Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta. This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity — strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200K–$300K and exterior renovations estimated at $100K between 2017 and 2018. Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.
Pending
$1,395,000
208 Doane St SW, Atlanta, GA 30315
10beds
7,840sqft
Est.:
Single Family Residence, Residential
Built in 1955
9,539.64 Square Feet Lot
$-- Zestimate®
$178/sqft
$-- HOA
What's special
- 136 days
- on Zillow |
- 24 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 11:37am
Listing Provided by:
Stephan Dickie,
Atlanta Leasing & Investment
Source: FMLS GA,MLS#: 7544001

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 5
Rooms
- Room types: Other
Primary bedroom
- Features: Other
- Level: Other
Bedroom
- Features: Other
Primary bathroom
- Features: Other
Dining room
- Features: Other
Kitchen
- Features: Other
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Other
- Laundry: Other
Features
- Other
- Flooring: Other
- Windows: Wood Frames
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 7,840
- Total interior livable area: 7,840 sqft
Video & virtual tour
Property
Parking
- Parking features: Attached
- Has attached garage: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: None
- Exterior features: Other, No Dock
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: Other
Lot
- Size: 9,539.64 Square Feet
- Features: Other
Details
- Additional structures: None
- Parcel number: 14 007400020828
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence, Residential
Materials
- Brick
- Foundation: Slab
- Roof: Asbestos Shingle
Condition
- Resale
- New construction: No
- Year built: 1955
Details
- Builder name: Quality Craftsmen, LLC
- Warranty included: Yes
Utilities & green energy
- Electric: Other
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Green energy
- Energy efficient items: Water Heater
- Energy generation: None
Community & HOA
Community
- Features: None
- Security: Carbon Monoxide Detector(s), Fire Alarm
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Atlanta
Financial & listing details
- Price per square foot: $178/sqft
- Annual tax amount: $13,839
- Date on market: 3/19/2025
- Ownership: Fee Simple
- Road surface type: Concrete
- Body type: Other
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