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.
Active
Price cut: $50K (12/8)
$305,000
85 Meldon Ave SE, Atlanta, GA 30315
3beds
1,232sqft
Est.:
Single Family Residence
Built in 1920
6,490.44 Square Feet Lot
$299,800 Zestimate®
$248/sqft
$-- HOA
What's special
Large level backyardOff-street parkingUpgraded bathroomsCorner lotRefinished hardwood flooring
- 55 days |
- 249 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: 12 hours ago
Listed by:
Shantia Whitfield 404-324-9139,
Coldwell Banker Realty
Source: GAMLS,MLS#: 10626933
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Foyer, Other
Kitchen
- Features: Breakfast Bar, Pantry
Heating
- Central, Electric, Forced Air
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher
- Laundry: Laundry Closet
Features
- Double Vanity, High Ceilings, Master On Main Level, Tray Ceiling(s)
- Flooring: Hardwood, Tile
- Windows: Double Pane Windows
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,232
- Total interior livable area: 1,232 sqft
- Finished area above ground: 1,232
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Has view: Yes
- View description: City
- Body of water: None
Lot
- Size: 6,490.44 Square Feet
- Features: Corner Lot, Level
Details
- Parcel number: 14 005700050172
- Special conditions: Investor Owned
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow/Cottage
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, High Speed Internet, Sewer Available, Water Available
Community & HOA
Community
- Features: None
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: South Atlanta
HOA
- Has HOA: No
- Services included: None
Location
- Region: Atlanta
Financial & listing details
- Price per square foot: $248/sqft
- Tax assessed value: $314,100
- Annual tax amount: $5,144
- Date on market: 10/17/2025
- Cumulative days on market: 55 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Assumable,Cash,Conventional
- Electric utility on property: Yes
Estimated market value
$299,800
$285,000 - $315,000
$2,025/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/8/2025 | Price change | $305,000-14.1%$248/sqft |
Source:  GAMLS #10626933 Report a problem | ||
| 10/17/2025 | Listed for sale | $355,000-10.1%$288/sqft |
Source:  FMLS GA #7667135 Report a problem | ||
| 5/8/2024 | Listing removed | -- |
Source: FMLS GA #7330764 Report a problem | ||
| 1/30/2024 | Listed for rent | $2,400$2/sqft |
Source: FMLS GA #7330764 Report a problem | ||
| 1/23/2024 | Listing removed | $395,000$321/sqft |
Source: FMLS GA #7304212 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,144 +39.1% | $125,640 +8.4% |
| 2023 | $3,697 -6.4% | $115,880 +18.7% |
| 2022 | $3,950 +53.4% | $97,600 +58.4% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,784/mo
Principal & interest
$1463
Property taxes
$214
Home insurance
$107
Climate risks
Neighborhood: South Atlanta
Nearby schools
GreatSchools rating
- 3/10Slater Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Price Middle SchoolGrades: 6-8Distance: 0.2 mi
- 2/10Carver High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Slater
- Middle: Price
- High: Carver
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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