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Lender-Owned Value-Add MF | Atlanta MSA 150 Fairfield Pl NW 27 Apartment Units Online Auction Sale Atlanta, GA 30314
Investment Highlights
- Dreamscape on Fairfield at 150 Fairfield Place, Atlanta, Georgia, is a 27-unit, two-building apartment community spanning 32,607 square feet.
- Population base grew 14.5% from 2020 to 2025. With $10B of private investment activity nearby, the 5-year projected growth for Fulton County is 40%.
- I-20 access, MARTA proximity, nearby shops/dining, and Anderson Park create connectivity and amenities for renters, families, and commuters.
- Occupancy is 44.44%, with a unit mix of two studios, one one-bedroom unit, and 24 two-bedroom units, yielding an average monthly rent of $1,318.
- Situated on approximately 0.86 acres zoned RG2, Residential General, in Dixie Hills, less than 5 miles west of Downtown Atlanta.
- Also available for purchase as individual or portfolio: 3937 Glenwood Road, 1204 Lakeview Drive, and 3045 Semmes Street, all based in Atlanta MSA.
Executive Summary
Discover the continued transformation of Atlanta’s Westside corridor by acquiring this 44.44% occupied multifamily asset at 150 Fairfield Place NW. Dubbed Dreamscape on Fairfield, the property spans 32,607 square feet across two buildings on approximately 0.86 acres zoned RG2, Residential General.
Dreamscape on Fairfield features 27 units in two-story, walk-up buildings. There are two studio units with an average size of 600 square feet and an in-place monthly rent of $1,010. There is a single one-bedroom unit spanning 650 square feet with an in-place rent of $1,160 per month. The community largely comprises two-bedroom units, with 24 total at an average size of 700 square feet and an average in-place monthly rent of $1,365. These rents remain below market averages, creating a clear mark-to-market and lease-up opportunity for new ownership.
Dreamscape on Fairfield is located in Dixie Hills, a historic West Atlanta neighborhood less than 5 miles west of Downtown Atlanta. Centered around 52-acre Anderson Park, the community features tree-lined streets and a mix of renovated bungalows and new infill housing. The location offers access to downtown, West Midtown, Georgia Tech, MARTA, and Interstate 20, positioning the property as an affordable alternative near Atlanta’s core employment nodes.
The surrounding Westside investment narrative is increasingly defined by transit access, BeltLine connectivity, and public-sector reinvestment. MARTA has advanced master-planning for the 22-acre H.E. Holmes station area, and has approved the release of a developer RFP to transform the surface parking around the station into a large, mixed-use development that will include placemaking, community amenities, and retail opportunities, as well as both market-rate and affordable/workforce housing. The area will be a primary beneficiary of the $10 billion of development currently underway in Downtown Atlanta, and it provides residents with convenient access to some of the largest employers within the greater metro region. The BeltLine’s Westside Trail expansion has also improved neighborhood connectivity, including a 1.3-mile segment linking Washington Park to Grove Park and creating nearly 7 miles of uninterrupted trail access.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Dreamscape on Fairfield features 27 units in two-story, walk-up buildings. There are two studio units with an average size of 600 square feet and an in-place monthly rent of $1,010. There is a single one-bedroom unit spanning 650 square feet with an in-place rent of $1,160 per month. The community largely comprises two-bedroom units, with 24 total at an average size of 700 square feet and an average in-place monthly rent of $1,365. These rents remain below market averages, creating a clear mark-to-market and lease-up opportunity for new ownership.
Dreamscape on Fairfield is located in Dixie Hills, a historic West Atlanta neighborhood less than 5 miles west of Downtown Atlanta. Centered around 52-acre Anderson Park, the community features tree-lined streets and a mix of renovated bungalows and new infill housing. The location offers access to downtown, West Midtown, Georgia Tech, MARTA, and Interstate 20, positioning the property as an affordable alternative near Atlanta’s core employment nodes.
The surrounding Westside investment narrative is increasingly defined by transit access, BeltLine connectivity, and public-sector reinvestment. MARTA has advanced master-planning for the 22-acre H.E. Holmes station area, and has approved the release of a developer RFP to transform the surface parking around the station into a large, mixed-use development that will include placemaking, community amenities, and retail opportunities, as well as both market-rate and affordable/workforce housing. The area will be a primary beneficiary of the $10 billion of development currently underway in Downtown Atlanta, and it provides residents with convenient access to some of the largest employers within the greater metro region. The BeltLine’s Westside Trail expansion has also improved neighborhood connectivity, including a 1.3-mile segment linking Washington Park to Grove Park and creating nearly 7 miles of uninterrupted trail access.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Building Class | C |
| Sale Condition | Auction Sale | Lot Size | 0.86 AC |
| Type of Ownership | Fee Simple | Building Size | 32,607 SF |
| No. Units | 27 | Average Occupancy | 44% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Low-Rise | Parcel Number | 14-0179-0003-046-6 |
| Zoning | RG2 - Residential General | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 32,607 SF |
| Average Occupancy | 44% |
| No. Stories | 2 |
| Year Built | 1966 |
| Zoning | RG2 - Residential General |
| Parcel Number | 14-0179-0003-046-6 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 600 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Sale Advisor
Sale Advisor
Nick Steen, Senior Associate
Nick has worked in Commercial Real Estate for the last 10 years, both on the principal side, managing acquisitions, leasing, development, and asset strategy, as well as on the brokerage side, assisting property owners with capital markets debt and equity financing, public/private infrastructure financing, development management, JV formation, and investment sales. Nick has played an integral role in transactions totaling over $2 billion in the aggregate during his career and holds a degree in Political Science from the University of Miami and a Juris Doctor from the University of North Carolina at Chapel Hill.
About the Auction Technology
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Auction Contact
Casey Harrell
Contact
Auctioneer License:
Ten-X Commercial, LLC Jessica Anne Figueroa RE Brkr 75044. Ten-X Commercial, LLC Arlene Richardson Auction Firm AU003185
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Photos
Street View
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Lender-Owned Value-Add MF | Atlanta MSA | 150 Fairfield Pl NW
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Lender-Owned Value-Add MF | Atlanta MSA | 150 Fairfield Pl NW
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