1164 Alta Ave NE, Atlanta, GA, 30307
About This Home
The Flats, a stabilized 16-unit multifamily investment opportunity offered at an attractive 6.5% cap rate. This well-maintained asset features a highly desirable unit mix of fourteen spacious two-bedroom one-bathroom units and two one-bedroom/one-bathroom units, all of which have been recently updated. With 100% occupancy and strong in-place income, the property offers true turnkey ownership with minimal near-term capital requirements. All units have central HVAC with off street parking and access to an onsite laundry facility. Strategically located in the heart of Inman Park, one of Atlanta’s most sought after and walkable neighborhoods, the property offers convenient access to both Inman Park Village and Little Five Points. Tenants enjoy immediate proximity to an eclectic mix of award-winning restaurants, vibrant nightlife, boutique retail, and cultural attractions. The neighborhood’s tree-lined streets, historic charm, and connectivity to the Atlanta BeltLine further enhance its appeal, driving consistent rental demand and long-term value appreciation. The Flats represents a rare opportunity to acquire a stabilized, income-producing asset in a premier intown Atlanta location with strong fundamentals, limited supply, and continued growth potential.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1964
Materials
- Roof: Shingle
- Construction materials: Brick 4 Sides
Type & Style
- Home type: MultiFamily
- Property subType: Other,Residential Income
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
Features
- Window features: None
- Flooring: None
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 14 001400030432
Features
- Levels: Two
- Stories: 2
- Exterior features: No Dock
- Fencing: Fenced
- Has view: Yes
- View description: City
- Waterfront features: None
- Waterbody name: None
Lot
- Lot size: 0.52 Acres
- Features: Irregular Lot
- Lot size dimensions: 0x0
Parking
- Total spaces: 9
- Parking features: Driveway,Parking Lot
- Has uncovered spaces: Yes
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
No climate risk data available.
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 | $16,307 | $195,684 |
| Home Insurance * | $1,128 | $13,536 |
| Property Taxes | $2,391 | $28,692 |
| Electricity | $219 | $2,637 |
| Total | $20,045 | $240,540 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-07 | Listed for sale | $3,225,000 |
| 2024-11-25 | Listing removed | $3,600,000 |
| 2024-09-11 | Price change | $3,600,000 |
| 2024-08-14 | Listed for sale | $3,760,000 |
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