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540 John Wesley Dobbs Avenue

Atlanta, GA 30312
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Acres0.14

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TURNKEY LUXURY INVESTMENT - Welcome to "The Dobbs," an exceptional luxury income property in the heart of Old Fourth Ward. This 3,700+ square foot estate offers a rare 5-star investment opportunity with proven historical performance. Positioned just 4 blocks from the Atlanta BeltLine Eastside Trail and directly on the Freedom Trail Path, the location provides guests with effortless access to Mercedes-Benz Stadium, Centennial Olympic Park, and the city's top dining and entertainment districts. VERSATILE REVENUE STREAM: Currently operating as a premier short-term rental, this property is sold FULLY FURNISHED and equipped for a seamless transition. The two-unit duplex layout offers unmatched flexibility: continue as a high-performing vacation rental, pivot to mid-term corporate housing, or c onvert into a grand single-family residence. THE LAYOUT: The main level features 3 bedrooms and 2 bathrooms with soaring 12-foot ceilings and an updated chef's kitchen. The upper level offers 2 bedrooms, 2 bathrooms, and a large loft-style third bedroom. Both units feature updated finishes and designer touches throughout. OUTDOOR AMENITIES: Professionally designed, resort-style landscaping creates a private urban retreat in both the front and rear yards, consistently driving 5-star guest reviews and premium nightly rates. Own a piece of Atlanta history with guaranteed day-one cash flow in the city's most in-demand neighborhood.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,648,990

AD Id : 77649267

MLS Id : 7757214

Lot Size : 0.14 Acre

Year Built : 1920

County : Fulton

Subdivision: Old Fourth Ward

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Feature Features

  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Natural Gas Has Cooling: Yes Cooling: Central Air, Heat Pump, Electric

  • Building Information

    Year Built: 1920 Construction Materials: Other Private Pool: No View: City

  • Lot Information

    Lot Size Acres: 0.135 Lot Size Source: Estimated Lot Description: Level

    Property Information

    Subdivision: Old Fourth Ward Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 106

  • Listing Price Information

    Listing Price: $1648990 Original Price: $1649000 1031 Exchange, Cash, Conventional

  • Tax Information

    Parcel Number: 14 004600061132 Tax Block: 1 Tax Year: 2025 Annual Tax: $24563 Tax Legal Desc: INSIDE EST

  • Parking Information

    Parking Total: 4 Driveway

  • School Information

    Elementary School: John Hope-Charles Walter Hill
    Junior High School: David T Howard
    Senior High School: Midtown
  • Utility Information

    Electricity Available, Other
  • Location Information

    Direction: Property is located on John Wesley Dobbs Ave NE across from David T Howard Middle School. WaterSource: Public Security Features: Carbon Monoxide Detector(s)
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ByOwner last updated this listing 06/20/2026 @ 21:58

MLS: 7757214 LISTED BY: Justin Longenbach, HomeSmart 404-876-4901 SOURCE: First Multiple Listing Service (FMLS)

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