477 Fairlane Circle NW
Atlanta, GA, 30331 $ 339,000
Baths0.0 Monthly Estimate*
$ 2,140
Studio for $339,000. This home was built in 1960 on a lot size of 0.2.
Exceptional turnkey investment opportunity with immediate cash flow! This newly renovated duplex at 477 Fairlane Circle NW is a proven income-producing asset generating $3,600 per month with both units currently occupied by stable tenants. The property features a spacious 4-bedroom, 3-bath residence leased through the Atlanta Housing Authority at $2,000 per month and a 2-bedroom, 1-bath residence leased to a qualified tenant at $1,600 per month. Both tenants pay their own utilities, maximizing owner cash flow while minimizing operating expenses. Thoughtfully updated approximately one year ago, the property boasts new HVAC systems, new water heaters, beautifully updated kitchens, renovated bathrooms, and numerous additional improvements, providing peace of mind and significantly reducing future maintenance expenses. With its flexible layout, this property is ideally suited for a variety of investment strategies, including PadSplit housing, veteran housing, group home operations, or continued traditional long-term rentals (subject to applicable zoning and local regulations). Perfectly positioned just minutes from I-20, Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, and major employment centers, the location offers exceptional convenience, strong tenant demand, and outstanding long-term appreciation potential. Whether you're adding to an established portfolio or securing your first income-producing property, this fully occupied, newly renovated duplex offers immediate cash flow, dependable rental income, and exceptional long-term investment potential.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Attic Fan Ceiling Fan(s) Central Air
Utilities Underground Utilities
Roof Composition
Security Features None
Construction Materials Block
Year Built 1960
View Other
Levels Two
Property Subtype Other
Tax Year 2024
Gross Income 43200
Waterfront Features None
Community Features Golf Near Public Transport Near Schools Near Shopping Playground Pool Street Lights Tennis Court(s)
Accessibility None
County Fulton - GA
Net Operating Income 0
Operating Expense 0
Property Type Residential Income
HOA false
Energy Efficient Insulation Roof
Subdivision Name None
Green Energy Generation None
Status Active
Directions GPS
High School Frederick Douglass
City Atlanta
Body of Water None
Number Of Units Total 2
Elementary School Harper-Archer
Property Attached Y/N false
Tax Annual Amount 3028
Home Warranty Y/N false
Middle/Junior High School John Lewis Invictus Academy/Harper-Archer
Property Condition Updated/Remodeled
Standard Status Active
Tax Lot 0
Cap Rate 0
Freehold IDX
Corporate Owner Investor Owned
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InteriorFlooring Vinyl
Furnished Y/N Unfurnished
Window Features Insulated Windows
Total Baths 0
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ExteriorFencing None
Parking Features Driveway
Water Source Public
Total Parking 4
Lot Dimensions 0
Lot Size Acres 0.2
Lot Size Source Owner
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
Rick@MyRealtorRick.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,140
- Monthly Property Taxes
- $252
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $700,524
Percent of Sale Price 107%
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.
3421909 Elementary School
3420547 Middle School
Frederick Douglass High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/28/2026 | $339,000 | | Listed Price |