Buy & Hold (Multifamily): (40 Units) Class C Apartments, Atlanta, GA 30349 + $7,300,000

Promise Land Realty
5 days ago
2 min read

Multifamily Family Investment Opportunity

Price

$7,300,000

OFF-MARKET MULTIFAMILY OPPORTUNITY

4550 Washington Rd, Atlanta, GA 30349

40-Unit Value-Add Asset | 2.78 Acres | Strong In-Place NOI

Promiseland Realty is pleased to present an exclusive off-market 40-unit multifamily opportunity located in South Atlanta along Washington Road — a high-demand rental corridor with strong workforce housing fundamentals and consistent occupancy.

This 1970-built property offers a diversified unit mix of 1-bedroom, 2-bedroom, and 3-bedroom units, positioning it well for both family and workforce tenants. Situated on a generous 2.78-acre parcel, the asset provides scale, stability, and long-term upside in one of Georgia’s strongest rental markets.

Property Highlights

• 40 Residential Units• Mixed Unit Composition (1BR / 2BR / 3BR)• 12,096 SF Livable Space (per tax records)• 2.78 Acres (per tax records)• Year Built: 1970• Price: $7,300,000• Current NOI: $430,536• Cap Rate: ~6.15%

Financials:

https://drive.google.com/drive/folders/1prodw6UyMr4SQjvaTotKWGnJMX6jx9BE?usp=sharing

Investment Profile

This is an ideal acquisition for:

• Georgia-based multifamily investors seeking stabilized yield• Buyers targeting value-add upside through operational improvements• 1031 exchange buyers looking for scale in the Atlanta MSA• Groups expanding into workforce housing with strong long-term rental demand

The property offers immediate cash flow at a 6.15% cap rate with potential for rent optimization and operational efficiencies. The 2.78-acre footprint also provides long-term repositioning optionality.

Located minutes from Hartsfield-Jackson Atlanta International Airport and major transportation corridors, this asset benefits from strong tenant demand, employment drivers, and long-term Atlanta population growth trends.

Pricing

Offered at: $7,300,000

Submit all offers directly to:investments@promiselandrealtyllc.com

Serious multifamily buyers and Georgia operators only. Additional financials available upon request.

Property Map

Schedule Walkthrough Upon Request

Submit all offers directly to: investments@promiselandrealtyllc.com

Serious inquiries only. Proof of funds required prior to walkthrough or financial release.

All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

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