2148 Meador Ave SE · Atlanta, GA 30315

$299,000

3 bd · 2.0 ba · 1,054 sqft · SingleFamily public records · 72 Days on market

Built 1959 0.33 ac lot Est $322k · 7% under

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +10.7/15.0
• Cash flow +5.9/30.0
• Livability +4.2/5.0
• Rent growth +3.3/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• 1% rule +1.3/10.0
• DSCR +0.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Incredible investment opportunity in Historic Lakewood Heights featuring a rare grandfathered duplex with triplex potential in one of Atlanta’s fastest-growing redevelopment corridors. This solid four-sided brick property includes two fully renovated main-level units, each configured as a 1-bedroom, 1-bath residence. Unit A offers approximately 600 square feet and has rental income potential of $1,500 per month or more, while Unit B is also a 1-bedroom, 1-bath unit with similar income potential of approximately $1,500 per month or more. The unfinished basement presents significant value-add potential with space suitable for conversion into a third studio apartment, with an estimated renovation cost of approximately $35,000 according to the seller’s contractor bid. Once completed, the property could generate approximately $4,500 per month in gross rental income across three units. This setup also presents an attractive house-hacking opportunity for an owner-occupant utilizing FHA 203(k) financing, allowing a buyer to live in one unit while renting the others to offset the mortgage. The property offers ample storage space along with a basement area ideal for a home gym, workshop, or additional living space. Ideally located just minutes from East Atlanta Village, Summerhill, Grant Park, Lakewood Amphitheater, Lakewood Stadium, parks, dining, and shopping, the home also offers convenient access to I-75 and I-20, Mercedes-Benz Stadium, Downtown Atlanta, and Hartsfield-Jackson International Airport. South Bend Park and the scenic Southtowne Trail are only minutes away, offering miles of walking trails, access to the Swann Nature Preserve, and beautiful views along the South River. Positioned in the heart of a rapidly developing area surrounded by new construction and revitalization, this property represents a rare opportunity to secure a flexible income-producing asset with strong rental potential and long-term appreciation, all within easy reach of intown Atlanta amenities.

Key facts

• Ample storage space
• Triplex potential
• Separate gas meters

Tags

• GRANDFATHERED DUPLEX
• TRIPLEX POTENTIAL
• FULLY RENOVATED UNITS
• UNFINISHED BASEMENT
• SEPARATE GAS METERS
• AMPLE STORAGE SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $-578 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $197k (34.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $188k (37.2% below list).
• Recommended offer: $188k (37.2% below list) — sets the bar for 1% rule.
• Cap rate 4.0% vs local median 3.1% in Atlanta — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 83/100 on livability (#6 in GA, #919 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: schools C-, cost of living C-.
• Atlanta Public Schools (urban): math 28% / reading 35% proficiency, ranked #80 of 174 in GA (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.2%/yr); 378 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 11,565 units permitted in Fulton County in 2024 (8,159 in 5+ unit buildings).
• This rent runs 44% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Fulton County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
• 28 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $115k; list at $299k implies a 160% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 25% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $187,891 (37.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 37% concession, seller financing, or rate buy-down credit?
3. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.63% ✗
• Cap rate: 3.97%
• Cash-on-cash: -8.29%
• DSCR: 0.63
• GRM: 13.3

