Site Under Construction

Enter password to continue

List Price $419,900
Units 2
Price / Unit $209,950

High-demand multifamily opportunity in Norcross, GA

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

679 Winchester Lane Norcross, GA 30071
FMLS Data last updated: July 25, 2026 at 12:24 AM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
Excellent opportunity for an owner-occupant or investor in Norcross. This SFR conversion is an income-producing property that features two separate living spaces with 3BR/2BA each, two full kitchens, two washer/dryer hookups, and two full-size washer and dryer sets already in place, making it an ideal house hack for a buyer looking to offset their mortgage with rental income while occupying one unit. One unit is being delivered vacant at closing, providing immediate move-in flexibility or the opportunity to place your own tenant. Current rental income from the occupied unit is $2,350 rent plus $200 utility fee per month, with the opportunity to achieve similar rental income on the vacant side. Major capital improvements have already been completed, including newer HVAC systems, brand-new water heaters, and a roof replaced within the last five years. The property is served by single utility meters; therefore, utilities are currently paid by ownership and reimbursed by residents. Future owners may elect to maintain this structure or implement an alternative reimbursement arrangement. Whether you're looking for a house hack, a multigenerational living arrangement, or an income-producing investment, this property offers flexibility and strong income potential. The vacant living space is available for showings through ShowingTime. Please respect the privacy of the occupant and do not disturb the occupied unit.
Investment Context for Norcross Multifamily:
  • Located in the Norcross, 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 $209,950 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

Other Norcross, GA multifamily properties currently available

No similar properties available at the moment.

Browse All Multifamily Deals in Norcross →
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: 7790536 • Listing courtesy of Cornerstone Real Estate Partners, LLC, Stephen Quesinberry • 678-617-0076

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