537 Sunset Ave

Marcus & Millichap is pleased to present for sale 537 Sunset Avenue NW, an 8-unit apartment building in Atlanta’s historic English Avenue neighborhood, less than a mile west of downtown. The property is offered at $1,349,000, or $168,625 per unit and $243 per square foot.

Built in 1961, the building contains eight two-bedroom, one-bath units averaging about 694 square feet. Electricity is tenant-paid. Seven of eight units are leased, and the three most recent leases, signed in July and August 2026, achieved $1,750 to $1,850 per month.

The offering pairs a 7.55% cap rate on trailing-12 NOI with $30,720 of identified annual rent upside. Most of that upside comes from leasing the vacant unit and resetting one at-will lease, not from market growth. The property sits on Sunset Avenue, where Dr. Martin Luther King Jr. raised his family, and is surrounded by more than $5 billion of public and private investment, from Centennial Yards downtown to new housing within English Avenue.