Multifamily

631 Boulevard NE

Atlanta, GA 30308

Location

631 Boulevard NE, Atlanta GA 30308

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List Price$975,000
2 Units$487,500 per unit
Published yieldsYields UnpublishedRent coverage 0% — yields unpublished
Value-add: water recoveryListing evidence · class C
Rents0 / 2 units
Who paysWater owner · Elec owner · Gas owner · Trash owner · 1 units unknown
OccupancyNot in remarks
FinancialsMLS GI/NOI empty · Tax $13,720 (2024)

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

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Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7719183
Listing Provided By Ansley Real Estate · 404-514-6533
Description

Property Description

Introducing a rare opportunity to enjoy both privacy and the vibrant lifestyle of Historic Old Fourth Ward in this stunning five-story brick home. From the moment you arrive, the grand brick and private backyard offer a warm, welcoming presence. Step inside to a light-filled foyer that flows seamlessly into the great room, with open views into the kitchen, living and dining areas, and wet bar-an entertainer's dream with so many opportunities to enjoy the city views. On the main level, relax on the cozy balcony with a fireplace or host guests in the backyard oasis. Take the private elevator up to the expansive rooftop terrace, where you'll find panoramic skyline views, another fireplace, and outdoor kitchen-perfect for unforgettable evenings. Each bedroom features its own en suite, with generous space and thoughtful finishes throughout. The primary suite includes its own private balcony, a fireplace framed by built-in shelving, spa-like bathroom featuring a double vanity, soaking tub, and shower room and a custom luxurious walk-in closet. Just steps away from the Beltline, Ponce City Market, and minutes from Mercedes-Benz Stadium, Midtown, stores, shops and restaurants. Come see this home in person to truly appreciate all it has to offer! NO HOA or rental restrictions. Can be sold in conjunction with 629 Boulevard. It is currently income producing as STR, Airbnb 'super host.' Offered fully furnished.
Listing facts

From this record

  • Incomplete — 0 of 2 unit rents

2 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 30308, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
Unit 133—$2,670YYYYN
Unit 2—————————
Total0 of 2 units with rent$0Y = owner-paid · — = unknown

* 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.

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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.

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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 2 unit rents
Same thesis · failure-zone checkFulton County expired tape

This ask sits with inventory that expired here without re-listing. List $487,500/door vs expired median $212,500 and closed $192,625. Failures in this county sat 94 days. 44 expired buildings in sample. Not a do-not-buy — it is the price path that failed to clear.

Open the Failures tab →
Local market contextFulton County
Med. close $/door$192,62592 closed · 12 mo
Med. asking rent$1,642
Months of supply10.4Active ÷ (12-mo closed ÷ 12)
County sold gross9.0%Rent ÷ close · T12 sold tape
County asking gross9.0%Rent ÷ list · live asks
County sold NOI cap6.0%Calculator stack on closes

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

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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.