About This Home

This 0-bedroom, 0-bathroom multi-family at 1628 Cecile Avenue SE in Atlanta, GA is listed for $775,000. Built in 1946, on a 0.45 acres lot.

Key Features

  • Built in 1946
  • 0.45 acre lot

Property Details

1 story
1946

Amenities

ViewHardwoodA/C
Listing Description

Turnkey East Atlanta Duplex - Two Detached Homes on One Lot Exceptional investment opportunity in East Atlanta featuring two fully detached homes with no shared walls on an oversized 0.4-acre lot. Both homes are leased, providing immediate cash flow, and were extensively renovated or newly constructed with modern systems for low-maintenance ownership.

Unit A is a fully renovated 3-bedroom, 2-bath home updated in 2024 with a new roof, HVAC, driveway, and major systems. It is currently leased for $2,750/month. Unit B is a 2-bedroom, 2-bath new construction ADU completed in 2025 with contemporary finishes, private parking, and all-new systems.

It is currently leased for $2,480/month. Combined rental income is $5,230/month ($62,760 annually). Estimated annual operating expenses are approximately $11,402, resulting in an estimated Net Operating Income (NOI) of approximately $51,358/year. Offered at an attractive 6.63% cap rate.

Located just minutes from East Atlanta Village's restaurants, shopping, and entertainment, this property offers strong rental demand and long-term appreciation potential. With both homes built or renovated to 2025 standards, major capital expenses should be minimal for years to come.

Highlights Two fully detached homes with no shared walls Oversized 0.4-acre lot Unit A: 3BR / 2BA, fully renovated in 2024 Unit B: 2BR / 2BA new construction ADU completed in 2025 Both units currently leased All major systems new or replaced in 2024/2025 Private off-street parking for each home Low-maintenance investment with strong in-place income Minutes from East Atlanta Village

Monthly Cost Estimate

$4,145/mo

20% down · 6.5% · 30 years

Principal$560
Interest$3,358
Insurance$226

Estimates only. Actual payments may vary.

Location

1628 Cecile Avenue SE

Atlanta, GA 30316

East Atlanta

Property Details

Flooring

VinylHardwood

Construction

Block HardiPlank Type

Views

City

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 1628 Cecile Avenue SE is listed at $775,000. The estimated monthly payment is $4,145 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1946, 0.45 acre lot.

This property is listed by David Holcombe.

DH

David Holcombe

Agent at Keller Knapp Inc

Listed by Keller Knapp Inc · Broker phone: (678) 358-4321 · View on Broker Site · Broker website

MLS# 7807609· Source: First Multiple Listing Service, Inc.· 102 days on PropertySimple

Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1628 Cecile Avenue SE, Atlanta, GA 30316

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