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List Price $1,700,000
Units 8
Price / Unit $212,500

High-demand multifamily opportunity in Atlanta, GA

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

516 Boulevard NE Atlanta, GA 30308
FMLS Data last updated: June 16, 2026 at 4:03 PM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
Includes both 516 & 518 BOULEVARD NE, Atlanta, GA 30308 (two parcels with 2 quads): Incredible value-add opportunity to purchase TWO 4 unit buildings next to each other in the heart of the popular O4W neighborhood of Atlanta. All 8 units are large 3 bed units with in-unit laundry and off street parking in the rear with 2 driveway access points. Both buildings have had significant recent exterior and mechanical updates including all new water heaters, hardiplank siding, new roofs and new HVACs as needed. In addition, 3 of the units have been completely remodeled and 1 partially remodeled with the remaining units in classic condition. Great opportunity for a savvy investor to complete renovations and turn these into strong cash flowing assets with future redevelopment opportunity. 516 Boulevard: (4) 3 bed / 1.5 bath units 518 Boulevard: (4) 3 bed / 1 bath units
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 $212,500 ✓ 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: 7800771 • Listing courtesy of Bull Realty, Inc., ANDY LUNDSBERG • 404-876-1640

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