540 John Wesley Dobbs Avenue NE Atlanta, GA $ 1,690,000
540 John Wesley Dobbs Avenue NE
$ 1,690,000
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540 John Wesley Dobbs Avenue NE

Atlanta, GA, 30312
$ 1,690,000
Baths0.0

Monthly Estimate*

$ 10,406

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View a Virtual Tour
Studio

Multi-Family Home for sale in Atlanta, GA

for $1,690,000. This home was built in 1920 on a lot size of 0.135.

TURNKEY LUXURY INVESTMENT - PRICE IMPROVEMENT - SIGNIFICANT BOOKINGS ON THE BOOKS THROUGH APRIL 2026. Experience a 5-star premier investment opportunity at "The Dobbs," an exceptional luxury vacation rental in the heart of Old Fourth Ward. Offering nearly 3,800 square feet of high-demand living space, this property has operated as a top-rated short-term rental since 2021. Ideally located just a 5-minute walk from the Atlanta BeltLine Eastside Trail and sitting directly on the Freedom Trail Path, guests enjoy effortless access to Mercedes-Benz Stadium, Centennial Olympic Park, and Downtown Atlanta. UNMATCHED REVENUE AND FLEXIBILITY: Sold FULLY FURNISHED and equipped for a seamless Day 1 transition. This two-unit duplex setup offers incredible versatility: continue as a high-performing short-term rental, pivot to mid-term corporate housing, or convert to a massive single-family estate. THE LAYOUT: The main level features 3 bedrooms and 2 bathrooms with 12-foot ceilings and an updated chef's kitchen. The upper level is currently an open-concept 2 bedroom, 2 bathroom layout plus a loft-style third bedroom. OUTDOOR EXPERIENCE: Professionally designed, resort-style landscaping in both the front and rear yards consistently drives 5-star guest reviews. With the O4W market exploding, this is a rare chance to own a historically significant, income-producing asset with proven, high-margin returns.

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Multi-Family Active

Price

$ 1,690,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 24,563

Style

Lot Size

0.135

Year Built

1920

Town/City

Atlanta

County/Region

Fulton

MLS | Web ID

10661024

Features
General
Sewer Public Sewer
Heating Central Natural Gas
Cooling Central Air Ceiling Fan(s) Gas
Utilities Sewer Connected
HOA Fee 0
Association Fee Includes None
Construction Materials Other
Year Built 1920
Levels Two
Property Subtype Multi Family Duplex
Tax Year 2025
Community Features Park Playground Sidewalks Street Lights Near Public Transport Walk To Schools Near Shopping
County Fulton
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Energy Efficient Thermostat Appliances
Subdivision Name Old Fourth Ward
Garage Y/N false
Green Water Conservation Low-Flow Fixtures
Status Price Change
Directions Property located across the street from David T Howard Middle School.
High School Grady
City Atlanta
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 5880.6
Carport Y/N false
Elementary School Hope Hill
Tax Annual Amount 24563
Middle/Junior High School David T Howard
Property Condition Resale
Virtual Tour https://vimeo.com/780198496 https://vimeo.com/780198496
Structure Type Duplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Basement Crawl Space
Total Fireplaces 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Common Area
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Off Street
Water Source Public
Total Parking 3
Lot Size Area 5880.6
Foundation Details Block
Lot Size Acres 0.135
Lot Size Source Public Records
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* Excluded Features
List By
Homesmart

Broker

longenbachju@gmail.com

Email

Affordability Calculator

$12,453
Per Month
84%
16%
0%
Monthly Principal & Interest
$10,406
Monthly Property Taxes
$2,047
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4134561 Elementary School
4133595 Middle School
Grady High School High School
Pricing History
DatePricePrice ChangeDescription
2/24/2026$1,690,000 -2.31% Price Down
1/8/2026$1,730,000 Listed Price

Map


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540 John Wesley Dobbs Avenue NE, Atlanta, GA, 30312 is a Multi-Family Home for sale at $1,690,000 with a lot size of 0.135. 540 John Wesley Dobbs Avenue NE is a studio with 0.0 baths and was built in 1920. The property's zip code is 30312 which is in Atlanta, GA