Active$315,000
3 bd3 ba1,500 SFCondo
401 NW 16th Street NW Unit 1361
Atlanta, GA 30363 · Art Foundary · 224 days listed
FMLS #7735325 · Listing Provided By Lantern Trust Realty · 678-913-3810
Active60 days listed
401 16th Street NW Unit 1183, Atlanta, GA 30363
- 3bd
- 2ba
- 1,450SF
- 0.03ac lot
FMLS #7829099 · Listing Provided By Keller Williams Realty Metro Atlanta · 404-564-5560 · Listing agent Susan Robertson
Location
401 16th Street NW Unit 1183, Atlanta GA 30363
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About this home
Centrally located in Atlantic Station and near Midtown, Georgia Tech and West Midtown, the Art Foundry community is in the heart of Atlanta! It's the perfect blend of location, amenities and space. Enter 1183 and you discover loads of natural light throughout with room to roam in the 1,450 square feet this condo provides. It lives much larger, given the first floor location which grants you 12' ceilings in each room; lots of walls for art despite all the windows in this corner condo. The kitchen has stainless appliances and is open to the living room, making it easy to entertain guests here, whether inside or out. Enjoy spacious bedrooms, bathrooms and closets, too! The community amenities are a short stroll from this location, which makes it effortless to enjoy the pool, fitness center or grill area. When you're ready to venture out, so many retail, dining and entertainment options are within a short distance. Enjoy the 2026 refresh currently underway at Atlantic Station; scooter to Midtown to enjoy exhibits at the High Museum, performances at Woodruff Arts Center or the many activities or festivals at Piedmont Park; enjoy sporting events at Georgia Tech; or take in all the cool and hip restaurants popping up in West Midtown. When you're done with work or a night out, no worries about where to park; with this condo you have three designated parking spots in the garage! Art Foundry has so much to offer. You're going to love all this community and area has to offer!
How this list price compares in Atlanta
- List price is 17% below the Atlanta median list price of $380,000 (5,381 homes).
- Compared with 1,861 condos in Atlanta: 7% above the median of $295,000.
- List price per square foot is 15% below the Atlanta median of $255/SF.
- 14 homes for sale in Art Foundry.
- All 5,381 homes for sale in Atlanta, GA.
- 6,733 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
- 3
- Full baths
- 2
- Living area
- 1,450 SF
- Lot size
- 0.03 acres
- Year built
- 2004
- Levels
- One
- Main-level bedrooms
- 3
- Garage spaces
- 3
- Parking
- Assigned, Deeded, Garage
- Style
- Mid-Rise (up to 5 stories)
- Construction
- Brick, Stucco
- Roof
- Composition
- Flooring
- Luxury Vinyl
- Heating
- Central, Electric
- Cooling
- Ceiling Fan(s), Central Air, Electric
- Appliances
- Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Pool
- In Ground
- Lot
- Level
- Community
- Barbecue, Clubhouse, Dog Park, Fitness Center, Gated, Homeowners Assoc, Near Public Transport, Near Schools, Near Shopping, Pool, Sidewalks, Street Lights
- HOA
- $702 monthly
- Annual tax
- $3,791 (2025)
- County
- Fulton
Assigned schools
- HighMidtown
- MiddleCentennial Place
- ElementaryCentennial Place
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $315,000 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$3,208/mo
- Principal and interest
- $1,947
- Property tax
- $316
- Home insurance
- $125
- Mortgage insurance
- $118
- HOA dues
- $702
- Loan amount
- $283,500
- Cash down
- $31,500
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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Investor research and tools
- what cap rate Atlanta apartments list atMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- NOI for apartment buildingsHow 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.
- what a good cash-on-cash return isCash-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.
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