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Bankhead Multifamily Home for Sale

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    $875,000

    550 Joseph E Lowery Blvd NW, Atlanta, GA 30314

    THIS IS NOT A CAP RATE DEAL. NO OWNER FINANCING. 7-UNIT APARTMENT BUILDING IN GREAT LOCATION! 1.5 miles from Georgia Tech. 1.8 miles from downtown Atlanta. 1.5 miles from West Midtown. 1.6 miles from Mercedes Benz Stadium, 1.7 miles to Georgia Aquarium. Six (6) of the seven (7) units are currently under lease contracts at $825/mo. The 7th unit is available for viewing. Each unit - 2bd, 1 bath.

    Lawrence Leslie Homesmart Realty Partners

    550 Joseph E Lowery Blvd NW, Atlanta, GA 30314

Why Live in Bankhead

Bankhead, a neighborhood in Atlanta, has seen a rise in homebuyers due to the completion of the Atlanta BeltLine and the expansive Westside Reservoir Park. Known for its influence on the hip-hop scene, with artists like T.I. hailing from the area, Bankhead offers a mix of housing options from 1950s bungalows and cottages to contemporary styles and two-story single-family homes. The neighborhood is characterized by tight driveways and small lawns with ornate barriers. Residents enjoy local dining at spots like Trap City Cafe and exploring the Trap Music Museum. For outdoor activities, Maddox Park provides basketball and tennis courts, a community pool, and a community center, while Westside Reservoir Park offers 280 acres of greenspace with stunning views of the Atlanta skyline. Bankhead is conveniently located 4 miles from downtown Atlanta, with access via U.S. Route 78 and the MARTA Green Line. The Hartsfield-Jackson Atlanta International Airport is 13 miles away. Shopping options include Atlantic Station with stores like Dillard’s and T.J. Maxx, and grocery stores such as Target and Publix. While the neighborhood has a crime rate comparable to the national average, it continues to attract investors and first-time homebuyers due to its development and low entry prices.

Home Trends in Bankhead, GA

Housing Trends

Median Sale Price
$185,000
Median Single Family Sale Price
$230,000
Median Townhouse Sale Price
$668,000
Average Price Per Sq Ft
$173
Number of Homes for Sale
6
Last 12 months Home Sales
25
Months of Supply
2.90
Median List Price
$299,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
6%
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