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238 Anderson Avenue Atlanta, GA $ 500,000
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$ 500,000 Get more info
238 Anderson Avenue
$ 500,000
Back to search
Share Save

238 Anderson Avenue

Atlanta, GA, 30314
$ 500,000
Baths0.0

Monthly Estimate*

$ 3,157

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Studio

Multi-Family Home for sale in Atlanta, GA

for $500,000. 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

$ 500,000

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

10812076
Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Individual Meters
HOA Fee 0
Association Fee Includes None
Construction Materials Concrete
Year Built 1948
Levels Two
Property Subtype Multi Family Duplex
Tax Year 2023
Gross Income 48000
Community Features Park Sidewalks Street Lights Tennis Court(s) Near Public Transport Walk To Schools Near Shopping
County Fulton
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
MaintenanceExpense 0
Subdivision Name DIXIE HILLS
Garage Y/N false
Status Price Change
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 Douglass
City Atlanta
Body of Water None
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 4660.92
Carport Y/N false
Elementary School F L Stanton
Tax Annual Amount 4714
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Harper Archer
Property Condition Resale
Structure Type Duplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Basement None
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Side/Rear Entrance
Water Source Public
Total Parking 0
Lot Size Area 4660.92
Lot Size Acres 0.107
Lot Size Source Public Records
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* Excluded Features
List By
Keller Williams West Atlanta

Broker

nhiajap@gmail.com

Email

Affordability Calculator

$3,550
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,157
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
4133826 Elementary School
4135901 Middle School
Douglass High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/9/2026$500,000 -2.91% Price Down
8/19/2026$515,000 -1.90% Price Down
7/24/2026$525,000 Listed Price

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238 Anderson Avenue, Atlanta, GA, 30314 is a Multi-Family Home for sale at $500,000 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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