Property Location

66 Howell Street NE, Atlanta GA 30312

List Price $899,900
Units 2
Cap Rate 5.4%
Cash-on-Cash -2.2%
Price / Unit $449,950
Est. Year 1 Cash Flow $-5,033 after debt service
66 Howell Street NE Atlanta, GA 30312
FMLS IDX Data last updated: July 30, 2026 at 7:54 PM
ACTIVE
Property Description
Buy a house in Old Fourth Ward and let a tenant help pay for it. 66 Howell Street NE is a legal two family on a quiet, sidewalk lined residential street, where you live in one residence and rent the other. The upper residence offers [3 bedrooms and 1 bath] and currently rents average $5,645 per month. The [lower] residence offers [2 bedrooms and 1 bath] and currently rents average for $3,607 per month. Then there is the walk. You are just steps from from the Eastside Trail, the most developed and most walked stretch of the entire Atlanta BeltLine, with Ponce City Market, Krog Street Market, Historic Fourth Ward Park, and the restaurants of Old Fourth Ward all on foot from your front steps. And then you walk home. Mature tree canopy, front porches, sidewalks, level ground, and a streetscape that still feels like a neighborhood instead of a corridor. All of the energy, none of the noise. That combination is what people move to this pocket of Atlanta for, and it is genuinely hard to find. Fully renovated and move in ready with hardwoods, stone counters, stainless appliances, laundry, and central heat and air. Available furnished if needed! In the heart of the Martin Luther King Jr. Historic District.
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
Professional Investment Analysis

Built from available FMLS income data and transparent operating assumptions

Price per Unit $449,950 Verified
Cap Rate 5.43% Cap Rate
Cash-on-Cash -2.24% CoC
Gross Income $111,024 Gross
NOI $48,851 NOI
Year 1 Cash Flow $-5,033 after debt service (25% down / 7% / 30-yr) Cash Flow
Confidence scores included Latest FMLS data Transparent modeling
Investment Calculator

Starts from list price and unit count. Average rent estimated from the 2 units that have rent data. Override any value to model your own scenario.

$
$
$

Calculated as avg of known rents × 2 units × 12

6.0%
40%
Gross Potential Income
Effective Gross Income
Operating Expenses
Net Operating Income (NOI)
Asking Cap Rate
Price Per Unit
Review Further

Jeff’s Investment Take

Further review recommended before moving forward.

Cap Rate5.4%
Cash-on-Cash-2.2%

Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing

UnitBedsBathsMonthly Rent
Unit 121$3,607
Unit 231$5,645
Total2 units $9,252

* 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.

Similar Investment Opportunities

Other Atlanta, GA multifamily properties currently available

No similar properties available at the moment.

Browse All Multifamily Deals in Atlanta →
Important Investment Disclaimer
Important Investment Information

Financials use actual unit rents or MLS gross income when available. Otherwise modeled from Atlanta metro baselines, unit count, age, and size. 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.

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: 7775629 · Listing courtesy of Coldwell Banker Realty, Glennda Baker · 770-429-0600

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