511 Elm Street Northwest

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Address: 511 Elm St NW, Atlanta, GA 30318, USA
Atlanta & Southeast + Land/Development
Created date: October 23, 2026
Date last updated: October 23, 2026
Price: $4,000,000Investment Analyzer NEW!
  • 40 units across two parcels: 24 townhomes (SA3) + 16 duplex units (SA2)
  • ±[1.35] acres · [58,608] SF combined
  • SPI-3 English Avenue zoning; townhomes and duplexes permitted by right [verify]
  • [Utilities in place: water, sewer, power]
  • One block from the Westside BeltLine Connector
  • Minutes to Georgia Tech, Midtown and Downtown via North Ave and Northside Dr
  • Fits for-sale townhome builders, duplex and build-to-rent builders, and Westside infill developers

Property Description

Coldwell Banker Commercial Metro Brokers is pleased to offer the Westside Townhome & Duplex Assemblage, ±[1.35] acres across two parcels on Elm St NW in Atlanta's English Avenue neighborhood. The 511 Elm St NW parcel is zoned SPI-3 SA3, which permits multifamily, single family and duplex use at a 1.0 FAR, supporting 24 townhomes. The second parcel is zoned SPI-3 SA2, permitting single family and duplex use, supporting 16 duplex units. Both parcels front Elm St NW between North Ave NW and Cameron M Alexander Blvd NW. [Water, sewer and power are in place at the site.] A builder can take one site, one approval path and one closing to 40 for-sale or build-to-rent units, one block from the Westside BeltLine Connector.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Price: $4,000,000
Lot Size: 1.31 Acres
Opportunity Zone: No
Property Website Click Here
Address: 511 Elm Street Northwest, Atlanta, GA 30318, USA
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Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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