For Sale

Bank-Owned | 80-Unit Value-Add Multifamily Opportunity

2600 Old Hapeville Rd SW, Atlanta, GA 30315

This property is located in Hapeville, Ga.Rare opportunity to acquire an 80-unit apartment complex at a steep discount inside I-285 in Atlanta. The property is currently in need of renovation with only 25% of the units online (10% of which are currently occupied). The other 75% of the units have differing degrees of damage and deferred maintenance including some fire damage (affecting 4 units), past water damage and vandalism. The property last sold for $10,000,000 in December of 2022 as a stabilized asset proving significant value-add potential with the right vision and execution. The spacious units present an opportunity to convert all of the 2 bed/1 bath units into 2 bed / 2 bath units with open kitchen to living room floor plans and / or potentially add in-unit laundry. In addition, all units have private balconies or patios which increases tenant demand over other competing properties. There is plenty of open greenspace and an underutilized basement in one of the buildings allowing for the potential addition of tenant amenities to further enhance value. With the Cleveland Avenue Elementary School next door, a new owner will have a captive audience of potential tenants seeking proximity to schooling with quick easy access to I-75, I-85, I-285, downtown Atlanta and the Atlanta International Airport.

Key features

  • Adjacent to Cleveland Avenue Elementary School
  • All units have private balconies off the living rooms
  • Easy, quick access to I-85 and I-75, downtown Atlanta, and Atlanta International Airport
  • Gated property with large greenspace/courtyard between the buildings and mature trees
  • Onsite leasing office (80th unit)
  • Plenty of excess land to add a playground and/or other amenities
  • Potential redevelopment opportunity in the future with 6+ acres of land inside I-285 in a gentrifying neighborhood of Atlanta
  • Potential to convert all of the 2 bed / 1 bath units into 2 bedroom / 2 bath units with open kitchen-to-living-room floorplans
  • Spacious units with separate dining areas and ample closet space
  • Underutilized basement space in one of the buildings that could be converted to onsite laundry
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

Andy Lundsberg

Bull Realty

Building Details

  • For Sale $4,200,000
  • Property Type Multi-Family
  • Property Size 66,240 SF
  • Units 80
  • Lot Size 6.16 Acre
  • Building Class C
  • Year Built 1969
  • Date Updated May 24, 2026

Attachments

Getting Around

  • Walk Score ®

    Car-Dependent (47)

  • Transit Score ®

    Some Transit (42)

  • Bike Score ®

    Bikeable (51)
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Location

  • City Atlanta, GA
  • Neighborhood Browns Mill Park
  • Zip Code 30315
  • Market Atlanta

Points of Interest

East Point

2.83 miles

Oakland City

2.96 miles

F Gates & International Terminal

3.42 miles

E Gates

3.57 miles

D Gates

3.66 miles

C Gates

3.77 miles

West End

3.82 miles

B Gates

3.89 miles

College Park

3.94 miles

Shell

0.96 miles

Exxon

0.98 miles

Citgo

1.05 miles

Texaco

1.28 miles

Electrify America

1.39 miles

Murphy Express

1.45 miles

Chevron

1.80 miles

eVgo

2.21 miles

ChargePoint

2.77 miles

Peachy Airport Parking

1.78 miles

Yellow Lot

1.80 miles

Gold Lot

1.81 miles

Green Lot

1.84 miles

P.E. Lot

1.90 miles

Blue Lot

1.95 miles

Red Lot

2.01 miles

Lakewood MARTA Park & Ride East Lot

2.34 miles

Lakewood Park & Ride West Lot

2.45 miles

Enterprise

2.76 miles

Blue Beacon

3.50 miles

Swifty Car Wash

3.63 miles

Magic Carwash & Detailing

4.50 miles

SIXT Rent a Car Atlanta Int Airport

5.13 miles

Budget

5.17 miles

Express Car Wash

5.26 miles

Hertz

5.27 miles

Kirkwood Car Wash

6.12 miles

A Town Wings

0.88 miles

American Deli

0.92 miles

Papa John's

0.92 miles

Burger King

0.92 miles

Pizza Hut

1.00 miles

Wendy's

1.30 miles

McDonald's

1.36 miles

Popeyes

1.38 miles

Captain D's

1.43 miles

Kroger

0.97 miles

Walmart Supercenter

1.45 miles

Crew Outfitters

2.15 miles

Atlanta Pharmacy

2.65 miles

ALDI

3.18 miles

Wayfields

3.58 miles

Publix

3.84 miles

Clayton Plaza

4.56 miles

The Walker Building

4.65 miles

Atlanta Fire Rescue - Station 30

0.28 miles

Walgreens

0.94 miles

Atlanta Fire Rescue Department - Training Center

1.63 miles

Hapeville Station 1 Fire Station

1.91 miles

Atlanta Fire Rescue Department - Fire Station 2

1.94 miles

WellStar Atlanta Medical Center South

1.99 miles

Hapeville Station 2 Fire Station

2.06 miles

Atlanta Fire Rescue - Station 34;Atlanta Fire Rescue Department - Fire Station 34

2.23 miles

East Point Station 3 Fire Station

2.33 miles

2600 Old Hapeville Rd SW Listing Summary

  • What is the asking price at Bank-Owned | 80-Unit Value-Add Multifamily Opportunity?

    Bank-Owned | 80-Unit Value-Add Multifamily Opportunity is currently listed for sale at Contact for pricing.

  • What is the total size of Bank-Owned | 80-Unit Value-Add Multifamily Opportunity?

    Bank-Owned | 80-Unit Value-Add Multifamily Opportunity has a total of 66,240 square feet.

  • What is the year built for Bank-Owned | 80-Unit Value-Add Multifamily Opportunity?

    The year built for Bank-Owned | 80-Unit Value-Add Multifamily Opportunity is 1969.

Contact Listing Broker
Andy Lundsberg

Bull Realty

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