26.83-Acre Multi‑Family Asset with Major Northside Parkway Frontage
This is a distinctive, institutional-scale multi-family offering: a 12,582-square-foot complex set on an expansive 26.83-acre parcel with extensive frontage along Northside Parkway NW. The property’s level topography and multiple ingress/egress points create straightforward circulation for residents and service vehicles, while a large surface parking field supports current tenancy. Built in 2001 and maintained in good condition, the buildings show wood-frame construction, asphalt shingle roofs, and central heating and cooling systems.
From an investor’s vantage the site reads as both stabilized rental product and a potential redevelopment play (subject to City of Atlanta zoning and approvals). Zoned AE (Apartment), the property sits in Paces — an area characterized by strong household incomes and steady appreciation. It is tenant-occupied today, producing on-site occupancy and cash flow signals that should be verified and quantified through a thorough rent-roll and financial due diligence process.
Location is a defining advantage: The Westminster Schools are approximately 0.5 mile away, Paces Ferry Plaza shopping and dining is about 1.2 miles, and the Chattahoochee River National Recreation Area sits roughly 2.5 miles from the site. Those proximate anchors support resident demand and appeal to both family renters and long-term investors seeking an asset in a well-regarded submarket of the Atlanta–Sandy Springs–Roswell MSA.
Financial and planning considerations are central to the offering. The 2025 assessed value totals $32,696,000 with annual property taxes of $1,337,561; prospective buyers should plan for a comprehensive appraisal and review of tax obligations. Parking capacity, frontage visibility on a high-traffic corridor, and site acreage create a flexible property profile—suitable for continued rental operations, phased redevelopment, or a repositioning strategy pending entitlements.
Serious investors will appreciate the combination of scale, location, and development optionality. We recommend scheduling an on-site inspection, requesting a current rent roll and operating statements, and initiating a zoning and feasibility study to confirm highest-and-best-use scenarios. Broker-led site tours and a full data package are available by request.
A 2001 apartment complex on 26.83 acres.
Building
Site & utilities
Paces
Researched nearby locations
Location
4407 Northside Parkway Northwest, Atlanta, GA 30327
Paces is an established, high-income enclave on Atlanta’s northwest corridor characterized by a mix of strong single-family neighborhoods, institutional campuses, and pockets of commercial retail. Residents benefit from nearby private and public schools, convenient shopping at Paces Ferry Plaza, and rapid access to major commuter routes. Outdoor enthusiasts appreciate the short drive to the Chattahoochee River and associated trails. The area’s demographic stability and limited vacant land contribute to steady real estate appreciation and strong neighborhood desirability.
Very good regional recreation access with the Chattahoochee River National Recreation Area approximately 2.5 miles away, plus nearby parks and green spaces for daily outdoor activity and short drives to additional trails.
A factual market snapshot around 4407 Northside Parkway Northwest.
Paces is showing the characteristics of a seller-leaning market: inventory sits at roughly three months and average time on market in the subarea is about 45 days. Median single-family sale price data for the area centers near $1.2M, reflecting a high-demand neighborhood with steady long-term appreciation (approx. +25% over five years and ~+5% year-over-year). Multi-family assets in this corridor have limited public comps, which increases the importance of asset-specific underwriting—particularly for larger, mixed-use or redevelopment-focused properties like this one. Lower months of inventory and relatively quick sales cadence support pricing power, but this offering’s unique scale and substantial property tax burden mean buyer selection and due diligence will materially influence value. For investors, now is a favorable window to pursue purpose-driven acquisitions: financing markets remain accessible for well-structured deals, and land scarcity in Paces amplifies the optionality of a large site. That said, a custom appraisal, detailed rent-roll verification, and a zoning/development review are recommended to quantify upside and refine acquisition pricing.
Apartment
Zoning
Research-indicated uses
- Multi Family Residential
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
What the research supports — and what is still worth verifying.
Key findings
- Assessed value for 2025: $32,696,000
- Annual property taxes: $1,337,561
- Proximity to The Westminster Schools (0.5 mi)
- Located in the Paces neighborhood within the Atlanta-Sandy Springs-Roswell MSA
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify zoning regulations and potential for development
- Obtain detailed rental income and occupancy data
- Conduct comprehensive appraisal for market valuation
What stands out about this property.
Interior Features
- Gross building area: 12,582 SF
- Built 2001; wood-frame construction
- Central heating and central cooling
- Three stories across the complex
- Well-maintained common areas (per broker notes)
Exterior & Lot
- 26.83-acre level parcel with extensive Northside Parkway NW frontage
- Ample surface parking for residents and guests
- Multiple access points from Northside Parkway NW
- Asphalt shingle roofing
- Large contiguous development parcel with redevelopment potential
Location & Neighborhood
- Situated in the Paces neighborhood of Atlanta (Fulton County)
- 0.5 mi to The Westminster Schools
- 1.2 mi to Paces Ferry Plaza shopping and dining
- 2.5 mi to Chattahoochee River National Recreation Area
- Zoning: AE (Apartment) — City of Atlanta
Walkability & Recreation
- Walkability Rating: 35/100 — Car-Dependent
- Nearby parks and green spaces: Chattahoochee River National Recreation Area (2.5 mi)
- Convenient access to Paces Ferry retail (1.2 mi)
- Close to prestigious private schools and neighborhood amenities
- Strong regional road access via Northside Parkway NW
Sources & research confidence.
See where the property research came from and how confidence varies by field.