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Property Location

5842 N Castlegate Drive, Atlanta GA 30349

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List Price $370,000

Units 2

Est. Cap Rate 4.3%

Est. Cash-on-Cash -6.6%

Price / Unit $185,000

Est. Year 1 Cash Flow $-6,147 after debt service

Multifamily

5842 N Castlegate Drive Atlanta, GA 30349

Data last updated: August 4, 2026 at 4:00 PM EST

ACTIVE

Turnkey Duplex Opportunity in Prime Clayton County! Don't miss this exceptional income-producing duplex, perfect for investors or owner-occupants seeking to offset their mortgage with rental income. Each spacious unit features 2 bedrooms with walk-in closets, 2.5 bathrooms, an open and functional layout, and a 1-car garage. Both units are tenant occupied, providing immediate rental income from day one, making this a true turnkey investment. Units are updated with Unit B being fully remodeled with new carpet, vanities, fresh paint, and fixtures! Whether you're expanding your portfolio or looking for a house-hacking opportunity, this property offers excellent cash-flow potential and long-term value. Ideally located just minutes from Hartsfield-Jackson Atlanta International Airport, I-85, I-285, Downtown Atlanta, shopping, dining, and major commuter routes, this duplex offers exceptional convenience, strong rental demand, and lasting investment appeal. This is a rare opportunity to own a well-maintained duplex in one of Metro Atlanta's most desirable investment corridors. Schedule your showing today!

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 $185,000 Verified

Est. Cap Rate 4.33% Modeled

Est. Cash-on-Cash -6.64% Modeled

Gross Income $34,800 Gross

NOI $16,008 NOI

 Est. Year 1 Cash Flow  $-6,147  after debt service (25% down / 7% / 30-yr)  Cash Flow   

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. Pre-filled from From Rent Roll. Override any value to model your own scenario.

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month From Rent Roll

Annual Gross Potential Income Editable

From Rent Roll

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

49%

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: Review Further.

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.
Residential mode uses a fully amortizing loan (term = amortization). Commercial mode uses a shorter call period with longer amortization and shows the remaining balloon balance.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Review Further

Jeff’s Investment Take

Further review recommended before moving forward.

Est. Cap4.3%

Est. CoC-6.6%

Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing

Unit	Beds	Baths	Monthly Rent
Unit 1	2	2	$1,200
Unit 2	2	2	$1,700
Total	2 units	—	$2,900

* 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.

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 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: 7815173 · Listing courtesy of Coldwell Banker Realty, Kiffany Garner · 404-262-1234

IDX Information Provided by Jeff Crowe · jeff@jeffcrowecre.com

FMLS · Updated Daily

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