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537 MORGAN ST NE Atlanta, GA 30308
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Key Details
Sold Price $815,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,450 sqft
Price per Sqft $332
Subdivision Old Fourth Ward
MLS Listing ID 10654952
Style Bungalow/Cottage
Bedrooms 4
Full Baths 4
Year Built 1920
Annual Tax Amount $6
Tax Year 2024
Lot Size 3,833 Sqft
Property Sub-Type Single Family Residence
Property Description
Fantastic cash-flow investment opportunity! This high-performing triplex is fully occupied and generating strong returns, offering investors immediate income and minimal vacancy risk from day one. Ideal for both owner-occupants interested in "house hacking" and traditional investors, this property combines versatility, charm, and a prime location. The top-floor unit features a spacious single-family-style layout with 2 bedrooms, 2 bathrooms, a bonus room, separate living and dining areas, and a private backyard. Each of the two lower units offers 1 bedroom and 1 bathroom. Whether you plan to live in one unit while renting the others or pursue a straightforward rental strategy, this property balances character with solid investment fundamentals. Located just one block from Ponce City Market, the Beltline, and Historic Fourth Ward Park-with convenient access to major highways and public transportation-this triplex ensures exceptional walkability and connectivity. The property also allows short-term rentals, producing monthly income between $1,300-$2,200 per selected unit. In total, the property offers 4 bedrooms and 4 bathrooms across all units. With its prime location, strong performance, and flexible use options, this is a true gem for anyone seeking a lucrative and reliable investment.
Location
State GA
County Fulton
Interior
Heating Central, Natural Gas
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Laminate, Tile
Fireplaces Number 1
Fireplaces Type Living Room
Laundry Other
Exterior
Exterior Feature Other
Parking Features None
Fence Other
Community Features Park, Sidewalks, Street Lights, Near Public Transport, Walk To Schools, Near Shopping
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description No Dock Or Boathouse
View Y/N No
Roof Type Composition
Building
Lot Description Level
Sewer Public Sewer
Water Public
Structure Type Concrete,Stucco
New Construction No
Schools
Elementary Schools Hope Hill
Middle Schools David T Howard
High Schools Grady
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Resale
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