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List Price $1,100,000
Units 3
Price / Unit $366,667

High-demand multifamily opportunity in Atlanta, GA

Properties with strong cash flow potential in this market typically receive multiple offers quickly.

356 5th Street NE Atlanta, GA 30308
FMLS Data last updated: July 25, 2026 at 12:24 AM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
Impeccably maintained and updated Midtown triplex. This is a turn-key, furnished property, currently operated as a mid-to-long term Airbnb for traveling nurses and other professionals (usually for 3+ month stays). This beautiful 1920’s bungalow has charm galore, modern amenities and is in the heart of the historic Garden district in Midtown – extremely walkable to Piedmont Park, the Atlanta Beltline, and all of the retail and restaurants of Midtown. Fantastic for an owner occupant wanting rental income or great as an investment property. Property is separately metered for electric, gas and water. Off street parking in the rear for all three units. Each unit has private outdoor space. Mostly newer systems and appliances. Current owner has maintained great records. The Units: Unit 1 – 1 bedroom 1 bath - Oversized bright one bedroom with hardwood floors throughout and a tiled enclosed porch great for dining/office combination with ceiling fan, a large living room with decorative fireplace and ceiling fan, large eat-in kitchen with tiled floors, a private open patio, an oversized bedroom with decorative fireplace, 2 closets and a tiled bath with pedestal sink and tub/shower combination and a stacked washer and dryer. Unit 2 – 2 bedrooms, 1 bath with gorgeous windows with transoms above and hardwood floors throughout, a large private deck, separate dining room with chandelier, bright corner living room with 6 windows with transoms, a fully equipped kitchen, 2 large bedrooms, a tiled bath with pedestal sink and tub/shower combination, and a stacked washer and dryer. Unit 3 – 2 bedroom, 1 bath mostly above grade Terrace level unit with concrete floors, a dedicated dining space, large living room, fully equipped galley kitchen, tiled bath with vanity and tub/shower combination, two bedrooms both with two closets, a private covered patio area, and a laundry room with side by side washer and dryer. Stated Rents are average from Jan to September 2025. No deposits because Airbnb.
Investment Context for Atlanta Multifamily:
  • Located in the Atlanta, GA area with access to regional employment centers
  • Typical value-add potential through professional management and improvements
  • Multifamily rental demand varies by submarket — local verification recommended
  • Cash flow performance depends on occupancy, expenses, and market conditions
PROFESSIONAL INVESTMENT ANALYSIS

Modeled using FMLS data + Atlanta market benchmarks

Price per Unit $366,666.67 Verified
Est. Cap Rate 📊 Cap Rate Modeled
Est. Gross Income 📊 Gross Modeled
Est. NOI Estimated
Est. Year 1 Cash Flow after estimated debt service 📊 Cash Flow Modeled
✅ Confidence scores included ✅ Latest FMLS data ✅ Transparent modeling
CASH FLOW PROJECTION TOOL

Adjust assumptions to see personalized 5-year projections (Using market-based estimate)

Year 1 NOI $0
Year 1 Cash Flow $0
Year 1 Cash-on-Cash 0%
Est. Year 5 Property Value $0
Total 5-Year Cash Flow $0
* These are estimates based on available listing data and Atlanta metro market benchmarks. Detailed seller financials were not provided, so NOI was modeled conservatively. Always verify all numbers independently and consult your own professionals before making investment decisions.
SIMILAR INVESTMENT OPPORTUNITIES

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IMPORTANT INVESTMENT DISCLAIMER
Important Investment Information

All financial estimates (NOI, Cap Rate, Cash Flow, Year 5 projections, etc.) are modeled using Atlanta metro market benchmarks combined with available FMLS listing data.

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: 7746955 • Listing courtesy of Atlanta Intown Real Estate Services, DAVID N VANNORT JR • 404-881-1810

IDX Information Provided by Jeff Crowe • jeffcrowe@c21theavenues.com
FMLS • Updated Daily • Investor Analyzed