692 Smith St SW Atlanta, GA 30310
Mechanicsville NeighborhoodEstimated payment $6,750/month
Highlights
- Newly Remodeled
- 1-Story Property
- Central Heating and Cooling System
- Accessible Bedroom
- Four Sided Brick Exterior Elevation
- Ceiling Fan
About This Home
This renovated 6-unit multifamily property is located near Summerhill and Georgia State University, one of Atlanta’s fastest-growing neighborhoods. The property is just steps from GSU, the BeltLine, and the 2026 FIFA World Cup activity zone, and it’s surrounded by major projects such as Underground Atlanta, Centennial Yards, and the South Downtown Revitalization.
Property Highlights
Turnkey Investment: This property has been recently renovated inside and out, offering a truly turnkey opportunity. Investors can begin generating income immediately with minimal upfront effort.
Location: Ideally situated in a sought-after area of Atlanta, just steps from Summerhill and Georgia State University. With the 2026 World Cup expected to bring increased attention and tourism to the region, the property is well-positioned for both appreciation and rental growth.
Cashflow: The property has produced consistent cash flow for over three years through short-term rental operations. Historical financials are available upon request to confirm performance.
Capital Improvements: Extensive capital improvements have been completed across all units since 2021, including both interior and exterior upgrades. All mechanical systems and appliances are in working condition, reducing the need for deferred maintenance.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,727
Year Built
- Built in 1960 | Newly Remodeled
Lot Details
- 6,438 Sq Ft Lot
- Back Yard Fenced
Home Design
- Shingle Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- 1-Story Property
- Ceiling Fan
- Carbon Monoxide Detectors
Parking
- 6 Parking Spaces
- Parking Lot
Accessible Home Design
- Accessible Bedroom
Schools
- Cascade Elementary School
- Martin L. King Jr. Middle School
- Maynard Jackson High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- 6 Units
- Crown Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 14 008600031144
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Price Changed | $1,100,000 | -11.9% | -- |
| 06/17/2025 06/17/25 | For Sale | $1,248,000 | +399.2% | -- |
| 08/09/2017 08/09/17 | Sold | $250,000 | 0.0% | -- |
| 07/22/2017 07/22/17 | Pending | -- | -- | -- |
| 07/12/2017 07/12/17 | For Sale | $250,000 | +61.3% | -- |
| 04/30/2017 04/30/17 | Sold | $155,000 | +6.9% | -- |
| 04/01/2017 04/01/17 | Pending | -- | -- | -- |
| 03/31/2017 03/31/17 | For Sale | $145,000 | -- | -- |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7600640
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