2045 Lois Place Nw, Atlanta, GA 30318
Local realty services provided by:CENTURY 21 Adams-Harvey & Associates
2045 Lois Place Nw,Atlanta, GA 30318
$489,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: kathleen levy
Office: keller williams realty
MLS#:10710126
Source:METROMLS
Sorry, we are unable to map this address
Price summary
- Price:$489,900
About this home
10% CAP RATE | $70K+ ANNUAL RENT | CONFORMING DUPLEX Secure a premier, battle-tested asset in Atlanta's high-growth Grove Park with this legal duplex at 2045 Lois Pl NW, a turnkey powerhouse currently generating nearly $6,000 in monthly gross income with proven potential to exceed $7,000. Built in 2004, this newer-construction brick and frame property offers a robust 10-bedroom, 6-bathroom configuration-5 bedrooms and 3 full baths per side-specifically designed for maximum cash flow. With a conservative 10% Cap Rate and a 17% Cash-on-Cash return, the numbers represent a sophisticated investment opportunity in a key growth corridor that has grossed over $70,000 in the past year. The property has operated as a high-performing PadSplit since 2019, maintaining a remarkable 325-day average member tenure that provides instant revenue and mitigated vacancy risk for the next owner. Recent strategic shifts in February 2025 have further slashed operating expenses, and there is a potential for an additional 8% monthly income upside for those who choose to self-manage. Each unit features an exceptionally strong rental footprint with renovated kitchens, durable hardwood flooring, and separately metered utilities to minimize owner oversight while offering the structural reliability of modern construction for a high-density rental model. Nestled in the heart of Grove Park, the asset is perfectly positioned for the "Westside Park" effect, located just steps from the new Shirley Clarke Franklin Park and the Westside BeltLine expansion to ensure long-term appreciation. Tenants benefit from excellent transit accessibility, including a 10-minute walk to the nearest MARTA bus stop, which connects directly to Downtown and Midtown. This is a rare opportunity to acquire a high-bedroom-count, cash-flowing asset in one of Atlanta's most explosive corridors with immediate revenue and significant future upside....
Contact an agent
Home facts
- Year built:2004
- Listing ID #:10710126
- Updated:June 23, 2026 at 06:40 AM
Heating and cooling
- Cooling:Central Air
- Heating:Central, Forced Air
- Central air:Yes
Structure and exterior
- Year built:2004
- Construction Materials:Brick, Vinyl Siding
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Douglass
- Middle school:J L Invictus
- Elementary school:Boyd
Utilities
- Water:Public, Water Individual Meters
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$489,900
- Tax amount:$5,564 (2025)
Features and amenities
- Laundry features:Common Area, In Unit
Parking
- Total parking spaces:5
- Parking description:Parking Pad
New listings near 2045 Lois Place Nw
- New
$250,000Active3 beds 2 baths1,469 sq. ft.6851 Roswell Road #B15, Atlanta, GA 30328
MLS# 7792156Listed by: NATHAN'S REALTY - New
$199,000Active4 beds 3 baths1147 Welch Street Sw, Atlanta, GA 30310
MLS# 7792340Listed by: HOMESMART - New
$1,100,000Active4 beds 5 baths3,390 sq. ft.980 Memorial Walk Se, Atlanta, GA 30316
MLS# 7792566Listed by: HILL WOOD REALTY, LLC. - New
$1,595,000Active3 beds 4 baths2,993 sq. ft.2184 Radcliffe Drive Nw, Atlanta, GA 30318
MLS# 7792784Listed by: HOME LUXURY REAL ESTATE - New
$300,000Active2 beds 2 baths1,462 sq. ft.26202 Plantation Drive Ne #202, Atlanta, GA 30324
MLS# 7792811Listed by: ATLANTA COMMUNITIES REAL ESTATE BROKERAGE - Coming Soon
$1,200,000Coming Soon4 beds 3 baths1268 Arkwright Place Se, Atlanta, GA 30317
MLS# 7792816Listed by: HOMESMART - New
$300,000Active4 beds 3 baths2,174 sq. ft.1045 Peyton Road Sw, Atlanta, GA 30311
MLS# 10790947Listed by: Beycome Brokerage Realty LLC - New
$164,900Active3 beds 1 baths2,132 sq. ft.114 Howell Drive Sw, Atlanta, GA 30331
MLS# 10790951Listed by: Entera Realty - New
$210,000Active2 beds 2 baths836 sq. ft.1146 Sims Street Sw, Atlanta, GA 30310
MLS# 7792591Listed by: BOARDWALK REALTY ASSOCIATES, INC. - New
$479,000Active2 beds 2 baths1,116 sq. ft.660 Glen Iris Drive Ne #305, Atlanta, GA 30308
MLS# 7789730Listed by: HOMESMART