Domo Realty
Listed by Domo Realty
$1,500,000
692 Kirkwood Ave SE
Details
APN 14 002000050606
Property Type Retail, Multifamily
Sub Type Apartment Building, Triplex
Square Footage 4,000
Cap Rate 5.45%
NOI $81,800
Price per SqFt $375
Class A
Year Built 2012
Stories 3
Zoning Mixed Use
Parking Spaces 5 spaces
Parking Per SqFt 1.25
Ground Lease No
Sale Condition 1031 exchange
Rare Mixed-Use Triplex in Historic Cabbagetown 1-Block to Beltline.
Marketing description
If you put $1.5 million into Bitcoin in 2025, you would have lost $110,000 by December 31st. But if you bought this mixed use triplex you could have made OVER $114,000. No volatility. No charts. No 3am panic. Plus it appreciates. Plus you own a brick building in Cabbagetown one block from the BeltLine. 692 Kirkwood Avenue, Building C is a 4,000-square-foot mixed-use triplex in the heart of Cabbagetown. Brick exterior. Modern bones. Built in 2012. A commercial suite on the ground floor, two residential lofts above, five private parking spots, and a front-row seat to Cabbagetown Park. One block from the BeltLine Eastside Trail. The income math is already working. The lifestyle story sells itself. The Ground Floor: C1 Floor-to-ceiling storefront windows flood the 1600 sq. Ft. commercial suite with the kind of natural light that makes creative people productive and clients feel at ease. Polished concrete floors. Soaring ceilings. A conference room, a kitchenette, two bathrooms, hardwired fiber, security cameras, and dual entrances off both Kirkwood Avenue and the rear parking lot. This space has housed a CPA firm serving the Atlanta film industry. It could house yours. Or someone else's, at $4,500+ per month while you collect the check from upstairs. Upstairs: C2 and C3 Two side-by-side lofts, each approximately 1,200 square feet across three levels. Kitchen and living on the second floor. Loft bedroom and bath at the top, tucked under skylights with cable-rail balustrades and a clean architectural aesthetic detail that attracts tenants who take care of things. Private balconies with tree canopy views. In-unit washer and dryer. Long-term tenants generating $2,550 to $2,950 per month per unit, with rents up more than 60% since 2018.The demand does not waver. The Numbers Gross annual income at current market rents: $114,000. At a conservative 6.5% cap rate, the income approach supports a value well above the $1,500,000 list price. Freshly replaced HVAC across all three units. Turnkey commercial suite. Stable residential tenants. Mixed-use zoning you will not find anywhere else in this neighborhood. Cabbagetown Park is across the street. Carroll Street restaurants are three blocks over. Krog Street Market is a 5-minute walk. And did I mention there are five private off-street parking spots that come with this building... A cash cow gives you milk. This building gives you the whole farm.
Investment highlights
- Total spaces: 5
- Parking features: Detached, Parking Pad
- Has garage: Yes
- Has uncovered spaces: Yes
- Levels: Three Or More
- Stories: 3
- Body of water: None
- Home type: MultiFamily
- Property subtype: Multi Family, Triplex
- Resale
- New construction: No
- Year built: 2012
Listing Contacts
Domo Realty
Listed by Domo Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,800.00
$6,816.67/mo
Valuation Metrics
0
DSCR
5.45%
Cap Rate
5.45%
ROI
Map
Zoning
HC-20A-SA3 SpecialHistoric And Cultural Conservation Cabbagetown Landmark Shotgun And Housing Subarea 3
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View all 7 uses
View all 7 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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