Multifamily

1061 M L King Jr Drive NW

Atlanta, GA 30314

Location

1061 M L King Jr Drive NW, Atlanta GA 30314

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List Price$649,000
4 Units$162,250 per unit
Published yieldsYields UnpublishedRent coverage 0% — yields unpublished
IncompleteListing evidence · class C
Rents0 / 4 units
Who paysWater unknown · 4 units unknown
Occupancy100% present
FinancialsMLS GI/NOI present · Tax $4,852 (2025)

Not enough FMLS financials to publish cap, cash-on-cash, or DSCR in the hero. Use the calculator as a modeled scenario and request the rent roll / T-12.

Property Financials

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Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7823723
Listing Provided By EXP Realty, LLC. · 888-959-9461
Description

Property Description

Great investment opportunity with this FULLY OCCUPIED quadruplex with $6600 in monthly section 8 income! This building was recently renovated and is fully stabilized with four 1 bed/1 bath units. Ideally located within walking distance of the BeltLine, Washington Park, and MARTA station. Units are available for preview with an accepted contract in place, owner to provide leases for review during due diligence. Property can also be delivered with one unit vacant if a buyer is looking to owner-occupy/house-hack.
Listing facts

From this record

  • Incomplete — 0 of 4 unit rents
  • Remarks occupancy 100%
  • Mix from remarks: 4× 1bd

4 doors on the listing. Generic market notes are below the fold.

Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing· HUD Small Area FMR (ZIP 30314, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
Unit 1remarks mix1——$1,110—————
Unit 2remarks mix1——$1,110—————
Unit 3remarks mix1——$1,110—————
Unit 4remarks mix1——$1,110—————
Total0 of 4 units with rent$0Y = owner-paid · — = unknown

Full detailed rent roll, tenant leases, and actual income/expense data not included in listing.

* Rent roll information is taken from the available FMLS listing data. Many multifamily listings do not include complete or verified tenant financials. Always verify actual rents, leases, and operating expenses during due diligence. HUD Small Area Fair Market Rents (ZIP-level payment standards) are published by the U.S. Department of Housing and Urban Development and are shown for comparison only.

Scenario

Investment Calculator

Scenario only. Enter GPI — incomplete roll. Do not treat the results as in-place. Override any value.

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Repairs, pest, landscaping, cleaning, admin. Water and trash are separate lines. Electric/gas off when tenant-paid.

Conventional = fully amortizing. Commercial = shorter call + balloon. Seller finance = below-market note. Cash = no loan.

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Scenario only. Yields unpublished — thin roll. Results are not in-place.

Coverage rules
  • GPI pre-fills only from MLS GI, a building-total UnitTypes row, or a rent roll covering ≥ 80% of doors.
  • A single sample rent is not averaged across the building.
  • Vacancy floor is max(5%, 100 − present occupancy in remarks).
  • Mgmt 8% at 8+ units, else 10%. Insurance $800/door. R&M $800/door.
  • Utility allowances turn on only when the who-pays grid or remarks say owner-paid.
  • SAFMR push is mix-weighted and hidden when the sample is extrapolated from thin coverage.
  • Commercial = 30% / 7% / 25-yr amort. Conventional = 25% / 7% / 30-yr. Cash = 100% equity, no debt service. CoC = NOI ÷ price.
Incomplete

Jeff’s Investment Take

Market data · October 2026

Working thesis

Rent coverage or MLS financials are too thin to publish yields. Request the roll and T-12 before treating this as a screen.

  • Incomplete — 0 of 4 unit rents
  • Remarks occupancy 100%
  • Mix from remarks: 4× 1bd
Same thesis · below the tapeFulton County

This ask is priced under what has been clearing here. List $162,250/door vs closed median $192,625 (16% below). Expired asks in this county sat at $212,500/door (44 buildings) — this list is under that failure tape too. Not a buy call. Confirm the roll, condition, and why the discount exists.

Open the market report →
Local market contextFulton County
Med. close $/door$192,62592 closed · 12 mo
Med. asking rent$1,642
Months of supply10.4Active ÷ (12-mo closed ÷ 12)
County sold gross9.0%Rent ÷ close · T12 sold tape
County asking gross9.0%Rent ÷ list · live asks
County sold NOI cap6.0%Calculator stack on closes

Modeled from available FMLS data, unit mix, and operating assumptions and Fulton County benchmarks. DSCR and cash-on-cash use conventional terms (25% down / 7% / 30-yr) for ≤4 units. Always verify with current rent roll and expenses.

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Disclaimer

Important Investment Information

Median estimated cap, cash-on-cash, and DSCR require MLS gross income or NOI, a dated broker package, a listing building total, or a unit rent roll covering at least 80% of doors. Thin records stay Incomplete — those yields are not printed in the hero or on cards. The calculator is a labeled scenario, not in-place income.

When a line is missing we use disclosed defaults only inside the calculator: vacancy floor of max(5%, 100 − present occupancy in remarks); management 8% of EGI at 8+ units otherwise 10%; insurance $800 per door; R&M $800 per door. Utility allowances turn on only if the who-pays grid or remarks say owner-paid (water $900–1,800 per door until a T-12). A single who-pays row does not set the building. We do not use an all-in “other” of $1,100 per door, and we do not average one sample rent across the building.

Rent coverage 0% — yields unpublished

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.