208 Doane St Atlanta, GA 30315
Property details
About 208 Doane St
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.
Highlights
Summary
- MLS Number: 7544001
- MLS Name: First Multiple Listing Service
- Office Name: Atlanta Leasing & Investment
- Office Phone: (404) 348-4448
- Listing Agent: Stephan Dickie
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IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/24/2025, 8:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,395,000
208 Doane St
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
Gideons Elementary School
Public District PK-5
0.6 mi
•897 Welch St SW
4
Barack & Michelle Obama Academy
Public District PK-5
0.7 mi
•970 Martin St SE
3
Dunbar Elementary School
Public District PK-5
0.8 mi
•500 Whitehall Ter SW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,549. The most common annual income of people living in Atlanta, GA is less than $<35k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
News
Frequently asked questions
About 208 Doane St
This home is located at 208 Doane St in Atlanta, GA and zip code 30315 in the Southwestern Atlanta neighborhood. This 7,840 square foot home, which was built in 1955, sits on a 0.22 acre lot. Features: 10 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 19, 2025 and is currently priced at $1,395,000.
In March 2025 more than 245 listings in Atlanta, GA were sold above the asking price. During the same period more than 207 listings were sold at asking price, while more than 558 were sold below. Between February and March 2025, Atlanta, GA real estate market has seen increase in the number of listings by 23.8%. While the average time on the market in March 2025 was 46 days, the median list price was $423,362.