The property is sold as a package with 999 Greenwood Ave. PACKAGE PRICE IS $4,250,000. Rare Dual-Building Investment in Virginia-Highland – 999 & 1005 Greenwood Avenue NE, Atlanta, GA An exceptional opportunity to own two ADJACENT multifamily buildings in the heart of one of Atlanta’s most walkable and desirable neighborhoods. 999 and 1005 Greenwood Ave are side-by-side properties, ideally positioned just blocks from the Atlanta BeltLine, Ponce City Market, Piedmont Park, and the vibrant retail and dining scenes of Virginia-Highland, L5P, and Inman Park. 1005 Greenwood was newly rebuild from foundation up in 1989. Together, these properties feature 14 light-filled units: 11 units 1bed/1bath, 1 unit 3bed/1,5 bath, 1 unit 2bed/1bath, 1 unit 2bed/1,5bath. Properties have a strong rental history and consistent tenant demand. Thoughtfully updated, both buildings offer solid income and long-term appreciation potential. Prime location near major lifestyle amenities and transit corridors. Stable occupancy with room for rental growth. Modern upgrades, off-street parking, and shared outdoor space. Potential for future redevelopment. The property has 10 off-street parking spots. Whether you're expanding a portfolio, executing a 1031 exchange, or seeking a strategic value-add investment, 999 and 1005 Greenwood Ave present a compelling and flexible acquisition in the heart of Atlanta’s cultural core.
Active
$1,200,000
1005 Greenwood Ave NE, Atlanta, GA 30306
8beds
4baths
--sqft
Est.:
Quadruplex, Residential Income
Built in 1935
-- sqft lot
$1,178,200 Zestimate®
$--/sqft
$-- HOA
What's special
Light-filled unitsModern upgradesOff-street parkingShared outdoor space
- 5 days
- on Zillow |
- 390 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: August 06, 2025 at 03:03am
Listing Provided by:
ELENA VOLKOVA,
HomeSmart 770-317-7481
Source: FMLS GA,MLS#: 7626908

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air, Window Unit(s)
Features
- Windows: Double Pane Windows
Video & virtual tour
Property
Parking
- Total spaces: 9
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: Three Or More
- Fencing: Back Yard
- Has view: Yes
- View description: Neighborhood
- Waterfront features: None
- Body of water: None
Lot
- Size: 10,001.38 Square Feet
- Features: Level
Details
- Parcel number: 14 001600050446
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Brick, Cement Siding, Frame
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: Near Beltline, Near Public Transport, Near Schools, Near Shopping, Park, Playground, Restaurant, Sidewalks, Street Lights, Other
- Security: Carbon Monoxide Detector(s)
- Subdivision: Virginia Highland
HOA
- Has HOA: No
Location
- Region: Atlanta
Financial & listing details
- Tax assessed value: $922,200
- Annual tax amount: $15,102
- Date on market: 8/4/2025
- Electric utility on property: Yes
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