323 Stovall St SE Investment Opportunity | Reynoldstown Co-Living Asset
✔ Exclusive Investment Opportunity  ·  323 Stovall St SE, Atlanta, GA 30316  ·  Reynoldstown / BeltLine
Active Listing  ·  Reynoldstown, Atlanta GA

7.4% Cap Rate Potential
Near the Atlanta BeltLine

MR-3 Zoned  ·  2,498 Sq Ft  ·  Co-Living Opportunity  ·  Reynoldstown

2,498 Sq Ft MR-3 Zoning BeltLine Walkable 7.4% Cap Rate $2,209 Taxes/yr
7.4%
Cap Rate Potential
2,498
Square Feet
$45,630
Projected NOI
MR-3
Multifamily Zoning

Why Investors Are Looking at This Property

A rare combination of large square footage, flexible zoning, and BeltLine proximity makes this one of Atlanta's most compelling investor plays.

📐

Massive Footprint

2,498 sq ft creates outstanding opportunity for additional bedrooms and bathroom expansion — maximizing per-room rental income potential.

🏗

MR-3 Zoning

Rare multifamily zoning with significant future development upside. Unlock higher-density use as Atlanta's urban core expands.

🚶

BeltLine Location

Walkable Reynoldstown location near Madison Yards, restaurants, retail, and the Atlanta BeltLine — one of the city's most in-demand neighborhoods.

Traditional Rental vs. Co-Living Model

See how a co-living strategy unlocks significantly higher returns on this asset.

Traditional Rental

Monthly Income$4,500
Annual Income$54,000
Operating Expenses$16,200
Net Operating Income$37,800
Cap Rate6.1%

Net Operating Income Comparison

Co-Living generates $7,830 more in annual NOI — a +20.7% advantage

$37,800
Traditional Rental
Traditional Rental
6.1% Cap Rate
$45,630
Co-Living Model
Co-Living Model
7.41% Cap Rate

Co-Living produces +20.7% more NOI — an extra $7,830 annually with the same asset

323 Stovall St SE Floor Plan

Potential Second Bathroom Location

Near existing kitchen, laundry, and plumbing lines

The Bathroom Addition Opportunity

With 2,498 square feet of living space, this property is uniquely positioned for a strategic bathroom addition — a high-ROI improvement that can dramatically increase room rental rates and overall asset value.

The floor plan reveals a natural secondary bathroom location near the existing kitchen, laundry, and plumbing infrastructure — minimizing renovation costs while maximizing income potential.

Simple value-add improvements — particularly bathroom additions — can significantly increase per-room rental revenue and position this asset for premium co-living pricing in Reynoldstown.

Why This Deal Works

Every metric points to a solid, defensible investment with multiple levers to maximize returns.

📐

Massive Square Footage

2,498 sq ft footprint to optimize layout, add rooms, and scale income.

💸

Low Holding Costs

2025 property taxes only $2,209 — exceptional for this submarket.

🚇

Transit-Oriented

Steps from the Atlanta BeltLine and Madison Yards.

📊

High Demand Market

Strong rental demand and high occupancy rates in Reynoldstown.

🔀

Multiple Exit Strategies

Hold, flip after value-add, or develop the MR-3 zoned site.

🏗

MR-3 Development Upside

Future multifamily or mixed-use development potential.

Three Paths to Profit

This asset gives you the flexibility to choose your own exit — on your timeline.

01
🏘

PadSplit / Co-Living

Operate as a fully-optimized PadSplit or co-living asset generating up to $5,850/month with a 7.4% cap rate.

02
🔨

Value-Add Reposition

Add bathrooms, upgrade finishes, then reposition for retail resale at a premium price point.

03
🏙

MR-3 Development

Hold and leverage MR-3 zoning for future multifamily or mixed-use development.

Get the Full Investment Package

Complete the form to receive our comprehensive investor package prepared for serious buyers.

Property Photos (Full Gallery)
Floor Plan & Layout Analysis
Financial Models & Projections
Complete Investor Analysis
Virtual Tour Access

Request Your Package

Complete your request in under 60 seconds. We'll send your full investor package right away.

Your package includes:

Property Photos & Virtual Tour
Floor Plan & Layout Analysis
Financial Models & Cap Rate Analysis
Full Investor Analysis Report
Complete Investor Package
Send Me The Investment Package →

🔒 Opens a secure form · Takes under 60 seconds

Meet Your Agent

Aishah Martin

Aishah Martin

REALTOR®

Better Homes and Gardens Real Estate Metro Brokers

📞 404-452-3692 (Direct)
🏢 404-843-2500 (Office)
📍 Stockbridge, GA  ·  Serving Greater Atlanta

“This property presents a unique opportunity to acquire a large-footprint asset in one of Atlanta’s most desirable BeltLine neighborhoods with multiple value-add and income-producing strategies available.”

Ready to Move Forward?

Serious investors are reviewing this package now. Request yours before this opportunity is gone.

Request Investment Package
7.4%
Cap Rate Potential
MR-3
Multifamily Zoning
$45,630
Projected Annual NOI
2,498
Square Feet

323 Stovall St SE  ·  Atlanta, GA 30316  ·  Reynoldstown

Represented by Aishah Martin, REALTOR®  ·  Better Homes and Gardens Real Estate Metro Brokers

404-452-3692  ·  [email protected]

All financial projections are estimates based on market data and are not guaranteed. Buyers should conduct their own due diligence. Equal Housing Opportunity.