Active$277,000
2 bd2 ba1,108 SFCondo
136 Peachtree Memorial Drive NW Unit RI 5
Atlanta, GA 30309 · Townegate · 61 days listed
FMLS #7826359 · Listing Provided By Atlanta Communities · 404-242-4255
Active287 days listed
1121 Allene Avenue SW Unit 305, Atlanta, GA 30310
- 2bd
- 1ba 0
- 0.34ac lot
FMLS #7704447 · Listing Provided By HomeSmart · 901-299-0364 · Listing agent Diana Dandridge
Location
1121 Allene Avenue SW Unit 305, Atlanta GA 30310
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About this home
Conveniently situated on a beautifully landscaped, energetic street corner, steps from the vibrant Westside Beltline and a 15-minute walk from the Oakland City MARTA Station, is Atlanta's newest townhome community: 1121 Allene. Adjacent to the BeltLine, these spacious two-bedroom townhomes are unmatched in value. These units are designed with modern, two-story layouts, featuring stylish finishes including granite countertops, sleek tile details, and private backyards. With inviting courtyards, a dedicated dog park, and options for live/work modifications, 1121 Allene strikes the perfect balance between a personal retreat and connected urban living. This is a rare opportunity to own a home steps from the BeltLine, in the heart of Atlanta, and at a price rarely seen in this location. Enjoy your nearby restaurants, walk to the Beltline, head to Lee and White or commute via MARTA. The 1121 community makes city living seamless and enjoyable. Welcome to 1121 Allene, where value, tranquility, and energy meet in Atlanta. UNDER CONSTRUCTION - NO MODEL HOME AVAILABLE - ESTIMATED COMPLETION AUGUST 2026
How this list price compares in Atlanta
- List price is 27% below the Atlanta median list price of $380,000 (5,382 homes).
- Compared with 1,862 condos in Atlanta: 6% below the median of $295,000.
- 3 homes for sale in 1121 Allene.
- All 5,382 homes for sale in Atlanta, GA.
- 6,734 homes for sale in Fulton County.
Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.
Home facts
- Property type
- Condo
- Status
- Active
- Bedrooms
- 2
- Full baths
- 1
- Lot size
- 0.34 acres
- Year built
- 2026
- Levels
- Two
- Main-level bedrooms
- 0
- Parking
- On Street
- Style
- A-Frame
- Construction
- Other
- Roof
- Composition
- Flooring
- Vinyl
- Heating
- Central, Forced Air, Zoned
- Cooling
- Dual, Zoned
- Appliances
- Dishwasher, Disposal, Electric Water Heater, Microwave, Refrigerator
- Lot
- Level
- Community
- Homeowners Assoc, Near Public Transport, Near Shopping, Sidewalks, Street Lights
- HOA
- $240 monthly
- Annual tax
- $2,047 (2023)
- County
- Fulton
Assigned schools
- HighG.W. Carver
- MiddleSylvan Hills
- ElementaryCharles L. Gideons
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $277,560 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$2,356/mo
- Principal and interest
- $1,716
- Property tax
- $171
- Home insurance
- $125
- Mortgage insurance
- $104
- HOA dues
- $240
- Loan amount
- $249,804
- Cash down
- $27,756
This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.
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Questions about this home
How do I schedule a showing of this home?
Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.
How do I get more information about this listing?
Send your question through the form on this page. Listing details come from FMLS and are provided by HomeSmart, so confirm them before making an offer.
Is this home still available?
This page shows the status reported in FMLS (Active) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.
How is the monthly payment estimate calculated?
It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.
Where can I see similar homes for sale in Atlanta?
See the similar homes section on this page, or browse all homes for sale in Atlanta, GA.
Beyond homes
Also exploring Georgia investment real estate?
Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.
Other property types for sale
- apartment buildings for sale in GAApartment buildings and complexes for sale across Georgia.
- multifamily investment properties in GeorgiaDuplexes to large complexes, with screening cap rates on each building.
- church for sale in GeorgiaChurch buildings and sanctuaries for sale statewide.
- apartment buildings for sale in AtlantaApartment buildings for sale inside the City of Atlanta.
- commercial properties for sale in GeorgiaOffice, retail, industrial and other commercial buildings.
Investor research and tools
- apartment cap rates in GeorgiaMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- how to calculate NOI on an apartment buildingHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- DSCR explained for multifamilyDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- cash-on-cash return explainedCash-on-cash return on apartment buildings: the formula, a worked deal, and Georgia asks at today's rates.
- capitalization rate calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- cash-on-cash return calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
Thinking about a rental or a building instead? Send Jeff a message.
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