UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Emory Village / Druid Hills
MLS Listing ID 7777115
Construction Status Resale
HOA Y/N No
Year Built 1930
Annual Tax Amount $27,160
Tax Year 2025
Lot Size 0.286 Acres
Acres 0.2864
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Fully leased 6-unit multi-family located next to Emory University's campus with ~$10k in rent roll each month. The property consists of three 1-bed/1-bath units and three 2-bed/1-bath units, all renovated in 2021 with upscale interior and exterior finishes, and well maintained ever since.
Every unit features a new kitchen with stainless steel appliances and granite countertops, in-unit stackable washer/dryer, renovated bathroom, hardwood flooring, and fresh paint. Major systems are updated throughout, including newer HVACs, newer roof, and newer windows. All units are separately metered for gas and power.
Income is already in place, with room to grow. Three of the six units are currently operating as short-term rentals, demonstrating strong nightly-rate potential alongside traditional leasing. The building includes an 10-car parking lot, and the unused side yard can be converted into approximately 8 additional parking spaces — a meaningful new revenue stream in a parking-starved area near campus. The property sits next to a stream but no flood insurance is required.
Whether you are targeting long-term student housing or Airbnb income, the location, condition, and flexibility of this property are hard to beat. This spot in Emory Village is always in high rental demand.
Location
State GA
County Dekalb
Area Emory Village / Druid Hills
Lake Name None
Interior
Heating Central, Separate Meters
Cooling Central Air, Separate Meters
Window Features None
Exterior
Parking Features Parking Lot
Fence None
Community Features Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Restaurant
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities
Waterfront Description Stream
View Y/N Yes
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 9
Private Pool false
Building
Lot Description Corner Lot
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
Construction Status Resale
Schools
Elementary Schools Fernbank
Middle Schools Druid Hills
High Schools Druid Hills
Others
Senior Community no
Tax ID 18 053 02 012
Nearby School & Business
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Watch Realty Co
WATSON REALTY CO | License ID: WATSONQUIANA
WATSON REALTY CO License ID: WATSONQUIANA