208 Doane St
Atlanta, GA 30315
- 10 beds
- 2 baths
- 9,540 sqft lot
- 1955 build
- – on site
Atlanta Leasing & Investment is proud to present an outstanding opportunity to acquire a 10-unit property located just 5 minutes from Georgia State University and steps from the vibrant Summerhill neighborhood. This prime asset offers quick access to I-85, ensuring seamless connectivity to Downtown Atlanta. This property generates strong immediate cash flow, with recent rent increases by the current owner. Market rents in the area range from $1,400 to $1,800 per month, providing a solid income stream. Additionally, the property presents a value-add opportunity — strategic unit updates upon turnover could further maximize rental income. The property underwent interior renovations estimated at $200K–$300K and exterior renovations estimated at $100K between 2017 and 2018. Currently operating at approximately a 7% cap rate, the property has the potential to reach 8% at market rents, making it an attractive and dependable investment with strong potential for appreciation and increased tenant demand. This is a rare chance to secure a high-performing asset in a rapidly growing market with excellent upside potential.
Last checked:
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Last updated Mar 20, 2025
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MLS# 7544001 —
The Building
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Year Built:1955
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Construction Materials:Brick
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Building Area Source:Builder
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Architectural Style:Other
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Levels:One
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Foundation Details:Slab
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Roof:Asbestos Shingle
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Basement:Crawl Space
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Common Walls:No Common Walls
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Exterior Features:Other
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Window Features:Wood Frames
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Security Features:Carbon Monoxide Detector(s)
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Patio And Porch Features:None
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Accessibility Features:None
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Green Energy Efficient:Water Heater
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Body Type:Other
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Building Area Total:7840
Interior
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Interior Features:Other
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Kitchen Features:Other
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Dining Room Features:Other
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Flooring:Other
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Other Equipment:None
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Laundry Features:Other
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Fireplace Features:None
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Room Type:Other
Location
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Directions:Turn left onto University Avenue SW (0.5 miles). Turn right onto Metropolitan Parkway SW (0.4 miles). Turn left onto Doane St SW. The destination will be on your right.
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Latitude:33.730769
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Longitude:-84.394864
The Property
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Property Type:Residential Detached
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Condition:Resale
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Lot Features:Other
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Lot Size Acres:0.219
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Lot Size Dimensions:9540
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Lot Size Source:Other
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View:Other
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Fencing:None
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Horse Amenities:None
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Other Structures:None
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Waterfront Features:None
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Water Body Name:Other
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Road Frontage Type:Other
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Road Surface Type:Concrete
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Property Attached:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (404) 348-4448
- Office phone:
- (404) 348-4448
Taxes
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Tax Year:2024
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Tax Annual Amount:13839
Beds
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Bedrooms Total:10
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Bedroom Features:Other
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Main Level Bedrooms:5
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Upper Level Bedrooms:5
Baths
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Total Baths:2
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Full Baths:2
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Master Bath Features:Other
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Main Level Baths:1
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Upper Level Full Bathrooms:1
The Listing
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Virtual Tour URL Unbranded 2:https://www.propertypanorama.com/208-Doane-St-Atlanta-GA-30315/unbranded
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Home Warranty:true
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Special Listing Conditions:None
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Special Circumstances:None
Heating & Cooling
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Cooling:Central Air
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Heating:Central
Utilities
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Utilities:Other
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Sewer:Public Sewer
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Electric:Other
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Water Source:Public
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Green Energy Generation:None
Appliances
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Appliances:Other
Schools
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Elementary School:Fulton - Other
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Middle Or Junior School:Sylvan Hills
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High School:Maynard Jackson
The Community
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Subdivision Name:NONE
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Community Features:None
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# of Units In Community:10
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Association:false
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Swim Tennis Fee Due:None
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Spa Features:None
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Pool Features:None
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Pool Private:false
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Dock:None
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Assessment Due Contemplated:false
Parking
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Parking Features:Attached
Listing Provided Courtesy of Atlanta Leasing & Investment
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2025 First Multiple Listing Service, Inc.
Monthly cost estimate

Asking price
$1,395,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$7,469
|
Taxes | $1,153 |
Insurance | $383 |
Utilities | $331 See report |
Total | $9,336/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/19/25
Mar 19, 2025
|
Listed / Active | FMLS | $1,395,000 |