UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Grant Park
MLS Listing ID 7766546
Construction Status Resale
HOA Y/N No
Year Built 1963
Annual Tax Amount $47,574
Tax Year 2025
Lot Size 0.689 Acres
Acres 0.6887
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
The property offers investors a compelling value-add opportunity supported by a stabilized operating base and multiple paths to future NOI growth. In addition to rent growth potential, the asset benefits from individually metered water and electric service, providing a meaningful operational advantage through improved utility control and reimbursement potential.
A key differentiator within the offering is 623 Boulevard, which adds embedded land value and strategic flexibility in a highly constrained intown corridor. Currently utilized as greenspace, the parcel may offer future utility for parking enhancement, amenity expansion, or other site-related improvements, subject to buyer diligence. The opportunity should be evaluated on a combined basis, as 615 and 623 convey together and will not be sold separately.
The property is well positioned within one of Atlanta's most desirable in-town neighborhoods, with convenient access to Grant Park, Zoo Atlanta, neighborhood retail and dining, Downtown Atlanta, and the BeltLine network, including the Southeast BeltLine Trail. The surrounding area is further supported by proximity to major employment, education, and entertainment destinations, helping underpin long-term renter demand and occupancy durability.
Location
State GA
County Fulton
Area Grant Park
Lake Name None
Interior
Heating Forced Air
Cooling Central Air
Window Features Double Pane Windows
Exterior
Parking Features Parking Lot
Fence None
Community Features None
Utilities Available Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View Y/N Yes
View Other
Roof Type Composition,Shingle
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Brick 4 Sides
Construction Status Resale
Schools
Elementary Schools Parkside
Middle Schools Martin L. King Jr.
High Schools Maynard Jackson
Others
Senior Community no
NEARBY SCHOOL & BUSINESS
2801 Washington Rd., Ste. 188, Augusta, Ga, 30909, United States