Multifamily

811 Saint Charles Avenue NE

Atlanta, GA 30306

Location

811 Saint Charles Avenue NE, Atlanta GA 30306

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List Price$875,000
5 Units$175,000 per unit
Published yieldsYields UnpublishedRent coverage 0% — yields unpublished
Value-add: water recoveryListing evidence · class C
Rents0 / 5 units
Who paysWater owner · Elec owner · Gas owner · Trash owner
OccupancyNot in remarks
FinancialsMLS GI/NOI empty · Tax $14,063 (2025)

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.

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Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7791886
Listing Provided By Keller Williams Realty Atl Partners · 770-632-1112
Description

Property Description

UNBEATABLE INTOWN ATLANTA MULTIFAMILY INVESTMENT IN VIRGINIA-HIGHLAND! Rare opportunity to acquire an income-producing 5-plex with exceptional structural bones in one of Atlanta's most coveted historic neighborhoods. Situated on a beautiful corner lot featuring tree-lined streets, sidewalks, and streetlights, this property offers the ultimate Intown location. Residents are just around the corner from the iconic Ponce City Market and the vibrant Atlanta BeltLine Eastside Trail, putting world-class dining, shopping, and recreation right at their doorstep. EXCELLENT STRUCTURAL BONES & LOW-MAINTENANCE EXTERIOR Investors will appreciate the low-maintenance, high-durability exterior features designed to protect your bottom line. The building boasts —significantly reducing ongoing maintenance costs and capital expenditure worries. VERSATILE UNIT LAYOUTS WITH HISTORIC CHARM & VALUE-ADD POTENTIAL The interior presents 5 units with varying sizes and degrees of TLC needed per unit, This allows a new owner to renovate each unit one at time while rapidly capture market-rate rents as they go along with the renovations. Approximately 4,000+ total sqft according to Cuba Casa floor plans. Unit 1 & Unit 4: These spacious units are packed with historic character, featuring original hardwood floors, classic original bathroom tile, and charming fireplaces. Unit 1 retains timeless original plaster details in the living room. Units 2 & 3: Conveniently located in the basement level, offering a cozy footprint. Unit 5 (The Loft): Positioned above Unit 4, this unique space features a smart 1-bedroom open-concept living and kitchen combo layout. Flexible Rental Strategy: For maximum rental yield flexibility, Unit 4 and Unit 5 can be easily leased together as a single expansive residence or kept completely separate to maximize independent income streams. PROPERTY AMENITIES, PARKING, & TOP-TIER SCHOOLS A dedicated shared laundry room is located in the basement, providing a highly desired amenity for all residents and an opportunity for additional coin or digital laundry revenue. The property features convenient alleyway access leading to four dedicated parking slots in the rear, plus ample neighborhood street parking. Adding to the exceptional long-term equity and resale value, this property is situated in the highly desirable Atlanta Public Schools Midtown Cluster, zoned for Virginia-Highland Elementary, David T. Howard Middle School, and the award-winning Midtown High School. Whether you are executing a classic value-add renovation, looking for a premium 1031 exchange asset, or building a long-term buy-and-hold real estate portfolio, this 5-unit multifamily property delivers unmatched location-driven value. Capitalize on strong, steady rental demand driven by immediate proximity to Midtown Atlanta, Piedmont Park, the Old Fourth Ward, and major employment hubs. Properties of this scale and caliber in this exact pocket of Virginia-Highland rarely hit the market. Schedule a property tour today to explore the footprint, layout, and incredible income potential of this premier Intown real estate asset. Sold as-is.
Listing facts

From this record

  • Incomplete — 0 of 5 unit rents

5 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 30306, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
Unit 131—$2,560YYYYY
Unit 221—$2,150YYYYY
Unit 331—$2,560YYYYY
Unit 421—$2,150YYYYY
Unit 511—$1,980YYYYY
Total5 units$0Y = owner-paid · — = unknown

Full detailed rent roll, tenant leases, and actual income/expense data not included in listing.

* 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 5 unit rents
Same thesis · below the tapeFulton County

This ask is priced under what has been clearing here. List $175,000/door vs closed median $192,625 (9% below). Expired asks in this county sat at $212,500/door (44 buildings) — this list is under that failure tape too. Not a buy call. Confirm the roll, condition, and why the discount exists.

Open the market report →
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 commercial terms (30% down / 7% / 25-yr amort) for 5+ 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.