48 Spence Avenue NE
Atlanta, GA, 30317 $ 900,000
Baths0.0 Monthly Estimate*
$ 5,541
Studio for $900,000. This home was built in 1950 on a lot size of 0.65.
In-town living at its finest. This rare multi-unit property offers ultimate flexibility: live in one, rent the others, or embrace true multigenerational living. Nearly 2,500 SF main house (5BR/3BA) plus two private backyard apartments (each 2BR/1BA, 700+ SF each) totaling 9BR/5BA across ~4,000 SF on deep 0.65-acre lot in idyllic East Lake. Four-sided brick main house w fantastic curb appeal, spacious layout, hardwood floors throughout. Living room w brick fireplace & built-in shelves, generous dining room opening to screened porch, updated kitchen w quartz countertops, shaker cabinets, large pantry, SS appliances, 5-burner gas range. Office w backyard access. Main level: two sun-filled guest bedrooms share hallway bath w marble subway tile, first primary suite w barn door & updated en-suite bath w walk-in shower. Upstairs: sun-drenched bedroom and second primary suite w vaulted ceilings, large en-suite primary bath w oversized walk-in shower, walk-in closet. Dry unfinished basement for storage/gym/workshop. One-car garage. Large flat fenced backyard w generous patio & outdoor sink for seamless entertaining. Two apartments in separate unit: downstairs apartment 2BR/1BA; upstairs unit also 2BR/1BA, both with W/D. Both units currently tenant-occupied, generating $1450/mo per unit. Walk to McKoy Park, hop over to Oakhurst Village (Mezcalito's, Scout, Universal Joint, Oakview Coffee); close to Kirkwood favorites (Perc Coffee, LaFonda, Gene's). Edge of Downtown Decatur without City of Decatur taxes. Zoned for Toomer Elementary, King Middle, Maynard Jackson HS. Multiple grocery stores 5-10 min. Convenient to Decatur, Kirkwood, East Atlanta. Quiet, tree-lined streets, friendly neighborhood w families. Extraordinary flexibility in a beautiful setting.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air Natural Gas
Cooling Ceiling Fan(s) Central Air
Utilities Cable Available Electricity Available Natural Gas Available Sewer Available Water Available
Roof Composition
Security Features None
Construction Materials Brick 4 Sides Fiber Cement
Year Built 1950
View Neighborhood
Levels Two
Property Subtype Other
Tax Year 2025
Waterfront Features None
Community Features Near Public Transport Near Schools Near Trails/Greenway Park
Accessibility None
County Dekalb - GA
Property Type Residential Income
HOA false
Energy Efficient None
Subdivision Name East Lake
Green Energy Generation None
Status Coming Soon
Directions GPS
High School Maynard Jackson
City Atlanta
Body of Water None
Number Of Units Total 3
Elementary School Fred A. Toomer
Property Attached Y/N false
Tax Annual Amount 7412
Home Warranty Y/N false
Middle/Junior High School Martin L. King Jr.
Property Condition Resale
Standard Status Coming Soon
Freehold IDX
Corporate Owner None
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InteriorFlooring Hardwood
Window Features None
Total Baths 0
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ExteriorFencing Back Yard Front Yard Wood
Parking Features Attached Driveway Garage Level Driveway
Lot Features Level
Water Source Public
Total Parking 2
Lot Dimensions 258 x 100
Lot Size Acres 0.65
Lot Size Source Public Records
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* Excluded FeaturesList ByKeller Williams Realty Metro AtlantaBroker
carterandassociatesga@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,541
- Monthly Property Taxes
- $618
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $684,867
Percent of Sale Price 24%
About Atlanta, GA 284,375 Population
0% Since 2002
$ 0 Median Income
0 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
3420541 Elementary School
3420522 Middle School
Maynard Jackson High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/21/2026 | $900,000 | | Listed Price |