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Listed price in listed location currency (USD).
$1,990,000

000

MLS® 7683935

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes $7,426
Days Active 17
Approx. Age 1956
MLS® Number 7683935

Property Address: 138 Lamar Ave Nw, Atlanta, GA, 30314-1480

Average square foot calculated using Size range provided by listing agent.

Description

True Value-Add Opportunity in Atlanta’s West End Area Exceptional investment potential in the Dixie Hills neighborhood, offering convenient access to nearby parks, I-20, and Downtown Atlanta. The current owner has made no efforts to increase rents or lease remaining vacancies in anticipation of a sale, leaving substantial upside on the table. Average in-place rents are only $800 per unit, well below market. This is not a cap-rate sale — the property is approximately 90% occupied and being sold strictly as-is, representing a true value-add opportunity based on future performance rather than current income. 20 units feature 2-bed/1-bath floor plans in classic condition. An existing studio room with a full bathroom (currently used by maintenance) brings the total to 21 units. Each unit includes central HVAC, in-unit laundry connections, and separately metered electric and gas; water is master-metered. The property enjoys easy access to I-20, Downtown Atlanta, and the West End. Notably, a $75.5 million bond was issued last year for the redevelopment project directly across the street — a strong signal of area revitalization and investor confidence. Comparable renovated units across the street rent for around $1, 600 ($1500 if subsidized) per month, underscoring the significant rent growth potential. This is your chance to acquire a proven cash-flow opportunity in one of Atlanta’s fastest-growing submarkets. Attractive financing is available.
MLS® Number7683935
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1956
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 20, 2025List Date
$1,990,000List Price
  • Commute

Commute

Starting Address
Destination Address
138 Lamar Ave Nw, Atlanta, GA

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