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  • $339,000

    477 Fairlane Cir NW, Atlanta, GA 30331

    --beds
    --baths
    --sqft
    : 
    $2,444/mo
    Get pre-qualified
    Multi Family, Duplex
    Built in 1960
    -- sqft lot
    $335,300 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Beautifully updated kitchensNew water heatersNew hvac systemsRenovated bathroomsFlexible layout
    Exceptional turnkey investment opportunity with immediate cash flow! This proven income-producing asset is 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 property offers immediate cash flow, dependable rental income, and exceptional long-term investment potential.
    59 days
    |
    384
    |
    44
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Rick Wiley 404-620-1400,

    Coldwell Banker Realty

    Source: GAMLS,MLS#: 10794777MLS Logo

      Facts & features

      Interior

      Heating
      • Central
      Cooling
      • Attic Fan, Ceiling Fan(s), Central Air
      Features
      • Basement: None
      • Has fireplace: No

      Property

      Parking
      • Total spaces: 4
      • Parking features: Parking Pad
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Body of water: None
      Lot
      • Size: 8,712 Square Feet
      Details
      • Parcel number: 14 024200040385
      • Special conditions: Investor Owned

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Duplex
      Materials
      • Block
      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

      Community & HOA

      Community
      • Features: Golf, Playground, Pool, Street Lights, Tennis Court(s), Near Public Transport, Walk To Schools, Near Shopping
      • Subdivision: None
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Atlanta

      Financial & listing details

      • Tax assessed value: $184,900
      • Annual tax amount: $3,028
      • Date on market: 6/28/2026
      • Cumulative days on market: 59 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,FHA,VA Loan

        Estimated market value

        $335,300

        $319,000 - $352,000

        $1,649/mo

        Price history

        DateEventPrice
        6/28/2026Listed for sale$339,000+11.1%
        Source: GAMLS #10794777 Report a problem
        6/16/2026Listing removed$305,000
        Source: GAMLS #10767171 Report a problem
        5/19/2026Listed for sale$305,000-12.9%
        Source: GAMLS #10767171 Report a problem
        3/25/2026Listing removed$1,600
        Source: GAMLS #10687590 Report a problem
        3/17/2026Listed for rent$1,600-40.7%
        Source: GAMLS #10687590 Report a problem
        3/16/2026Listing removed$2,700
        Source: Zillow Rentals Report a problem
        2/10/2026Price change$2,700-16.9%
        Source: Zillow Rentals Report a problem
        2/6/2026Listed for rent$3,250
        Source: Zillow Rentals Report a problem
        1/7/2026Listing removed$350,000
        Source: GAMLS #10619374 Report a problem
        10/6/2025Listed for sale$350,000+89.2%
        Source: GAMLS #10619374 Report a problem
        10/2/2024Sold$185,000-27.2%
        Source: Public Record Report a problem
        9/1/2022Listing removed$254,000
        Source: FMLS GA #7090787 Report a problem
        8/20/2022Price change$254,000-1.9%
        Source: FMLS GA #7090787 Report a problem
        7/28/2022Listed for sale$259,000-0.4%
        Source: FMLS GA #7090787 Report a problem
        7/26/2022Listing removed$260,000
        Source: FMLS GA #7056678 Report a problem
        6/3/2022Price change$260,000-3.3%
        Source: FMLS GA #7056678 Report a problem
        5/31/2022Listed for sale$269,000
        Source: FMLS GA #7056678 Report a problem
        3/19/2022Listing removed$269,000
        Source: FMLS GA #7008771 Report a problem
        3/4/2022Listed for sale$269,000+371.9%
        Source: FMLS GA #7008771 Report a problem
        5/24/2018Sold$57,000+15.2%
        Source: GAMLS #8365211 Report a problem
        4/26/2018Pending sale$49,500
        Source: Keller Williams Atl.Perimeter #8365211 Report a problem
        4/20/2018Listed for sale$49,500-38.1%
        Source: Keller Williams Atl.Perimeter #8365211 Report a problem
        3/20/2018Listing removed$80,000
        Source: ORIGINS REAL ESTATE #5969995 Report a problem
        3/16/2018Listed for sale$80,000
        Source: Origins Real Estate of Georgia #8331498 Report a problem
        3/6/2018Pending sale$80,000
        Source: Origins Real Estate of Georgia #8331498 Report a problem
        2/26/2018Listed for sale$80,000+334.8%
        Source: Origins Real Estate of Georgia #8331498 Report a problem
        1/25/2010Sold$18,400-58.5%
        Source: Public Record Report a problem
        11/10/2009Sold$44,319-45.5%
        Source: Public Record Report a problem
        12/9/2005Sold$81,312+2.9%
        Source: Public Record Report a problem
        10/6/1999Sold$79,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,026 -0.1%$73,960
        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

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Fairburn Heights

        Getting around

        27 / 100
        Car-Dependent
        36 / 100
        Some Transit
        21 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Harper-Archer
        • Middle: Harper Archer
        • High: Douglass

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

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