CMA / ARV

• ARV (median comp): $321,906
• List price: $299,000
• Delta: -7.12%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
209 Harper Rd SE	0.12mi	3/2.0	1,059 (+0%)	2mo	$253,000	$239	92
445 Carey Dr SE	0.36mi	3/2.0	1,064 (+1%)	0mo	$234,000	$220	81
97 Harper Rd SE	0.28mi	3/1.5	1,025 (-3%)	1mo	$154,680	$151	79
172 Meador Way SE	0.23mi	3/2.0	1,000 (-5%)	3mo	$138,900	$139	78
2361 Swallow Cir SE	0.42mi	3/2.0	1,025 (-3%)	1mo	$199,900	$195	75
287 Banberry Dr	0.56mi	3/2.0	1,025 (-3%)	0mo	$225,000	$220	69
366 Wyndham Way SE	0.29mi	3/1.0	1,147 (+9%)	2mo	$187,000	$163	66
1825 Shadydale Ave SE	0.68mi	3/1.5	1,046 (-1%)	0mo	$155,000	$148	65
2286 Carey Dr SE	0.66mi	3/1.0	1,048 (-1%)	1mo	$102,500	$98	64
2203 Jernigan Dr SE	0.44mi	3/1.0	1,114 (+6%)	4mo	$177,000	$159	63
305 Banberry Dr SE	0.58mi	3/1.0	1,000 (-5%)	3mo	$135,000	$135	58
2239 Carey Dr SE	0.60mi	3/1.0	1,110 (+5%)	4mo	$145,000	$131	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.23% rent growth · sell at horizon

5-year hold

• IRR: -30.6%
• Equity multiple: -0.01×
• Total profit: $-84,831
• Equity at exit: $44,582

10-year hold

• IRR: -31.9%
• Equity multiple: -0.43×
• Total profit: $-119,407
• Equity at exit: $25,852

Cash invested: $83,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Georgia: 90 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

Magistrate court evictions in 10-30 days; no rent control; preempted; few tenant protections.

Methodology + full state rankings →

ZIP-level market 30315

• Rents YoY: 3.2%
• Active inventory: 378
• Price-to-rent: 13.3×

Monthly cashflow live

• Estimated rent: $1,879 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$370 /mo · $4,443/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $-578

