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Pending
  • $1,395,000

    208 Doane St SW, Atlanta, GA 30315

    10beds
    7,840sqft
    : 
    Single Family Residence, Residential
    Built in 1955
    9,539.64 Square Feet Lot
    $-- Zestimate®
    $178/sqft
    $-- HOA

    What's special

    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.
    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#: 7544001MLS Logo
    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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