214 Randolph St - Apartments FOR SALE


Atlanta, GA 30312- Old Fourth Ward
$1,595,000 USD
706-340-3311
214 Randolph St, Atlanta, GA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/33
null | 6.52% Cap Rate

214 Randolph St
Atlanta, GA 30312
Old Fourth Ward


HIGHLIGHTS

  • BeltLine Eastside Trail: Just blocks away, offering access to parks, public art, and year-round events
  • Ponce City Market & Inman Park: A short walk or bike ride connects tenants to premier dining, shopping, and entertainment
  • Accessibility: Quick connections to Downtown, Midtown, and major employment centers via Freedom Parkway and Boulevard
  • Development Momentum: Surrounded by a mix of new construction, adaptive reuse projects, and mixed-use developments
  • 10-unit brick construction with in-place cash flow and professional presentation
  • Corner-lot multifamily asset with both walkability and financial performance

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

10

PRICE/UNIT

$159,500

CAP RATE

6.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Randolph Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,893 SF

ZONING

R5

APN/PARCEL ID

14-0046-0006-099-3

ASK ABOUT THIS PROPERTY

Robert JahnCardinal Real Estate AdvisorsMore Info
706-340-3311

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Robert JahnCardinal Real Estate AdvisorsMore Info
706-340-3311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.