Break-even live

Break-even rent $2,611

Max offer price $196,813

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
76 Schell Rd SE Atlanta, GA	3.0	1.0	1080	$1,623	$1.50	24d	1	0.09mi
172 Meador Way SE Atlanta, GA	3.0	2.0	1100	$1,950	$1.77	24d	1	0.21mi
386 Lindsey Dr SE Atlanta, GA	3.0	1.0	1040	$1,808	$1.74	15d	1	0.22mi
2087 Lakewood Trl SE Atlanta, GA	3.0	2.5	1056	$2,256	$2.14	24d	1	0.32mi
340 Adelle St SE Atlanta, GA	3.0	1.0	1122	$1,500	$1.34	3d	1	0.37mi
1875 Conrad Ave SE Atlanta, GA	3.0	2.0	1088	$1,803	$1.66	22d	1	0.50mi
2332 Baywood Dr SE Atlanta, GA	3.0	2.0	1100	$1,400	$1.27	18d	1	0.51mi
2145 Macon Dr SW Atlanta, GA	3.0	1.0	1059	$1,450	$1.37	24d	1	0.57mi
73 Polar Rock Rd SW Atlanta, GA	3.0	1.0	1098	$1,850	$1.68	10d	1	0.63mi
136 Hillsdale Dr SE Atlanta, GA	3.0	2.0	1075	$1,995	$1.86	24d	1	0.64mi
52 Claire Dr SE Atlanta, GA	2.0	2.0	800	$1,750	$2.19	18d	1	0.74mi
1770 Richmond Cir SE Unit 1000E Atlanta, GA	2.0	2.0	1200	$1,365	$1.14	24d	1	0.76mi
1770 Richmond Cir SE Unit 500F Atlanta, GA	2.0	2.0	1200	$1,750	$1.46	24d	1	0.76mi
585 McWilliams Rd SE #104 Atlanta, GA	2.0	3.0	1500	$2,078	$1.39	20d	1	0.80mi
2197 Polar Rock Pl SW Atlanta, GA	3.0	2.5	1000	$2,700	$2.70	20d	1	0.80mi
1754 Richmond Cir SE Atlanta, GA	2.0	2.0	1200	$1,750	$1.46	7d	2	0.82mi
2268 Polar Rock Pl SW Atlanta, GA	3.0	1.0	925	$1,575	$1.70	24d	1	0.84mi
2694 Fairlane Dr SE Atlanta, GA	4.0	2.0	1372	$2,800	$2.04	24d	1	1.02mi
41 Meldon Ave SE Atlanta, GA	4.0	1.5	1323	$1,495	$1.13	16d	1	1.10mi
250 Amal Dr SW #7009 Atlanta, GA	3.0	2.5	1440	$1,850	$1.28	7d	1	1.11mi
2019 Pryor Rd SW Atlanta, GA	2.0	2.5	1449	$2,600	$1.79	24d	1	1.13mi
445 Cleveland Ave SE Atlanta, GA	2.0–3.0	1.0–2.0	1014	$1,591	$1.57	1d	13	1.15mi
245 Amal Dr SW #3004 Atlanta, GA	2.0	2.0	1402	$1,800	$1.28	22d	1	1.17mi
1515 Jonesboro Rd SE Atlanta, GA	3.0	2.0	1360	$2,300	$1.69	12d	1	1.18mi
200 Guerin Rd Holly Springs, NC	2.0–3.0	1.0–1.5	947	$1,349	$1.42	22d	1	1.22mi
871 Hargis St SE Atlanta, GA	2.0	2.0	1040	$1,800	$1.73	24d	1	1.25mi
91 Thirkield Ave SE Atlanta, GA	2.0	1.0	1092	$1,995	$1.83	24d	1	1.30mi
95 Thirkield Ave SE Atlanta, GA	3.0	2.0	1096	$1,850	$1.69	16d	1	1.31mi
1455 Jonesboro Rd SE Atlanta, GA	2.0	1.0	700	$2,000	$2.86	24d	1	1.31mi
976 McKay Dr SE Atlanta, GA	3.0	1.0	1200	$1,695	$1.41	3d	1	1.31mi
402 McDonough Blvd SE Atlanta, GA	3.0	3.5	1270	$2,350	$1.85	24d	1	1.35mi
2745 Old Hapeville Rd SW Atlanta, GA	2.0–3.0	2.0	1007	$1,375	$1.36	15d	1	1.36mi
117 Thayer Ave SE Atlanta, GA	3.0	1.0	1241	$1,666	$1.34	14d	1	1.37mi
2786 Old Hapeville Rd SW Atlanta, GA	2.0	1.5	1050	$1,150	$1.10	24d	1	1.38mi
1979 Turner Rd SE Atlanta, GA	3.0	1.0	808	$1,595	$1.97	10d	1	1.44mi
1037 Rebel Forest Dr SE Atlanta, GA	3.0	2.0	1075	$1,750	$1.63	24d	1	1.44mi
752 McDonough Blvd SE Atlanta, GA	3.0	2.0	1120	$1,895	$1.69	24d	1	1.46mi

Listing history 50 events

1. 2026-06-04
   status $299,000 Pending 72 DOM
2. 2026-06-03
   days on market $299,000 Active 72 DOM
3. 2026-06-02
   days on market $299,000 Active 71 DOM
4. 2026-06-01
   days on market $299,000 Active 70 DOM
5. 2026-05-31
   days on market $299,000 Active 69 DOM
6. 2026-05-05
   status Active 2015-char remark

   Show marketing remark (2003 chars)

