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208 SW Doane St 10 Unit Apartment Building $685,000 ($68,500/Unit) Atlanta, GA 30315
Investment Highlights
- Ideally located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood.
- There are plentiful neighborhood amenities and restaurants within a quick drive including Publix, Tropical Smoothie Café, CAVA, and more.
- I-85 quickly connects this property from Downtown Atlanta, Hartsfield-Jackson Atlanta International Airport, and other major attractions.
Executive Summary
Atlanta Leasing & Investment is proud to present 208 Doane Street, a compelling multifamily investment opportunity located near Mercedes-Benz Stadium, Georgia State University, and a BeltLine entrance. The property sits within a rapidly evolving submarket poised for continued growth, particularly as Atlanta prepares to host FIFA World Cup matches. The surrounding area is anchored by several of the city’s most significant transformative developments, including Centennial Yards and the South Downtown Revitalization.
In March 2025, the property experienced a building fire that impacted several interior units. Importantly, the structure remains intact, with the exterior largely unaffected and no material structural compromise. The property is zoned SPI-18 SA6 and, because the existing structure remains, it retains the ability to support 10 units, each configured as two-bedroom, one-bathroom apartments.
As a result of the incident, the asset is now being offered as a value-add opportunity. The seller is open to a meaningful price reduction from the original list price, creating a compelling basis for investors seeking repositioning potential in a high-growth Atlanta submarket.
In March 2025, the property experienced a building fire that impacted several interior units. Importantly, the structure remains intact, with the exterior largely unaffected and no material structural compromise. The property is zoned SPI-18 SA6 and, because the existing structure remains, it retains the ability to support 10 units, each configured as two-bedroom, one-bathroom apartments.
As a result of the incident, the asset is now being offered as a value-add opportunity. The seller is open to a meaningful price reduction from the original list price, creating a compelling basis for investors seeking repositioning potential in a high-growth Atlanta submarket.
Property Facts
| Price | $685,000 | Building Class | C |
| Price Per Unit | $68,500 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 7,840 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.02/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | SPI-18 SA6 | ||
| Price | $685,000 |
| Price Per Unit | $68,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,840 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.02/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | SPI-18 SA6 |
Amenities
Unit Amenities
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 600 - 750 |
Property Taxes
| Parcel Number | 14-0074-0002-082-8 | Improvements Assessment | $402,760 |
| Land Assessment | $60,000 | Total Assessment | $462,760 |
Property Taxes
Parcel Number
14-0074-0002-082-8
Land Assessment
$60,000
Improvements Assessment
$402,760
Total Assessment
$462,760
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