Rate 10.47
Freehold IDX
Corporate Owner Investor Owned
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Interior
Window Features Double Pane Windows Insulated Windows
Total Baths 0
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Exterior
Fencing None
Parking Features Parking Lot
Lot Features Rectangular Lot Sloped Other
Water Source Public
Total Parking 5
Lot Dimensions x
Lot Size Acres 0.172
Lot Size Source Public Records
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* Excluded Features
List By
Kathleen Levy

Listing Agent

Keller Williams Realty Metro Atlanta

Broker

kathleen@stanton.team

Email

Affordability Calculator

$3,480
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,016
Monthly Property Taxes
$464
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3420518 Elementary School
3420547 Middle School
Frederick Douglass High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2026$489,900 Listed Price

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2045 Lois Place NW, Atlanta, GA, 30318 is a Multi-Family Home for sale at $489,900 with a lot size of 0.172. 2045 Lois Place NW is a studio with 0.0 baths and was built in 2004. The property's zip code is 30318 which is in Atlanta, GA