702A Myrtle Ne Street, Atlanta, GA 30308
- $2,750,000
- Sold Price
- $2,750,000
- List Price
- $3,000,000
- Closing Date
- May 26, 2026
- MLS#
- 7754582
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Other
- Lot Size
- 0.262
- Subdivision
- Midtown
Property Description
Exceptional Multi-Unit Opportunity in the Heart of Midtown Atlanta - Now Offered at an Unheard Of 5 Cap Rate, This Fully Leased Six-Unit Property Delivers Immediate Cash Flow, Turnkey Condition, and Unmatched Walkability! Located just moments from the Fox Theatre and offering immediate access to Piedmont Park, the Atlanta BeltLine, Ponce City Market, Georgia Tech, Emory University, and MARTA, this property sits in one of Atlanta's most desirable and consistently high-demand rental corridors. Rarely does an opportunity like this come together: 702-710 Myrtle Street is a Six-Unit Compound in the coveted Garden District, featuring Two Fully Renovated Properties plus a Historic Carriage House, all positioned side by side in a premier intown setting. Comprised of Six Well-Appointed Units, this income-producing asset offers the ideal setup for investors seeking immediate cash flow with long-term upside. The offering includes the architecturally stunning 702-706 Myrtle (a Grand Duplex + Two Additional Units in the Carriage House) along with the fully updated duplex at 708-710 Myrtle, creating flexibility to purchase as a portfolio or as separate assets. A shared parking agreement allows for seamless functionality either way. Each unit showcases a thoughtful blend of Updated Interiors and Preserved Historic Details, creating a unique living experience that continues to attract quality tenants. Fully Renovated in 2016 and Meticulously Maintained, both properties are 100% Occupied, Professionally Managed, and truly Turnkey with Low Maintenance for a new owner stepping in on day one. With a strong rental history and a location that speaks for itself, this property presents a rare opportunity to secure a stabilized, multi-unit asset in a premier intown setting. A Massive Rear Parking Lot offers up to 18 Dedicated Spaces - an extremely rare Midtown feature - providing added tenant convenience and future potential for expansion or additional value creation. Whether you're expanding an existing portfolio or entering the investment space, this is the kind of property that checks every box: Location, Condition, and Income Stability.
Additional Information
- Stories
- Two
- Construction
- Brick, Brick 4 Sides
- Year Built
- 1920
- Neighborhood Amenities
- Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Park, Restaurant, Sidewalks, Street Lights
- Roof
- Other
- Lot Dimensions
- 70x193x70x193
- Parking
- Driveway
- Lot Desc
- Level, Private
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Virginia-Highland
- Middle School
- David T Howard
- High School
- Midtown
- Acres
- 0.26
- Annual Expenses
- 77651
- Levels
- Two
- Gross Income
- 244217
- Net Operating Income
- $166,565
- Taxes
- $24,873
Listing courtesy of Bolst, Inc.. Selling Office: Keller Williams Realty Signature Partners.
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