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List Price $2,800,000
Units 16
Price / Unit $175,000

High-demand multifamily opportunity in Atlanta, GA

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

615 Boulevard SE Atlanta, GA 30312
FMLS Data last updated: June 16, 2026 at 4:03 PM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
Lacy & Associates, LLC is exclusively marketing 615 Boulevard SE, a 16-unit multifamily investment opportunity located in Atlanta’s Historic Grant Park neighborhood. The offering includes the adjacent parcel at 623 Boulevard and is being offered as a single, non-severable assemblage, with both parcels conveyed as part of one transaction. The property offers investors a compelling value-add opportunity supported by a stabilized operating base and multiple paths to future NOI growth. In addition to rent growth potential, the asset benefits from individually metered water and electric service, providing a meaningful operational advantage through improved utility control and reimbursement potential. A key differentiator within the offering is 623 Boulevard, which adds embedded land value and strategic flexibility in a highly constrained intown corridor. Currently utilized as greenspace, the parcel may offer future utility for parking enhancement, amenity expansion, or other site-related improvements, subject to buyer diligence. The opportunity should be evaluated on a combined basis, as 615 and 623 convey together and will not be sold separately. The property is well positioned within one of Atlanta’s most desirable in-town neighborhoods, with convenient access to Grant Park, Zoo Atlanta, neighborhood retail and dining, Downtown Atlanta, and the BeltLine network, including the Southeast BeltLine Trail. The surrounding area is further supported by proximity to major employment, education, and entertainment destinations, helping underpin long-term renter demand and occupancy durability. Seller will consider holding a small second.
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 $175,000 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: 7766546 • Listing courtesy of Lacy And Associates LLC, ANTHONY LACY • 678-855-7216

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