477 Fairlane Circle NW Atlanta, GA $ 339,000
477 Fairlane Circle NW
$ 339,000
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477 Fairlane Circle NW

Atlanta, GA, 30331
$ 339,000
Baths0.0

Monthly Estimate*

$ 2,140

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Studio

Multi-Family Home for sale in Atlanta, GA

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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Multi-Family Active

Price

$ 339,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,028

Style

Lot Size

0.2

Year Built

1960

Town/City

Atlanta

County/Region

Fulton

MLS | Web ID

7795980

Features
General
Sewer 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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Interior
Flooring Vinyl
Furnished Y/N Unfurnished
Window Features Insulated Windows
Total Baths 0
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Exterior
Fencing 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 Features
List By
Rick Wiley

Listing Agent

Coldwell Banker Realty

Broker

Rick@MyRealtorRick.com

Email

Affordability Calculator

$2,393
Per Month
89%
11%
0%
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.
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Nearby
3421909 Elementary School
3420547 Middle School
Frederick Douglass High School High School
Pricing History
DatePricePrice ChangeDescription
6/28/2026$339,000 Listed Price

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477 Fairlane Circle NW, Atlanta, GA, 30331 is a Multi-Family Home for sale at $339,000 with a lot size of 0.2. 477 Fairlane Circle NW is a studio with 0.0 baths and was built in 1960. The property's zip code is 30331 which is in Atlanta, GA