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  • $1,225,000

    689 Myrtle St NE, Atlanta, GA 30308

    7beds
    6baths
    --sqft
    Quadruplex, Residential Income
    Built in 1920
    -- sqft lot
    $1,299,400 Zestimate®
    $--/sqft
    $1,977 Estimated rent

    Home value

    $1,299,400

    $1.18M - $1.44M

    $1,977/mo

    Zestimate® history
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    What's special

    4-unit, beautifully-renovated multifamily opportunity. 100% occupancy. Excellent location in Midtown, Atlanta near all of the city's amenities. Large front porch and spacious rear decks and patios. Off-street parking in front and rear of the building for all units. Large, front common foyer; perfect for secured-bike storage. Within 2 miles of Piedmont Park, Inman Park, Midtown, Virginia-Highland, GA Tech, Little Five Points, and Downtown Atlanta. Rent roll = $96,924 annually Water = $2,400 HOI = $4,812 Property tax = $16,933.17 Repairs = $13,450 Net operating income = $59,328.83 Cap rate 4.4% In-unit washers and dryers in all. Dishwashers in all but the studio. Separately metered gas and electricity for all units. Unit A and C3 are all electric. Separate basement utility room. Unit A is a 3bd/2ba (or 2b w/ office) on the top floor, 1440 sqft, rented through 7/31/23 at $2,950. Unit B is a 2bd/1ba on the main floor, 1220 sqft, rented through 3/31/24 at $1995. Unit C1 is a 2bd/2ba on the garden level, 1050 sqft, rented through 5/31/23 at $1737. Unit C3 is a 0bd/1ba on the garden level, 296 sqft, rented through 1/31/24 at $1395. HVAC split systems from 2012-2019. 4 water heaters, 3 from 2020 and 1 from 2012. 6 parking spots: 5 in the back and 1 in the front Common foyer for bikes Party fence owned by 693 Myrtle St Chain link fence owned by Mary Mac's Hardy board siding less than 10 years old Roof and gutters less than 10 years old Recently replaced decking The property is a legally nonconforming quad, despite R-5 zoning.

    Zillow last checked: 7 hours ago

    Listing updated: April 25, 2023 at 06:30am

    Listing Provided by:

    Carmen Small,

    All County Cumberland Property Management

    Bought with:

    Amanda Rose, 243859

    Berkshire Hathaway HomeServices Georgia Properties

    Source: FMLS GA,MLS#: 7189826MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 6
    Heating
    • Central
    Cooling
    • Ceiling Fan(s), Central Air
    Features
    • Flooring: Hardwood
    • Windows: None

    Property

    Parking
    • Parking features: Driveway, Parking Lot
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Three Or More
    • Exterior features: No Dock
    • Fencing: None
    • Has view: Yes
    • View description: City
    • Waterfront features: None
    • Body of water: None
    Lot
    • Size: 6,451 sqft
    • Features: Sloped
    Details
    • Parcel number: 14 004900100366

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Residential Income
    Materials
    • Wood Siding
    • Roof: Shingle
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
    Green energy
    • Energy efficient items: None
    • Energy generation: None

    Community & neighborhood

    Security
    • Security features: None
    Community
    • Community features: None
    Location
    • Region: Atlanta
    • Subdivision: Moon Roberts & Black

    Price history

    DateEventPrice
    4/19/2023Sold$1,225,000+7.9%
    Source: FMLS GA #7189826 Report a problem
    5/7/2021Sold$1,135,000+35.9%
    Source: FMLS GA #6856810 Report a problem
    4/6/2018Sold$835,000+15.8%
    Source: FMLS GA #5972791 Report a problem
    3/24/2017Sold$721,250+47.2%
    Source: Public Record Report a problem
    4/23/2013Sold$490,000+79.5%
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$20,020 +50.1%$489,000 +17%
    2023$13,334 -26.9%$418,000 -7.3%
    2022$18,241 +38.1%$450,720 +38.3%

    Find assessor info on the county website

    Neighborhood: Midtown

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Morningside-
    • Middle: Autrey Mill
    • High: Midtown

    Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,299,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,299,400