839 Commodore Drive
Atlanta, GA, 30318 $ 459,000
Bedrooms2 Baths2.0 Monthly Estimate*
$ 2,826
for $459,000 with 2 bedrooms and 2 full baths. This home was built in 1950 on a lot size of 0.248.
This property represents the kind of opportunity serious investors look for when they want long term upside, strong rental demand, and positioning inside one of Atlanta's most important redevelopment corridors. Located at 839 Commodore Drive NW in the heart of the Dixie Hills and Bankhead area, this home sits in a pocket that continues to benefit from city backed revitalization, infrastructure investment, and steady tenant demand driven by proximity to Downtown Atlanta, West Midtown, Georgia Tech, Mercedes Benz Stadium, and the BeltLine expansion plans moving west. What makes this property stand out immediately is its scale and layout. With five bedrooms and two full baths on a single level, it offers a rare combination of space and functionality that performs extremely well in the rental market. Homes of this size in this corridor consistently attract strong tenant interest because they support multiple household types, including larger families, multi generational living, shared housing models, and room by room rental strategies. Investors understand that bedroom count is leverage, and this home delivers exactly that. The property sits on a generous quarter acre lot, providing privacy, flexibility, and future optionality. Large lots in this area are increasingly valuable as redevelopment accelerates and land becomes more scarce. Whether an investor's strategy is long term buy and hold, Section 8 placement, short term corporate style leasing, or future redevelopment, this lot size creates options that smaller parcels simply cannot offer. From a construction standpoint, the home features wood frame construction with durable vinyl siding and stone accent details, paired with an asphalt shingle roof. This is a practical, cost effective build style that investors favor because it keeps long term maintenance predictable and affordable. The single story layout is another major advantage, as it reduces structural complexity, simplifies repairs, and appeals to a wider tenant pool that includes families and renters seeking easy accessibility. Parking is often overlooked, but not here. The private driveway offers convenient off street parking, a key feature that supports rental desirability in urban corridors. Tenants value ease of access, and investors benefit from fewer parking related issues over time. From a rental perspective, this area continues to perform well. Comparable homes in the immediate vicinity support strong monthly rents, particularly for five bedroom properties. This home is well positioned to generate consistent cash flow while still offering upside through cosmetic enhancements or strategic repositioning. Light upgrades such as interior paint, flooring refreshes, fixture updates, or adding washer dryer access can push rental rates even higher without heavy capital expenditure. For investors who understand value add strategies, this property offers a clear path to improved returns. Beyond the numbers, location is the story investors care about most, and this address delivers. Dixie Hills and Bankhead are no longer fringe areas. They are transformation zones. Investors who entered this corridor early have already seen appreciation, and those entering now are positioning themselves ahead of the next wave. The proximity to major employment centers, transit access, and ongoing redevelopment projects continues to strengthen tenant demand while supporting long term appreciation. This property also fits cleanly into multiple investor profiles. It works for buy and hold investors looking for steady cash flow. It works for Section 8 investors seeking larger bedroom counts with strong demand. It works for portfolio builders who want properties that are easy to manage and lease. It even works for forward thinking investors who understand the long term land value and future redevelopment potential of this corridor.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Available Electricity Available Phone Available Sewer Available Water Available
Possession Close Of Escrow
Roof Composition
Security Features None
Construction Materials Brick Cedar Wood Siding
Year Built 1950
View Other
Levels One
Property Subtype Other
Tax Year 2024
Gross Income 49200
Waterfront Features N
Community Features Near Beltline Near Public Transport Near Schools Near Shopping
Accessibility None
County Fulton - GA
Net Operating Income 31980
Operating Expense 17220
Property Type Residential Income
HOA No
Energy Efficient None
Subdivision Name Dixie Hills
Green Energy Generation None
Status Active
Directions Detailed Driving Directions to 839 Commodore Dr NW Atlanta GA 30318 From Downtown Atlanta Take I-75/85 North and merge onto I-20 West toward Birmingham. Exit at MLK Jr Dr NW. Turn right onto Ma
High School Frederick Douglass
City Atlanta
Body of Water None
Number Of Units Total 2
Elementary School Woodson Park Academy
Property Attached Y/N No
Tax Annual Amount 3604
Home Warranty Y/N No
Middle/Junior High School John Lewis Invictus Academy/Harper-Archer
Property Condition Updated/Remodeled
Virtual Tour https://wrighthomeexpertsproperties.com/property/839-commodore-dr-nw
Standard Status Active
Occupancy Type Vacant
Tax Lot 5
Cap Rate 7
Legal Description DIST:05 CITY/MUNI/TWP:CITY OF ATLANTA FC FOR SALE VALIDATION
Corporate Owner None
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InteriorFlooring Laminate
Window Features Aluminum Frames
Total Baths 0
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ExteriorFencing None
Parking Features Driveway
Lot Features Irregular Lot
Water Source Public
Total Parking 2
Lot Dimensions 1456
Lot Size Acres 0.248
Private Pool No
Lot Size Source Other
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* Excluded FeaturesList ByJuanita WrightListing Agent
juanita.wright@exprealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,826
- Monthly Property Taxes
- $300
- 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.
Learn more about how to save NearbyMulti-family listings in Atlanta, GA
Average List Price $648,368
Percent of Sale Price 41%
About Atlanta, GA 478,204 Population
15% Since 2002
$ 55,840 Median Income
35.72 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
3420514 Elementary School
3420547 Middle School
Frederick Douglass High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/8/2026 | $459,000 | | Listed Price |