2494 Lester Street
Atlanta, GA, 30344 $ 479,000
Bedrooms7 Baths3.0 Sq 2,825 Monthly Estimate*
$ 3,024
for $479,000 with 7 bedrooms and 3 full baths. This 2,825 square foot home was built in 1930 on a lot size of 0.257.
Rare THREE-UNIT Investment Opportunity offering TWO SEPARATE RESIDENCES and multiple streams of rental income in the heart of East Point's growing Semmes Park community! Ideal for investors looking to expand their portfolio, house hackers, or buyers seeking a flexible income-producing property, this unique setup includes a main residence plus a separate two-story rear residence with two additional units. The main residence offers approximately 1,225 square feet with 3 bedrooms and 1 bathroom and is currently tenant-occupied, providing immediate rental income. Tucked behind the main home, the rear residence features two separate 2-bedroom, 1-bathroom units, each approximately 800 square feet. The upper unit is currently leased, while the lower unit is vacant and features an open living and kitchen area, two bedrooms, a full bathroom, updated flooring, and fresh neutral paint giving the next owner the opportunity to place a tenant and further maximize the property's income potential. With two income-producing units already in place and a third unit ready for its next occupant, this property offers a compelling combination of existing cash flow and additional upside. Seller is also offering a separate three-unit investment property at 3181 Church Street and is open to selling both properties together, creating a unique opportunity for investors looking to acquire multiple income-producing properties. Located in one of Metro Atlanta's fastest-growing areas, enjoy easy access to East Point's revitalized Downtown District with local restaurants, shops, and MARTA, while being just minutes from Downtown Atlanta, Midtown, Hartsfield-Jackson International Airport, Tyler Perry Studios, and major highways.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Other
Roof Composition
Appliances Dishwasher Electric Oven Electric Range
HOA Fee 0
Patio/Porch Features Front Porch
Architectural Style Other
Pool Features None
Security Features None
Construction Materials Other
Year Built 1930
Electric Other
View City Other
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features None
Community Features Near Public Transport Near Schools Near Shopping Near Trails/Greenway Restaurant Other
Accessibility None
HOA Fee 2 0
County Fulton - GA
Property Type Residential
HOA false
Energy Efficient None
Subdivision Name Semmes Park
Green Energy Generation None
Other Structures Carriage House
Full Baths 3
Status Active
Directions Please use GPS.
High School Tri-Cities
City Atlanta
Body of Water None
Spa Features None
Elementary School Hamilton E. Holmes
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 4815
Home Warranty Y/N false
Middle/Junior High School Paul D. West
Property Condition Resale
Standard Status Active
Freehold IDX
Corporate Owner None
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InteriorInterior Amenities Entrance Foyer High Speed Internet Other
Basement None
Flooring Hardwood Other
Total Fireplaces 1
Fireplace Features Family Room
Common Walls No Common Walls
Window Features None
Above Grade Finished Area 2825
Half Baths 0
Laundry Features Other
Total Bedrooms 7
Below Grade Finished Area 0
Room Type Family Room
Main Level Bedrooms 3
Main Level Bathrooms 1
Kitchen Features Cabinets White Eat-in Kitchen Pantry Other
Total Baths 3
Primary Bathroom Features Other
Dining Room Features Separate Dining Room
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ExteriorExterior Amenities Other
Fencing None
Parking Features Driveway Level Driveway
Lot Features Level
Water Source Public
Total Parking 4
Foundation Details Slab
Building Area Total 2825
Lot Dimensions 46x229x46x227
Lot Size Acres 0.257
Road Surface Type Other
Lot Size Source Public Records
Road Frontage Type Other
Other Equipment None
Horse Amenities None
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* Excluded FeaturesList ByThe Justin Landis GroupListing Agent
info@justinlandisgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,024
- Monthly Property Taxes
- $401
- 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 NearbySingle family listings in Atlanta, GA
Average List Price $767,136
Percent of Sale Price 60%
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.
1927553 Elementary School
1929294 Middle School
Tri-Cities High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/13/2026 | $479,000 | | Listed Price |