208 SW Doane St - Apartments FOR SALE


Atlanta, GA 30315- Mechanicsville
$685,000 USD
470-983-9993
208 SW Doane St, Atlanta, GA for Sale
$685,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

208 SW Doane St
Atlanta, GA 30315
Mechanicsville


HIGHLIGHTS

  • Ideally located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood.
  • I-85 quickly connects this property from Downtown Atlanta, Hartsfield-Jackson Atlanta International Airport, and other major attractions.
  • There are plentiful neighborhood amenities and restaurants within a quick drive including Publix, Tropical Smoothie Café, CAVA, and more.

OVERVIEW

Atlanta Leasing & Investment is proud to present 208 Doane Street, a compelling multifamily investment opportunity located near Mercedes-Benz Stadium, Georgia State University, and a BeltLine entrance. The property sits within a rapidly evolving submarket poised for continued growth, particularly as Atlanta prepares to host FIFA World Cup matches. The surrounding area is anchored by several of the city’s most significant transformative developments, including Centennial Yards and the South Downtown Revitalization. In March 2025, the property experienced a building fire that impacted several interior units. Importantly, the structure remains intact, with the exterior largely unaffected and no material structural compromise. The property is zoned SPI-18 SA6 and, because the existing structure remains, it retains the ability to support 10 units, each configured as two-bedroom, one-bathroom apartments. As a result of the incident, the asset is now being offered as a value-add opportunity. The seller is open to a meaningful price reduction from the original list price, creating a compelling basis for investors seeking repositioning potential in a high-growth Atlanta submarket.

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

10

PRICE/UNIT

$68,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,540 SF

ZONING

SPI-18 SA6

APN/PARCEL ID

14-0074-0002-082-8

ASK ABOUT THIS PROPERTY

Stephan DickieAtlanta Leasing & InvestmentMore Info
470-983-9993

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Stephan DickieAtlanta Leasing & InvestmentMore Info
470-983-9993

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.