335 3rd St NE #4 · Atlanta, GA 30308

$134,999

1 bd · 1.0 ba · 435 sqft · Condo public records · 50 Days on market

Built 1965 $310/sqft · 14% below area Est $157k · 14% under $200/mo HOA · 12% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.1/30.0
• ARV discount +13.9/15.0
• DSCR +8.8/10.0
• 1% rule +7.6/10.0
• Livability +4.2/5.0
• Rent growth +2.8/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

Key facts

• Gated community
• Updated kitchen
• New luxury flooring

Tags

• GATED COMMUNITY
• ASSIGNED PARKING
• UPDATED KITCHEN
• NEW LUXURY FLOORING
• NEW COMPLETE BATHROOM
• NEW HVAC SYSTEM

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $135k.

Deal economics

• At list price, monthly cash flow is $341 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 3.1% in Atlanta — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 83/100 on livability (#6 in GA, #919 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: schools C-, cost of living C-.
• Atlanta Public Schools (urban): math 28% / reading 35% proficiency, ranked #80 of 174 in GA (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.1%/yr); 317 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 11,565 units permitted in Fulton County in 2024 (8,159 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Fulton County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $25k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $96k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $130,949 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.26% ✓
• Cap rate: 9.32%
• Cash-on-cash: 10.82%
• DSCR: 1.48
• GRM: 6.6

CMA / ARV

• ARV (median comp): $157,434
• List price: $134,999
• Delta: -14.25%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.12% rent growth · sell at horizon

5-year hold

• IRR: -2.3%
• Equity multiple: 0.91×
• Total profit: $-3,262
• Equity at exit: $20,129

10-year hold

• IRR: 5.1%
• Equity multiple: 1.34×
• Total profit: $12,890
• Equity at exit: $11,672

Cash invested: $37,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Georgia: 90 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

Magistrate court evictions in 10-30 days; no rent control; preempted; few tenant protections.

Methodology + full state rankings →

ZIP-level market 30308

• Rents YoY: 1.1%
• Active inventory: 317
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,705 high
• Mortgage (P&I): −$708
• Tax from tax record: −$42 /mo · $502/yr
• Insurance: −$56
• HOA: −$200
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $341

Break-even live

Break-even rent $1,273

Max offer price $134,999

Occupancy floor 75%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
887 Myrtle St NE Unit 4 Atlanta, GA	—	1.0	225	$995	$4.42	7d	1	0.45mi
570 Boulevard Pl NE Atlanta, GA	—	1.0	265	$1,095	$4.13	1d	1	0.47mi
903 Peachtree St NE Atlanta, GA	3.0	1.0–2.5	945	$2,223	$2.35	1d	56	0.63mi
47 5th St NW Unit 1226689P Atlanta, GA	1.0	1.0	301	$2,883	$9.58	5d	1	0.74mi
47 5th St NW Unit 1226667P Atlanta, GA	1.0	1.0	301	$2,688	$8.93	16d	1	0.74mi
47 5th St NW Unit 1226666P Atlanta, GA	1.0	1.0	301	$2,593	$8.61	21d	1	0.74mi
444 Highland Ave NE Unit 825 Atlanta, GA	1.0	1.0	220	$1,100	$5.00	24d	1	0.77mi
444 Highland Ave NE Unit 810 Atlanta, GA	1.0	1.0	200	$900	$4.50	24d	1	0.77mi
644 N Highland Ave NE Atlanta, GA	1.0	1.0	379	$1,750	$4.62	3d	15	1.33mi
44 Krog St NE Atlanta, GA	2.0	2.0	842	$2,841	$3.37	1d	11	1.36mi

HOA detail condo

• Monthly dues: $200 · $2,400/yr
• Likely covers: securityparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-05-12
   price $134,999 658-char remark

   Show marketing remark (658 chars)

   Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

2. 2026-05-12
   price $134,999 658-char remark

   Show marketing remark (658 chars)

   Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

3. 2026-05-04
   price $139,999 658-char remark

   Show marketing remark (658 chars)

   Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

4. 2026-05-04
   price $139,999 658-char remark

   Show marketing remark (658 chars)

   Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

5. 2026-04-27
   price $144,999 658-char remark

   Show marketing remark (658 chars)

   Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

6. 2026-04-27
   price $144,999 658-char remark

   Show marketing remark (658 chars)

   Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

7. 2026-04-21
   price $149,999 658-char remark

   Show marketing remark (658 chars)

   Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

8. 2026-04-21
   price $149,999 658-char remark

   Show marketing remark (658 chars)

   Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

9. 2026-04-10
   price $154,999 658-char remark

   Show marketing remark (658 chars)

   Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

10. 2026-04-10
    price $154,999 658-char remark

    Show marketing remark (658 chars)

    Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

11. 2026-03-31
    listed $159,999 New 658-char remark

    Show marketing remark (658 chars)

    Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

12. 2026-03-31
    listed $159,999 Active 658-char remark

    Show marketing remark (658 chars)

    Absolutely beautiful one bedroom and one bath condo in a highly desirable gated community with assigned parking. Completely rehabbed with so many upgrades to name - professional paint, new quartz countertops, and stainless steel appliances in an updated kitchen; new luxury flooring throughout, new complete bathroom and completely new HVAC system. Located in the heart of Midtown, walkable to ponce city market, piedmont park, fox theater, and many other eateries and bars. This community also boasts some of the lowest HOA Fees in this entire area ( Only $200 per month for professional management )Seller is extremely motivated so ask about all offerings.

