This turnkey 8-bedroom, 3-bathroom (2 shared baths) co-living home presents a rare opportunity for investors seeking high monthly cash flow in the Atlanta metro area. Fully renovated and fully occupied through PadSplit, this 1,850 sqft property generates $4,450/month in gross rents with an estimated NOI of $2,300/month and a 10.6% cap rate. Just minutes from major interstates and Hartsfield-Jackson International Airport, Magnolia Drive is ideally positioned for workforce housing, attracting reliable tenants looking to live closer to job hubs. PadSplit is a co-living platform that helps provide affordable housing to working professionals while maximizing returns for property owners. The platform handles tenant screening and onboarding, income verification, rent collection, and provides easy communication and maintenance management tools. If you're unfamiliar with how PadSplit works or want to explore whether this model is right for you, reach out—we’d be happy to walk you through it.
Closed
$230,000
8451 Magnolia Dr, Jonesboro, GA 30238
8beds
1,851sqft
Single Family Residence, Residential
Built in 1971
0.26 Acres Lot
$223,700 Zestimate®
$124/sqft
$1,908 Estimated rent
Home value
$223,700
$188,000 - $255,000
$1,908/mo
Zestimate® history
Owner options
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$1,908/mo
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$1,908/mo
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$1,543/mo
Est. payment
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$1,543/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Caitlyn Verdugo,
Keller Williams Realty Metro Atlanta 404-564-5560
Bought with:
Anthony Williams, 443826
Keller Williams Realty Metro Atlanta
Source: FMLS GA,MLS#: 7569651
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Other
Primary bedroom
- Features: Other
- Level: Other
Bedroom
- Features: Other
Primary bathroom
- Features: None
Dining room
- Features: None
Kitchen
- Features: None
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Range, Refrigerator
- Laundry: Common Area
Features
- Other
- Flooring: Carpet, Ceramic Tile, Vinyl
- Windows: None
- Basement: Exterior Entry
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,851
- Total interior livable area: 1,851 sqft
- Finished area above ground: 1,201
- Finished area below ground: 650
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Patio & porch: Deck
- Exterior features: None
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.26 Acres
- Dimensions: 75x152x75x152
- Features: Back Yard
Details
- Additional structures: None
- Parcel number: 13239C F008
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence, Residential
Materials
- Cedar, Frame, Wood Siding
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- Resale
- New construction: No
- Year built: 1971
Utilities & green energy
- Electric: Other
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: None
- Security: None
- Subdivision: Markland
HOA
- Has HOA: No
Location
- Region: Jonesboro
Financial & listing details
- Price per square foot: $124/sqft
- Tax assessed value: $187,000
- Annual tax amount: $2,918
- Date on market: 5/1/2025
- Cumulative days on market: 14 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2025 | Sold | $230,000-9.8%$124/sqft |
Source:  FMLS GA #7569651 Report a problem | ||
| 5/16/2025 | Pending sale | $255,000$138/sqft |
Source: FMLS GA #7569651 Report a problem | ||
| 5/1/2025 | Listed for sale | $255,000+18.6%$138/sqft |
Source:  GAMLS #10511216 Report a problem | ||
| 10/8/2024 | Sold | $215,000-6.1%$116/sqft |
Source: Public Record Report a problem | ||
| 9/24/2024 | Pending sale | $229,000$124/sqft |
Source: GAMLS #10363322 Report a problem | ||
| 9/6/2024 | Price change | $229,000-4.2%$124/sqft |
Source: FMLS GA #7440200 Report a problem | ||
| 8/22/2024 | Listed for sale | $239,000+59.3%$129/sqft |
Source: FMLS GA #7440200 Report a problem | ||
| 8/25/2021 | Sold | $150,000+138.5%$81/sqft |
Source:  GAMLS #9014133 Report a problem | ||
| 6/9/1995 | Sold | $62,900$34/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,865 -1.8% | $74,800 |
| 2024 | $2,918 +8% | $74,800 |
| 2023 | $2,701 +17.4% | $74,800 +27.6% |
| 2022 | $2,301 +94% | $58,640 +46.5% |
| 2021 | $1,186 +44.5% | $40,040 +31.1% |
| 2020 | $821 +19.3% | $30,531 -54.7% |
| 2019 | $688 +19.1% | $67,393 +178.1% |
| 2018 | $578 +23.3% | $24,232 +12.6% |
| 2017 | $469 +7.2% | $21,517 +3.7% |
| 2016 | $437 | $20,745 |
| 2015 | $437 +13.7% | -- |
| 2014 | $385 +161.6% | $20,950 |
| 2013 | $147 -1% | -- |
| 2012 | $149 -5.3% | -- |
| 2011 | $157 -5.7% | -- |
| 2010 | $166 -76.1% | -- |
| 2009 | $697 -28% | -- |
| 2008 | $968 +1.3% | -- |
| 2007 | $955 -0.4% | -- |
| 2006 | $959 +22.9% | -- |
| 2005 | $781 +15.5% | -- |
| 2003 | $676 +18.1% | -- |
| 2002 | $573 +18% | -- |
| 2001 | $485 +37% | -- |
| 2000 | $354 | -- |
Find assessor info on the county website
Neighborhood: 30238
Nearby homes
- $--1 bd1 ba-- sqft8451 Magnolia Dr #13188877, Jonesboro, GA 30238Off Market
- $222,3003 bd1 ba1.6k sqft8455 Magnolia Dr, Jonesboro, GA 30238Off Market
- $256,7003 bd2 ba1.8k sqft8447 Magnolia Dr, Jonesboro, GA 30238Off Market
- $212,9003 bd2 ba1.3k sqft673 Sycamore Dr, Jonesboro, GA 30238Off Market
- $161,4003 bd1 ba1.2k sqft8443 Magnolia Dr, Jonesboro, GA 30238Off Market
- $209,8003 bd2 ba1.4k sqft667 Sycamore Dr, Jonesboro, GA 30238Off Market
- $224,6004 bd2 ba1.6k sqft8459 Magnolia Dr, Jonesboro, GA 30238Off Market
- $165,0003 bd1 ba1.2k sqft8372 Holly Dr, Jonesboro, GA 30238Off Market
Nearby schools
GreatSchools rating
- 2/10Lee Street Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 5/10Jonesboro Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Jonesboro High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Lee Street
- Middle: Jonesboro
- High: Jonesboro
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
$223,700
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
$223,700
- Georgia
- Clayton County
- Jonesboro
- 30238
- 8451 Magnolia Dr
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