1536 /1538 Beech Valley Way NE
Atlanta, GA, 30306 $ 925,000
Baths0.0 Monthly Estimate*
$ 5,695
Studio for $925,000. This home was built in 1953 on a lot size of 0.28.
Located in the highly desirable Druid Hills/Morningside corridor, this fully leased duplex offers a strong investor opportunity with $6,000 per month in gross rents ($72,000 annually) and approximately $19,000 per year in operating expenses, producing an estimated Net Operating Income of $53,000. Both units are currently leased at $3,000 per month plus utilities on month-to-month agreements, providing immediate cash flow with flexibility for future repositioning or owner-occupancy. The upper unit features 3 bedrooms and 2 full baths with recently refinished hardwood floors, spacious living and dining areas, new double-pane windows, and added attic insulation. The main level offers 3 bedrooms and 1.5 baths, a large pantry, and deck access. Each unit has separate entrances, separate driveways, and individually metered gas, electric, and water, helping control expenses and streamline management. Both units also benefit from large basement areas with commercial washer and dryer units and additional storage. Ideally situated near Emory University, Piedmont Park, Virginia Highland, Midtown, Buckhead, and Decatur, with MARTA access nearby and Daniel Johnson Nature Preserve just across the street, this stabilized asset combines reliable in-place income, long-term tenant history, and a prime location in one of Atlanta’s most desirable rental markets. Seller is a licensed real estate agent in the State of Georgia. Property is eligible for annexation into the City of Atlanta, which may allow access to the Atlanta Public School system, subject to buyer verification and approval through the City of Atlanta annexation process.
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FeaturesGeneralSewer Public Sewer
Heating Central Forced Air Natural Gas
Cooling Central Air Electric
Utilities Cable Available Electricity Available Natural Gas Available Sewer Available
Roof Composition
Security Features None
Construction Materials Brick 4 Sides
Year Built 1953
View City Other
Levels Two
Property Subtype Duplex
Tax Year 2025
Parcel Number 18 055 11 002
Gross Income 72000
Waterfront Features None
Community Features Near Public Transport Near Shopping Park Playground Sidewalks Street Lights Tennis Court(s)
Accessibility None
County Dekalb - GA
Net Operating Income 53000
Operating Expense 19000
Property Type Residential Income
HOA false
Energy Efficient Windows
Subdivision Name Druid Hills
Green Energy Generation None
Status Active
Directions GPS Friendly.
High School Druid Hills
City Atlanta
Body of Water None
Number Of Units Total 2
Elementary School Fernbank
Property Attached Y/N false
Tax Annual Amount 10402
Home Warranty Y/N false
Middle/Junior High School Druid Hills
Property Condition Resale
Standard Status Active
Tax Lot 0
Cap Rate 5.7
Freehold IDX
Corporate Owner None
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InteriorFlooring Hardwood
Furnished Y/N Unfurnished
Window Features Double Pane Windows Insulated Windows
Total Baths 0
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ExteriorFencing None
Parking Features Driveway Level Driveway Varies by Unit
Lot Features Other
Water Source Public
Total Parking 4
Lot Dimensions 72 x 47
Lot Size Acres 0.28
Lot Size Source Public Records
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* Excluded FeaturesList ByTHE ZAC TEAMListing Agent
Re/Max Metro Atlanta CitysideBroker
listingagents@zac.bizEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,695
- Monthly Property Taxes
- $867
- 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 $572,326
Percent of Sale Price 38%
About Atlanta, GA 284,375 Population
0% Since 2002
$ 0 Median Income
0 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
4134181 Elementary School
4134286 Middle School
Druid Hills High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/21/2026 | $925,000 | | Listed Price |