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List Price $339,000
Units 2
Price / Unit $169,500

High-demand multifamily opportunity in Atlanta, GA

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

89 Ollie Street NW Atlanta, GA 30314
FMLS Data last updated: July 25, 2026 at 12:24 AM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
Prime co-living investment opportunity in Atlanta’s rapidly developing Washington Park corridor! Fully vacant and ready for a new operator, this 10-bedroom / 2-bath duplex has historically generated $6,500–$6,900 per month under a previous co-living model, with area room-rental rates supporting $5,500–$7,500/mo in projected income depending on management strategy. Each level features its own private entrance, kitchen, and bath, creating two independent 5-bedroom co-living zones ideal for PadSplit-style operations, student housing, workforce housing, or transitional living. Located steps from Washington Park, the Westside BeltLine Trail, MARTA, and the AUC (Morehouse, Spelman, Clark Atlanta), this property attracts car-free tenants seeking affordable private rooms with unmatched access to transit, schools, and downtown employment centers. Investors will appreciate the strong rental demand, consistent occupancy history, and the ability to reposition the asset for higher NOI. The interior is functional and livable with basic updates, offering immediate income potential plus value-add upside through cosmetic improvements, window upgrades, and layout optimization. The lower unit includes multiple private rooms with a step-down entry; the upper unit offers larger bedrooms and a traditional layout. Both kitchens and baths are serviceable, and the property’s configuration maximizes bedroom count for high-yield co-living. This is a rare chance to acquire a fully vacant, high-density income property in one of Atlanta’s most active redevelopment zones. Whether you’re an experienced co-living operator or an investor seeking strong cash flow in an appreciating neighborhood, 89 Ollie St NW delivers scale, location, and opportunity. Sold as-is.
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 $169,500 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: 7772021 • Listing courtesy of Vylla Home, Harvey Johnson • 844-848-9623

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