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2612 Steele Avenue

Atlanta, GA 30315
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Bed --

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Bath 0

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Acres0.12

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Rare opportunity to acquire a 44-unit garden-style multifamily community in Atlanta’s South Atlanta/Airport Corridor. Park South Apartments, located at 2612 Steele Avenue SW, offers investors an attractive value-add opportunity with significant capital improvements already completed and additional upside through continued renovations, lease-up, and operational stabilization. The two-story community features 37 one-bedroom/one-bath and 7 two-bedroom/one-bath residences with surface parking and controlled access. 17 units have been renovated, providing a strong foundation for the next owner to complete the remaining renovation program and continue repositioning the asset. Recent capital improvements include roof replacements, exterior paint, landscaping, paving and striping, HVAC and wate r heater upgrades, and additional site improvements. The property has 70 parking spaces. The property is 100% electric with central HVAC and individually metered electricity. Community amenities include gated access, ample on-site parking, and two laundry facilities. The property is also Section 8 approved, providing additional flexibility within Atlanta’s strong workforce-housing market. Strategically located minutes from Hartsfield-Jackson Atlanta International Airport with convenient access to I-75, I-85 and I-285, Park South benefits from proximity to major employment centers, Downtown Atlanta, Camp Creek Marketplace and the broader Airport/Aerotropolis corridor. Property is being sold as-is. Please contact the listing broker for Offering Memorandum, rent roll, financial information and additional due diligence materials. Please do not disturb tenants.

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Detail Ic Property Details

Property Type : Residential Income

Price : $5,900,000

AD Id : 91645508

MLS Id : 7847983

Lot Size : 0.12 Acre

Tax Amount : $25,274

Year Built : 1966

County : Fulton

Subdivision: Park South

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Feature Features

  • Flooring Information

    Carpet, Tile
  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1966 Private Pool: No View: Other

  • Lot Information

    Lot Dimensions: x Lot Size Acres: 0.1198 Lot Size Source: Public Records Lot Description: Level

    Property Information

    Subdivision: Park South Source Property Type: Residential Income Postal Code Plus 4: 8200 Levels: Two Property Age: 60

  • Listing Price Information

    Listing Price: $5900000

  • Tax Information

    Tax Year: 2025 Annual Tax: $25274 Tax Legal Desc: See attached

  • Parking Information

    Parking Total: 1 Parking Lot, Paved

  • School Information

    Elementary School: Cleveland Avenue
    Junior High School: Crawford Long
    Senior High School: South Atlanta
  • Utility Information

    Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Location Information

    Direction: GPS Friendly WaterSource: Public Security Features: Security Gate
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ByOwner last updated this listing 10/03/2026 @ 03:08

MLS: 7847983 LISTED BY: Kesha Williams, Compass 404-668-6621 SOURCE: First Multiple Listing Service (FMLS)

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