625-635 Jett St | 18-Unit Multifamily 625 Jett St NW 18 Unit Apartment Building $2,750,000 ($152,778/Unit) 6.40% Cap Rate Atlanta, GA 30318

625-635 Jett Street NW is a prime 18-unit multifamily property in West Midtown, Downtown Atlanta. The multifamily property was renovated buildings in 2018, offering a rare investment opportunity in the rapidly growing English Avenue neighborhood of Downtown Atlanta. 625-635 Jett Street NW sits on a .45-acre lot and consists of three modernized buildings featuring central HVAC, new flooring, appliances, on-site parking, and high-density zoning ideal for future redevelopment. Just two blocks from the Atlanta Westside Beltline Connector Trail and within walking distance of Georgia Tech University, this location combines urban convenience with significant development potential.

The English Avenue neighborhood’s thriving market conditions further enhance the appeal, with a dense and growing population of 185,360 projected to increase by 4% over the next five years. With 69% of residents renting within a three-mile radius, this property enjoys sustained demand. Guaranteed rents from the Atlanta Housing Authority add stability and reliability to the investment. The ongoing transformation of the area, highlighted by projects like Echo Street West, underscores the dynamic and evolving environment.

This property benefits from exceptional connectivity, being within a mile of Interstates 85 and 75, Northside Drive, and multiple MARTA stations. Its central location provides seamless access to major employment hubs, including Downtown, Midtown, and West Midtown, all within three miles of the property. The proximity to renowned educational institutions such as Georgia Tech, Spelman College, Clark Atlanta University, Georgia State University, and Morehouse College highlights its ability to capture potential student renters. Additionally, the area is home to premier attractions like the Georgia Aquarium, World of Coca-Cola, and Centennial Olympic Park.

English Avenue’s vibrant community blends residential charm with urban development. Its designation as a Qualified Opportunity Zone offers substantial tax benefits, including potential reductions in deferred capital gains liability. The property’s beautiful, unobstructed views of the Downtown Atlanta skyline further enhance its investment value. 625-635 Jett Street NW is a rare chance to invest in a fully occupied multifamily property in high demand in one of Atlanta’s most promising neighborhoods.