0 Jonesboro Rd SE, Atlanta, GA, 30315
About This Home
Unparalleled Multifamily Development Opportunity: 4.5 Acres Zoned Multifamily "By-Right" Seize this rare opportunity to acquire two parcels (14 0027 LL143 & 14 0027 LL123) totaling 4.5 acres of land within the city of Atlanta, with exceptional RG-2 zoning having a .348 FAR, dramatically streamlining your path to development and breaking ground quickly. According to the comprehensive plan, the City of Atlanta wants high density at this site. Located in the Lakewood Neighborhood, a rapidly growing area with high demand for new housing, this property is a developer's dream. With approximately 340' of street frontage and underground utilities located at Jonesboro Rd, a Phase I Environmental Survey has been performed, with no issues or exceptions on site. Key Development Highlights: This offering provides two distinct, high-yield development paths, both permitted "By-Right" under the current multifamily zoning, eliminating the need for lengthy and unpredictable re-zoning processes: Option 1: Townhomes (45 Units) Maximum Yield: The site can accommodate up to 45 individual townhome units. Market Appeal: Townhomes offer high market value, appealing to families, young professionals, and those seeking homeownership benefits without the maintenance of a single-family lot. Option 2: Apartment/Condo Community (75 Units) Maximum Density: Build a thriving community with up to 75 residential units (based on an average unit size of 900 sq ft). Investment Strategy: Ideal for a stable, long-term rental income stream or a high-volume condo sale.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Unimproved Land
Property
Details
- Parcel number: 14 0027 LL1439
- Zoning: RG-2
- Zoning description: Multifamily
- Other equipment: None
- Horse amenities: None
Features
- Exterior features: No Dock
- Fencing: None
- Has view: Yes
- View description: Neighborhood
- Waterfront features: None
- Waterbody name: None
- Residential vegetation: Brush,Heavily Wooded,Wooded,Mixed Timber
Lot
- Lot size: 4.50 Acres
- Features: Private
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Georgia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,791 | $45,492 |
| Home Insurance * | $551 | $6,612 |
| Property Taxes | $556 | $6,672 |
| Electricity | $219 | $2,637 |
| Total | $5,117 | $61,404 |
Income You'd Need if You Spent...
Georgia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-27 | Price change | $749,900 |
| 2026-04-24 | Price change | $799,900 |
| 2026-01-02 | Price change | $880,000 |
| 2025-12-09 | Listed for sale | $935,000 |
| 2025-03-01 | Listing removed | $175,000 |
| 2024-09-24 | Listed for sale | $175,000 |
| 2024-01-01 | Listing removed | $195,000 |
| 2023-11-09 | Listed for sale | $195,000 |
| 2023-11-02 | Pending sale | $195,000 |
| 2023-06-13 | Listed for sale | $195,000 |
| 2023-03-01 | Listing removed | $195,000 |
| 2022-10-12 | Price change | $195,000 |
| 2020-10-24 | Pending sale | $23,000 |
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