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.
Closed
$815,000
537 Morgan St NE, Atlanta, GA 30308
4beds
--sqft
Single Family Residence, Residential
Built in 1920
3,833.28 Square Feet Lot
$825,200 Zestimate®
$--/sqft
$4,037 Estimated rent
Home value
$825,200
$759,000 - $899,000
$4,037/mo
Zestimate® history
Owner options
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$4,037/mo
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$4,037/mo
Rent Zestimate®
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$4,821/mo
Est. payment
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$4,821/mo
Est. payment
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Private backyardSpacious single-family-style layoutBonus room
Zillow last checked:
Listing updated:
Listing Provided by:
Rita Sinclair,
Realty One Group Edge 770-990-2219
Bought with:
Welton Li, 450187
Georgia Properties Consultants of Atlanta, LLC
Source: FMLS GA,MLS#: 7690771
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
- Main level bedrooms: 2
Primary bedroom
- Features: None
- Level: None
Bedroom
- Features: None
Primary bathroom
- Features: None
Dining room
- Features: None
Kitchen
- Features: Pantry
Heating
- Baseboard, Natural Gas
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Other
- Laundry: Other
Features
- Other
- Flooring: Carpet, Laminate, Tile
- Windows: Window Treatments
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 0
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Exterior features: None, No Dock
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 3,833 sqft
- Features: Level
Details
- Additional structures: None
- Parcel number: 14 004700031100
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence, Residential
Materials
- Concrete, Stucco
- Foundation: None
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1920
Details
- Builder name: Rita Sinclair
Utilities & green energy
- Electric: None
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s)
Community
- Community features: Other
Location
- Region: Atlanta
- Subdivision: Old Fourth Ward
Other
Other facts
- Body type: Other
- Road surface type: None
Price history
| Date | Event | Price |
|---|---|---|
| 1/16/2026 | Sold | $815,000+1.9% |
Source:  FMLS GA #7690771 Report a problem | ||
| 1/10/2026 | Pending sale | $800,000 |
Source:  GAMLS #10654952 Report a problem | ||
| 12/9/2025 | Listed for sale | $800,000+1.9% |
Source: GAMLS #10654952 Report a problem | ||
| 9/11/2024 | Sold | $785,000+0.7% |
Source: Public Record Report a problem | ||
| 7/29/2024 | Pending sale | $779,900 |
Source: FMLS GA #7423222 Report a problem | ||
| 7/18/2024 | Listed for sale | $779,900+199% |
Source: GAMLS #10340862 Report a problem | ||
| 8/29/2013 | Sold | $260,800+6.4% |
Source: Public Record Report a problem | ||
| 12/8/2008 | Sold | $245,000-9.3% |
Source: Public Record Report a problem | ||
| 10/19/2008 | Listed for sale | $270,000+108.3% |
Source: Listhub #3802496 Report a problem | ||
| 9/3/2008 | Sold | $129,600-47.2% |
Source: Public Record Report a problem | ||
| 5/27/2008 | Sold | $245,563+49.3% |
Source: Public Record Report a problem | ||
| 11/7/2007 | Sold | $164,500-5.5% |
Source: Public Record Report a problem | ||
| 12/21/2006 | Sold | $174,000-61.3% |
Source: Public Record Report a problem | ||
| 10/12/2005 | Sold | $450,000 |
Source: Public Record Report a problem | ||
| 6/6/2005 | Sold | $450,000 |
Source: Public Record Report a problem | ||
| 3/1/2005 | Sold | $450,000+221.4% |
Source: Public Record Report a problem | ||
| 7/23/2003 | Sold | $140,000 |
Source: Public Record Report a problem | ||
| 5/13/2002 | Sold | $140,000-27.5% |
Source: Public Record Report a problem | ||
| 8/4/2000 | Sold | $193,000+250.9% |
Source: Public Record Report a problem | ||
| 6/18/1998 | Sold | $55,000-32.9% |
Source: Public Record Report a problem | ||
| 2/19/1998 | Sold | $82,000-46.4% |
Source: Public Record Report a problem | ||
| 8/6/1996 | Sold | $153,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,072 +46.8% | $249,400 |
| 2023 | $5,497 -21.2% | $249,400 +13.6% |
| 2022 | $6,975 +10.7% | $219,560 +10.4% |
| 2021 | $6,298 -26.9% | $198,800 -4.5% |
| 2020 | $8,615 +16.2% | $208,080 +14.9% |
| 2019 | $7,411 | $181,120 +2.4% |
| 2018 | $7,411 | $176,880 +10.1% |
| 2017 | $7,411 +485.1% | $160,640 |
| 2016 | $1,267 -78.1% | $160,640 -41.1% |
| 2015 | $5,787 +22.4% | $272,960 +161.7% |
| 2014 | $4,730 | $104,310 +10.6% |
| 2013 | -- | $94,320 -21.4% |
| 2012 | $981 | $119,960 |
| 2011 | -- | $119,960 |
| 2010 | $4,231 +200.2% | $119,960 -23.8% |
| 2009 | $1,409 | $157,440 -0.1% |
| 2008 | -- | $157,600 |
| 2007 | $1,660 -54.2% | $157,600 +98.6% |
| 2002 | $3,627 +45.5% | $79,360 +36.9% |
| 2001 | $2,493 | $57,960 |
Find assessor info on the county website
Neighborhood: Old Fourth Ward
Nearby schools
GreatSchools rating
- 5/10Hope Hill Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 9/10David T Howard Middle SchoolGrades: 6-8Distance: 0.7 mi
- 9/10Midtown High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: John Hope-Charles Walter Hill
- Middle: David T Howard
- High: Midtown
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
$825,200
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
$825,200
- Georgia
- Fulton County
- Atlanta
- 30308
- Old Fourth Ward
- 537 Morgan St NE
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