TURNKEY LUXURY INVESTMENT - Welcome to "The Dobbs," an exceptional luxury income property in the heart of Old Fourth Ward. This 3,700+ square foot estate offers a rare 5-star investment opportunity with proven historical performance. Positioned just 4 blocks from the Atlanta BeltLine Eastside Trail and directly on the Freedom Trail Path, the location provides guests with effortless access to Mercedes-Benz Stadium, Centennial Olympic Park, and the city's top dining and entertainment districts. VERSATILE REVENUE STREAM: Currently operating as a premier short-term rental, this property is sold FULLY FURNISHED and equipped for a seamless transition. The two-unit duplex layout offers unmatched flexibility: continue as a high-performing vacation rental, pivot to mid-term corporate housing, or convert into a grand single-family residence. THE LAYOUT: The main level features 3 bedrooms and 2 bathrooms with soaring 12-foot ceilings and an updated chef's kitchen. The upper level offers 2 bedrooms, 2 bathrooms, and a large loft-style third bedroom. Both units feature updated finishes and designer touches throughout. OUTDOOR AMENITIES: Professionally designed, resort-style landscaping creates a private urban retreat in both the front and rear yards, consistently driving 5-star guest reviews and premium nightly rates. Own a piece of Atlanta history with guaranteed day-one cash flow in the city's most in-demand neighborhood.
Coming soon 08/14
$1,649,000
540 John Wesley Dobbs Ave NE, Atlanta, GA 30312
--beds
--baths
--sqft
:
Get pre-qualified$11,965/mo
Multi Family, Duplex
Built in 1920
-- sqft lot
$1,558,400 Zestimate®
$--/sqft
$-- HOA
What's special
- --
- on Zillow |
- 353
- views |
- 12
- saves |
Zillow last checked:
Listing updated:
Listed by:
Justin Longenbach 770-406-6262,
Compass
Source: GAMLS,MLS#: 10817730
Facts & features
Interior
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric, Heat Pump
Appliances
- Laundry: Common Area, In Unit
Features
- Basement: None
- Has fireplace: No
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
- Body of water: None
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 14 004600061132
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Other
Condition
- Resale
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Green energy
- Energy efficient items: Appliances, Insulation, Thermostat, Water Heater
Community & HOA
Community
- Features: Park, Sidewalks, Street Lights
- Subdivision: Old Fourth Ward
HOA
- Has HOA: No
- Services included: None
Location
- Region: Atlanta
Financial & listing details
- Tax assessed value: $1,501,100
- Annual tax amount: $24,563
- Date on market: 8/14/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
$1,558,400
$1.48M - $1.64M
$2,473/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2026 | Listing removed | $1,648,990 |
Source:  GAMLS #10738258 Report a problem | ||
| 5/29/2026 | Price change | $1,648,9900% |
Source: GAMLS #10738258 Report a problem | ||
| 4/22/2026 | Listed for sale | $1,649,000-2.4% |
Source:  FMLS GA #7757214 Report a problem | ||
| 4/3/2026 | Listing removed | $1,690,000 |
Source: GAMLS #10661913 Report a problem | ||
| 2/24/2026 | Price change | $1,690,000-2.3% |
Source: GAMLS #10661913 Report a problem | ||
| 12/22/2025 | Listed for sale | $1,730,000+28.6% |
Source: GAMLS #10661024 Report a problem | ||
| 1/14/2022 | Sold | $1,345,000-10.3% |
Source: FMLS GA #6943912 Report a problem | ||
| 1/6/2022 | Pending sale | $1,500,000 |
Source: FMLS GA #6943912 Report a problem | ||
| 12/31/2021 | Contingent | $1,500,000 |
Source: FMLS GA #6943912 Report a problem | ||
| 12/21/2021 | Listed for sale | $1,500,000 |
Source: FMLS GA #6943912 Report a problem | ||
| 11/25/2021 | Pending sale | $1,500,000 |
Source: FMLS GA #6943912 Report a problem | ||
| 11/17/2021 | Contingent | $1,500,000 |
Source: FMLS GA #6943912 Report a problem | ||
| 11/10/2021 | Listed for sale | $1,500,000 |
Source: FMLS GA #6943912 Report a problem | ||
| 10/6/2021 | Pending sale | $1,500,000 |
Source: FMLS GA #6943912 Report a problem | ||
| 9/27/2021 | Contingent | $1,500,000 |
Source: FMLS GA #6943912 Report a problem | ||
| 9/18/2021 | Listed for sale | $1,500,000+130.8% |
Source: FMLS GA #6943912 Report a problem | ||
| 8/21/2020 | Sold | $650,000-7.1% |
Source:  FMLS GA #6749787 Report a problem | ||
| 7/15/2020 | Pending sale | $699,900 |
Source: Keller Williams Realty #8818507 Report a problem | ||
| 7/9/2020 | Listed for sale | $699,900+169.2% |
Source: Keller Williams Realty Intown ATL #6749787 Report a problem | ||
| 3/5/2004 | Sold | $260,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $24,563 +13.8% | $600,440 +13.9% |
| 2024 | $21,577 +55.3% | $527,040 +21% |
| 2023 | $13,896 +22.8% | $435,600 +55.8% |
| 2022 | $11,315 +34.2% | $279,600 |
| 2021 | $8,433 -1.5% | $279,600 +35.3% |
| 2020 | $8,558 +44.2% | $206,720 |
| 2019 | $5,934 | $206,720 |
| 2018 | $5,934 | $206,720 +58.5% |
| 2017 | $5,934 +11.5% | $130,400 |
| 2016 | $5,323 +12.9% | $130,400 +32.6% |
| 2015 | $4,716 +5.7% | $98,360 |
| 2014 | $4,460 +201.9% | $98,360 -23% |
| 2013 | $1,477 +9% | $127,760 +256.1% |
| 2012 | $1,355 | $35,880 |
| 2011 | -- | $35,880 |
| 2010 | $1,585 | $35,880 -55.7% |
| 2009 | -- | $81,080 |
| 2008 | -- | $81,080 +17% |
| 2007 | $445 -27.4% | $69,320 +12.4% |
| 2004 | $613 | $61,680 |
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.Climate risks
Neighborhood: Old Fourth Ward
Nearby schools
GreatSchools rating
- 5/10Hope Hill Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 9/10David T Howard Middle SchoolGrades: 6-8Distance: 0.1 mi
- 9/10Midtown High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Hope Hill
- Middle: David T Howard
- High: Grady
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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- $1,190,0004 bd2 ba4.7k sqft550 John Wesley Dobbs Ave NE, Atlanta, GA 30312Off Market
- $2,2503 bd2 ba1.5k sqft550 John Wesley Dobbs Ave NE APT C, Atlanta, GA 30312For Rent
- $557,7003 bd2 ba1.7k sqft550 John Wesley Dobbs Ave NE APT B, Atlanta, GA 30312Off Market
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A local agent can set up tours, give advice and negotiate with sellers.
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