Randolph Street Apartments 214 Randolph St 10 Unit Apartment Building $1,595,000 ($159,500/Unit) 6.52% Cap Rate Atlanta, GA 30312
INVESTMENT HIGHLIGHTS
- BeltLine Eastside Trail: Just blocks away, offering access to parks, public art, and year-round events
- Accessibility: Quick connections to Downtown, Midtown, and major employment centers via Freedom Parkway and Boulevard
- 10-unit brick construction with in-place cash flow and professional presentation
- Ponce City Market & Inman Park: A short walk or bike ride connects tenants to premier dining, shopping, and entertainment
- Development Momentum: Surrounded by a mix of new construction, adaptive reuse projects, and mixed-use developments
- Corner-lot multifamily asset with both walkability and financial performance
EXECUTIVE SUMMARY
10-Unit Multifamily Opportunity
214 Randolph Street presents a compelling opportunity to acquire a well-maintained, income-producing 10-unit multifamily property in the heart of Atlanta’s vibrant Old Fourth Ward neighborhood. This all-brick two-story complex features a balanced unit mix, stable tenant base, and easy access to major destinations such as the Atlanta BeltLine, Ponce City Market, and Inman Park.
- Low-maintenance brick exterior construction
- Consistent rental performance with current rents at or near market rate
- Eight 1BR units and two 2BR units with upside potential through light value-add improvements
- Corner lot with 12 surface parking spaces and excellent visibility
- Located within walking distance to restaurants, shops, parks, and the BeltLine Eastside Trail
- Situated in a quiet residential pocket of Old Fourth Ward near booming redevelopment projects
- Strong demographic and rent growth trends in the immediate area
- Immediate investor appeal with high occupancy and a stable expense structure
214 Randolph Street presents a compelling opportunity to acquire a well-maintained, income-producing 10-unit multifamily property in the heart of Atlanta’s vibrant Old Fourth Ward neighborhood. This all-brick two-story complex features a balanced unit mix, stable tenant base, and easy access to major destinations such as the Atlanta BeltLine, Ponce City Market, and Inman Park.
- Low-maintenance brick exterior construction
- Consistent rental performance with current rents at or near market rate
- Eight 1BR units and two 2BR units with upside potential through light value-add improvements
- Corner lot with 12 surface parking spaces and excellent visibility
- Located within walking distance to restaurants, shops, parks, and the BeltLine Eastside Trail
- Situated in a quiet residential pocket of Old Fourth Ward near booming redevelopment projects
- Strong demographic and rent growth trends in the immediate area
- Immediate investor appeal with high occupancy and a stable expense structure
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $1,595,000 |
| Price Per Unit | $159,500 |
| Sale Type | Investment |
| Cap Rate | 6.52% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 7,386 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2017 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | R5 - R5 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Hardwood Floors
- Refrigerator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,250 | 650 - 675 |
| 2+1 | 2 | $1,480 | 832 |
1 of 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 14-0046-0006-099-3 | Total Assessment | $504,400 (2023) |
| Land Assessment | $120,000 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $384,400 (2023) | Tax Year | 2025 |
