Property Location

303 Hill Street, Atlanta GA 30312

Interactive Map

List Price $598,000
Units 1
Est. Cap Rate 1.5%
Est. Cash-on-Cash -17.9%
Price / Unit $598,000
Est. Year 1 Cash Flow $-26,703 after debt service
303 Hill Street Atlanta, GA 30312
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
These two adjacent single-family home sites (±0.17 acres and ±0.15 acres) total approximately ±0.32 acres and are zoned SA4 SPI-22 Memorial Drive/Oakland Cemetery. Lots can be purchased individually for $299,000. The properties may also be purchased together with the adjacent ±0.51-acre parcel, creating a combined development opportunity of approximately ±0.83 acres. Located in one of Atlanta’s fastest growing intown areas, the site is within walking distance of Summerhill, Reynoldstown, Old Fourth Ward, and South Downtown, offering convenient access to numerous restaurants, retail destinations, and thousands of new and recently developed apartment units. The property just blocks from the historic Oakland Cemetery, a ±48-acre destination hosting year-round events, and is approximately a 9-minute walk to the King Memorial MARTA Station. Downtown Atlanta, Georgia State University, Auburn Avenue, Edgewood Avenue, and the Atlanta Streetcar are all within a 12-minute walk, while the Eastside BeltLine is just a 10-minute bike ride away. New construction and renovated homes in the surrounding area regularly sell for $800,000 to over $1 million, making this an exceptional residential development opportunity. Hartsfield-Jackson International Airport and Midtown Atlanta are both approximately a 16-minute drive away.
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
Professional Investment Analysis

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

Price per Unit $598,000 Verified
Est. Cap Rate 1.52% Modeled
Est. Cash-on-Cash -17.86% Modeled
Est. Gross Income $18,579 Modeled
Est. NOI $9,104 Modeled
Est. Year 1 Cash Flow $-26,703 after debt service (25% down / 7% / 30-yr) Modeled
Price per Sq Ft $17 Verified
Confidence scores included Latest FMLS data Transparent modeling
Investment Calculator

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Modeled Estimate

5.0%
46%
25%
7%
30 yrs
Gross Potential Income
Effective Gross Income
Operating Expenses
Net Operating Income (NOI)
Asking Cap Rate
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Annual Debt Service
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Jeff’s Investment Take

Further review recommended before moving forward.

Est. Cap1.5%
Est. CoC-17.9%
Important Investment Disclaimer
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: 7783070 · Listing courtesy of Bull Realty, Inc., ANDY LUNDSBERG · 404-876-1640

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