Georgia Multifamily
Multifamily Investment Properties for Sale in Georgia
131 duplex · 32 triplex · 39 fourplex · 39 apartmentsGeorgia market report →
ACS 2023 · HUD FY2027 · 720 ZCTAs with ACS
Georgia housing stock & renter economics
Georgia 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: 241 buildings.
867 ZCTAs · 720 with ACS. Medians across ACS ZIPs; totals for stock. Not a listing feed.
- Population
- 10,716,039
- Households
- 3,967,730
- Housing units
- 4,432,842
- 2-unit stock
- 92,311
- 3–4 unit stock
- 131,850
- 2–4 unit stock
- 224,161
- 5–49 unit stock
- 505,798
- 50+ unit stock
- 211,559
- Median renter share
- 25.6%
- ACS median rent
- $904
- Contract rent
- $640
- 1BR SAFMR
- $1,070
- 2BR SAFMR
- $1,220
- 3BR SAFMR
- $1,570
- SAFMR / ACS rent
- 1.22×
- Vacancy (ACS)
- 11.4%
- Pop Δ 2018–2023
- +2.7%
- Median HH income
- $60,165
- Rent burden ≥30%
- 39.3%
- Rent burden ≥50%
- 17.6%
- LIHTC projects / units
- 1,574 / 155,663
- HUD assisted MF
- 612 / 40,562
- Alloc. 5+ permits
- 335,419
Georgia: median renter share 25.6%; ACS median gross rent $904; FY2027 2BR SAFMR $1,220; 2BR SAFMR is 1.22× ACS median gross rent; 92,311 units in 2-unit structures, 131,850 in 3–4-unit structures, and 505,798 in 5–49-unit structures; population up +2.7% between ACS 2018 and 2023; 1574 LIHTC projects (155,663 units); 335,419 allocated 5+ unit permits (county BPS × ZCTA share). Census / HUD stock — not a rent roll and not a buy/sell score.
Georgia ZIP housing directory·All Georgia ZCTAs·SAFMR directory·Voucher Spread™·+857 more ZIPs on the housing-market pages
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.
241 Multifamily Investment Properties for Sale in Georgia
As of today, 241 active small multifamily listings in Georgia · median $186,000/door · median estimated cap 5.5% (n=135). This is the statewide collection of apartments and small multifamily for sale in Georgia — live FMLS Residential Income across Metro Atlanta and North Georgia. Screen duplexes, triplexes, quadplexes, and 5–50+ unit apartment buildings with estimated cap rate, cash-on-cash, DSCR, and price-per-door on every listing. Counts and medians update with the MLS feed; use a type path when you already know the unit mix, or open a county or city when you want a local list.
Pair this feed with the Georgia multifamily market report for months of supply, list-to-close price-per-door, and voucher spread by ZIP. Most 2–4 unit assets still underwrite on residential guidelines; 5+ unit buildings are typically commercial. Numbers on this site are independent screening models — verify rent rolls and expenses before you write an offer.
All Georgia multifamily →Georgia multifamily market report →
Current Market Snapshot
Showing 30 of 241 multifamily investment properties for sale
Frequently Asked Questions — Georgia Multifamily
What types of multifamily investment properties are for sale in Georgia?
The live FMLS Residential Income set includes duplexes, triplexes, quadplexes, and 5+ unit apartment buildings across Metro Atlanta and North Georgia. 2–4 unit assets often still qualify for residential financing. 5+ unit buildings are typically treated as commercial.
Where do I go for duplexes, triplexes, quadplexes, or apartments only?
Use the type paths on this site: /multifamily-for-sale/georgia/duplex, /triplex, /quadplex, and /apartments. Each page is the statewide inventory for that unit mix with its own snapshot and filters.
How is this different from the main properties search?
This page is the statewide multifamily collection — Residential Income only. /properties is the all-asset search across multifamily, commercial, land, and lease.
Do you cover all of Georgia?
Coverage follows First MLS / FMLS Residential Income. That is Metro Atlanta and North Georgia plus whatever else is on the feed. Always confirm city and county on the listing. Markets outside FMLS will not appear here.
What do the cap rate and cash-on-cash numbers mean?
They are independent, back-of-napkin screening models, not MLS fields and not broker pro formas. The cap figure on market snapshots is a median taken only from listings where a yield can be published. Always verify with the rent roll and trailing expenses.
Who represents buyers and sellers on this inventory?
Jeff Crowe CRE is a licensed Georgia practice (license 355533) under Century 21 The Avenues in Calhoun. Jeff Crowe assists investors with acquisition and disposition of duplexes, triplexes, quadplexes, and 5–50 unit apartments across Metro Atlanta and North Georgia.
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