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List Price $449,000
Units 2
Price / Unit $224,500

High-demand multifamily opportunity in Atlanta, GA

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

839 Commodore Drive Atlanta, GA 30318
FMLS Data last updated: July 25, 2026 at 12:24 AM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
This property represents the kind of opportunity serious investors look for when they want long term upside, strong rental demand, and positioning inside one of Atlanta's most important redevelopment corridors. Located at 839 Commodore Drive NW in the heart of the Dixie Hills and Bankhead area, this home sits in a pocket that continues to benefit from city backed revitalization, infrastructure investment, and steady tenant demand driven by proximity to Downtown Atlanta, West Midtown, Georgia Tech, Mercedes Benz Stadium, and the BeltLine expansion plans moving west. What makes this property stand out immediately is its scale and layout. With five bedrooms and two full baths on a single level, it offers a rare combination of space and functionality that performs extremely well in the rental market. Homes of this size in this corridor consistently attract strong tenant interest because they support multiple household types, including larger families, multi generational living, shared housing models, and room by room rental strategies. Investors understand that bedroom count is leverage, and this home delivers exactly that. The property sits on a generous quarter acre lot, providing privacy, flexibility, and future optionality. Large lots in this area are increasingly valuable as redevelopment accelerates and land becomes more scarce. Whether an investor's strategy is long term buy and hold, Section 8 placement, short term corporate style leasing, or future redevelopment, this lot size creates options that smaller parcels simply cannot offer. From a construction standpoint, the home features wood frame construction with durable vinyl siding and stone accent details, paired with an asphalt shingle roof. This is a practical, cost effective build style that investors favor because it keeps long term maintenance predictable and affordable. The single story layout is another major advantage, as it reduces structural complexity, simplifies repairs, and appeals to a wider tenant pool that includes families and renters seeking easy accessibility. Parking is often overlooked, but not here. The private driveway offers convenient off street parking, a key feature that supports rental desirability in urban corridors. Tenants value ease of access, and investors benefit from fewer parking related issues over time. From a rental perspective, this area continues to perform well. Comparable homes in the immediate vicinity support strong monthly rents, particularly for five bedroom properties. This home is well positioned to generate consistent cash flow while still offering upside through cosmetic enhancements or strategic repositioning. Light upgrades such as interior paint, flooring refreshes, fixture updates, or adding washer dryer access can push rental rates even higher without heavy capital expenditure. For investors who understand value add strategies, this property offers a clear path to improved returns. Beyond the numbers, location is the story investors care about most, and this address delivers. Dixie Hills and Bankhead are no longer fringe areas. They are transformation zones. Investors who entered this corridor early have already seen appreciation, and those entering now are positioning themselves ahead of the next wave. The proximity to major employment centers, transit access, and ongoing redevelopment projects continues to strengthen tenant demand while supporting long term appreciation. This property also fits cleanly into multiple investor profiles. It works for buy and hold investors looking for steady cash flow. It works for Section 8 investors seeking larger bedroom counts with strong demand. It works for portfolio builders who want properties that are easy to manage and lease. It even works for forward thinking investors who understand the long term land value and future redevelopment potential of this corridor.
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 $224,500 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: 7700455 • Listing courtesy of EXP Realty, LLC., Juanita Wright • 888-959-9461

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