THIS IS NOT A CAP RATE DEAL. NO OWNER FINANCING. 7-UNIT APARTMENT BUILDING IN GREAT LOCATION! 1.5 miles from Georgia Tech. 1.8 miles from downtown Atlanta. 1.5 miles from West Midtown. 1.6 miles from Mercedes Benz Stadium, 1.7 miles to Georgia Aquarium. Six (6) of the seven (7) units are currently under lease contracts at $825/mo. The 7th unit is available for viewing. Each unit - 2bd, 1 bath. Central Air & Heat. Totally electric. This Apartment Building sits in the English Avenue area, .05 miles from Vine City Community. There are several up and coming work and entertainment projects being developed in the general area. Renovations and updates will be needed to enhance the property overall market appeal. Property being Sold "AS/IS". THIS OPPORTUNITY DOES NOT REPRESENT A ROBUST CAP RATE DEAL IN ITS CURRENT CONDITION!
Active
$875,000
550 Joseph E Lowery Blvd NW, Atlanta, GA 30314
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$831,500 Zestimate®
$--/sqft
$-- HOA
What's special
Central air and heat
- 54 days
- on Zillow |
- 370 |
- 24 |
Zillow last checked: 7 hours ago
Listing updated: July 14, 2025 at 10:06pm
Listed by:
Lonnie Leslie 770-883-2708,
Homesmart Realty Partners
Source: GAMLS,MLS#: 10555279

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Electric, Forced Air
Cooling
- Central Air, Electric
Features
- Basement: None
- Has fireplace: No
Property
Parking
- Total spaces: 7
- Parking features: Off Street, Side/Rear Entrance
Features
- Levels: Two
- Stories: 2
- Body of water: None
Lot
- Size: 0.4 Acres
Details
- Parcel number: 14 011400031272
- Special conditions: As Is,Investor Owned
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Brick
- Foundation: Block, Slab
Condition
- Resale
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Individual Meters
Community & HOA
Community
- Features: None
- Subdivision: Subdivision/Er Elliott Prop
HOA
- Has HOA: No
- Services included: None
Location
- Region: Atlanta
Financial & listing details
- Annual tax amount: $5,971
- Date on market: 7/1/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
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