30 5th St NE #203 · Atlanta, GA 30308

$220,000

1 bd · 1.0 ba · 443 sqft · Condo public records · 53 Days on market

Built 1999 $497/sqft · 11% above area Est $198k · 11% over $334/mo HOA · 14% of rent

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Why this score? — see what drove the D- 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 +12.8/30.0
• 1% rule +5.6/10.0
• Livability +4.2/5.0
• DSCR +3.8/10.0
• Rent growth +2.8/5.0
• Schools +2.7/10.0
• ARV discount +2.5/15.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 30 5th St NE, Unit 203, Atlanta, GA 30308-a stunning condominium located in the historic Biltmore House in the heart of vibrant Tech Square. This beautifully maintained 1-bedroom, 1-bathroom studio features soaring ceilings over 10 feet, original hardwood floors, and charming views of the landscaped courtyard. The updated kitchen is equipped with new countertops, crisp white cabinetry, and full appliances including a refrigerator, range, microwave, dishwasher, and disposal-perfect for modern living. Positioned conveniently near the elevator lobby, the unit offers both comfort and accessibility. The building itself has been recently refreshed with a renovated main lobby and upgraded elevators, blending historic character with modern convenience. Enjoy an unbeatable location just steps from MARTA, Publix, Piedmont Park, top dining, shopping, and everything Midtown Atlanta has to offer. This is city living at its finest-ideal for homeowners or investors alike.

Key facts

• Updated kitchen
• New countertops
• Full appliances

Tags

• LANDSCAPED COURTYARD
• UPDATED KITCHEN
• NEW COUNTERTOPS
• CRISP WHITE CABINETRY
• FULL APPLIANCES
• CONVENIENTLY NEAR ELEVATOR

Property features AI

Finance

• Other: Part of a 1-unit community (single condo unit)
• HOA & community: Monthly association fee ($334); Homeowners association; Near public transport; Near schools; Near shopping; Sidewalks; Street lights

Exterior

• Parking: Covered garage; 1 garage space
• Utilities: Public water; Public sewer; Cable available; Electricity available; Sewer available; Water available; Other utilities
• Home design: One level; Condominium ownership; Accessible bedroom and entrance; Brick 4 sides construction; Composition and metal roof
• Construction: Brick on all sides; Composition and metal roofing
• Exterior features: Courtyard; Garden

Interior

• Kitchen: White cabinets; Solid surface counters; Open view to family room; Dishwasher; Disposal; Electric range; Microwave; Refrigerator; Other kitchen features
• Bedrooms: Studio layout; Main-level bedroom
• Flooring: Hardwood; Laminate
• Bathrooms: 1 full bathroom with tub/shower combo (main level)
• Heating & cooling: Central heating (forced air, electric, heat pump); Central air conditioning (electric, heat pump)
• Interior features: 10-ft ceilings on main level; High‑speed internet; 2+ common walls
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $220k.

Deal economics

• At list price, monthly cash flow is $-19 ($-229/yr) — negative.
• To cash-flow at today's rent, offer at most $217k (1.5% below list).
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $213k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.2% 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: 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.
• Zoned schools: The John Hope-Charles Walter Hill Elementary Schools (math 5% / reading 5%, grade F, #1,160 of 1,228 statewide, top 98%, 369 students, 100% FRL); David T Howard Middle School (math 58% / reading 63%, grade B+, #39 of 470 statewide, top 8%, 1,119 students, 19% FRL); Midtown High School (math 22% / reading 34%, grade F, #151 of 424 statewide, top 36%, 1,602 students, 19% FRL) — zoned schools average 46% FRL vs 71% district-wide (25 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+1.1%/yr); 319 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 10d 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).
• This rent runs 33% of the median local income ($86k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 53 days — a 3% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $213,400 (3.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 1.06% ✓
• Cap rate: 6.19%
• Cash-on-cash: -0.37%
• DSCR: 0.98
• GRM: 7.9

CMA / ARV

• ARV (median comp): $197,918
• List price: $220,000
• Delta: 11.16%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -19.4%
• Equity multiple: 0.34×
• Total profit: $-40,939
• Equity at exit: $32,803

10-year hold

• IRR: -17.5%
• Equity multiple: 0.13×
• Total profit: $-53,292
• Equity at exit: $19,022

