Property listing for 4407 Northside Parkway Northwest, Atlanta, GA 30327
For SaleMulti-Family Property

Contact for Pricing

4407 Northside Parkway Northwest, Atlanta, GA 30327

26.83-Acre Multi‑Family Asset with Major Northside Parkway Frontage

12,582 Sq Ft

Rare large-acreage apartment property in Atlanta’s Paces neighborhood

12,582

Sq Ft

2001

Built

26.83 acres

Lot

none

Garage

About 4407 Northside Parkway Northwest

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.

Home Highlights

26.83-acre parcel with extensive Northside Parkway frontage12,582 SF multi-family complex built in 2001Zoned AE (Apartment) — multi-family useTenant-occupied with surface parking and multiple access pointsClose proximity to The Westminster Schools and Chattahoochee RiverAssessed value (2025) $32,696,000; annual taxes $1,337,561Development or expansion potential (subject to zoning/entitlements)

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

North Atlanta High School

High

8/10

Sutton Middle School

Middle

6/10

Jackson Elementary School

Elementary

8/10

The Westminster Schools

Private · 0.5 mi

Walkability & Recreation

35
Walkability
80
Recreation

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.

Investment Highlights

  • Expansive 26.83-acre lot in prime Atlanta location
  • Modern multi-family complex built in 2001
  • Proximity to prestigious educational institutions and shopping centers
  • Potential for future development or expansion
  • Located in a neighborhood with steady property value appreciation

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

Things to Consider

  • Insufficient data available for precise market valuation
  • Potential zoning restrictions for future development
  • High annual property tax obligations

Opportunity Analysis

Significant multi-family property with substantial acreage in a prime Atlanta location, offering potential for development and long-term appreciation.

Potential Use Scenarios

  • Conduct comprehensive appraisal to determine current market value
  • Explore potential for additional development or expansion
  • Evaluate rental income potential and occupancy rates

Risk Factors

  • High annual property taxes
  • Potential zoning restrictions
  • Market fluctuations affecting property value

Buyers should conduct independent due diligence before making any purchase decisions.

Market & Area Data

Market Trends

Area Median Price$1,200,000
Avg Days on Market45 days
Inventory3 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)10,500
Median Income (1 mi)$120,000

The area has experienced steady population growth and increasing property values over the past decade.

Nearby Points of Interest

  • The Westminster Schools (0.5 mi)
  • Paces Ferry Plaza Shopping Center (1.2 mi)
  • Chattahoochee River National Recreation Area (2.5 mi)

Proximity to prestigious educational institutions, shopping centers, and recreational areas enhances the property's appeal.

School District

DistrictAtlanta Public Schools
ElementaryJackson Elementary School (8/10)
MiddleSutton Middle School (6/10)
HighNorth Atlanta High School (8/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2001
Constructionwood frame
Stories3
Roofasphalt shingle
Heatingcentral
Coolingcentral
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Lot Size26.83 acres (116,900 SF)
Topographylevel
Parkingsurface_lot
FrontageExtensive frontage along Northside Parkway NW

Utilities

Watermunicipal
Sewermunicipal
ElectricGeorgia Power
GasAtlanta Gas Light

Zoning & Land Use

Zoning CodeAE
DescriptionApartment
JurisdictionCity of Atlanta

Allowed Uses

multi family residential
Current Usemulti-family residential
Assessor UseMulti-Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$32,696,000
Land$8,528,000
Improvements$24,168,000
Annual Tax (2025)$1,337,561

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