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INVESTOR OPPORTUNITY in Historic COLLEGE PARK —
College Park Flats is a 5-unit multifamily asset offered at $130,000 per unit, providing an opportunity to acquire an apartment property in an established Atlanta-area submarket. The current rent roll consists of four 1-bedroom units renting at $1,020, $995, $995, and $995 per month, plus one 2-bedroom unit renting at $1,150 per month, generating $5,155 in current monthly rental income, or $61,860 annually. The property features separately metered electric, public water/sewer, six parking spaces, and a two-story building originally constructed in 1940 and renovated in 2025. Investors can add rental-rate growth, exterior improvements, on-site laundry, and parking-area enhancements. Conveniently located near Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, Gateway Center Arena, and major transportation corridors. An opportunity to acquire, improve, and operate a 5-unit multifamily asset with multiple avenues for potential income growth.
Contact the listing broker for financials, due diligence materials, and showing instructions.
Listing Courtesy of: Chapman Hall Realty
470-363-9936
| Listing ID: | 7834914 |
|---|---|
| List Price: | $650,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Business |
| Property Status: | Active |
| Tax Annual Amount: | $6,186 |
| Lot Size Acres: | 0.2044 |
| City: | College Park |
| County Or Parish: | Fulton |
| Postal Code: | 30337 |
| Year Built: | 1940 |
| Cooling: | Ceiling Fan(s), Ductless, Multi Units, Window Unit(s) |
| Fencing: | None |
| Flooring: | Luxury Vinyl |
| Heating: | Ductless |
| Interior Features: | Living Space Available, Restrooms |
| Lot Features: | Free Standing |
| Status: | Active |
| Parking Features: | Parking Lot |
| Parking Total: | 6 |
| State Or Province: | GA |
| Water Source: | Public |
| Accessibility Features: | Accessible Bedroom, Accessible Closets, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances |
| Other Structures: | None |
| Parcel Number: | 14 016100030169 |
| Road Frontage Type: | City Street |
| Roof: | Other |
| Utilities: | Electricity Available, Sewer Available, Water Available |
| View: | City |
| Waterfront Features: | None |
| Window Features: | None |
| Directions: | From Downtown Atlanta, take I-85 South to Exit 73 (Virginia Ave). Turn right onto Virginia Ave and continue west toward Historic College Park. Continue through the Virginia Ave corridor, then turn left onto Lee St. Proceed approximately 2 blocks and turn right onto Hawthorne Ave. Continue approximately 3 blocks to Main St and turn left. Continue south on Main St; property will be on the left at 3632 E Main St, near downtown College Park and City Hall. GPS recommended for final approach. |
| Foundation Details: | Combination |
| Green Energy Efficient: | None |
| Road Surface Type: | None |
| Basement: | true |
| Basement: | Finished, Full, Walk-Out Access |
| Electric: | Other |
| Number Of Buildings: | 1 |
| Zoning: | R3 |
| Construction Materials: | Other |
| Original List Price: | $650,000 |
| Other Equipment: | None |
| Property Condition: | Resale |
| Security Features: | None |
| Tax Year: | 2024 |
| Business Type: | Residential |
| Availability To Receive Offers: | No conditions |
| Price: | $650,000.00 |
| District: | 14 |
| Dock: | None |
| Landlot: | 0161 |
| Loading Desc: | Other |
| Numberof Entrances: | 5 |
| Recommended Zoning: | Multi Family |
| Sale Includes: | Building & Land |
| Special Circumstances: | None |
| Green Energy Generation: | None |
| Levels: | Two |
| Listing Contract Date: | 2026-09-18 |
| Listing Terms: | Cash, Conventional |
| Lot Size Dimensions: | 8096 |
| Lot Size Source: | Other |
| Owner Pays: | Water |
| Water Body Name: | None |
| Documents Available: | Floor Plan |
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First Multiple Listing Service, Inc. data last updated on October 19, 2026 05:25 AM - ET
Property Last Updated: October 19, 2026 05:25 AM - ET
