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.
Active
$339,000
477 Fairlane Cir NW, Atlanta, GA 30331
--beds
--baths
--sqft
Multi Family, Duplex
Built in 1960
-- sqft lot
$335,100 Zestimate®
$--/sqft
$-- HOA
What's special
- 111 days
- 341
- 42
Zillow last checked:
Listing updated:
Listed by:
Rick Wiley 404-620-1400,
Coldwell Banker Realty
Source: GAMLS,MLS#: 10794777
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: 110 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$335,100
$318,000 - $352,000
$1,642/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 |
|---|---|---|
| 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
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Neighborhood: Fairburn Heights
Nearby schools
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.








