80-Unit Value-Add Multifamily Opportunity

For Sale

2600 Old Hapeville Rd SW, Atlanta, GA 30315

This Atlanta property for sale is located at 2600 Old Hapeville Rd SW. The general use of 80-Unit Value-Add Multifamily Opportunity is multi-family and it incorporates 66,240 square feet of class C multi-family space. The current listed sale price for 80-Unit Value-Add Multifamily Opportunity is $5,200,000. 80-Unit Value-Add Multifamily Opportunity is situated on a lot that is 6.16 acre in size.

Contacts

broker
Andy Lundsberg

Bull Realty

Property Details

  • Property Type Multi-Family
  • Property Size 66,240 SF
  • Units 80
  • Lot Size 6.16 Acre
  • Building Class C
  • Year Built 1969
  • Date Updated Jun 19, 2025
This property is located in Hapeville, Ga.Rare opportunity to acquire an 80-unit apartment complex at a steep discount inside I-285 in Atlanta. The property is currently in need of renovation with only 25% of the units online (10% of which are currently occupied). The other 75% of the units have differing degrees of damage and deferred maintenance including some fire damage (affecting 4 units), past water damage and vandalism. The property last sold for $10,000,000 in December of 2022 as a stabilized asset proving significant value-add potential with the right vision and execution. The spacious units present an opportunity to convert all of the 2 bed/1 bath units into 2 bed / 2 bath units with open kitchen to living room floor plans and / or potentially add in-unit laundry. In addition, all units have private balconies or patios which increases tenant demand over other competing properties. There is plenty of open greenspace and an underutilized basement in one of the buildings allowing for the potential addition of tenant amenities to further enhance value. With the Cleveland Avenue Elementary School next door, a new owner will have a captive audience of potential tenants seeking proximity to schooling with quick easy access to I-75, I-85, I-285, downtown Atlanta and the Atlanta International Airport.
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Highlights

  • Adjacent to Cleveland Avenue Elementary School
  • All units have private balconies off the living rooms
  • Easy, quick access to I-85 and I-75, downtown Atlanta, and Atlanta International Airport
  • Gated property with large greenspace/courtyard between the buildings and mature trees
  • Onsite leasing office (80th unit)
  • Plenty of excess land to add a playground and/or other amenities
  • Potential redevelopment opportunity in the future with 6+ acres of land inside I-285 in a gentrifying neighborhood of Atlanta
  • Potential to convert all of the 2 bed / 1 bath units into 2 bedroom / 2 bath units with open kitchen-to-living-room floorplans
  • Spacious units with separate dining areas and ample closet space
  • Underutilized basement space in one of the buildings that could be converted to onsite laundry

Getting around

  • 47/100

    Walk Score ®

  • 42/100

    Transit Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Atlanta, GA
  • Neighborhood Browns Mill Park
  • Zip Code 30315
  • Market Atlanta

Points of Interest

  • Lakewood/Fort McPherson

    2.39 miles

  • East Point

    2.83 miles

  • Oakland City

    2.96 miles

  • F Gates & International Terminal

    3.42 miles

  • E Gates

    3.57 miles

  • D Gates

    3.66 miles

  • C Gates

    3.77 miles

  • West End

    3.82 miles

  • B Gates

    3.89 miles

  • College Park

    3.94 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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