Cash invested: $61,600 (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: 319
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,325 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$277 /mo · $3,319/yr
• Insurance: −$92
• HOA: −$334
• Vacancy / Maint / Mgmt: −$488
• Net cashflow: $-19

Break-even live

Break-even rent $2,349

Max offer price $216,634

Occupancy floor 96%

Sensitivity live

Price	-10% $105	-5% $43	+0% $-19	+5% $-81	+10% $-144
Rent	-10% $-203	-5% $-111	+0% $-19	+5% $73	+10% $165
Rate	-1.0pp $92	-0.5pp $37	base $-19	+0.5pp $-76	+1.0pp $-134

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
47 5th St NW Unit 1226666P Atlanta, GA	1.0	1.0	301	$2,593	$8.61	24d	1	0.08mi
47 5th St NW Unit 1226667P Atlanta, GA	1.0	1.0	301	$2,888	$9.59	0d	1	0.08mi
47 5th St NW Unit 1226689P Atlanta, GA	1.0	1.0	301	$2,883	$9.58	7d	1	0.08mi
903 Peachtree St NE Atlanta, GA	3.0	1.0–2.5	945	$2,250	$2.38	0d	53	0.30mi
887 Myrtle St NE Unit 4 Atlanta, GA	—	1.0	225	$995	$4.42	9d	1	0.48mi
570 Boulevard Pl NE Atlanta, GA	—	1.0	265	$1,095	$4.13	3d	1	1.14mi
444 Highland Ave NE Unit 810 Atlanta, GA	1.0	1.0	200	$900	$4.50	26d	1	1.27mi
444 Highland Ave NE Unit 825 Atlanta, GA	1.0	1.0	220	$1,100	$5.00	26d	1	1.27mi

HOA detail condo

• Monthly dues: $334 · $4,008/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 41 events

1. 2026-06-21
   days on market $220,000 Active 53 DOM
2. 2026-06-18
   days on market $220,000 Active 50 DOM
3. 2026-06-17
   days on market $220,000 Active 49 DOM
4. 2026-06-16
   days on market $220,000 Active 48 DOM
5. 2026-06-15
   days on market $220,000 Active 47 DOM
6. 2026-06-13
   days on market $220,000 Active 45 DOM
7. 2026-06-13
   days on market $220,000 Active 44 DOM
8. 2026-06-09
   days on market $220,000 Active 41 DOM
9. 2026-06-08
   days on market $220,000 Active 40 DOM
10. 2026-06-07
    days on market $220,000 Active 39 DOM
11. 2026-06-04
    days on market $220,000 Active 36 DOM
12. 2026-06-03
    days on market $220,000 Active 35 DOM
13. 2026-06-02
    days on market $220,000 Active 34 DOM
14. 2026-06-01
    days on market $220,000 Active 33 DOM
15. 2026-05-31
    days on market $220,000 Active 32 DOM
16. 2026-04-29
    listed $220,000 New 985-char remark

    Show marketing remark (985 chars)

    Welcome to 30 5th St NE, Unit 203, Atlanta, GA 30308-a stunning condominium located in the historic Biltmore House in the heart of vibrant Tech Square. This beautifully maintained 1-bedroom, 1-bathroom studio features soaring ceilings over 10 feet, original hardwood floors, and charming views of the landscaped courtyard. The updated kitchen is equipped with new countertops, crisp white cabinetry, and full appliances including a refrigerator, range, microwave, dishwasher, and disposal-perfect for modern living. Positioned conveniently near the elevator lobby, the unit offers both comfort and accessibility. The building itself has been recently refreshed with a renovated main lobby and upgraded elevators, blending historic character with modern convenience. Enjoy an unbeatable location just steps from MARTA, Publix, Piedmont Park, top dining, shopping, and everything Midtown Atlanta has to offer. This is city living at its finest-ideal for homeowners or investors alike.

