Atlanta Leasing & Investment is proud to present 208 Doane Street, a compelling multifamily investment opportunity located near Mercedes-Benz Stadium, Georgia State University, and a BeltLine entrance. The property sits within a rapidly evolving submarket poised for continued growth, particularly as Atlanta prepares to host FIFA World Cup matches. The surrounding area is anchored by several of the city’s most significant transformative developments, including Centennial Yards and the South Downtown Revitalization. In March 2025, the property experienced a building fire that impacted several interior units. Importantly, the structure remains intact, with the exterior largely unaffected and no material structural compromise. The property is zoned SPI-18 SA6 and, because the existing structure remains, it retains the ability to support 10 units, each configured as two-bedroom, one-bathroom apartments. As a result of the incident, the asset is now being offered as a value-add opportunity. The seller is open to a meaningful price reduction from the original list price, creating a compelling basis for investors seeking repositioning potential in a high-growth Atlanta submarket.
Single-familyProperty Type
1955Year Built
9,539 sq ftLot Size
$70Price/Sq.Ft.
Listed by Stephan Dickie• Atlanta Leasing & Investment
Contact: 404-348-4448
Bought with Stephan Dickie• Atlanta Leasing & Investment
Source:FMLS #7544001
Redfin Estimate
$835,266
$285K since sold in May 2026$73K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 166% higher than the average sale price ($314K) of 6 comparable homes.
Mechanicsville Neighborhood Special Public Interest District - Subarea 6: Two-Family
The intent of the council in establishing SPI-18 Mechanicsville Neighborhood Special Public Interest District as a zoning district is as follows: Create a diversified city where people across the spectrum of age, income, ethnicity, and culture can live, work, shop, meet, and play; Improve the aesthetics of streets and the built environment; Ensure through the administration of specific standards and criteria that new housing achieve architectural, site and street design consistent with the existing historic built environment. Protect the historic character of the single-family residential areas; Facilitate safe, pleasant, and convenient sidewalk-level pedestrian circulation that minimizes impediments by vehicles; Promote public safety through the provision of pedestrian-oriented street-level uses, sufficient sidewalk widths, adequate visibility from adjacent buildings and primary pedestrian access from buildings to adjacent sidewalks; Ensure pedestrian-oriented building forms which are compatible with the scale, character and needs of the neighborhood; Encourage a grid of connected streets to improve access and reduce congestion: Facilitate safe and convenient bicycle usage; Encourage a compatible mixture of residential, commercial, cultural and recreational uses; Promote an appropriate balance and scale of commercial uses which meet the needs of nearby residents; Encourage infill and rehabilitation development within traditionally commercial areas that include proportionately significant residential uses; Place reasonable controls on the development of larger scale highway-oriented retail, service, office and dining uses which are intended to serve larger areas of the city than a single neighborhood or a small group of neighborhoods; Encourage owner occupancy and retention of single-family residential structures compatible with the character of the Mechanicsville residential neighborhood while permitting two-family and multi-family housing in appropriate locations; Provide a range of housing types and prices to meet different housing needs; Prevent encroachment of incompatible commercial uses and minimize commercial parking in residential subareas; Provide accessible and sufficient parking in an unobtrusive manner; Reduce parking requirements by encouraging shared parking and alternative modes of transportation; Provide sufficient, safe and accessible parks, plazas and greenways for active and passive enjoyment; and Improve the quality of air and water through provisions for the planting of trees, bicycle parking and an urban form that reduces the need to drive.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Educational/school
Park & open space
Property details
Parking
Parking Information
Parking Features: Attached
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 2
# of Main Level Bathrooms: 1
# of Upper Level Full Baths: 1
Master Bathroom Features: Other
Bedroom Information
# of Main Level Bedrooms: 5
# of Upper Bedrooms: 5
Bedroom Features: Other
Interior Features
Interior Features: Other
Window Features: Wood Frames
Common Walls: No Common Walls
Appliances: Other
Flooring: Other
Room Information
LaundryFeatures: Other
Kitchen Features: Other
Dining Room Features: Other
Room Type: Other
Basement: Crawl Space
Multi-Family Information
# Of Units To Be Built: 0
# Of Units In Community: 10
Exterior
Mobile Home Information
Body Type: Other
Property Information
Levels: One
Construction Materials: Brick
Exterior Features: Other
Roof: Asbestos Shingle
Property Condition: Resale
Foundation Details: Slab
Ownership: Fee Simple
Green Energy Efficient: Water Heater
Lot Information
Waterfrontage Length: 0
TaxLegalDescription: Said property is known as 208 Doane Street SW, Atlanta, GA 30315, according to the present system of numbering in the City of Atlanta, and being further identified as Parcel ID: 14 007400020828
Financial
Financial Information
Buyer Financing: Other
Utilities
Utility Information
Cooling: Central Air
Heating: Central
Water Source: Public
Electric: Other
Sewer: Public Sewer
Utilities: Other
Location
School Information
Elementary School: Fulton - Other
Middle Or Junior School: Sylvan Hills
High School: Maynard Jackson
Location Information
Directions: Turn left onto University Avenue SW (0.5 miles). Turn right onto Metropolitan Parkway SW (0.4 miles). Turn left onto Doane St SW. The destination will be on your right.
Road Surface Type: Concrete
Road Frontage Type: Other
Fulton - GA
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 5,796
Stories: —
Lot Size: 9,540 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1955
Year Renovated: 2011
County: Fulton County
APN: 14 007400020828
Home facts updated by county records on Jul 15, 2026
Around this home
Schools
Dunbar Elementary School
Public PreK-5 • Assigned • 0.8mi
4/10
King Middle School
Public 6-8 • Assigned • 1.0mi
5/10
Maynard H. Jackson- Jr. High School
Public 9-12 • Assigned • 2.0mi
6/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 104° expected this year, 18 days in 30 years
5/10 Wind Factor
25% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Atlanta, GA • 30315
Average low and high temperatures (°F)
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57
67
49
58
39
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Sun exposure
98/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.