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Property Location

2032 Castleway Drive NE, Atlanta GA 30345

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List Price $600,000

Units 1

Price / Unit $600,000

Est. Year 1 Cash Flow $-28,400 after debt service

2032 Castleway Drive NE Atlanta, GA 30345

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

Don't miss this rare opportunity to build your custom dream home in one of Northeast Atlanta's most established and sought-after neighborhoods. Located at 2032 Castleway Drive NE, this is the last remaining residential homesite in the prestigious Amberwood community, offering an exceptional chance to create a one-of-a-kind residence where opportunities for new construction have become virtually nonexistent. Surrounded by beautiful, established homes and mature hardwoods, this lot provides the perfect canvas to bring your vision to life while enjoying the charm and character of a quiet, tree-lined neighborhood. Ideally located just minutes from Emory University, the CDC, Children's Healthcare of Atlanta, premier shopping and dining, parks, and convenient access to I-85 and I-285, this property offers the perfect blend of timeless neighborhood appeal and modern convenience. Rarely does a homesite of this caliber become available—don't miss the opportunity to build the home you've always envisioned in an exceptional location.

Investment Notes — Atlanta

Located in the Atlanta, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $600,000 Verified

 Est. Year 1 Cash Flow  $-28,400  after debt service (25% down / 7% / 30-yr)  Modeled   

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario.

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month Enter your estimate

Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

46%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Atlanta. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Inquire for Details

Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

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.

MLS ID: 7807240 · Listing courtesy of The Rezerve, LLC, Teri Frye · 770-299-9529

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

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