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238 Anderson Avenue Atlanta, GA $ 515,000
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$ 515,000 Get more info
238 Anderson Avenue
$ 515,000
Back to search
Share Save

238 Anderson Avenue

Atlanta, GA, 30314
$ 515,000
Baths0.0

Monthly Estimate*

$ 3,252

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Studio

Multi-Family Home for sale in Atlanta, GA

for $515,000. This home was built in 1948 on a lot size of 0.107.

Turn-key duplex | Motivated seller | Projected 6.4%+ cap rate | Cash flow investment | House hack opportunity Fully renovated upstairs/downstairs duplex with 2 bedrooms and 1 full bathroom per unit (4BR/2BA total). A great fit for portfolio growth, a 1031 exchange, or house hacking. Both units vacant at close, giving the new owner flexibility to lease at market rate, accept Section 8 vouchers, or occupy one side while renting the other. Potential to lease through the Section 8 Program with Atlanta Housing Authority (AHA) at $2,000/month per unit — $4,000/month gross ($48,000 annually). Recently renovated with ample parking, offering broad tenant appeal and low-maintenance ownership. Motivated seller, priced to sell — ideal for buy-and-hold investors and house hackers seeking strong ROI and long-term appreciation. Proven rental history, turn-key condition, and immediate leasing opportunity make this one worth a serious look. Owner/Agent.

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Multi-Family Active

Price

$ 515,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,714

Style

Lot Size

0.107

Year Built

1948

Town/City

Atlanta

County/Region

Fulton

MLS | Web ID

7808412
Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Available Natural Gas Available Sewer Available Water Available
Roof Shingle
Security Features Security Service
Construction Materials Concrete
Year Built 1948
View Neighborhood Trees/Woods
Levels Two
Property Subtype Duplex
Tax Year 2023
Parcel Number 14 017400080391
Gross Income 48000
Waterfront Features None
Community Features Near Beltline Near Public Transport Near Schools Near Shopping Park Restaurant Sidewalks Street Lights Tennis Court(s) Other
Accessibility Accessible Entrance
County Fulton - GA
Net Operating Income 33800
Operating Expense 14200
Property Type Residential Income
HOA false
Energy Efficient None
Subdivision Name DIXIE HILLS
Green Energy Generation None
Status Active
Directions I-20 W to Exit 52A (Lowery Blvd). Right on Lowery Blvd NW left on Joseph E. Boone Blvd NW right on Anderson Ave NW. Property on the left.
High School Frederick Douglass
City Atlanta
Body of Water None
Number Of Units Total 2
Elementary School F. L. Stanton
Property Attached Y/N false
Tax Annual Amount 4714
Home Warranty Y/N false
Middle/Junior High School John Lewis Invictus Academy/Harper-Archer
Property Condition Resale
Standard Status Active
Cap Rate 6.4
Freehold IDX
Corporate Owner Owner/Agent Sold As/Is
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Interior
Flooring Carpet Vinyl
Window Features None
Total Baths 0
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Exterior
Fencing Back Yard
Parking Features Driveway
Lot Features Sloped
Water Source Public
Lot Dimensions 4650
Lot Size Acres 0.107
Lot Size Source Assessor
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* Excluded Features
List By
Nhiaja Patton

Listing Agent

Keller Williams Realty West Atlanta

Broker

nhiajap@gmail.com

Email

Affordability Calculator

$3,645
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,252
Monthly Property Taxes
$393
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
0 Elementary School
3420547 Middle School
Frederick Douglass High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/19/2026$515,000 -1.90% Price Down
7/23/2026$525,000 Listed Price

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238 Anderson Avenue, Atlanta, GA, 30314 is a Multi-Family Home for sale at $515,000 with a lot size of 0.107. 238 Anderson Avenue is a studio with 0.0 baths and was built in 1948. The property's zip code is 30314 which is in Atlanta, GA

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