Multifamily

472 Burlington Road NE

Atlanta, GA 30307

Location

472 Burlington Road NE, Atlanta GA 30307

Interactive map

Loads on click

List Price$675,000
3 Units$225,000 per unit
Published yieldsYields UnpublishedRent coverage 0% — yields unpublished
Value-add: water recoveryListing evidence · class C
Rents0 / 3 units
Who paysWater owner · Elec owner · Gas owner · Trash owner
OccupancyNot in remarks
FinancialsMLS GI/NOI empty · Tax $9,889 (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

Request the rent roll and full expenses on this property

Get the current rent roll, T-12, and full operating expense details for this property.

No obligation. Just the property financials.

Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7831379
Listing Provided By Atlanta Fine Homes Sotheby's International · 404-520-6095
Description

Property Description

A rare multi-residence opportunity in an unbeatable location just a block and a half from Emory University! Offering exceptional flexibility for an investor, owner-occupant, or buyer looking to create a single-family residence with separate guest accommodations, this unique property features a main home currently configured as a duplex plus a detached two-bedroom carriage house. The main residence is divided into two separate living units, each offering its own private space while providing the potential to reconfigure the property back into a single-family home. Multiple decks extend the living areas outdoors and create inviting spaces for relaxing, dining, or entertaining. Set behind the main residence, the charming two-bedroom carriage house offers additional privacy and features a spacious screened porch overlooking the backyard and garden area. A three-car garage and laundry room are located below, adding valuable parking, storage, and everyday functionality. Each of the three living units is separately metered, providing added convenience for a rental or multi-generational setup. An expansive driveway accommodates approximately five to six additional vehicles, an especially valuable feature this close to Emory. Tucked along a quiet residential street yet moments from Emory's campus, nearby hospitals, restaurants, shops, parks, and surrounding intown neighborhoods, the property offers a combination of location and versatility that is increasingly difficult to find. Live in one residence while renting the others, maintain all three as income-producing units, accommodate extended family, or explore converting the main home back to a single-family residence, the possibilities here are exceptional! Several photos have been virtually staged.
Listing facts

From this record

  • Incomplete — 0 of 3 unit rents

3 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 30307, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
Unit 131—$2,650YYYYN
Unit 211—$2,040YYYYN
Unit 321—$2,220YYYYN
Total3 units$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.

$
$
$
%
$
$
%
$
$
$
$

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.

%
%
yrs
Income
Gross Potential Income—
Effective Gross Income—
Expenses
Taxes—
Insurance—
Management—
Water—
Trash—
Electric—
R&M—
Total Operating Expenses—
Expense Ratio—
Scenario returns — not in-place
Net Operating Income—
Cap Rate—
Price / Unit—
Financing & Cash Flow
Annual Debt Service—
Year 1 Cash Flow—
Cash-on-Cash—
DSCR—

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.
Value-add: owner water / RUBS

Jeff’s Investment Take

Market data · October 2026

Working thesis

FMLS coverage is too thin to publish cap / CoC / DSCR. Named lever is owner-paid / master-metered water (RUBS or submeters).

  • Incomplete — 0 of 3 unit rents
Local market contextDeKalb County
Med. close $/door$223,28338 closed · 12 mo
Med. asking rent$1,500
Months of supply10.1Active ÷ (12-mo closed ÷ 12)
County sold gross7.2%Rent ÷ close · T12 sold tape
County asking gross8.5%Rent ÷ list · live asks
County sold NOI cap4.8%Calculator stack on closes

Modeled from available FMLS data, unit mix, and operating assumptions and DeKalb 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.

FMLS IDX Logo

Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. ©2026 First Multiple Listing Service, Inc.

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.