38 Fairburn Road SW,Atlanta, GA 30331
Atlanta, GA 30331
Description
38 Fairburn Rd SW, Atlanta, GA 30331 - 20-Unit Multifamily Investment Opportunity. This 20-unit apartment community presents a compelling value-add opportunity in the Adamsville submarket of Southwest Atlanta. Built in 1966 and renovated in 1990, the property spans approximately 33,756 square feet on a 1.23-acre lot, with a uniform unit mix of 2-bedroom, 1-bathroom residences offering strong appeal to the area's steady rental demand. Priced at roughly $97,500 per unit and $58 per square foot, the asset offers an attractive basis for investors seeking to execute a renovation and repositioning strategy or add a stabilized asset to their portfolio. The property's consistent unit layout simplifies capital planning and rent-up execution across the entire building. Located minutes from downtown Atlanta with convenient access to major thoroughfares, the property benefits from proximity to employment centers, retail, and public transit, supporting long-term tenant demand. Southwest Atlanta continues to see renewed investor interest, driven by affordability relative to neighboring submarkets and ongoing infrastructure and development activity in the broader Atlanta metro. This is a rare opportunity to acquire a 20-unit asset at an accessible price point in a growing Atlanta submarket. Contact the listing agent for financials, due diligence materials, and showing instructions.
Details
| MLS # | 10812460 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Active |
| Year | 1966 |
| Days On Site | 32 |
| Listing Provided By | Southern REO Associates, LLC | Southern REO |
Features
| SQ Feet | 16,878 |
|---|---|
| Building(s) | 1 |
| Zoning | RG2 |
| Acreage | 1.23 |
Interior
| Building Features | Other |
|---|---|
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Heating | Central |
| Heating Yes / No | Yes |
Exterior
| Accessibility Features | Other |
|---|---|
| Lot Features | Level |
| Construction Materials | Brick |
| Roof | Other |
| Fencing | Fenced |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Parking Lot |
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 45288 |
|---|---|
| Tax Year | 2025 |
Area Information
| State | GA |
|---|---|
| County | Fulton |
| City | Atlanta |
| Zip Code | 30331 |
| Area | Fulton |
| Listing VS Median (in 30331) | |
Price: $1,950,000 low | high Med: $620,000 sqft: 16,878 low | high Med: 2,428 $ / sqft: $116 low | high Med: $255 On site: 32 low | high Med: 428 | |
Market Activity 30331
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Learn More About This Property
| State | GA |
|---|---|
| County | Fulton |
| City | Atlanta |
| Zip Code | 30331 |
| Area | Fulton |
| Listing VS Median (in 30331) | |
Price: $1,950,000 low | high Med: $620,000 sqft: 16,878 low | high Med: 2,428 $ / sqft: $116 low | high Med: $255 On site: 32 low | high Med: 428 | |