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208 Doane St
Atlanta, GA, 30315
$1,395,000
10 Beds
2 Baths
0 SqFt
0.22 Acres
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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 increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.

Property Details

Price:
$1,395,000
MLS #:
7544001
Status:
Pending
Beds:
10
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Listed Date:
Mar 19, 2025
Total Sq Ft:
7,840
Year Built:
1955
Fulton – OtherSylvan HillsMaynard JacksonOther

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Schools

Elementary School:
Fulton – Other
Middle School:
Sylvan Hills
High School:
Maynard Jackson

Interior

Appliances
Other
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Other
Heating
Central
Laundry Features
Other

Exterior

Architectural Style
Other
Community Features
None
Construction Materials
Brick
Exterior Features
Other
Other Structures
None
Parking Features
Attached
Roof
Asbestos Shingle
Security Features
Carbon Monoxide Detector(s), Fire Alarm

Financial

Tax Year
2024
Taxes
$13,839

Map

Community

Subdivisions in Atlanta

Market Summary

Current real estate data for Single Family in Atlanta as of Oct 12, 2025
3,123
Single Family Listed
85
Avg DOM
327
Avg $ / SqFt
$777,955
Avg List Price

Property Summary

    Located in the NONE subdivision, 208 Doane St Atlanta GA is a Single Family for sale in Atlanta, GA, 30315. It is listed for $1,395,000 and features 10 beds, 2 baths, and has approximately 0 square feet of living space, and was originally constructed in 1955. The average price per square foot for Single Family listings in Atlanta is $327. The average listing price for Single Family in Atlanta is $777,955.

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208 Doane St
Atlanta, GA