   Incredible investment opportunity in Historic Lakewood Heights featuring a rare grandfathered duplex with triplex potential in one of Atlanta's fastest-growing redevelopment corridors. This solid four-sided brick property includes two fully renovated main-level units, each configured as a 1-bedroom, 1-bath residence. Unit A offers approximately 600 square feet and has rental income potential of $1,500 per month or more, while Unit B is also a 1-bedroom, 1-bath unit with similar income potential of approximately $1,500 per month or more. The unfinished basement presents significant value-add potential with space suitable for conversion into a third studio apartment, with an estimated renovation cost of approximately $35,000 according to the seller's contractor bid. Once completed, the property could generate approximately $4,500 per month in gross rental income across three units. This setup also presents an attractive house-hacking opportunity for an owner-occupant utilizing FHA 203(k) financing, allowing a buyer to live in one unit while renting the others to offset the mortgage. The property offers ample storage space along with a basement area ideal for a home gym, workshop, or additional living space. Ideally located just minutes from East Atlanta Village, Summerhill, Grant Park, Lakewood Amphitheater, Lakewood Stadium, parks, dining, and shopping, the home also offers convenient access to I-75 and I-20, Mercedes-Benz Stadium, Downtown Atlanta, and Hartsfield-Jackson International Airport. South Bend Park and the scenic Southtowne Trail are only minutes away, offering miles of walking trails, access to the Swann Nature Preserve, and beautiful views along the South River. Positioned in the heart of a rapidly developing area surrounded by new construction and revitalization, this property represents a rare opportunity to secure a flexible income-producing asset with strong rental potential and long-term appreciation, all within easy reach of intown Atlanta amenities.

7. 2026-05-05
   listed $299,000 Active 2003-char remark

   Show marketing remark (2003 chars)

   Incredible investment opportunity in Historic Lakewood Heights featuring a rare grandfathered duplex with triplex potential in one of Atlanta's fastest-growing redevelopment corridors. This solid four-sided brick property includes two fully renovated main-level units, each configured as a 1-bedroom, 1-bath residence. Unit A offers approximately 600 square feet and has rental income potential of $1,500 per month or more, while Unit B is also a 1-bedroom, 1-bath unit with similar income potential of approximately $1,500 per month or more. The unfinished basement presents significant value-add potential with space suitable for conversion into a third studio apartment, with an estimated renovation cost of approximately $35,000 according to the seller's contractor bid. Once completed, the property could generate approximately $4,500 per month in gross rental income across three units. This setup also presents an attractive house-hacking opportunity for an owner-occupant utilizing FHA 203(k) financing, allowing a buyer to live in one unit while renting the others to offset the mortgage. The property offers ample storage space along with a basement area ideal for a home gym, workshop, or additional living space. Ideally located just minutes from East Atlanta Village, Summerhill, Grant Park, Lakewood Amphitheater, Lakewood Stadium, parks, dining, and shopping, the home also offers convenient access to I-75 and I-20, Mercedes-Benz Stadium, Downtown Atlanta, and Hartsfield-Jackson International Airport. South Bend Park and the scenic Southtowne Trail are only minutes away, offering miles of walking trails, access to the Swann Nature Preserve, and beautiful views along the South River. Positioned in the heart of a rapidly developing area surrounded by new construction and revitalization, this property represents a rare opportunity to secure a flexible income-producing asset with strong rental potential and long-term appreciation, all within easy reach of intown Atlanta amenities.

8. 2026-04-30
   soldstatus Sold 2003-char remark

   Show marketing remark (2003 chars)

   Incredible investment opportunity in Historic Lakewood Heights featuring a rare grandfathered duplex with triplex potential in one of Atlanta's fastest-growing redevelopment corridors. This solid four-sided brick property includes two fully renovated main-level units, each configured as a 1-bedroom, 1-bath residence. Unit A offers approximately 600 square feet and has rental income potential of $1,500 per month or more, while Unit B is also a 1-bedroom, 1-bath unit with similar income potential of approximately $1,500 per month or more. The unfinished basement presents significant value-add potential with space suitable for conversion into a third studio apartment, with an estimated renovation cost of approximately $35,000 according to the seller's contractor bid. Once completed, the property could generate approximately $4,500 per month in gross rental income across three units. This setup also presents an attractive house-hacking opportunity for an owner-occupant utilizing FHA 203(k) financing, allowing a buyer to live in one unit while renting the others to offset the mortgage. The property offers ample storage space along with a basement area ideal for a home gym, workshop, or additional living space. Ideally located just minutes from East Atlanta Village, Summerhill, Grant Park, Lakewood Amphitheater, Lakewood Stadium, parks, dining, and shopping, the home also offers convenient access to I-75 and I-20, Mercedes-Benz Stadium, Downtown Atlanta, and Hartsfield-Jackson International Airport. South Bend Park and the scenic Southtowne Trail are only minutes away, offering miles of walking trails, access to the Swann Nature Preserve, and beautiful views along the South River. Positioned in the heart of a rapidly developing area surrounded by new construction and revitalization, this property represents a rare opportunity to secure a flexible income-producing asset with strong rental potential and long-term appreciation, all within easy reach of intown Atlanta amenities.

