$599,990

969 Palmetto Avenue SW, Atlanta, GA 30314

Multi-Family Home
Built in 2003
5,009sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

Exceptional investment opportunity in Atlanta's desirable West End, just minutes from the Atlanta University Center (AUC). This 15-unit rooming house is currently operated as a PadSplit-style shared housing property, generating approximately $10K in gross monthly income. Designed for consistent demand, the property benefits from its proximity to major employers, public transportation, downtown Atlanta, and multiple colleges and universities. The existing rooming house layout allows for efficient operations and strong cash flow, making it ideal for investors seeking immediate income with upside potential. Whether you're expanding a PadSplit portfolio or looking for a high-yield asset in a rapidly appreciating area, this property delivers location, scale, and proven performance. ALL TENANTS ARE ON WEEKLY LEASES so new owner has no contractual obligations to keep current tenants. **CASH OR HARD MONEY ONLY*

Listing Status:: Active
Date Added:: February 9, 2026
Data Last Updated:: March 20, 2026 at 1:08PM
Listing Office:: Fleur De Lee Realty : 678-488-8650
Listing Agent:: River Bonds : 470-503-6398
MLS ID:: 10688959

Basement: None
A/C: Central Air
Heating: Central
Fireplace: Fireplaces: 0

Parking: Side/Rear EntranceParking spaces: 0

General: BlockTwo

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

Zoning: 14 011600050098

Utilities: Other
Water: Public
Sewer: Public Sewer

Source: Georgia MLS 2

This listing courtesy of River Bonds , Fleur De Lee Realty

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

M. Agnes Jones Elementary School

1040 Fair St SW, Atlanta, GA, 30314

Grades EE-5

0.28 miles away

Hollis Innovation Academy

225 James P Brawley Drive NW, Atlanta, GA, 30314

Grades EE-8

0.73 miles away

Booker T. Washington High School

45 Whitehouse Dr SW, Atlanta, GA, 30314

Grades 9-12

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.