Off market sep 2020 for $1.8M

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Est. refi paymentEst. refi $12,644/mo

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•

— ba

•

—

sq ft

720 Penn Ave NE, Atlanta, GA 30308

About this home

Gorgeous income-generating, multi-unit property in Midtown, with 6 beautifully renovated units offering spacious living areas, large bedrooms, and stunning bathrooms. Kitchens are outfitted with brand new appliances, granite countertops, and ample cabinet and counter space. Each unit is equipped with an in-unit washer and dryer, as well as new heating and air components. The building also offers private outdoor spaces, and off-street parking. Walking distance to Piedmont Park, The Beltline, and all that Midtown has to offer.

1920Year Built

7,492 sq ftLot Size

Listed by Peter Marks • Compass

Listed by David Blumenfeld • Compass

Bought with Reza Samadi • HomeSmart

Source:FMLS #6756424

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in Midtown Atlanta, GA

Last updated October 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

96.0%

0.1% MoM

Median sale price

$339K

$13K MoM

Avg. days on market

79d

4 days MoM

Recently sold homes

114

22 MoM

New listings for sale

NEW 3 HRS AGO
$249,000
2 beds2 baths1,022 sq ft
240 Renaissance Pkwy NE Apt 116, Atlanta, GA 30308
OPEN SAT, 12PM TO 2PM
$1,395,000
4 beds3 baths3,186 sq ft
822 Argonne Ave NE, Atlanta, GA 30308
NEW 1 DAY AGO
$210,000
1 bed1 bath775 sq ft
800 Peachtree St NE #1102, Atlanta, GA 30308
$499,900
2 beds2 baths1,135 sq ft
565 Peachtree St NE #811, Atlanta, GA 30308
COMING SOON
$1,075,000
3 beds3 baths2,340 sq ft
867 Peachtree St NE #202, Atlanta, GA 30308
$799,900
3 beds2.5 baths2,336 sq ft
371 5th St NE, Atlanta, GA 30308
$169,900
1 bed1 bath520 sq ft
120 Ralph Mcgill Blvd NE #1303, Atlanta, GA 30308
$479,900
2 beds2 baths1,211 sq ft
860 Peachtree St NE #1814, Atlanta, GA 30308
$205,000
1 bed1 bath582 sq ft
120 Ralph Mcgill Blvd NE #405, Atlanta, GA 30308
$559,000
3 beds3.5 baths1,054 sq ft
829 Piedmont Ave NE Unit A, Atlanta, GA 30308
See all

Provided by Redfin

Sale history for 720 Penn Ave NE

Date

Event

Price

APPFOLIO #5

Jun 26, 2026

Rental Removed

$2,200

Apr 11, 2026

Listed for Rent

$2,200

Sep 4, 2025

Rental Removed

$2,700

Aug 19, 2025

Listed for Rent

$2,700

APPFOLIO #3

Jun 26, 2026

Rental Removed

$2,200

Jun 3, 2026

Listed for Rent

$2,200

May 19, 2025

Rental Removed

$2,400

May 1, 2025

Listed for Rent

$2,400

APPFOLIO #2

Jul 3, 2026

Rental Removed

$1,850

Jul 1, 2026

Listed for Rent

$1,850

Nov 28, 2024

Rental Removed

$1,895

Nov 23, 2024

Listed for Rent

$1,895

Nov 15, 2024

Rental Removed

$1,950

Oct 5, 2024

Price Changed

$1,950

Oct 1, 2024

Price Changed

$2,000

Aug 26, 2024

Listed for Rent

$2,100

APPFOLIO #4

Nov 2, 2025

Rental Removed

$2,200

Oct 22, 2025

Listed for Rent

$2,200

Oct 3, 2025

Rental Removed

$2,250

Sep 10, 2025

Price Changed

$2,250

Jul 9, 2025

Listed for Rent

$2,400

RENT. #1

Jun 22, 2022

Price Changed

$1,000

FMLS #6756424

Sep 15, 2020

Sold

$1,890,000

Aug 5, 2020

Pending

—

Jul 23, 2020

Listed

$1,950,000

GAMLS #8826710

Sep 15, 2020

Sold

$1,890,000

Aug 5, 2020

Pending

—

Jul 23, 2020

Listed

$1,950,000

FMLS #6068398

Apr 1, 2019

Sold

$925,000

Feb 4, 2019

Pending

—

Dec 13, 2018

Pending

—

Nov 12, 2018

Contingent

—

Nov 9, 2018

Relisted

—

Oct 31, 2018

Contingent

—

Oct 9, 2018

Relisted

—

Oct 1, 2018

Contingent

—

Sep 27, 2018

Relisted

—

Sep 17, 2018

Contingent

—

Sep 17, 2018

Pending

—

Sep 6, 2018

Listed

$1,100,000

Fantastic 7 unit opportunity in the heart of Midtown! This great incoming producing property offers 7 units consisting of 1 bedrm and 1 bedroom studio apartments. Spacious building filled with charm and tons of original details. Alley access offers ample parking, skyline views and seconds from Piedmont Park. Walk to everything Midtown has to offer. Amazing upside potential so don’t miss this great opportunity in one of the most sought after neighborhoods.

