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List Price $1,500,000
Units 3
Price / Unit $500,000

High-demand multifamily opportunity in Atlanta, GA

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

692 Kirkwood Avenue SE Atlanta, GA 30316
FMLS Data last updated: June 16, 2026 at 4:03 PM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
OWNER Financing Available for a portion of the price!! Building currently generates $5050 in income. Lower commercial level available for $5000/ month or use it for your office/ studio/ salon. Plus it appreciates. Plus you own a brick building in Cabbagetown one block from the BeltLine. 692 Kirkwood Avenue, Building C is a 4,000-square-foot mixed-use triplex in the heart of Cabbagetown. Brick exterior. Modern bones. Built in 2012. A commercial suite on the ground floor, two residential lofts above, five private parking spots, and a front-row seat to Cabbagetown Park. One block from the BeltLine Eastside Trail. The income math is already working. The lifestyle story sells itself. The Ground Floor: C1 Floor-to-ceiling storefront windows flood the 1600 sq. Ft. commercial suite with the kind of natural light that makes creative people productive and clients feel at ease. Polished concrete floors. Soaring ceilings. A conference room, a kitchenette, two bathrooms, hardwired fiber, security cameras, and dual entrances off both Kirkwood Avenue and the rear parking lot. This space has housed a CPA firm serving the Atlanta film industry. It could house yours. Or someone else's, at $4,500+ per month while you collect the check from upstairs. Upstairs: C2 and C3 Two side-by-side lofts, each approximately 1,200 square feet across three levels. Kitchen and living on the second floor. Loft bedroom and bath at the top, tucked under skylights with cable-rail balustrades and a clean architectural aesthetic detail that attracts tenants who take care of things. Private balconies with tree canopy views. In-unit washer and dryer. Long-term tenants generating $2,550 to $2,950 per month per unit, with rents up more than 60% since 2018.The demand does not waver. The Numbers Gross annual income at current market rents: $114,000. At a conservative 6.5% cap rate, the income approach supports a value well above the $1,500,000 list price. Freshly replaced HVAC across all three units. Turnkey commercial suite. Stable residential tenants. Mixed-use zoning you will not find anywhere else in this neighborhood. Cabbagetown Park is across the street. Carroll Street restaurants are three blocks over. Krog Street Market is a 5-minute walk. And did I mention there are five private off-street parking spots that come with this building… A cash cow gives you milk. This building gives you the whole farm.
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 $500,000 Verified
Est. Cap Rate 6.27% 📊 Cap Rate Modeled
Est. Gross Income $110,573 📊 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: 7771315 • Listing courtesy of Domo Realty, Vanessa Reilly • 404-974-9550

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