615 Boulevard SE

Description

Lacy & Associates, LLC is exclusively marketing 615 Boulevard SE, a 16-unit multifamily investment opportunity located in Atlanta’s Historic Grant Park neighborhood. The offering includes the adjacent parcel at 623 Boulevard and is being offered as a single, non-severable assemblage, with both parcels conveyed as part of one transaction. The property offers investors a compelling value-add opportunity supported by a stabilized operating base and multiple paths to future NOI growth. In addition to rent growth potential, the asset benefits from individually metered water and electric service, providing a meaningful operational advantage through improved utility control and reimbursement potential. A key differentiator within the offering is 623 Boulevard, which adds embedded land value and strategic flexibility in a highly constrained intown corridor. Currently utilized as greenspace, the parcel may offer future utility for parking enhancement, amenity expansion, or other site-related improvements, subject to buyer diligence. The opportunity should be evaluated on a combined basis, as 615 and 623 convey together and will not be sold separately. The property is well positioned within one of Atlanta’s most desirable in-town neighborhoods, with convenient access to Grant Park, Zoo Atlanta, neighborhood retail and dining, Downtown Atlanta, and the BeltLine network, including the Southeast BeltLine Trail. The surrounding area is further supported by proximity to major employment, education, and entertainment destinations, helping underpin long-term renter demand and occupancy durability. Seller will consider holding a small second.