17. 2026-04-29
    listed $220,000 Active 1003-char remark

    Show marketing remark (985 chars)

    Welcome to 30 5th St NE, Unit 203, Atlanta, GA 30308-a stunning condominium located in the historic Biltmore House in the heart of vibrant Tech Square. This beautifully maintained 1-bedroom, 1-bathroom studio features soaring ceilings over 10 feet, original hardwood floors, and charming views of the landscaped courtyard. The updated kitchen is equipped with new countertops, crisp white cabinetry, and full appliances including a refrigerator, range, microwave, dishwasher, and disposal-perfect for modern living. Positioned conveniently near the elevator lobby, the unit offers both comfort and accessibility. The building itself has been recently refreshed with a renovated main lobby and upgraded elevators, blending historic character with modern convenience. Enjoy an unbeatable location just steps from MARTA, Publix, Piedmont Park, top dining, shopping, and everything Midtown Atlanta has to offer. This is city living at its finest-ideal for homeowners or investors alike.

18. 2025-07-10
    historical $1,500
19. 2025-06-17
    listed $1,500
20. 2024-07-23
    historical $1,700
21. 2024-06-19
    listed $1,700
22. 2024-06-12
    soldstatus $205,500
23. 2024-05-16
    soldstatus $205,500 Closed

    Show marketing remark (668 chars)

    Gorgeous condominium situated within the historic Biltmore House at the vibrant heart of Tech Square. This striking one-bedroom, one-bathroom studio boasts new countertops complemented by pristine white cabinetry, complete with a built-in sink, disposal, refrigerator, range, microwave, and dishwasher. Offering views of the meticulously maintained courtyard, the unit features original hardwood floors, soaring ceilings exceeding 10 feet in height, and convenient proximity to the elevator lobby. Recently refurbished, the building showcases a revitalized main lobby and elevators. Enjoy the convenience of being mere steps away from MARTA, Publix, and Piedmont Park.

24. 2024-05-16
    soldstatus $205,500 Sold

    Show marketing remark (668 chars)

    Gorgeous condominium situated within the historic Biltmore House at the vibrant heart of Tech Square. This striking one-bedroom, one-bathroom studio boasts new countertops complemented by pristine white cabinetry, complete with a built-in sink, disposal, refrigerator, range, microwave, and dishwasher. Offering views of the meticulously maintained courtyard, the unit features original hardwood floors, soaring ceilings exceeding 10 feet in height, and convenient proximity to the elevator lobby. Recently refurbished, the building showcases a revitalized main lobby and elevators. Enjoy the convenience of being mere steps away from MARTA, Publix, and Piedmont Park.

25. 2024-04-25
    status Pending

    Show marketing remark (668 chars)

    Gorgeous condominium situated within the historic Biltmore House at the vibrant heart of Tech Square. This striking one-bedroom, one-bathroom studio boasts new countertops complemented by pristine white cabinetry, complete with a built-in sink, disposal, refrigerator, range, microwave, and dishwasher. Offering views of the meticulously maintained courtyard, the unit features original hardwood floors, soaring ceilings exceeding 10 feet in height, and convenient proximity to the elevator lobby. Recently refurbished, the building showcases a revitalized main lobby and elevators. Enjoy the convenience of being mere steps away from MARTA, Publix, and Piedmont Park.

26. 2024-04-17
    status Under Contract

    Show marketing remark (668 chars)

    Gorgeous condominium situated within the historic Biltmore House at the vibrant heart of Tech Square. This striking one-bedroom, one-bathroom studio boasts new countertops complemented by pristine white cabinetry, complete with a built-in sink, disposal, refrigerator, range, microwave, and dishwasher. Offering views of the meticulously maintained courtyard, the unit features original hardwood floors, soaring ceilings exceeding 10 feet in height, and convenient proximity to the elevator lobby. Recently refurbished, the building showcases a revitalized main lobby and elevators. Enjoy the convenience of being mere steps away from MARTA, Publix, and Piedmont Park.

27. 2024-04-17
    historical Active Under Contract

    Show marketing remark (668 chars)

    Gorgeous condominium situated within the historic Biltmore House at the vibrant heart of Tech Square. This striking one-bedroom, one-bathroom studio boasts new countertops complemented by pristine white cabinetry, complete with a built-in sink, disposal, refrigerator, range, microwave, and dishwasher. Offering views of the meticulously maintained courtyard, the unit features original hardwood floors, soaring ceilings exceeding 10 feet in height, and convenient proximity to the elevator lobby. Recently refurbished, the building showcases a revitalized main lobby and elevators. Enjoy the convenience of being mere steps away from MARTA, Publix, and Piedmont Park.

