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138 Lamar Avenue Nw, Atlanta, GA 30314

Local realty services provided by:CENTURY 21 North East
138 Lamar Avenue Nw,Atlanta, GA 30314
$1,990,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: brandon marshall
Office: trend atlanta realty, inc.
MLS#:10647338
Source:METROMLS

Price summary

  • Price:$1,990,000

About this home

True Value-Add Opportunity in Atlanta's West End Area Exceptional investment potential in the Dixie Hills neighborhood, offering convenient access to nearby parks, I-20, and Downtown Atlanta. The current owner has made no efforts to increase rents or lease remaining vacancies in anticipation of a sale, leaving substantial upside on the table. Average in-place rents are only $800 per unit, well below market. This is not a cap-rate sale - the property is approximately 90% occupied and being sold strictly as-is, representing a true value-add opportunity based on future performance rather than current income. 20 units feature 2-bed/1-bath floor plans in classic condition. An existing studio room with a full bathroom (currently used by maintenance) brings the total to 21 units. Each unit includes central HVAC, in-unit laundry connections, and separately metered electric and gas; water is master-metered. The property enjoys easy access to I-20, Downtown Atlanta, and the West

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Home facts

  • Year built:1956
  • Listing ID #:10647338
  • Updated:January 29, 2026 at 11:38 AM

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:1956
  • Lot area:0.7 Acres

Schools

  • High school:Douglass
  • Middle school:J. L. Invictus Academy
  • Elementary school:Usher

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,990,000
  • Tax amount:$7,426 (2025)
MLS Logo2026 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed January 29, 2026

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