Atlanta neighborhoods in Fulton County

ZIP-level inventory pages — not the same as the citywide Atlanta feed.

Active83
Median $/door$201,563
Ask range$189,900–$5,900,000
Estimated cap6.3%n=42
Median DOM67

47 duplex · 10 triplex · 11 fourplex · 15 apartmentsGeorgia market report →Voucher Spread™

ACS 2023 · HUD FY2027 · 40 ZCTAs with ACS

Fulton County housing stock & renter economics

Fulton County 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. Live FMLS set on this page: 83 buildings.

40 ZCTAs · 40 with ACS. Medians across ACS ZIPs; totals for stock. Not a listing feed.

Population
1,230,806
Households
521,839
Housing units
570,401
2-unit stock
8,133
3–4 unit stock
19,699
2–4 unit stock
27,832
5–49 unit stock
113,984
50+ unit stock
108,779
Median renter share
48.8%
ACS median rent
$1,704
Contract rent
$1,587
1BR SAFMR
$1,805
2BR SAFMR
$1,965
3BR SAFMR
$2,345
SAFMR / ACS rent
1.14×
Vacancy (ACS)
7.8%
Pop Δ 2018–2023
+3.9%
Median HH income
$88,657
Rent burden ≥30%
48.1%
Rent burden ≥50%
24.3%
LIHTC projects / units
319 / 44,649
HUD assisted MF
84 / 8,569
Alloc. 5+ permits
240,596

Fulton County: median renter share 48.8%; ACS median gross rent $1,704; FY2027 2BR SAFMR $1,965; 2BR SAFMR is 1.14× ACS median gross rent; 8,133 units in 2-unit structures, 19,699 in 3–4-unit structures, and 113,984 in 5–49-unit structures; population up +3.9% between ACS 2018 and 2023; 319 LIHTC projects (44,649 units); 240,596 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.

83 Multifamily Investment Properties for Sale in Fulton County

As of today, 83 active small multifamily listings in Fulton County · median $201,563/door · median estimated cap 6.3% (n=42). Fulton County remains the core of Georgia multifamily investing and consistently carries the highest active inventory in the state. The county spans intown Atlanta neighborhoods through northern suburbs and offers everything from residential-financed duplexes and quadplexes to larger 5–20+ unit value-add and stabilized assets. Strong job growth, deep renter demand, and limited new supply in many submarkets continue to support both cash-flow and appreciation strategies.

Investors commonly target East Atlanta, Kirkwood, Grant Park, West End, Cascade, and pockets of southwest Fulton for value-add small multifamily. Larger assets and higher price points concentrate closer to Midtown, Buckhead, and the northern corridors. Fulton routinely leads the state in active Residential Income listings.

Current Market Snapshot

Active Listings83
Avg List Price$813,517
Avg $/Unit$232,609
Avg Cap Rate (est.)6.2%
Price Range$189,900 – $5,900,000
Avg Units4.1

HUD Fair Market Rent · Fulton County (FY2026)

Studio$1,585
1 BR$1,660
2 BR$1,820
3 BR$2,182
4 BR$2,605

Cities in Fulton County

Active inventory by city.

Showing 23 of 83 properties · Page 3 of 3

Multifamily for sale: 712 North Avenue NW, Atlanta
3 Units
Screenable
1% Rule
OZ
$425,000
14.4% Gross10.5% Capest+10.0% Voucher Spread EST

712 North Avenue NW

Atlanta, GA

Units3
$/Unit$141,667
DOM48
Listing MLSID: 7823093 · Listing courtesy of Keller Williams Realty Atl Partners · 770-632-1112

Frequently Asked Questions — Fulton County Multifamily

Why is Fulton County the top multifamily market in Georgia?

Fulton contains the largest concentration of employment, population, and rental demand in the state. It also has the deepest inventory of both small residential multifamily (2–4 units) and larger apartment assets, giving investors the widest range of strategies and price points.

Do most Fulton County multifamily investment properties still qualify for residential financing?

Many 2–4 unit properties do. Larger 5+ unit buildings typically require commercial financing. Always confirm with your lender, as guidelines and property condition matter.

Looking for multifamily investments in Fulton County?

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