9. 2026-04-27
   status Under Contract 2003-char remark

   Show marketing remark (2015 chars)

   Incredible investment opportunity in Historic Lakewood Heights featuring a rare grandfathered duplex with triplex potential in one of Atlanta’s fastest-growing redevelopment corridors. This solid four-sided brick property includes two fully renovated main-level units, each configured as a 1-bedroom, 1-bath residence. Unit A offers approximately 600 square feet and has rental income potential of $1,500 per month or more, while Unit B is also a 1-bedroom, 1-bath unit with similar income potential of approximately $1,500 per month or more. The unfinished basement presents significant value-add potential with space suitable for conversion into a third studio apartment, with an estimated renovation cost of approximately $35,000 according to the seller’s contractor bid. Once completed, the property could generate approximately $4,500 per month in gross rental income across three units. This setup also presents an attractive house-hacking opportunity for an owner-occupant utilizing FHA 203(k) financing, allowing a buyer to live in one unit while renting the others to offset the mortgage. The property offers ample storage space along with a basement area ideal for a home gym, workshop, or additional living space. Ideally located just minutes from East Atlanta Village, Summerhill, Grant Park, Lakewood Amphitheater, Lakewood Stadium, parks, dining, and shopping, the home also offers convenient access to I-75 and I-20, Mercedes-Benz Stadium, Downtown Atlanta, and Hartsfield-Jackson International Airport. South Bend Park and the scenic Southtowne Trail are only minutes away, offering miles of walking trails, access to the Swann Nature Preserve, and beautiful views along the South River. Positioned in the heart of a rapidly developing area surrounded by new construction and revitalization, this property represents a rare opportunity to secure a flexible income-producing asset with strong rental potential and long-term appreciation, all within easy reach of intown Atlanta amenities.

10. 2026-04-27
    status Pending 2015-char remark

    Show marketing remark (2015 chars)

    Incredible investment opportunity in Historic Lakewood Heights featuring a rare grandfathered duplex with triplex potential in one of Atlanta’s fastest-growing redevelopment corridors. This solid four-sided brick property includes two fully renovated main-level units, each configured as a 1-bedroom, 1-bath residence. Unit A offers approximately 600 square feet and has rental income potential of $1,500 per month or more, while Unit B is also a 1-bedroom, 1-bath unit with similar income potential of approximately $1,500 per month or more. The unfinished basement presents significant value-add potential with space suitable for conversion into a third studio apartment, with an estimated renovation cost of approximately $35,000 according to the seller’s contractor bid. Once completed, the property could generate approximately $4,500 per month in gross rental income across three units. This setup also presents an attractive house-hacking opportunity for an owner-occupant utilizing FHA 203(k) financing, allowing a buyer to live in one unit while renting the others to offset the mortgage. The property offers ample storage space along with a basement area ideal for a home gym, workshop, or additional living space. Ideally located just minutes from East Atlanta Village, Summerhill, Grant Park, Lakewood Amphitheater, Lakewood Stadium, parks, dining, and shopping, the home also offers convenient access to I-75 and I-20, Mercedes-Benz Stadium, Downtown Atlanta, and Hartsfield-Jackson International Airport. South Bend Park and the scenic Southtowne Trail are only minutes away, offering miles of walking trails, access to the Swann Nature Preserve, and beautiful views along the South River. Positioned in the heart of a rapidly developing area surrounded by new construction and revitalization, this property represents a rare opportunity to secure a flexible income-producing asset with strong rental potential and long-term appreciation, all within easy reach of intown Atlanta amenities.

