327 3rd St NE #3 · Atlanta, GA 30308

$134,500

1 bd · 1.0 ba · 435 sqft · Condo public records · 34 Days on market

Built 1965 $309/sqft · 14% below area Est $156k · 14% under $209/mo HOA · 12% of rent

---

Why this score? — see what drove the C+ 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 +20.3/30.0
• ARV discount +13.7/15.0
• 1% rule +7.8/10.0
• DSCR +6.4/10.0
• 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

GREAT VALUE FOR MOVE-IN READY UNIT! CASH OFFERS preferred - only Non-warrantable loans available in community. Walkable to Ponce City Market, Piedmont Park, Fox Theater and other spots in Midtown! Site-finished hardwood flooring and solid wood paneled doors throughout! Living room leads to kitchen w/newer cabinets, granite counters, gas cooking, microwave, 1-year old stainless dishwasher and 1-year old stainless fridge included. Stack unit washer/dryer included. Updated tile bath. True private bedroom floor plan. NO INVESTORS - COMMUNITY IS AT RENTAL CAP ALREADY. LOCATED IN THE ONLY BUILDING in the community that includes BASEMENT STORAGE!! THIS IS ONE OF THE FEW UNITS WITH A DEEDED PARKING SPACE IN THE HIGHLY DESIRED GATED PARKING LOT!

Key facts

• Newer cabinets
• Gas cooking
• Move in ready

Tags

• MOVE IN READY
• WALKABLE TO PONCE CITY MARKET
• SOLID WOOD PANELED DOORS
• NEWER CABINETS
• GRANITE COUNTERS
• GAS COOKING

Property features AI

Finance

• Other: Directions: Ponce de Leon Avenue east from Peachtree Street; left at Krispy Kreme onto Argonne Avenue; right on 3rd Street
• Financial info: Community contains approximately 100 units
• HOA & community: Monthly association fee of $209; Association covers insurance, grounds maintenance, structure maintenance, reserves, security, termite, and trash; Homeowners association

Exterior

• Parking: Assigned, deeded parking in a parking lot (permit required); One parking space
• Security: Community security included in association services
• Utilities: Public water; Public sewer; Cable available; Electricity available; Natural gas available; Phone service available
• Home design: One-level condominium; Brick on all sides construction; Composition roof; Resale property
• Construction: Brick 4 sides construction; Composition roof
• Exterior features: Gated community; Near Beltline; Near public transport; Near shopping; Near trails/greenway; Park access; Sidewalks; Street lights; Asphalt road frontage on a city street

Interior

• Kitchen: White cabinets with laminate counters; Dishwasher; Disposal; Gas range; Microwave; Refrigerator
• Bedrooms: Primary bedroom on main level
• Flooring: Ceramic tile; Hardwood
• Bathrooms: Full bathroom with tub/shower combo on main level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fan(s)
• Interior features: Crown molding; Aluminum frame windows; 2+ shared/common walls
• Laundry & utility: Washer and dryer; Laundry closet; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $134k.

Deal economics

• At list price, monthly cash flow is $171 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $134k).
• Recommended offer: $130k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.8% 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: 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 19% FRL vs 71% district-wide (52 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 44% at this address vs 32% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Atlanta Public Schools average implies; a family-tenant draw the district grade alone would hide.
• 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 $930 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 34 days — a 3% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y 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.
• Current owner paid $75k; list at $134k implies a 80% gain — meaningful room to come down on a strong offer.

Recommended offer $130,465 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 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: 1.28% ✓
• Cap rate: 7.82%
• Cash-on-cash: 5.46%
• DSCR: 1.24
• GRM: 6.5

CMA / ARV

• ARV (median comp): $156,128
• List price: $134,500
• Delta: -13.85%
• 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: -10.4%
• Equity multiple: 0.63×
• Total profit: $-13,899
• Equity at exit: $20,054

10-year hold

• IRR: -4.5%
• Equity multiple: 0.74×
• Total profit: $-9,949
• Equity at exit: $11,629

Cash invested: $37,660 (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: 6.5×

Monthly cashflow live

• Estimated rent: $1,725 high
• Mortgage (P&I): −$705
• Tax from tax record: −$221 /mo · $2,650/yr
• Insurance: −$56
• HOA: −$209
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $171

Break-even live

Break-even rent $1,508

Max offer price $134,500

Occupancy floor 85%

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: $33,625
• Closing costs: $4,035
• 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	0.42mi
570 Boulevard Pl NE Atlanta, GA	—	1.0	265	$1,095	$4.13	1d	1	0.52mi
903 Peachtree St NE Atlanta, GA	3.0	1.0–2.5	945	$2,223	$2.35	1d	56	0.59mi
47 5th St NW Unit 1226689P Atlanta, GA	1.0	1.0	301	$2,883	$9.58	5d	1	0.68mi
47 5th St NW Unit 1226667P Atlanta, GA	1.0	1.0	301	$2,688	$8.93	16d	1	0.68mi
47 5th St NW Unit 1226666P Atlanta, GA	1.0	1.0	301	$2,593	$8.61	21d	1	0.68mi
444 Highland Ave NE Unit 825 Atlanta, GA	1.0	1.0	220	$1,100	$5.00	24d	1	0.79mi
444 Highland Ave NE Unit 810 Atlanta, GA	1.0	1.0	200	$900	$4.50	24d	1	0.79mi
44 Krog St NE Atlanta, GA	2.0	2.0	842	$2,841	$3.37	1d	11	1.38mi
644 N Highland Ave NE Atlanta, GA	1.0	1.0	379	$1,750	$4.62	3d	15	1.39mi

HOA detail condo

• Monthly dues: $209 · $2,508/yr
• Likely covers: gassecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 31 events