13. 2025-08-13
    historical
14. 2025-08-04
    listed $135,000 Active
15. 2007-08-07
    soldstatus $96,000
16. 2007-08-02
    soldstatus $96,000
17. 2007-04-04
    listed $96,000
18. 1999-12-30
    soldstatus $98,715

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast GA · Resets to sale price

• Current annual tax: $502 · $42/mo
• Projected year-2 tax: $1,242 · $103/mo
• Expected delta: +$740/yr (+$62/mo · 147.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $20,459
• − Mortgage interest: −$7,562
• − Property taxes: −$502
• − Insurance: −$675
• − Repairs & maintenance: −$1,637
• − Management: −$1,637
• − HOA: −$2,400
• − Depreciation: −$3,927
• Taxable income: $2,119
• Est. tax owed @ 24.0%: −$509
• After-tax cash flow: $3,582/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Atlanta Public Schools
• NCES district ID: 1300120
• Math proficiency: 28% ▼ -6.00%
• Reading proficiency: 35% ▼ -2.00%
• Median HH income: $48,306
• Composite: 27.27/100
• National rank: #7006
• State rank: #80 of 174 in GA

Livability — Atlanta

• Score: 83/100
• State rank: #6
• US rank: #919

Category grades

Amenities A+ Commute A+ Cost of living C- Crime A Employment B Housing A+ Health & safety A- User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Atlanta, GA
• County: Fulton County · 1,094,430 people
• City population: 629,525
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 23,181
• Household income: $85,693
• Rent vs Own: 64.8% rent · 35.2% own
• Severe rent burden: 2306.0

Population outlook (Fulton County) Hauer SSP2

• Today (2025): 1,203,707 people
• By 2030: 1,299,706 · +8.0%
• By 2040: 1,488,256 · +23.6%
• By 2050: 1,664,580 · +38.3%
• By 2075: 2,036,072 · +69.2%
• By 2100: 2,222,402 · +84.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 53% Black 26% Two or more races 10% Hispanic / Latino 7% Asian 7%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Italian 4% Romanian 3% Lithuanian 2%
• Foreign-born: 12% · Canada, South Korea, China
• Languages at home: 85% English-only · Spanish 6% Other Indo-European 2% Other Asian/Pacific 2%

Political lean MEDSL · Fulton

• 2024 margin: Solid D (+44.9) · D 71.9% · R 27.0% · Other 1.1%
• 2008→2024 swing: +9.8pp toward D · 2008: 35.0pp · 2024: 44.9pp
• All cycles: 2024: D+44.9 2020: D+46.4 2016: D+42.1 2012: D+29.6 2008: D+35.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -293.30%
• Current HPI: 159.9963
• Rent YoY: ▲ 1.12%
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• State GDP YoY: ▲ 2.66%
• F500 in state: 28

Industry mix (Fortune 500 HQ in GA)

Industry	F500 HQs	Revenue
▸Paper / Packaging	2	$29B
▸Retail	1	$160B
▸Transportation / Logistics	1	$91B
▸Airlines	1	$62B
▸Consumer Goods	1	$47B
▸Utilities	1	$25B

Price history

+36.8% since first listed

18 events — show timeline

• 2026-05-12 Price Changed $134,999 FMLS
• 2026-05-12 Price Changed $134,999 GAMLS
• 2026-05-04 Price Changed $139,999 FMLS
• 2026-05-04 Price Changed $139,999 GAMLS
• 2026-04-27 Price Changed $144,999 GAMLS
• 2026-04-27 Price Changed $144,999 FMLS
• 2026-04-21 Price Changed $149,999 FMLS
• 2026-04-21 Price Changed $149,999 GAMLS
• 2026-04-10 Price Changed $154,999 FMLS
• 2026-04-10 Price Changed $154,999 GAMLS
• 2026-03-31 Listed $159,999 FMLS
• 2026-03-31 Listed $159,999 GAMLS
• 2025-08-13 Listing Removed — FMLS
• 2025-08-04 Listed $135,000 FMLS
• 2007-08-07 Sold (Public Records) $96,000 Public Records
• 2007-08-02 Sold (MLS) $96,000 FMLS
• 2007-04-04 Listed $96,000 FMLS
• 1999-12-30 Sold (Public Records) $98,715 Public Records

Property tax history

+2.7%/yr

Latest (2025): $502 · -14.6% YoY. Source: county tax records.