$325,000

2794 7th Street SW, Atlanta, GA 30315

Duplex
Built in 1932
8,886sqft lot
—— car garage
$——/sqft
Listed 5 days ago

Property Description

Grandfathered duplex-style property offering exceptional income-producing potential in a prime Atlanta location, ideal for both investors and owner-occupants seeking immediate cash flow with future upside. This fully renovated asset is currently generating $3,200 per month, with Unit A configured as a 2-bedroom, 1-bath residence leased at $1,850 per month to a qualified long-term tenant with a strong payment history, and Unit B with a new qualified tenant which moved in on April 1at a rate of $1,350 per month. The property is equipped with two separate gas meters and offers significant value-add opportunity through the unfinished basement, which is well-suited for conversion into a third unit, potentially a studio or 2-bedroom, 1-bath apartment, with an estimated renovation cost of approximately $35,000 per the seller's contractor bid. Upon completion, projected gross rental income could reach approximately $5,150 per month across three units. Additional features include ample storage space and a versatile basement area ideal for a home gym, workshop, or expanded living space. With a certified appraised value of $325,000, this property presents a compelling opportunity for house hacking, including FHA or FHA 203(k) financing, allowing an owner-occupant to live in one unit while leveraging rental income from the others to offset mortgage expenses, all within close proximity to Atlanta's key amenities, employment hubs, and growth corridors.

Listing Status:: Active
Date Added:: April 27, 2026
Data Last Updated:: May 2, 2026 at 7:06AM
Listing Office:: Coldwell Banker Realty : 404-252-4908
Listing Agent:: Rick Wiley : 404-620-1400
MLS ID:: 10742219

Basement: Unfinished
A/C: Ceiling Fan(s)Central Air
Heating: Central
Fireplace: Fireplaces: 0

Parking: Off StreetParking spaces: 4

General: BrickVinyl SidingTwo

HOA Amenities: 0.0
Originating MLS: Georgia MLS 2
County: Fulton

Zoning: 14 009300020270

Utilities: Electricity Individual MetersGas Billing ProratedWater Billing Prorated
Water: Public
Sewer: Public Sewer

Source: Georgia MLS 2

This listing courtesy of Rick Wiley , Coldwell Banker Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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