ACS 2023 · HUD FY2027 · 4 ZCTAs with ACS

Alpharetta housing stock & renter economics

Alpharetta apartment-building and small-multifamily investors concentrate in ZIPs where HUD Fair Market Rents sit above or beside ACS median gross rent. The table below is ZCTA housing stock and voucher benchmarks for commercial residential income underwriting, linked to each ZIP housing profile.

4 ZCTAs · 4 with ACS. Medians across ACS ZIPs; totals for stock. Not a listing feed.

Population
195,832
Households
71,318
Housing units
73,862
2-unit stock
279
3–4 unit stock
730
2–4 unit stock
1,009
5–49 unit stock
10,109
50+ unit stock
4,167
Median renter share
26.4%
ACS median rent
$1,948
Contract rent
$1,791
1BR SAFMR
$1,980
2BR SAFMR
$2,155
3BR SAFMR
$2,565
SAFMR / ACS rent
1.11×
Vacancy (ACS)
4.0%
Pop Δ 2018–2023
+4.6%
Median HH income
$150,509
Rent burden ≥30%
42.1%
Rent burden ≥50%
26.7%
LIHTC projects / units
2 / 198
HUD assisted MF
1 / 100
Alloc. 5+ permits
25,415

Alpharetta: median renter share 26.4%; ACS median gross rent $1,948; FY2027 2BR SAFMR $2,155; 2BR SAFMR is 1.11× ACS median gross rent; 279 units in 2-unit structures, 730 in 3–4-unit structures, and 10,109 in 5–49-unit structures; population up +4.6% between ACS 2018 and 2023; 2 LIHTC projects (198 units); 25,415 allocated 5+ unit permits (county BPS × ZCTA share). Census / HUD stock — not a rent roll and not a buy/sell score.

ZCTA ≈ USPS ZIP. ACS 5-year 2023 lags construction. Units-in-structure is Census standing stock (2-unit vs 3–4 vs 5–49 vs 50+), not the live FMLS card. SAFMR is a bedroom-specific HUD voucher benchmark, not asking rent. LIHTC / assisted-MF are inventory of record and belong on apartment pages. 5+ permits are county BPS 2025 allocated by ZCTA housing-unit share. Brokerage is Georgia-only.

Multifamily Investment Properties for Sale in Alpharetta

No active small multifamily listings in Alpharetta right now. This Georgia market currently shows live FMLS Residential Income — duplexes, triplexes, quadplexes, and small apartment buildings where they exist. Counts, median price-per-door, and estimated cap rates below are built from the active set on this page. Use them to decide whether to drill into a listing, not as a substitute for a rent roll.

Inventory outside the core metro is often thin. If the type filter comes back empty, open the county page or the statewide Georgia collection for the same unit mix. Estimated yields appear only when we can publish them; a blank cap is not a zero cap.

Showing 0 of 0 multifamily investment properties for sale

No multifamily investment properties for salecurrently listed in Alpharetta.

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Frequently Asked Questions — Alpharetta Multifamily

Why are there so few listings on this page?

Smaller Georgia cities often have only a handful of Residential Income listings at a time. The statewide Georgia inventory and the county page will show a larger set for the same unit types.

Are the cap rates official MLS numbers?

No. They are independent screening estimates shown only when we can publish a yield. Always verify income and expenses with the listing broker and your own underwriting.

Who represents buyers and sellers of this inventory?

Jeff Crowe CRE (Georgia license 355533, Century 21 The Avenues, Calhoun) assists investors with acquisition and disposition of duplexes, triplexes, quadplexes, and small apartment buildings in this market and across North Georgia.

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