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Property Location

970 Main Street, Stone Mountain GA 30083

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List Price $575,000

Units 1

Est. Cap Rate 3.5%

Est. Cash-on-Cash -10.2%

Price / Unit $575,000

Est. Year 1 Cash Flow $-14,602 after debt service

970 Main Street Stone Mountain, GA 30083

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

Exciting opportunity at the center of Historic Stone Mountain Village's emerging downtown district! Perched at the intersection of Main + E. Mountain (the city's most highly-traveled intersection), and zoned under the flexible Village Center Mixed-Use designation, this bright and airy corner building offers unbeatable visibility and unlimited possibility! Rare live/work set-up with a beautiful flex retail space on its main level and a spacious 2bed/1bath apartment upstairs. This building was completely rebuilt from studs in 2017 to its original design from the early 1900s, so you get the vintage charm without the budget harm! No need for new pipes or roof replacements, all the work has been done for you! 1 minute from Hwy 78, 4 blocks from Stone Mountain Park, and right next to the city's upcoming Lawn on Main, a mixed-use greenspace and amphitheater park! Incredible location. You'll benefit from easy access & constant exposure, year-round. You won't find a better opportunity in Metro-Atlanta. Welcome to #SMV!

Investment Notes — Stone Mountain

Located in the Stone Mountain, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $575,000 Verified

Est. Cap Rate 3.45% Modeled

Est. Cash-on-Cash -10.16% Modeled

Gross Income $40,464 Gross

NOI $19,827 NOI

 Est. Year 1 Cash Flow  $-14,602  after debt service (25% down / 7% / 30-yr)  Cash Flow   

Price per Sq Ft $324 Verified

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. Pre-filled from MLS Gross Income. Override any value to model your own scenario.

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month MLS Gross Income

Annual Gross Potential Income Editable

MLS Gross Income

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

46%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Stone Mountain. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Review Further.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Review Further

Jeff’s Investment Take

Further review recommended before moving forward.

Est. Cap3.5%

Est. CoC-10.2%

Other Stone Mountain, GA multifamily properties currently available

Multifamily for sale: 5223 Ridge Forest Drive, Stone Mountain

2 Units

Review Further

$319,900

4.4% Cap -6.2% CoC est

Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

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.

MLS ID: 7795362 · Listing courtesy of HomeSmart, Shante Lewis · 678-464-0149

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

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