208 Doane St, Atlanta, GA 30315

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208 Doane St,Atlanta, GA 30315
$1,395,000
  • 10 Beds
  • 2 Baths
  • 7,840 sq. ft.
  • Single family
  • Pending
Listed by:stephan dickie
Office:atlanta leasing & investment
MLS#:7544001
Source:FIRSTMLS

Price summary

  • Price:$1,395,000
  • Price per sq. ft.:$177.93

About this home

Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta. This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity — strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200K–$300K and exterior renovations estimated at $100K between 2017 and 2018. Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and

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Home facts

  • Year built:1955
  • Listing Id #:7544001
  • Updated:August 03, 2025 at 07:11 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:7,840 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:1955
  • Building area:7,840 sq. ft.
  • Lot area:0.22 Acres

Schools

  • High school:Maynard Jackson
  • Middle school:Sylvan Hills
  • Elementary school:Fulton - Other

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,395,000
  • Price per sq. ft.:$177.93
  • Tax amount:$13,839 (2024)
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