Exceptional turnkey investment opportunity with immediate cash flow! This newly renovated duplex at 477 Fairlane Circle NW is a proven income-producing asset generating $3,600 per month with both units currently occupied by stable tenants. The property features a spacious 4-bedroom, 3-bath residence leased through the Atlanta Housing Authority at $2,000 per month and a 2-bedroom, 1-bath residence leased to a qualified tenant at $1,600 per month. Both tenants pay their own utilities, maximizing owner cash flow while minimizing operating expenses. Thoughtfully updated approximately one year ago, the property boasts new HVAC systems, new water heaters, beautifully updated kitchens, renovated bathrooms, and numerous additional improvements, providing peace of mind and significantly reducing future maintenance expenses. With its flexible layout, this property is ideally suited for a variety of investment strategies, including PadSplit housing, veteran housing, group home operations, or continued traditional long-term rentals (subject to applicable zoning and local regulations). Perfectly positioned just minutes from I-20, Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, and major employment centers, the location offers exceptional convenience, strong tenant demand, and outstanding long-term appreciation potential. Whether you're adding to an established portfolio or securing your first income-producing property, this fully occupied, newly renovated duplex offers immediate cash flow, dependable rental income, and exceptional long-term investment potential.
Active
$339,000
477 Fairlane Cir NW, Atlanta, GA 30331
6beds
4baths
--sqft
Other, Residential Income
Built in 1960
-- sqft lot
$339,400 Zestimate®
$--/sqft
$-- HOA
What's special
Beautifully updated kitchensNew water heatersNew hvac systemsRenovated bathroomsFlexible layout
- 11 days |
- 745 |
- 90 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Rick Wiley,
Coldwell Banker Realty 404-252-4908
Source: FMLS GA,MLS#: 7795980
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Central
Cooling
- Attic Fan, Ceiling Fan(s), Central Air
Features
- Flooring: Vinyl
- Windows: Insulated Windows
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: No Dock
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 8,712 Square Feet
Details
- Parcel number: 14024200040385
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other, Residential Income
Materials
- Block
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities
Green energy
- Energy efficient items: Insulation, Roof
- Energy generation: None
Community & HOA
Community
- Features: Golf, Near Public Transport, Near Schools, Near Shopping, Playground, Pool, Street Lights, Tennis Court(s)
- Security: None
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Atlanta
Financial & listing details
- Tax assessed value: $184,900
- Annual tax amount: $3,028
- Date on market: 6/28/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$339,400
$322,000 - $356,000
$1,444/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/28/2026 | Listed for sale | $339,000+11.1% |
Source: | ||
| 6/16/2026 | Listing removed | $305,000 |
Source: | ||
| 5/19/2026 | Listed for sale | $305,000-12.9% |
Source: | ||
| 3/25/2026 | Listing removed | $1,600 |
Source: GAMLS #10687590 Report a problem | ||
| 3/17/2026 | Listed for rent | $1,600-40.7% |
Source: GAMLS #10687590 Report a problem | ||
| 3/16/2026 | Listing removed | $2,700 |
Source: Zillow Rentals Report a problem | ||
| 2/10/2026 | Price change | $2,700-16.9% |
Source: Zillow Rentals Report a problem | ||
| 2/6/2026 | Listed for rent | $3,250 |
Source: Zillow Rentals Report a problem | ||
| 1/7/2026 | Listing removed | $350,000 |
Source: | ||
| 10/6/2025 | Listed for sale | $350,000+89.2% |
Source: | ||
| 10/2/2024 | Sold | $185,000-27.2% |
Source: Public Record Report a problem | ||
| 9/1/2022 | Listing removed | $254,000 |
Source: | ||
| 8/20/2022 | Price change | $254,000-1.9% |
Source: | ||
| 7/28/2022 | Listed for sale | $259,000-0.4% |
Source: | ||
| 7/26/2022 | Listing removed | $260,000 |
Source: | ||
| 6/3/2022 | Price change | $260,000-3.3% |
Source: | ||
| 5/31/2022 | Listed for sale | $269,000 |
Source: | ||
| 3/19/2022 | Listing removed | $269,000 |
Source: | ||
| 3/4/2022 | Listed for sale | $269,000+371.9% |
Source: | ||
| 5/24/2018 | Sold | $57,000+15.2% |
Source: | ||
| 4/26/2018 | Pending sale | $49,500 |
Source: Keller Williams Atl.Perimeter #8365211 Report a problem | ||
| 4/20/2018 | Listed for sale | $49,500-38.1% |
Source: Keller Williams Atl.Perimeter #8365211 Report a problem | ||
| 3/20/2018 | Listing removed | $80,000 |
Source: ORIGINS REAL ESTATE #5969995 Report a problem | ||
| 3/16/2018 | Listed for sale | $80,000 |
Source: Origins Real Estate of Georgia #8331498 Report a problem | ||
| 3/6/2018 | Pending sale | $80,000 |
Source: Origins Real Estate of Georgia #8331498 Report a problem | ||
| 2/26/2018 | Listed for sale | $80,000+334.8% |
Source: Origins Real Estate of Georgia #8331498 Report a problem | ||
| 1/25/2010 | Sold | $18,400-58.5% |
Source: Public Record Report a problem | ||
| 11/10/2009 | Sold | $44,319-45.5% |
Source: Public Record Report a problem | ||
| 12/9/2005 | Sold | $81,312+2.9% |
Source: Public Record Report a problem | ||
| 10/6/1999 | Sold | $79,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,028 +28.3% | $73,960 |
| 2023 | $2,359 -5.4% | $73,960 +20% |
| 2022 | $2,495 +2.9% | $61,640 +3% |
| 2021 | $2,424 +38.8% | $59,840 +41.8% |
| 2020 | $1,747 +23.5% | $42,200 -34% |
| 2019 | $1,414 | $63,920 +186.4% |
| 2018 | $1,414 | $22,320 +39.5% |
| 2017 | $1,414 +19.7% | $16,000 |
| 2016 | $1,181 +0.4% | $16,000 |
| 2015 | $1,177 +117.7% | $16,000 +34.2% |
| 2014 | $540 +140.2% | $11,920 +98.7% |
| 2013 | $225 -49% | $6,000 -48.6% |
| 2012 | $441 | $11,680 +58.7% |
| 2011 | -- | $7,360 -81% |
| 2010 | $1,450 +252.8% | $38,640 -1% |
| 2009 | $411 | $39,040 -7.1% |
| 2008 | -- | $42,040 |
| 2007 | $443 | $42,040 +2.5% |
| 2005 | -- | $41,000 +3.6% |
| 2004 | $202 -71.9% | $39,560 +3.7% |
| 2003 | $719 +348.9% | $38,160 +10.5% |
| 2002 | $160 -69.2% | $34,520 +9.5% |
| 2001 | $520 | $31,520 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Fairburn Heights
Nearby schools
GreatSchools rating
- 3/10Harper-Archer Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10John Lewis Invictus AcademyGrades: 6-8Distance: 3 mi
- 2/10Douglass High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Harper-Archer
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Georgia
- Fulton County
- Atlanta
- 30331
- Fairburn Heights
- 477 Fairlane Cir NW








