$979,000

1185 Lucile Avenue SW, Atlanta, GA 30310

  • Property Icon other
  • Property Year Built Icon Built in 1973
  • Property Lot Size Icon10,450sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 20 days ago

Property Description

INVESTOR OPPORTUNITY | IMMEDIATE CASH FLOW | 8-UNIT MULTIFAMILY | HISTORIC WEST END! Discover an exceptional investment opportunity at 1185 Lucile Avenue SW, an eight-unit multifamily property located in Atlanta's desirable Historic West End neighborhood. This two-story brick building offers approximately 7,288 square feet and features eight spacious two-bedroom, one-bathroom units, complemented by a private on-site parking lot. Immediate cash flow with significant upside! Five of the eight units are currently occupied, with tenants paying below-market rents, providing an existing income stream and an opportunity for the next owner to reimagine and reposition the property. Through strategic renovations, lease-up of vacant units, rental adjustments, and operational improvements, investors have the potential to increase rental revenue and improve the property's net operating income (NOI). The property is approved to accept housing vouchers through the Atlanta Housing Authority, providing an additional potential leasing strategy for future ownership. Contact the listing agent Kesha Williams for the offering memorandum and rent roll. Ideally situated near the Atlanta BeltLine's Westside Trail, West End MARTA Station, Atlanta University Center, and ongoing redevelopment throughout the West End corridor, the property offers convenient access to Downtown Atlanta, major employment centers, dining, shopping, and entertainment. Whether you're expanding an existing multifamily portfolio or seeking a value-add investment in one of Atlanta's evolving urban neighborhoods, 1185 Lucile Avenue SW offers a compelling combination of immediate cash flow, below-market rents, private parking, additional income potential, and long-term investment upside. NOTE: Available for individual purchase or as part of a larger 19-unit multifamily portfolio consisting of three properties in Southwest Atlanta.

Listing Status:
Active
Date Added:
October 22, 2026
Data Last Updated:
November 11, 2026 at 10:06PM
Listing Office:
Compass : 404-668-6621
Listing Agent:
Kesha Williams : 678-677-0364
Contact:
404-668-6621
MLS ID:
7858198
  • Flooring: None
  • A/C: Central Air
  • Heating: Central
  • Disability Feature: None
  • Eco/Green Feature: NoneNone
  • Parking: Parking Lot
  • Roofing: Composition
  • Windows: Wood Frames
  • General: Brick 4 SidesTwo
  • Originating MLS: First Multiple Listing Service
  • County: Fulton - GA
  • Zoning: See Documents14 011700040221
  • View: Neighborhood
  • Fencing: Chain Link
  • Utilities: Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: First Multiple Listing Service

This listing courtesy of Kesha Williams , Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  â€ 
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Similar Listings Nearby