1. 2026-06-18
   days on market $134,500 Active 34 DOM
2. 2026-06-17
   days on market $134,500 Active 33 DOM
3. 2026-06-16
   days on market $134,500 Active 32 DOM
4. 2026-06-15
   days on market $134,500 Active 31 DOM
5. 2026-06-13
   days on market $134,500 Active 29 DOM
6. 2026-06-13
   days on market $134,500 Active 28 DOM
7. 2026-06-09
   days on market $134,500 Active 25 DOM
8. 2026-06-08
   days on market $134,500 Active 24 DOM
9. 2026-06-07
   days on market $134,500 Active 23 DOM
10. 2026-06-04
    days on market $134,500 Active 20 DOM
11. 2026-06-03
    days on market $134,500 Active 19 DOM
12. 2026-06-02
    days on market $134,500 Active 18 DOM
13. 2026-06-01
    days on market $134,500 Active 17 DOM
14. 2026-05-31
    days on market $134,500 Active 16 DOM
15. 2026-05-15
    listed $134,500 New 749-char remark

    Show marketing remark (749 chars)

    GREAT VALUE FOR MOVE-IN READY UNIT! CASH OFFERS preferred - only Non-warrantable loans available in community. Walkable to Ponce City Market, Piedmont Park, Fox Theater and other spots in Midtown! Site-finished hardwood flooring and solid wood paneled doors throughout! Living room leads to kitchen w/newer cabinets, granite counters, gas cooking, microwave, 1-year old stainless dishwasher and 1-year old stainless fridge included. Stack unit washer/dryer included. Updated tile bath. True private bedroom floor plan. NO INVESTORS - COMMUNITY IS AT RENTAL CAP ALREADY. LOCATED IN THE ONLY BUILDING in the community that includes BASEMENT STORAGE!! THIS IS ONE OF THE FEW UNITS WITH A DEEDED PARKING SPACE IN THE HIGHLY DESIRED GATED PARKING LOT!

16. 2026-05-15
    listed $134,500 Active 749-char remark

    Show marketing remark (749 chars)

    GREAT VALUE FOR MOVE-IN READY UNIT! CASH OFFERS preferred - only Non-warrantable loans available in community. Walkable to Ponce City Market, Piedmont Park, Fox Theater and other spots in Midtown! Site-finished hardwood flooring and solid wood paneled doors throughout! Living room leads to kitchen w/newer cabinets, granite counters, gas cooking, microwave, 1-year old stainless dishwasher and 1-year old stainless fridge included. Stack unit washer/dryer included. Updated tile bath. True private bedroom floor plan. NO INVESTORS - COMMUNITY IS AT RENTAL CAP ALREADY. LOCATED IN THE ONLY BUILDING in the community that includes BASEMENT STORAGE!! THIS IS ONE OF THE FEW UNITS WITH A DEEDED PARKING SPACE IN THE HIGHLY DESIRED GATED PARKING LOT!

17. 2015-12-04
    price $74,900

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

18. 2015-11-20
    soldstatus $74,900
19. 2015-11-19
    price $74,900

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

20. 2015-11-19
    soldstatus $74,900 Sold

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

21. 2015-11-19
    soldstatus $74,900 Sold

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

22. 2015-11-19
    price $79,000

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

23. 2015-11-02
    status Pending Offer Approval

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

24. 2015-10-29
    historical Pending Approval

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

25. 2015-10-29
    historical Contingent - Due Diligence

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

26. 2015-10-28
    price $79,000

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

27. 2015-10-16
    price $79,000

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

28. 2015-10-16
    price $79,000

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

29. 2015-09-08
    listed $86,000 New

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

30. 2015-09-08
    listed $86,000 Active

    Show marketing remark (357 chars)

    Location. In the heart of Midtown and ability to walk to the park, Ponce City Market and much more . Top floor at Melrose Park with hardwood floors throughout. Newly renovated Kitchen and bath. Extra tall cabinets in the kitchen to increase storage. Fresh paint throughout entire condo! Convenient dog walk just out your back door. Open storage in basement.

31. 2005-09-16
    soldstatus $91,000

ⓘ 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: $2,650 · $221/mo
• Projected year-2 tax: $2,650 · $221/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: $20,696
• − Mortgage interest: −$7,534
• − Property taxes: −$2,650
• − Insurance: −$672
• − Repairs & maintenance: −$1,656
• − Management: −$1,656
• − HOA: −$2,508
• − Depreciation: −$3,913
• Taxable income: $108
• Est. tax owed @ 24.0%: −$26
• After-tax cash flow: $2,030/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

+47.8% since first listed

17 events — show timeline

• 2026-05-15 Listed $134,500 FMLS
• 2026-05-15 Listed $134,500 GAMLS
• 2015-12-04 Price Changed $74,900 GAMLS
• 2015-11-20 Sold (Public Records) $74,900 Public Records
• 2015-11-19 Price Changed $74,900 FMLS
• 2015-11-19 Sold (MLS) $74,900 GAMLS
• 2015-11-19 Sold (MLS) $74,900 FMLS
• 2015-11-19 Price Changed $79,000 FMLS
• 2015-11-02 Pending — GAMLS
• 2015-10-29 Contingent — GAMLS
• 2015-10-29 Contingent — FMLS
• 2015-10-28 Price Changed $79,000 GAMLS
• 2015-10-16 Price Changed $79,000 GAMLS
• 2015-10-16 Price Changed $79,000 FMLS
• 2015-09-08 Listed $86,000 GAMLS
• 2015-09-08 Listed $86,000 FMLS
• 2005-09-16 Sold (Public Records) $91,000 Public Records

Property tax history

+4.2%/yr

Latest (2024): $2,650 · +4.9% YoY. Source: county tax records.