1393 & 1395 Markan Drive NE is a furnished duplex located in Atlanta’s Morningside/Emory area, minutes from Emory University, the CDC, Emory University Hospital, the VA Medical Center, Virginia-Highland, and Druid Hills. The property has an established short-term rental history and also offers significant development upside through existing architectural plans for four additional units at the rear of the site. This provides a unique opportunity to acquire an income-producing duplex with a turnkey furnished operation today and meaningful multifamily development potential for the future.
Price: $900,000
Units: 2 Units – 3 Bed / 2 Bath Each
Size: ±1,650 SF Each
Zoning: MR-2 – Medium-Density Residential
Expansion: Plans for 4 Additional Units (6 Total Units)
- Development Upside: Existing plans for a new 3-story, 4-unit multifamily building, creating the potential for 6 total units on site.
- Turnkey Income: Both units were fully renovated and furnished in 2021, with more than 3 years of documented short-term rental income.
- Flexible Investment Strategy: Continue operating as furnished short-term rentals, transition to traditional long-term leases, or pursue the planned expansion.
- Prime Location: Convenient to Emory, the CDC, major healthcare institutions, Virginia-Highland, Druid Hills, Toco Hills, and Decatur.