Active

2794 7th Street

Atlanta, GA 30315

$325,000 $1,370/Mo

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Overview

Bed

Bath

0.20

Acre(Lot)

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 approxi mately $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.

Property Details

Property Type : Residential Income

Price : $325,000

AD Id : 76347191

MLS Id : 7740026

Lot Size : 0.20 Acre

Year Built : 1932

County : Fulton

Subdivision: Hammond Park

Map

What's Nearby

Nearby Areas

Features

Flooring Information

Carpet, Hardwood, Laminate
Roofing Information

Composition
Interior Features

Roof: Composition Window Features: Insulated Windows
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air

Building Information

Year Built: 1932 Construction Materials: Brick, Vinyl Siding Private Pool: No View: City

Lot Information

Lot Size Acres: 0.204 Lot Size Source: Owner Lot Description: Level

Property Information

Subdivision: Hammond Park Source Property Type: Residential Income Property SubType: Triplex Levels: Two Property Age: 94

Listing Price Information

Listing Price: $325000

Tax Information

Parcel Number: 14 009300020270 Tax Lot: 0 Tax Block: 0 Tax Year: 2024 Annual Tax: $2938 Tax Legal Desc: 0

Parking Information

Parking Total: 4 Driveway

School Information

Elementary School: Emma Hutchinson

Junior High School: Crawford Long

Senior High School: South Atlanta
Utility Information

Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Location Information

Direction: GPS WaterSource: Public Security Features: Carbon Monoxide Detector(s)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
1425 Boulevard, Atlanta, GA, 30315	$479,000	--	--	--
1339 Miller Reed Avenue, Atlanta, GA, 30315	$514,900	--	--	--
94 Moury Avenue, Atlanta, GA, 30315	$525,000	--	--	--
10 Claire Drive, Atlanta, GA, 30315	$675,000	--	--	--
959 Washington Street, Atlanta, GA, 30315	$510,000	--	--	--

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ByOwner last updated this listing 06/15/2026 @ 11:45

MLS: 7740026 LISTED BY: Rick Wiley, Coldwell Banker Realty 404-252-4908 SOURCE: First Multiple Listing Service (FMLS)