$355,000

85 Meldon Avenue SE, Atlanta, GA 30315

3 beds |
2 baths |
1,232 sqft

Single-Family Home
Built in 1920
6,490sqft lot
—— car garage
$288/sqft
Listed 4 days ago

Property Description

This offering presents a prime opportunity to acquire a stabilized, income-producing residential investment property located in the rapidly revitalizing South Atlanta submarket. The asset consists of a 3-bedroom, 2-bath bungalow totaling approximately 1,232 square feet, situated on a corner lot with a large, level backyard and convenient off-street parking. Originally utilized as a short-term rental (Airbnb), the property has since transitioned into a long-term tenancy, providing consistent monthly income and reduced management intensity. The current lease ensures immediate cash flow upon acquisition, making this an ideal turnkey investment for both new and seasoned investors. The residence was built in 1920 and extensively updated to meet modern living standards while maintaining its classic architectural character. Interior improvements include refinished hardwood flooring, a fully updated kitchen with white cabinetry and stainless-steel appliances, upgraded bathrooms, and high ceilings throughout. The exterior features low-maintenance vinyl siding and a welcoming front porch that enhances curb appeal. Strategically positioned near Downtown Atlanta, Mercedes-Benz Stadium, Hartsfield-Jackson International Airport, and the Pittsburgh Yards redevelopment, the property benefits from strong rental demand and long-term appreciation potential within this rapidly improving corridor.

Listing Status:: Active
Date Added:: October 17, 2025 at 05:00AM
Listing Office:: Coldwell Banker Realty : 770-993-9200
Listing Agent:: Shantia Whitfield : 404-324-9139
MLS ID:: 10626933

General: Double VanityHigh CeilingsMaster On Main LevelTray Ceiling(s)
Appliances: Dishwasher
Laundry: Laundry Closet
Basement: None
Flooring: HardwoodTile
A/C: Ceiling Fan(s)Central Air
Heating: CentralElectricForced Air
Fireplace: Fireplaces: 0

Style: Bungalow/Cottage
Parking: Parking PadParking spaces: 3

Roofing: Composition
Windows: Double Pane Windows
General: Vinyl SidingOneSlab

HOA Amenities: 0.0
Originating MLS: Georgia MLS 2
County: Fulton

Zoning: 14 005700050172
View: CityView

Utilities: Cable AvailableElectricity AvailableHigh Speed InternetSewer AvailableWater Available220 VoltsElectricity on Property
Water: Public
Sewer: Public Sewer

Source: Georgia MLS 2

This listing courtesy of Shantia Whitfield, Coldwell Banker Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Slater Elementary School

1320 Pryor Rd SW, Atlanta, GA, 30315

Grades KG-5

0.56 miles away

Luther J. Price Middle School

1670 Benjamin Weldon Bickers Dr SE, Atlanta, GA, 30315

Grades 6-8

0.17 miles away

Early College High School at Carver

55 McDonough Blvd SE, Atlanta, GA, 30315

Grades 9-12

0.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.