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Property Location

56 17th Street NE, Atlanta GA 30309

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List Price $1,835,000

Units 1

Price / Unit $1,835,000

Est. Year 1 Cash Flow $-104,333 after debt service

56 17th Street NE Atlanta, GA 30309

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

ACTIVE

Prime Midtown redevelopment opportunity at the edge of Ansley Park. Discover a remarkable redevelopment opportunity at 56 17th St NE, located just off Peachtree Street and serving as the gateway to the prestigious Ansley Park. This prime Midtown Atlanta property is uniquely positioned amidst a landscape where buildable land is scarce, especially in coveted areas such as Ansley Park and Midtown. Boasting high-profile visibility, this site offers a rare chance to explore a variety of redevelopment possibilities, including single-family residences, townhomes, boutique condominiums, or a compelling mixed-use project. The property's versatility aligns perfectly with the evolving needs of Atlanta's urban landscape, promising significant potential. Situated within Atlanta's vibrant cultural corridor, the property is enveloped by world-class amenities and cultural institutions, including the High Museum of Art, Colony Square, and the Woodruff Arts Center. Its immediate access to MARTA, the BeltLine, and major interstates further enhances its appeal for future residents or commercial tenants. As Midtown continues to grow as a premier destination for technology, arts, and urban living, this site offers an unparalleled opportunity to invest in one of the city's most dynamic and connected neighborhoods. Seize the opportunity to shape the future of Midtown Atlanta with this exceptional redevelopment site. Lot Dimensions: Approximately 53 feet (front and rear) by 104 feet (sides) Street Frontage: Approximately 53 feet along 17th Street NE Total Lot Area: 5,000 square feet (0.1148 acres) Zoning: C-3 (Commercial)

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 $1,835,000 Verified

 Est. Year 1 Cash Flow  $-104,333  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

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Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

51%

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.

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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: 7612772 · Listing courtesy of Compass, Angela Beck · 404-668-6621

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

FMLS · Updated Daily

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