GAMLS #8448429

Apr 1, 2019

Sold

$925,000

Nov 12, 2018

Pending

—

Nov 9, 2018

Relisted

—

Oct 31, 2018

Pending

—

Oct 9, 2018

Relisted

—

Oct 1, 2018

Pending

—

Sep 27, 2018

Relisted

—

Sep 17, 2018

Pending

—

Sep 6, 2018

Listed

$1,100,000

Public Records

Jul 11, 2007

Sold

$525,000

Public Records

Jul 25, 1985

Sold

$129,000

Year

Property tax

Land + Additions

Assessment*

2025

$27,779

$120,000 + $559,040

$679,040

2024

$27,800

$120,000 + $559,040

$679,040

2023

$27,807 (+1.2%)

$135,808 + $543,232

$679,040

2022

$27,481 (+189.0%)

$135,808 + $543,232

$679,040

2016

$9,508 (−0.3%)

$135,000 + $84,600

$219,600

2015

$9,532 (−4.3%)

$135,000 + $84,600

$219,600

2014

$9,956 (+2.0%)

$135,000 + $84,600

$219,600

2012

$9,757

$135,000 + $84,600

$219,600

2011

$9,758 (+0.6%)

$135,000 + $84,600

$219,600

2010

$9,699

$135,000 + $84,600

$219,600

2009

$9,699

$135,000 + $84,600

$219,600

2008

$9,699

$135,000 + $84,600

$219,600

Tax history for 720 Penn Ave NE

Year

Property tax

Land + Additions

Assessment*

2025

$27,779

$120,000 + $559,040

$679,040

2024

$27,800

$120,000 + $559,040

$679,040

2023

$27,807 (+1.2%)

$135,808 + $543,232

$679,040

2022

$27,481 (+189.0%)

$135,808 + $543,232

$679,040

2016

$9,508 (−0.3%)

$135,000 + $84,600

$219,600

2015

$9,532 (−4.3%)

$135,000 + $84,600

$219,600

2014

$9,956 (+2.0%)

$135,000 + $84,600

$219,600

2012

$9,757

$135,000 + $84,600

$219,600

2011

$9,758 (+0.6%)

$135,000 + $84,600

$219,600

2010

$9,699

$135,000 + $84,600

$219,600

2009

$9,699

$135,000 + $84,600

$219,600

2008

$9,699

$135,000 + $84,600

$219,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

7,500 Sq. Ft.

Year renovated

2011

Sq. Ft.

4,844

Year built

1920

Style

Multi-Family (5+ Unit)

County

Fulton County

APN

14 004900100234

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 9, 2026.

R-5

Two-Family Residential District

The intent of this chapter in establishing the R-5 Two-Family Residential District is as follows: To provide for the development of medium-density residential areas in a manner which will encourage owner occupancy of individual buildings and lots as well as provide variety in the rental housing stock available to residents of the city.; To encourage neighborhood maintenance and preservation by allowing the conversion of large single-family homes to two-family use.; To provide for development of the required recreational, religious and educational facilities as basic elements of a balanced community.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Educational/school

Property details

Parking

Parking Information
Parking Features: Driveway, Paved, Varies by Unit
Open Parking: Yes

Interior

Virtual Tour

Multi-Family Information
# Of Units Total: 6

Exterior

Property Information
Levels: Two
Construction Materials: Cement Siding
Roof: Composition
Property Condition: Resale
Green Energy Efficient: Thermostat

Lot Information
Waterfrontage Length: 0

Financial

Financial Information
Buyer Financing: Conventional

Utilities

Utility Information
Cooling: Ceiling Fan(s), Central Air, Zoned
Heating: Forced Air, Natural Gas
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available

Location

School Information
Elementary School: Springdale Park
Middle Or Junior School: David T Howard
High School: Midtown

Location Information
Directions: Please use GPS for directions.
Fulton

Community Information
Community Features: Homeowners Assoc, Park, Sidewalks, Street Lights

Public facts

Beds: —
Baths: —
Sq. Ft.: 4,844
Stories: —
Lot Size: 7,500 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1920
Year Renovated: 2011
County: Fulton County
APN: 14 004900100234

Home facts updated by county records on Oct 9, 2026

Around this home

Schools

K - 12
Preschool & daycare

Virginia-Highland Elementary School

Public PreK-5 • Assigned • 1.1mi

9/10

David T Howard Middle School

Public 6-8 • Assigned • 1.2mi

9/10

Midtown High School

Public 9-12 • Assigned • 0.7mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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

4/10 Wind Factor

22% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Atlanta, GA • 30308

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.4 hours in June and 5 hours in December, which is comparable to the U.S. average for solar exposure.

9.4 hrs

5 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 720 Penn Ave NE

Data from public records.

Address	Redfin Estimate
706 Penn Ave NE, Atlanta, GA 7 Beds \| 6 Baths \| 3700 Sq. Ft.	$1,319,381
736 Penn Ave NE, Atlanta, GA 5 Beds \| 4 Baths \| 3950 Sq. Ft.	$1,615,343

Address	Redfin Estimate
726 Penn Ave NE, Atlanta, GA 4 Beds \| 5 Baths \| 3452 Sq. Ft.	$1,369,360
740 Penn Ave NE, Atlanta, GA 3 Beds \| 2.5 Baths \| 2560 Sq. Ft.	$1,094,293

Address	Redfin Estimate
725 Penn Ave NE, Atlanta, GA 6 Beds \| 5.5 Baths \| 5857 Sq. Ft.	$2,240,853
715 Penn Ave NE, Atlanta, GA 5 Beds \| 4.5 Baths \| 4203 Sq. Ft.	$1,303,027

Property information provided by undefined .

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About this home

Redfin Estimate

Market trends in Midtown Atlanta, GA

Sale history for 720 Penn Ave NE

Tax history for 720 Penn Ave NE

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 30308

Home values near 720 Penn Ave NE

More real estate resources