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 @ $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’s 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
2beds
1baths
--sqft
Est.:
Other, Residential Income
Built in 1960
-- sqft lot
$852,800 Zestimate®
$--/sqft
$-- HOA
What's special
Central air and heat
- 170 days
- on Zillow |
- 387 |
- 27 |
Zillow last checked: 7 hours ago
Listing updated: July 21, 2025 at 02:51pm
Listing Provided by:
Lawrence Leslie,
Homesmart Realty Partners 770-883-2708
Source: FMLS GA,MLS#: 7538395

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Electric, Forced Air
Cooling
- Central Air, Electric
Features
- Windows: Double Pane Windows, Wood Frames
Video & virtual tour
Property
Parking
- Total spaces: 7
- Parking features: Parking Lot, Paved
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: No Dock
- Fencing: Back Yard,Chain Link,Fenced,Wood
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.4 Acres
- Features: Level
Details
- Parcel number: 14 011400031272
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other, Residential Income
Materials
- Brick 4 Sides
- Roof: Composition,Shingle,Tar/Gravel
Condition
- Resale
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: None
- Security: Carbon Monoxide Detector(s)
- Subdivision: Subdivision/Er Elliott Prop
HOA
- Has HOA: No
Location
- Region: Atlanta
Financial & listing details
- Annual tax amount: $5,971
- Date on market: 3/10/2025
- Cumulative days on market: 170 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
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