Value-Add Opportunity with Attractive Assumable Debt | 41 Units | 7.4% Cap Rate

For Sale

1514 Northwest Dr NW, Atlanta, GA 30318

This Atlanta property for sale is located at 1514 Northwest Dr NW. The general use of Value-Add Opportunity with Attractive Assumable Debt | 41 Units | 7.4% Cap Rate is multi-family and it incorporates 46,228 square feet of class C multi-family space. The current listed sale price for Value-Add Opportunity with Attractive Assumable Debt | 41 Units | 7.4% Cap Rate is $4,300,000. Value-Add Opportunity with Attractive Assumable Debt | 41 Units | 7.4% Cap Rate is situated on a lot that is 2.47 acre in size.

Contacts

broker
Andy Lundsberg

Bull Realty

Property Details

  • Property Type Multi-Family
  • Property Size 46,228 SF
  • Units 41
  • Lot Size 2.47 Acre
  • Building Class C
  • Year Built 1971
  • Date Updated Jun 23, 2025
This property is located in Atlanta, Ga.This 41-unit value-add multifamily on the bustling westside, is awaiting your cosmetic improvements to raise rents and create instant equity. All of the units are in average condition allowing for significant upside as units turnover, implementing a light value-add strategy. Most all of the units are spacious townhouse style floorplans making them great for those wanting separation between tenants above in a typical flat style apartment building. In addition, these feel like homes with up front parking and walk-up entrances with private rear patios. With Marta nearby and easy access to I-285, one can get to nearby attractions like Truist Park, Cumberland Mall, Atlanta Int’l Airport and downtown Atlanta within minutes.
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Highlights

  • All 2-bedroom units have large eat-in kitchens with private rear patios
  • All electric units with central HVAC
  • All spacious 2-story, 2 bedroom / 1.5 bath townhouse style units with exception of one 3-bedroom flat
  • Ample off-street surface parking
  • Attractive Assumable Debt at 62% LTV, 3.49% interest fixed until 1/1/2029. Call agent for more details
  • Common area greenspace for use by all tenants
  • Easy access to I-285, within 15 minutes of Truist Park (Braves Stadium) and 20 minutes of Atlanta Hartsfield Int’l Airport
  • Gentrifying area of town inside I-285 with several new developments nearby
  • Onsite laundry room
  • Onsite workshop / maintenance area for staff

Getting around

  • 13/100

    Walk Score ®

  • 38/100

    Transit Score ®

  • 14/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Atlanta, GA
  • Neighborhood Monroe Heights
  • Zip Code 30318
  • Market Atlanta

Points of Interest

  • Hamilton E. Holmes

    2.92 miles

  • Bankhead

    3.63 miles

  • West Lake

    3.69 miles

  • Ashby

    4.75 miles

  • Vine City

    5.40 miles

  • GWCC/CNN Center

    5.73 miles

  • Midtown

    5.79 miles

  • West End

    5.80 miles

  • North Avenue

    5.92 miles

  • Centennial Olympic Park

    5.93 miles

  • Petro

    0.39 miles

  • Shell

    0.64 miles

  • BP

    0.65 miles

  • Chevron

    0.69 miles

  • RaceTrac

    1.60 miles

  • Blink

    4.71 miles

  • Tesla Supercharger

    5.11 miles

  • ChargePoint

    5.19 miles

  • eVgo

    5.19 miles

  • Volta

    5.84 miles

  • H. E. Holmes Park & Ride

    2.85 miles

  • West Lake Park & Ride

    3.75 miles

  • Teacher's Parking Lot

    4.23 miles

  • Parking Lot

    4.36 miles

  • Atlanta Humane Society Guest Parking

    4.40 miles

  • Westminster Parking Deck

    4.47 miles

  • Ashby Park & Ride

    4.68 miles

  • Curran Street Parking Deck

    4.74 miles

  • Motel 6

    2.03 miles

  • Smyrna Inn

    2.14 miles

  • Airway Motel

    2.22 miles

  • Baymont

    2.32 miles

  • Quality Inn & Suites Near Six Flags East

    2.36 miles

  • Comfort Inn & Suites

    2.42 miles

  • Country Inn & Suites

    2.51 miles

  • Budgetel Atlanta

    2.73 miles

  • Fulton Inn Motor Hotel

    2.91 miles

  • Armada Inn

    2.96 miles

  • Publix

    2.40 miles

  • Kroger

    3.09 miles

  • Sprouts Farmers Market

    3.40 miles

  • Goodness Grocery

    3.44 miles

  • Walmart Supercenter

    4.37 miles

  • Westview Corner Grocery

    4.46 miles

  • Target

    4.97 miles

  • Big Lots

    4.99 miles

  • Macy's

    5.94 miles

  • Colony Square

    5.96 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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