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$1,025,000
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Property Description
This renovated 6-unit multifamily property is located near Summerhill and Georgia State University, one of Atlanta's fastest-growing neighborhoods. The property is just steps from GSU, the BeltLine, and the 2026 FIFA World Cup activity zone, and it's surrounded by major projects such as Underground Atlanta, Centennial Yards, and the South Downtown Revitalization. Property Highlights Turnkey Investment: This property has been recently renovated inside and out, offering a truly turnkey opportunity. Investors can begin generating income immediately with minimal upfront effort. Location: Ideally situated in a sought-after area of Atlanta, just steps from Summerhill and Georgia State University. With the 2026 World Cup expected to bring increased attention and tourism to the region, the property is well-positioned for both appreciation and rental growth. Cashflow: The property has produced consistent cash flow for over three years through short-term rental operations. Historical financials are available upon request to confirm performance. Capital Improvements: Extensive capital improvements have been completed across all units since 2021, including both interior and exterior upgrades. All mechanical systems and appliances are in working condition, reducing the need for deferred maintenance.
Full Property Details
Full Property Details for 692 Smith St SW #6
General
- Sold For: $1,025,000
- Taxes: $8,727 (2024)
- Status: Closed
- Type: Multi-Family
- Source: GAMLS_Atlanta
- MLS ID: 10546615
- Added to Site: 215 day(s) ago
Parking
- Parking Features: Parking Pad
Location
- County: Fulton
- Driving Directions: Turn left onto Ralph David Abernathy Blvd SW Turn right onto Smith St SW
School Information
- Elementary School: Cascade
- Middle School: King
- High School: MH Jackson Jr
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central Air
- Heating Type: Central
Utilities
- Water/Sewer: Public Sewer
- Utility Description: Other
Structural Information
- Construction Status: New Construction
- Basement Desc.: Finished Bath
- Stories/Levels: One
- Year Built: 1960
Lot Features
- Lot Size (Acres): 0.148
- Lot Size Range: .148
- Lot Size Source: Owner
Water Features
- Water Front Name: NONE
Financial Considerations
- Tax Amount: $8,727
- Tax Year: 2024
Listed and Sold by Atlanta Leasing & Investment
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Schools
Schools serving 692 Smith St SW #6
School District:Atlanta City School District
| Name | Grades | Distance |
|---|---|---|
Dunbar Elementary School 500 Whitehall Terrace Southwest, Atlanta, GA 30312 | PK-5 | 0.4 mi |
King Middle School 545 Hill Street Southeast, Atlanta, GA 30312 | 6-8 | 1.2 mi |
Maynard H. Jackson- Jr. High School 801 Glenwood Avenue Southeast, Atlanta, GA 30316 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 692 Smith St SW #6
Date
Details
Price
Change
Source
10/03/2025
Sold
$1,025,000
-6.82%
MLS
8/11/2025
Price Reduced
$1,100,000
-11.86%
MLS
6/17/2025
Listed
$1,248,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
692 Smith Street SW #6, Atlanta, GA 30310 (MLS# 10546615) is a Multi-Family property that was sold at $1,025,000 on October 03, 2025. Want to learn more about 692 Smith Street SW #6? Do you have questions about finding other Multi-Family real estate for sale in Atlanta? You can browse all Atlanta real estate or contact a Coldwell Banker agent to request more information.

