14-Unit Value-Add Opportunity in Hapeville Near Delta Headquarters and Atlanta Airport

For Sale

877 Virginia Ave, Atlanta, GA 30354

This Atlanta property for sale is located at 877 Virginia Ave. The general use of 14-Unit Value-Add Opportunity in Hapeville Near Delta Headquarters and Atlanta Airport is multi-family and it incorporates 9,800 square feet of class C multi-family space. The current listed sale price for 14-Unit Value-Add Opportunity in Hapeville Near Delta Headquarters and Atlanta Airport is $1,700,000. 14-Unit Value-Add Opportunity in Hapeville Near Delta Headquarters and Atlanta Airport is situated on a lot that is 0.49 acre in size.

Contacts

broker
Andy Lundsberg

Bull Realty

Property Details

  • Property Type Multi-Family
  • Property Size 9,800 SF
  • Units 14
  • Lot Size 0.49 Acre
  • Building Class C
  • Year Built 1960
  • Date Updated Apr 23, 2025
This property is located in Atlanta, Georgia.Rare opportunity to acquire a 14-unit value-add multifamily property in a prime, irreplaceable location. Situated on Virginia Avenue, this property is highly walkable to surrounding retail and restaurants, as well as key landmarks like the Delta Air Lines Headquarters, Delta Flight Museum, and downtown Hapeville. Additionally, a public bus stop is conveniently located right in front of the property. Just steps from Hartsfield-Jackson Atlanta International Airport, the property is ideally positioned to attract airport employees, Delta staff, and could even serve as a short-term rental for flight crews, pilots, or other travelers seeking close proximity to the airport. This highly visible corner parcel also presents an excellent future commercial redevelopment opportunity as the area continues to grow.
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Highlights

  • 100% occupied, 14-unit multifamily opportunity in highly sought-after Hapeville area
  • Additional storage room on the second floor that could be converted to a bedroom, creating a 2 bed/1 bath unit
  • All units are spacious 1 bed/1 bath flats in average condition, allowing for a cosmetic value-add opportunity as leases turnover
  • All units feature eat-in kitchens and ample closet and storage space
  • Close proximity to Delta Headquarters, Wells Fargo Headquarters, Porsche Headquarters, downtown Hapeville, and the Atlanta Airport
  • Convenient access to I-85, I-75, and I-285, all just minutes away
  • Excellent walkability to nearby restaurants and retail
  • Highly visible corner parcel with two points of ingress/egress
  • Large open courtyard amenity space at the front of the building
  • MARTA bus stop located in front of the property
  • Most units have been upgraded to central HVAC, and all units have new windows
  • New gutters installed
  • Off-street parking in the rear and side of the building
  • One main water heater for entire building, replaced in 2023
  • Onsite laundry room
  • Roof replaced in 2019 with a 12 year warranty
  • Unique features: one unit with a private deck and another with a private enclosed sunroom and fenced patio

Getting around

  • 65/100

    Walk Score ®

  • 47/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Atlanta, GA
  • Zip Code 30354
  • Market Atlanta

Points of Interest

  • F Gates & International Terminal

    1.30 miles

  • E Gates

    1.35 miles

  • D Gates

    1.42 miles

  • C Gates

    1.51 miles

  • B Gates

    1.63 miles

  • A Gates

    1.75 miles

  • East Point

    1.79 miles

  • College Park

    1.84 miles

  • T Gates

    1.88 miles

  • Domestic Terminal

    1.95 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Andy Lundsberg

Bull Realty

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