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Naveen Sharma

naveen@fourpointrealty.com +1(732) 429-0939

$550,000

Est. payment - /mo

5,532 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status New

Purchase Type For Sale

Subdivision Vine City

MLS Listing ID 10850833

HOA Y/N No

Year Built 1950

Annual Tax Amount $1,636

Tax Year 2025

Lot Size 5,532 Sqft

Acres 0.127

Lot Dimensions 5532.12

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

Prime investment at 11% CAP rate and future redevelopment opportunity in Atlanta's historic Vine City. Offered together, 667 and 673 Thurmond Street NW are two side-by-side duplexes featuring a total of four 1-bedroom, 1-bath units with Downtown Atlanta skyline views and an exceptional location near Mercedes-Benz Stadium, Vine City MARTA, nearby HBCUs, and the $60+ million Rodney Cook Sr. Park. Both buildings have new roofs, and three of the four units have been renovated with improvements including new flooring, countertops, appliances, bath vanities and updates, and mini-split HVAC systems. The remaining unit is occupied by a long-term tenant. All four units are currently leased, providing immediate income with an approximately 11% cap rate. Investors have multiple paths to consider: continue operating the properties as income-producing, Section 8-approved rentals or explore the site's significant future redevelopment potential. The properties have already been upzoned to accommodate greater density, creating the possibility of replacing the existing duplexes with a larger, potentially four-story development, subject to applicable zoning, permitting, and approvals. The location puts residents minutes from Castleberry Hill, Centennial Olympic Park, Georgia Aquarium, Georgia Tech, State Farm Arena, Georgia World Congress Center, Downtown Atlanta, and Mercedes-Benz Stadium, with MARTA access nearby. Vine City and the surrounding area continue to attract substantial public and private investment. Proposed, planned, and ongoing projects in the broader area include a 62-unit townhome development across from Rodney Cook Sr. Park near Walnut and Thurmond Streets; a 139-unit apartment community near Rodney Cook Sr. Park; and a 106-unit affordable senior housing development nearby. A consortium involved in a major Vine City mixed-use redevelopment has also been exploring additional opportunities in the area, while major property acquisition firms and mixed-income housing developers continue to invest and build throughout the neighborhood. With four leased units generating income today and zoning that may provide opportunities for greater density tomorrow, 667 & 673 Thurmond Street offer a compelling combination of current cash flow, strategic location, and long-term redevelopment potential in one of Atlanta's most rapidly evolving intown neighborhoods.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Basement None

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Off Street

Garage Spaces 4.0

Community Features Park, Playground, Street Lights, Near Public Transport, Walk To Schools, Near Shopping

Utilities Available Other

View Y/N No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces Use GPS.

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Other

New Construction No

Schools

Elementary Schools Hollis Innovation Academy

Middle Schools Herman J Russell

High Schools Booker T Washington

Others

HOA Fee Include None

Tax ID 14 011000030955

Special Listing Condition Resale

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

667 Thurmond ST NW Atlanta, GA 30314

Naveen Sharma

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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667 Thurmond ST NW