11. 2026-03-15
    listed $299,000 Active 2015-char remark

    Show marketing remark (2003 chars)

    Incredible investment opportunity in Historic Lakewood Heights featuring a rare grandfathered duplex with triplex potential in one of Atlanta's fastest-growing redevelopment corridors. This solid four-sided brick property includes two fully renovated main-level units, each configured as a 1-bedroom, 1-bath residence. Unit A offers approximately 600 square feet and has rental income potential of $1,500 per month or more, while Unit B is also a 1-bedroom, 1-bath unit with similar income potential of approximately $1,500 per month or more. The unfinished basement presents significant value-add potential with space suitable for conversion into a third studio apartment, with an estimated renovation cost of approximately $35,000 according to the seller's contractor bid. Once completed, the property could generate approximately $4,500 per month in gross rental income across three units. This setup also presents an attractive house-hacking opportunity for an owner-occupant utilizing FHA 203(k) financing, allowing a buyer to live in one unit while renting the others to offset the mortgage. The property offers ample storage space along with a basement area ideal for a home gym, workshop, or additional living space. Ideally located just minutes from East Atlanta Village, Summerhill, Grant Park, Lakewood Amphitheater, Lakewood Stadium, parks, dining, and shopping, the home also offers convenient access to I-75 and I-20, Mercedes-Benz Stadium, Downtown Atlanta, and Hartsfield-Jackson International Airport. South Bend Park and the scenic Southtowne Trail are only minutes away, offering miles of walking trails, access to the Swann Nature Preserve, and beautiful views along the South River. Positioned in the heart of a rapidly developing area surrounded by new construction and revitalization, this property represents a rare opportunity to secure a flexible income-producing asset with strong rental potential and long-term appreciation, all within easy reach of intown Atlanta amenities.

12. 2026-03-15
    listed $299,000 New 2003-char remark

    Show marketing remark (2003 chars)

    Incredible investment opportunity in Historic Lakewood Heights featuring a rare grandfathered duplex with triplex potential in one of Atlanta's fastest-growing redevelopment corridors. This solid four-sided brick property includes two fully renovated main-level units, each configured as a 1-bedroom, 1-bath residence. Unit A offers approximately 600 square feet and has rental income potential of $1,500 per month or more, while Unit B is also a 1-bedroom, 1-bath unit with similar income potential of approximately $1,500 per month or more. The unfinished basement presents significant value-add potential with space suitable for conversion into a third studio apartment, with an estimated renovation cost of approximately $35,000 according to the seller's contractor bid. Once completed, the property could generate approximately $4,500 per month in gross rental income across three units. This setup also presents an attractive house-hacking opportunity for an owner-occupant utilizing FHA 203(k) financing, allowing a buyer to live in one unit while renting the others to offset the mortgage. The property offers ample storage space along with a basement area ideal for a home gym, workshop, or additional living space. Ideally located just minutes from East Atlanta Village, Summerhill, Grant Park, Lakewood Amphitheater, Lakewood Stadium, parks, dining, and shopping, the home also offers convenient access to I-75 and I-20, Mercedes-Benz Stadium, Downtown Atlanta, and Hartsfield-Jackson International Airport. South Bend Park and the scenic Southtowne Trail are only minutes away, offering miles of walking trails, access to the Swann Nature Preserve, and beautiful views along the South River. Positioned in the heart of a rapidly developing area surrounded by new construction and revitalization, this property represents a rare opportunity to secure a flexible income-producing asset with strong rental potential and long-term appreciation, all within easy reach of intown Atlanta amenities.

