138 Lamar Avenue Nw, Atlanta, GA 30314
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
138 Lamar Avenue Nw,Atlanta, GA 30314
$1,990,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: brandon marshall
Office: trend atlanta realty, inc.
MLS#:7683935
Source:FIRSTMLS
Price summary
- Price:$1,990,000
About this home
True Value-Add Opportunity in Atlanta’s West End Area
Exceptional investment potential in the Dixie Hills neighborhood, offering convenient access to nearby parks, I-20, and Downtown Atlanta. The current owner has made no efforts to increase rents or lease remaining vacancies in anticipation of a sale, leaving substantial upside on the table.
Average in-place rents are only $800 per unit, well below market. This is not a cap-rate sale — the property is approximately 90% occupied and being sold strictly as-is, representing a true value-add opportunity based on future performance rather than current income.
20 units feature 2-bed/1-bath floor plans in classic condition. An existing studio room with a full bathroom (currently used by maintenance) brings the total to 21 units. Each unit includes central HVAC, in-unit laundry connections, and separately metered electric and gas; water is master-metered.
The property enjoys easy access to I-20, Downtown Atlanta, and the West End. Notably, a $75.5 million bond was issued last year for the redevelopment project directly across the street — a strong signal of area revitalization and investor confidence. Comparable renovated units across the street rent for around $1,600 ($1500 if subsidized) per month, underscoring the significant rent growth potential.
This is your chance to acquire a proven cash-flow opportunity in one of Atlanta’s fastest-growing submarkets. Attractive financing is available.
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Home facts
- Year built:1956
- Listing ID #:7683935
- Updated:November 20, 2025 at 10:41 PM
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Composition
- Year built:1956
- Lot area:0.7 Acres
Schools
- High school:Frederick Douglass
- Middle school:John Lewis Invictus Academy/Harper-Archer
- Elementary school:Bazoline E. Usher/Collier Heights
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$1,990,000
- Tax amount:$7,426 (2025)
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