28. 2024-04-04
    listed $205,500 Active

    Show marketing remark (668 chars)

    Gorgeous condominium situated within the historic Biltmore House at the vibrant heart of Tech Square. This striking one-bedroom, one-bathroom studio boasts new countertops complemented by pristine white cabinetry, complete with a built-in sink, disposal, refrigerator, range, microwave, and dishwasher. Offering views of the meticulously maintained courtyard, the unit features original hardwood floors, soaring ceilings exceeding 10 feet in height, and convenient proximity to the elevator lobby. Recently refurbished, the building showcases a revitalized main lobby and elevators. Enjoy the convenience of being mere steps away from MARTA, Publix, and Piedmont Park.

29. 2024-04-04
    listed $205,500 New

    Show marketing remark (668 chars)

    Gorgeous condominium situated within the historic Biltmore House at the vibrant heart of Tech Square. This striking one-bedroom, one-bathroom studio boasts new countertops complemented by pristine white cabinetry, complete with a built-in sink, disposal, refrigerator, range, microwave, and dishwasher. Offering views of the meticulously maintained courtyard, the unit features original hardwood floors, soaring ceilings exceeding 10 feet in height, and convenient proximity to the elevator lobby. Recently refurbished, the building showcases a revitalized main lobby and elevators. Enjoy the convenience of being mere steps away from MARTA, Publix, and Piedmont Park.

30. 2024-04-01
    historical
31. 2024-03-26
    historical
32. 2024-03-15
    listed $205,500 New
33. 2024-03-15
    listed $205,500 Active
34. 2017-08-17
    soldstatus $127,000
35. 2017-08-15
    soldstatus $127,000 Sold
36. 2017-08-15
    soldstatus $127,000 Sold
37. 2017-07-20
    status Under Contract
38. 2017-07-20
    historical Pending
39. 2017-06-07
    listed $129,900 New
40. 2017-06-07
    listed $129,900 Active
41. 2008-05-01
    soldstatus $118,000

ⓘ 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: $3,319 · $277/mo
• Projected year-2 tax: $3,319 · $277/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $27,902
• − Mortgage interest: −$12,323
• − Property taxes: −$3,319
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,232
• − Management: −$2,232
• − HOA: −$4,008
• − Depreciation: −$6,400
• Taxable loss: −$3,713
• Est. tax savings @ 24.0%: +$891
• After-tax cash flow: $662/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

+86.4% since first listed

26 events — show timeline

• 2026-04-29 Listed $220,000 FMLS
• 2026-04-29 Listed $220,000 GAMLS
• 2025-07-10 Rental Removed $1,500 FMLS
• 2025-06-17 Listed for Rent $1,500 FMLS
• 2024-07-23 Rental Removed $1,700 BUILDIUM
• 2024-06-19 Listed for Rent $1,700 BUILDIUM
• 2024-06-12 Sold (Public Records) $205,500 Public Records
• 2024-05-16 Sold (MLS) $205,500 GAMLS
• 2024-05-16 Sold (MLS) $205,500 FMLS
• 2024-04-25 Pending — FMLS
• 2024-04-17 Pending — GAMLS
• 2024-04-17 Contingent — FMLS
• 2024-04-04 Listed $205,500 GAMLS
• 2024-04-04 Listed $205,500 FMLS
• 2024-04-01 Listing Removed — GAMLS
• 2024-03-26 Listing Removed — FMLS
• 2024-03-15 Listed $205,500 FMLS
• 2024-03-15 Listed $205,500 GAMLS
• 2017-08-17 Sold (Public Records) $127,000 Public Records
• 2017-08-15 Sold (MLS) $127,000 GAMLS
• 2017-08-15 Sold (MLS) $127,000 FMLS
• 2017-07-20 Pending — GAMLS
• 2017-07-20 Contingent — FMLS
• 2017-06-07 Listed $129,900 GAMLS
• 2017-06-07 Listed $129,900 FMLS
• 2008-05-01 Sold (Public Records) $118,000 Public Records

Property tax history

+2.0%/yr

Latest (2025): $3,319 · +13.7% YoY. Source: county tax records.