$3,741 Closing Credit¹
#10495370, Marc Brenner, Listing Office: eXp Realty
$1,395,000 List price
208 Doane St Unit 10 Atlanta, GA 30315
$10,000
Closing credit¹
0.2 acres
Multi-Family
Property details
About 208 Doane St Unit 10
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 Co strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200KCo$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
Home typeMulti Family
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.219 Acres
Year built1955
ParkingAttached
MLS #10482025
Attached garageYes
Summary
- MLS Number: 10482025
- MLS Name: Georgia MLS 2
- Office Name: Atlanta Leasing & Investment
- Office Email: Stephan@atlantaleasing.com
- Listing Agent: Stephan Dickie
Based on information from the Georgia MLS © 2025.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
DMCA Notice
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, 4:20:52 AM 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 Unit 10
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
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. Residents of Atlanta, GA typically earn less than $<35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
65%
<35k
28%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
73%
Single, No Kids
19%
Single, with Kids
6%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
25%
18-34 yrs old
47%
35-64 yrs old
6%
65+ yrs old
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
All data provided by Home Junction and Claritas
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This home is located at 208 Doane St Unit 10 in Atlanta, GA and zip code 30315 in the Southwestern Atlanta neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 19, 2025 and is currently priced at $1,395,000.
In March 2025, from all listings sold in Atlanta, GA there were more than 245 sold above asking price, over 558 sold below and more than 207 were sold right at the asked price. The number of homes for sale in Atlanta, GA increased by 23.8% between February and March 2025. The median list price of listings available in March 2025 was $423,362, while the average time on the real estate market was 46 days.
From Rocket Homes Real Estate and based on county public records data.