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Daniel Frankson

daniel@franksonrealty.com +1(404) 808-4867

$ 1,500,000

Est. payment -/mo

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692 Kirkwood AVE SE Atlanta, GA 30316

1,481 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Cabbage Town

MLS Listing ID 7771315

Construction Status Resale

HOA Y/N No

Year Built 2012

Annual Tax Amount $13,167

Tax Year 2025

Lot Size 1,481 Sqft

Acres 0.034

Property Sub-Type Triplex

Source First Multiple Listing Service

Property Description

If you put $1.5 million into Bitcoin in 2025, you would have lost $110,000 by December 31st. But if you bought this mixed use triplex you could have made OVER $114,000. No volatility. No charts. No 3am panic. Plus it appreciates. Plus you own a brick building in Cabbagetown one block from the BeltLine. 692 Kirkwood Avenue, Building C is a 4,000-square-foot mixed-use triplex in the heart of Cabbagetown. Brick exterior. Modern bones. Built in 2012. A commercial suite on the ground floor, two residential lofts above, five private parking spots, and a front-row seat to Cabbagetown Park. One block from the BeltLine Eastside Trail. The income math is already working. The lifestyle story sells itself. The Ground Floor: C1 Floor-to-ceiling storefront windows flood the 1600 sq. Ft. commercial suite with the kind of natural light that makes creative people productive and clients feel at ease. Polished concrete floors. Soaring ceilings. A conference room, a kitchenette, two bathrooms, hardwired fiber, security cameras, and dual entrances off both Kirkwood Avenue and the rear parking lot. This space has housed a CPA firm serving the Atlanta film industry. It could house yours. Or someone else's, at $4,500+ per month while you collect the check from upstairs. Upstairs: C2 and C3 Two side-by-side lofts, each approximately 1,200 square feet across three levels. Kitchen and living on the second floor. Loft bedroom and bath at the top, tucked under skylights with cable-rail balustrades and a clean architectural aesthetic detail that attracts tenants who take care of things. Private balconies with tree canopy views. In-unit washer and dryer. Long-term tenants generating $2,550 to $2,950 per month per unit, with rents up more than 60% since 2018.The demand does not waver. The Numbers Gross annual income at current market rents: $114,000. At a conservative 6.5% cap rate, the income approach supports a value well above the $1,500,000 list price. Freshly replaced HVAC across all three units. Turnkey commercial suite. Stable residential tenants. Mixed-use zoning you will not find anywhere else in this neighborhood. Cabbagetown Park is across the street. Carroll Street restaurants are three blocks over. Krog Street Market is a 5-minute walk. And did I mention there are five private off-street parking spots that come with this building… A cash cow gives you milk. This building gives you the whole farm.

Location

State GA

County Fulton

Area Cabbage Town

Lake Name None

Interior

Heating Electric

Cooling Central Air

Flooring Hardwood

Window Features None

Exterior

Parking Features Parking Lot, Paved

Fence None

Community Features Near Shopping, Restaurant, Sidewalks, Street Lights

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View City

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 5

Private Pool false

Building

Lot Description Level

Story Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Brick 4 Sides,Cement Siding

Construction Status Resale

Schools

Elementary Schools Parkside

Middle Schools Martin L. King Jr.

High Schools Maynard Jackson

Others

Senior Community no

Tax ID 14 002000050606

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Domo Realty

NEARBY SCHOOL & BUSINESS

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Daniel Frankson

Real Estate Advisor | License ID: 348806

+1(404) 808-4867

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