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  • $489,900

    2045 Lois Pl NW, Atlanta, GA 30318

    10beds
    6baths
    --sqft
    Duplex, Residential Income
    Built in 2004
    -- sqft lot
    $490,000 Zestimate®
    $--/sqft
    $1,989 Estimated rent

    Home value

    $490,000

    $461,000 - $519,000

    $1,989/mo

    Zestimate® history
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    What's special

    10% CAP RATE | $70K+ ANNUAL RENT | CONFORMING DUPLEX Secure a premier, battle-tested asset in Atlanta’s high-growth Grove Park with this legal duplex at 2045 Lois Pl NW, a turnkey powerhouse currently generating nearly $6,000 in monthly gross income with proven potential to exceed $7,000. Built in 2004, this newer-construction brick and frame property offers a robust 10-bedroom, 6-bathroom configuration—5 bedrooms and 3 full baths per side—specifically designed for maximum cash flow. With a conservative 10% Cap Rate and a 17% Cash-on-Cash return, the numbers represent a sophisticated investment opportunity in a key growth corridor that has grossed over $70,000 in the past year. The property has operated as a high-performing PadSplit since 2019, maintaining a remarkable 325-day average member tenure that provides instant revenue and mitigated vacancy risk for the next owner. Recent strategic shifts in February 2025 have further slashed operating expenses, and there is a potential for an additional 8% monthly income upside for those who choose to self-manage. Each unit features an exceptionally strong rental footprint with renovated kitchens, durable hardwood flooring, and separately metered utilities to minimize owner oversight while offering the structural reliability of modern construction for a high-density rental model. Nestled in the heart of Grove Park, the asset is perfectly positioned for the "Westside Park" effect, located just steps from the new Shirley Clarke Franklin Park and the Westside BeltLine expansion to ensure long-term appreciation. Tenants benefit from excellent transit accessibility, including a 10-minute walk to the nearest MARTA bus stop, which connects directly to Downtown and Midtown. This is a rare opportunity to acquire a high-bedroom-count, cash-flowing asset in one of Atlanta's most explosive corridors with immediate revenue and significant future upside.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kathleen Levy,

    Keller Williams Realty Metro Atlanta 404-564-5560

    Bought with:

    Mona M Houston, 279295

    The Realty Group

    Source: FMLS GA,MLS#: 7734889MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 6
    Heating
    • Central, Forced Air
    Cooling
    • Central Air
    Features
    • Windows: Double Pane Windows, Insulated Windows

    Property

    Parking
    • Total spaces: 5
    • Parking features: Parking Lot
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Fencing: None
    • Has view: Yes
    • View description: City, Neighborhood
    • Waterfront features: None
    • Body of water: None
    Lot
    • Size: 7,492 Square Feet
    • Features: Rectangular Lot, Sloped, Other
    Details
    • Parcel number: 17 022600030272

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Residential Income
    Materials
    • Brick, Vinyl Siding
    • Roof: Composition,Shingle
    Condition
    • Resale
    • New construction: No
    • Year built: 2004

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
    Green energy
    • Energy efficient items: None
    • Energy generation: None

    Community & HOA

    Community
    • Features: Near Beltline, Near Public Transport, Near Schools, Near Shopping, Park, Restaurant, Sidewalks, Street Lights
    • Security: None
    • Subdivision: Grove Park
    HOA
    • Has HOA: No
    Location
    • Region: Atlanta

    Financial & listing details

    • Tax assessed value: $370,600
    • Annual tax amount: $5,564
    • Date on market: 3/13/2026
    • Cumulative days on market: 9 days
    • Listing terms: 1031 Exchange,Cash,Other
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    6/16/2026Sold$489,900
    Source: FMLS GA #7734889 Report a problem
    5/5/2026Pending sale$489,900
    Source: FMLS GA #7734889 Report a problem
    4/15/2026Listed for sale$489,900
    Source: FMLS GA #7734889 Report a problem
    4/10/2026Pending sale$489,900
    Source: FMLS GA #7734889 Report a problem
    3/13/2026Listed for sale$489,900-2%
    Source: GAMLS #10710126 Report a problem
    3/7/2026Listing removed$499,900
    Source: GAMLS #10652939 Report a problem
    3/5/2026Listed for sale$499,900
    Source: GAMLS #10652939 Report a problem
    3/4/2026Pending sale$499,900
    Source: GAMLS #10652939 Report a problem
    12/4/2025Listed for sale$499,900+102.1%
    Source: GAMLS #10652939 Report a problem
    10/21/2019Sold$247,311+23.7%
    Source: Public Record Report a problem
    6/11/2019Listing removed$1,095
    Source: Perimeter Property Services Report a problem
    5/19/2019Listed for rent$1,095
    Source: Perimeter Property Services Report a problem
    3/15/2019Sold$200,000
    Source: FMLS GA #6505808 Report a problem
    2/20/2019Pending sale$200,000
    Source: Keller Williams Realty Atlanta Classic #6505808 Report a problem
    2/14/2019Listed for sale$200,000+1233.3%
    Source: Keller Williams Atl. Classic #8526729 Report a problem
    8/27/2015Sold$15,000-50%
    Source: Public Record Report a problem
    11/25/2014Sold$30,000+650%
    Source: Public Record Report a problem
    4/15/2013Sold$4,000+300%
    Source: Public Record Report a problem
    11/29/2012Listing removed$1,000
    Source: Williams & Williams Worldwide Real Estate Auction Report a problem
    10/26/2012Listed for sale$1,000-95%
    Source: Williams & Williams Worldwide Real Estate Auction Report a problem
    8/6/2012Listing removed$19,900
    Source: RE/MAX Metro Atlanta Cityside #3222762 Report a problem
    7/4/2012Price change$19,900+33.6%
    Source: ReMax Metro Atlanta Cityside #03222762 Report a problem
    6/28/2012Price change$14,900-25.1%
    Source: Remax Metro Atlanta, INC. #03222762 Report a problem
    4/27/2012Listed for sale$19,900-84.8%
    Source: RE/MAX Metro Atlanta Cityside #3222762 Report a problem
    9/16/2008Sold$130,792-63.2%
    Source: Public Record Report a problem
    12/8/2004Sold$355,000
    Source: Public Record Report a problem
    9/9/2004Sold$355,000-20.4%
    Source: Public Record Report a problem
    3/30/2004Sold$446,200+395.8%
    Source: Public Record Report a problem
    2/18/2002Sold$90,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,144 +28.3%$148,240 +93%
    2023$2,450 -21.2%$76,800
    2022$3,108 +17.5%$76,800
    2021$2,645 -15.8%$76,800 +1.2%
    2020$3,141 +125.1%$75,880 +72.5%
    2019$1,395 $44,000 +98.2%
    2018$1,395 $22,200 +270%
    2017$1,395 +89.7%$6,000
    2016$735 +24.2%$6,000 -49.8%
    2015$592 $11,960 +647.5%
    2014$592 -56.1%$1,600 -94.8%
    2013$1,350 -0.7%$30,600
    2012$1,360 $30,600
    2011-- $30,600 -29.9%
    2010$1,929 +18116.5%$43,680 -62%
    2009$11 $115,000 -10%
    2008-- $127,800 -0.1%
    2007$1,348 $127,960
    Find assessor info on the county website

    Neighborhood: Grove Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: William M.Boyd
    • Middle: John Lewis Invictus Academy/Harper-Archer
    • High: Frederick Douglass

    Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $490,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $490,000