13. 2025-05-29
    historical
14. 2025-05-29
    historical
15. 2025-05-24
    price $325,000
16. 2025-05-24
    price $325,000
17. 2025-05-20
    price $309,000
18. 2025-05-20
    price $309,000
19. 2025-05-09
    listed $325,000 New
20. 2025-05-08
    listed $325,000 Active
21. 2025-03-31
    historical
22. 2025-03-31
    historical
23. 2024-12-07
    listed $299,900 Active
24. 2024-12-07
    listed $299,900 New
25. 2024-11-29
    historical
26. 2024-11-29
    historical
27. 2024-11-29
    historical
28. 2024-11-29
    historical
29. 2024-10-25
    status Back On Market
30. 2024-10-25
    status Active
31. 2024-10-25
    status Active
32. 2024-10-25
    status Back On Market
33. 2024-10-17
    historical
34. 2024-10-17
    historical
35. 2024-10-10
    historical Active Under Contract
36. 2024-10-10
    historical Active Under Contract
37. 2024-10-10
    historical Active Under Contract
38. 2024-10-10
    historical Active Under Contract
39. 2024-10-07
    price $299,000
40. 2024-10-07
    price $299,000
41. 2024-10-07
    price $299,000
42. 2024-10-07
    price $299,000
43. 2024-09-19
    status Back On Market
44. 2024-09-19
    status Back On Market
45. 2024-09-16
    status Active
46. 2024-09-16
    status Active
47. 2024-09-12
    historical On Hold
48. 2024-09-12
    historical On Hold
49. 2024-08-12
    price $289,900
50. 2024-08-12
    price $289,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast GA · Resets to sale price

• Current annual tax: $4,443 · $370/mo
• Projected year-2 tax: $4,443 · $370/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,547
• − Mortgage interest: −$16,749
• − Property taxes: −$4,443
• − Insurance: −$1,495
• − Repairs & maintenance: −$1,804
• − Management: −$1,804
• − Depreciation: −$8,698
• Taxable loss: −$12,445
• Est. tax savings @ 24.0%: +$2,987
• After-tax cash flow: $-3,955/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Atlanta Public Schools
• NCES district ID: 1300120
• Math proficiency: 28% ▼ -6.00%
• Reading proficiency: 35% ▼ -2.00%
• Median HH income: $48,306
• Composite: 27.27/100
• National rank: #7006
• State rank: #80 of 174 in GA

Livability — Atlanta

• Score: 83/100
• State rank: #6
• US rank: #919

Category grades

Amenities A+ Commute A+ Cost of living C- Crime A Employment B Housing A+ Health & safety A- User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Atlanta, GA
• County: Fulton County · 1,094,430 people
• City population: 629,525
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 34,264
• Household income: $50,822
• Rent vs Own: 56.7% rent · 43.3% own
• Severe rent burden: 2962.0

Population outlook (Fulton County) Hauer SSP2

• Today (2025): 1,203,707 people
• By 2030: 1,299,706 · +8.0%
• By 2040: 1,488,256 · +23.6%
• By 2050: 1,664,580 · +38.3%
• By 2075: 2,036,072 · +69.2%
• By 2100: 2,222,402 · +84.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (72%)
• Race & ethnicity: Black 72% White 14% Hispanic / Latino 10% Two or more races 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 1% Italian 1% Lithuanian 1%
• Foreign-born: 5% · Canada
• Languages at home: 90% English-only · Spanish 9% French/Haitian/Cajun 1%

Political lean MEDSL · Fulton

• 2024 margin: Solid D (+44.9) · D 71.9% · R 27.0% · Other 1.1%
• 2008→2024 swing: +9.8pp toward D · 2008: 35.0pp · 2024: 44.9pp
• All cycles: 2024: D+44.9 2020: D+46.4 2016: D+42.1 2012: D+29.6 2008: D+35.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -281.87%
• Current HPI: 176.673
• Rent YoY: ▲ 3.23%
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• State GDP YoY: ▲ 2.66%
• F500 in state: 28

Industry mix (Fortune 500 HQ in GA)

Industry	F500 HQs	Revenue
▸Paper / Packaging	2	$29B
▸Retail	1	$160B
▸Transportation / Logistics	1	$91B
▸Airlines	1	$62B
▸Consumer Goods	1	$47B
▸Utilities	1	$25B

