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$800,000

Est. payment - /mo

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4 Beds

4 Baths

3,833 Sqft Lot

New

537 Morgan ST NE Atlanta, GA 30308

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Zach Dobleman

zach@plainclothesrealtor.com +1(856) 655-4368

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Old Fourth Ward

MLS Listing ID 7690771

Style Bungalow

Bedrooms 4

Full Baths 4

Construction Status Resale

HOA Y/N No

Year Built 1920

Annual Tax Amount $6,083

Tax Year 2024

Lot Size 3,833 Sqft

Acres 0.088

Property Sub-Type Single Family Residence

Source First Multiple Listing Service

Property Description

Fantastic cash-flow investment opportunity! This high-performing triplex is fully occupied and generating strong returns, offering investors immediate income and minimal vacancy risk from day one. Ideal for both owner-occupants interested in "house hacking" and traditional investors, this property combines versatility, charm, and a prime location. The top-floor unit features a spacious single-family-style layout with 2 bedrooms, 2 bathrooms, a bonus room, separate living and dining areas, and a private backyard. Each of the two lower units offers 1 bedroom and 1 bathroom. Whether you plan to live in one unit while renting the others or pursue a straightforward rental strategy, this property balances character with solid investment fundamentals. Located just one block from Ponce City Market, the Beltline, and Historic Fourth Ward Park-with convenient access to major highways and public transportation-this triplex ensures exceptional walkability and connectivity. The property also allows short-term rentals, producing monthly income between $1,300-$2,200 per selected unit. In total, the property offers 4 bedrooms and 4 bathrooms across all units. With its prime location, strong performance, and flexible use options, this is a true gem for anyone seeking a lucrative and reliable investment.

Location

State GA

County Fulton

Area Old Fourth Ward

Lake Name None

Rooms

Bedroom Description None

Other Rooms None

Basement None

Main Level Bedrooms 2

Dining Room None

Kitchen Pantry

Interior

Interior Features Other

Heating Baseboard, Natural Gas

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Laminate, Tile

Fireplaces Number 1

Fireplaces Type Living Room

Equipment None

Window Features Window Treatments

Appliance Other

Laundry Other

Exterior

Exterior Feature None

Parking Features None

Fence None

Pool None

Community Features Other

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition

Street Surface None

Accessibility None

Handicap Access None

Porch None

Private Pool false

Building

Lot Description Level

Story Two

Foundation None

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories Two

Structure Type Concrete,Stucco

Construction Status Resale

Schools

Elementary Schools John Hope-Charles Walter Hill

Middle Schools David T Howard

High Schools Midtown

Others

Senior Community no

Restrictions false

Listed by Realty One Group Edge

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Zach Dobleman

Agent | License ID: 425779

+1(856) 655-4368