Smyrna Multifamily Buyer
Sell Your Commercial Property In Smyrna, GA
We are an active buyer of Smyrna commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Smyrna Submarkets: Market Village · Vinings · Cumberland · Belmont Hills — Cobb County, GA
Market Snapshot
Renter Demand In Smyrna
Smyrna sits between Marietta and Atlanta, near the Cumberland office district and the I-75/I-285 interchange, and its rents run higher than its northern neighbor's. The Census Bureau's 2020–2024 American Community Survey counts 10,084 renter households, 40.6% of occupied homes, paying a median gross rent of $1,739 a month. Half of those renter households spend 30% or more of income on housing.
The apartment stock leans small: of 8,620 units in buildings with five or more apartments, 61.8% are in buildings of 5 to 19 units. Below are the figures and Cobb County tax rules that matter for owners near Market Village, Vinings, Cumberland or Belmont Hills. The city's median household income is $100,061, which supports rents above those in neighboring Marietta.
Cumberland and interstate access
Smyrna borders the Cumberland district and the I-75/I-285 interchange, and ACS 2020–2024 data put its median household income at $100,061, well above Marietta's $72,725.A sizable rental base
The 2020–2024 ACS counts 10,084 renter households in Smyrna, 40.6% of the city's 24,809 occupied homes, with a median gross rent of $1,739 a month.Small apartment buildings dominate
Buildings of 5 to 19 units hold 5,328 of Smyrna's 8,620 apartment units, while complexes of 50 or more hold only 1,407, per the 2020–2024 ACS.Our Buy Box
What We Buy In Smyrna
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Smyrna Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Smyrna
The 2020–2024 ACS counts 56,633 residents and 24,809 occupied homes in Smyrna: 14,725 owned and 10,084, or 40.6%, rented. The median household income is $100,061, compared with $72,725 in Marietta. Even so, 5,041 renter households, 50.0%, spend 30% or more of income on rent and utilities, and 2,751, or 27.3%, spend half or more. At the other end, 2,115 renter households, about 21.0%, spend under 20% of income on housing. Smyrna's renter share is lower than Marietta's 52.8%, but its renters pay more: the city's median gross rent is $153 higher.
Rents and the apartment stock
Median gross rent is $1,739 a month, about 20.9% of the median household income. HUD's FY2026 Fair Market Rents for the Atlanta area bracket it:
| Measure | Amount |
|---|---|
| HUD FMR, one-bedroom | $1,660 |
| HUD FMR, two-bedroom | $1,820 |
| Smyrna median gross rent | $1,739 |
| Units in 5 to 9 unit buildings | 2,846 |
| Units in 10 to 19 unit buildings | 2,482 |
| Units in 20 to 49 unit buildings | 1,885 |
| Units in 50+ unit buildings | 1,407 |
Buildings with five or more units hold 8,620 of 27,040 housing units, or 31.9%. Attached homes such as townhouses are unusually common at 4,724 units, 17.5% of the stock. The median unit was built in 1990, and the ACS counts 2,231 more housing units than occupied homes, about 8.3% of the stock, including homes for sale and seasonal units. The 8,620 units in 5+ unit buildings equal about 85% of the city's renter households, so apartments carry most, but not all, of the rental market; townhomes and houses supply the rest.
Property taxes in Cobb County
Georgia assesses property at 40% of fair market value as of January 1, with 45 days to appeal a notice, per the Department of Revenue. The 2025 millage report lists Cobb County at 8.460 mills, the Cobb County School District at 18.700 and the City of Smyrna at 8.990, for 36.150 mills, about 1.45% of market value, or roughly $28,900 a year on a $2 million building. Inside Marietta, with its own school system, the same three layers total 31.122 mills. The HB 581 homestead cap does not apply to rental property.
Landlord rules
O.C.G.A. 44-7-19 bars local rent control. The 2024 Safe at Home Act, summarized in the Georgia Landlord-Tenant Handbook, caps deposits at two months' rent, requires their return within 30 days and requires a three-business-day notice to pay before a dispossessory filing.
What this means if you own a building here
Higher rents than Marietta come with a heavier tax bill, so buyers will underwrite Smyrna buildings on net income after a 36-mill levy. The state transfer tax is $1 per $1,000. Skyline Capital Investments buys 5+ unit buildings in Smyrna and across Cobb County. Run your figures through our cap rate calculator or see how we make offers on our sell your apartment building page.
Before You Sell
Pricing Your Building In Smyrna
If you want to sell commercial property in Smyrna, GA, these points drive how we price the building.
More about selling in Georgia →Investing in Smyrna? See apartment syndications in Smyrna →
- Inside Smyrna, the 2025 Cobb County, Cobb school and city levies total 36.150 mills on 40% of value, about 1.45% of market value, roughly 5 mills more than inside Marietta.
- With 61.8% of 5+ unit housing in buildings of 5 to 19 units, the typical comparable sale in Smyrna is a small or mid-sized property, not a large complex.
- Half of Smyrna renter households, 50.0%, spend 30% or more of income on housing, a cost pressure buyers will weigh when they model rent growth.
- Georgia preempts rent control, and the 2024 Safe at Home Act caps deposits at two months' rent and requires a three-business-day notice to pay before filing.
Seller Guides
Smyrna Seller Situations
Learn More
Taxes & Rules For Smyrna Property
The Georgia rules that shape any deal in Smyrna: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Smyrna Seller FAQ
What is the average rent in Smyrna, GA?
The Census Bureau's 2020–2024 American Community Survey puts Smyrna's median gross rent, including utilities, at $1,739 a month, above Marietta's $1,586. HUD's FY2026 Fair Market Rents for the Atlanta-Sandy Springs-Roswell area are $1,660 for a one-bedroom and $1,820 for a two-bedroom.
How are apartment buildings taxed in Smyrna?
Georgia assesses property at 40% of fair market value. Georgia Department of Revenue data for 2025 list Cobb County at 8.460 mills, the Cobb County School District at 18.700 and the City of Smyrna at 8.990, for 36.150 mills. A $2 million building would owe about $28,900 a year, before any special district levy.
Does Smyrna have rent control?
No. O.C.G.A. 44-7-19 bars Georgia cities and counties from regulating rent amounts on private rental property. State landlord-tenant law governs deposits, notices and repairs.
What share of Smyrna residents rent?
About 40.6%. The 2020–2024 American Community Survey counts 10,084 renter households out of 24,809 occupied homes. Half of those renters, 50.0%, spend 30% or more of income on rent and utilities.
What if my Smyrna building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Cobb County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Can I sell rental property in Smyrna with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
How fast can I sell my apartment building in Smyrna?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Get An Offer Review In Smyrna
The simplest way to sell commercial property in Smyrna, GA is to send us the basics below.
A few details are enough to start. We respond to every Smyrna submission, including off-market and pocket listings.