Price history

+160.0% since first listed

70 events — show timeline

• 2026-05-05 Relisted — FMLS
• 2026-05-05 Listed $299,000 GAMLS
• 2026-04-30 Sold (MLS) — GAMLS
• 2026-04-27 Pending — GAMLS
• 2026-04-27 Pending — FMLS
• 2026-03-15 Listed $299,000 GAMLS
• 2026-03-15 Listed $299,000 FMLS
• 2025-05-29 Listing Removed — GAMLS
• 2025-05-29 Listing Removed — FMLS
• 2025-05-24 Price Changed $325,000 GAMLS
• 2025-05-24 Price Changed $325,000 FMLS
• 2025-05-20 Price Changed $309,000 GAMLS
• 2025-05-20 Price Changed $309,000 FMLS
• 2025-05-09 Listed $325,000 GAMLS
• 2025-05-08 Listed $325,000 FMLS
• 2025-03-31 Listing Removed — GAMLS
• 2025-03-31 Listing Removed — FMLS
• 2024-12-07 Listed $299,900 GAMLS
• 2024-12-07 Listed $299,900 FMLS
• 2024-11-29 Listing Removed — FMLS
• 2024-11-29 Listing Removed — GAMLS
• 2024-11-29 Listing Removed — FMLS
• 2024-11-29 Listing Removed — GAMLS
• 2024-10-25 Relisted — GAMLS
• 2024-10-25 Relisted — FMLS
• 2024-10-25 Relisted — FMLS
• 2024-10-25 Relisted — GAMLS
• 2024-10-17 Listing Removed — GAMLS
• 2024-10-17 Listing Removed — GAMLS
• 2024-10-10 Contingent — GAMLS
• 2024-10-10 Contingent — GAMLS
• 2024-10-10 Contingent — FMLS
• 2024-10-10 Contingent — FMLS
• 2024-10-07 Price Changed $299,000 GAMLS
• 2024-10-07 Price Changed $299,000 FMLS
• 2024-10-07 Price Changed $299,000 GAMLS
• 2024-10-07 Price Changed $299,000 FMLS
• 2024-09-19 Relisted — GAMLS
• 2024-09-19 Relisted — GAMLS
• 2024-09-16 Relisted — FMLS
• 2024-09-16 Relisted — FMLS
• 2024-09-12 Delisted — GAMLS
• 2024-09-12 Delisted — GAMLS
• 2024-08-12 Price Changed $289,900 GAMLS
• 2024-08-12 Price Changed $289,900 GAMLS
• 2024-08-12 Price Changed $289,900 FMLS
• 2024-08-12 Price Changed $289,900 FMLS
• 2024-08-08 Listed $329,000 FMLS
• 2024-08-08 Listed $329,000 GAMLS
• 2024-08-08 Listed $329,000 FMLS
• 2024-08-08 Listed $329,000 GAMLS
• 2024-07-22 Listing Removed — GAMLS
• 2024-07-22 Listing Removed — GAMLS
• 2024-07-22 Listing Removed — FMLS
• 2024-07-22 Listing Removed — FMLS
• 2024-07-10 Price Changed $329,000 GAMLS
• 2024-07-10 Price Changed $329,000 GAMLS
• 2024-07-10 Price Changed $329,000 FMLS
• 2024-07-10 Price Changed $329,000 FMLS
• 2024-06-19 Relisted — GAMLS
• 2024-06-19 Relisted — GAMLS
• 2024-06-19 Relisted — FMLS
• 2024-06-19 Relisted — FMLS
• 2024-06-18 Delisted — GAMLS
• 2024-06-18 Delisted — GAMLS
• 2024-06-03 Listed $350,000 GAMLS
• 2024-06-03 Listed $350,000 GAMLS
• 2024-06-03 Listed $350,000 FMLS
• 2024-06-03 Listed $350,000 FMLS
• 2024-01-17 Sold (Public Records) $115,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $4,443 · +4.3% YoY. Source: county tax records.