Exceptional investment opportunity in Atlanta’s desirable West End, just minutes from the Atlanta University Center (AUC). This 15-unit rooming house is currently operated as a PadSplit-style shared housing property, generating approximately $10K in gross monthly income. Designed for consistent demand, the property benefits from its proximity to major employers, public transportation, downtown Atlanta, and multiple colleges and universities. The existing rooming house layout allows for efficient operations and strong cash flow, making it ideal for investors seeking immediate income with upside potential. Whether you’re expanding a PadSplit portfolio or looking for a high-yield asset in a rapidly appreciating area, this property delivers location, scale, and proven performance. ALL TENANTS ARE ON WEEKLY LEASES so new owner has no contractual obligations to keep current tenants. **CASH OR HARD MONEY ONLY*
Pending
$599,990
969 Palmetto Ave SW, Atlanta, GA 30314
15beds
4baths
--sqft
:
Get pre-qualified$4,325/mo
Other, Residential Income
Built in 2003
-- sqft lot
$568,400 Zestimate®
$--/sqft
$-- HOA
What's special
- 165 days |
- 420 |
- 32 |
Zillow last checked:
Listing updated:
Listed by:
River Bonds,
Fleur De Lee Realty, LLC 678-250-4114
Source: FMLS GA,MLS#: 7715908
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Features
- Windows: Insulated Windows
Video & virtual tour
Property
Parking
- Parking features: Driveway, Level Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 5,000 Square Feet
- Features: Other
Details
- Parcel number: 14 011600050098
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other, Residential Income
Materials
- Block
- Roof: Other
Condition
- Resale
- New construction: No
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Other
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: None
- Security: None
- Subdivision: Ashview Heights
HOA
- Has HOA: No
Location
- Region: Atlanta
Financial & listing details
- Tax assessed value: $501,300
- Annual tax amount: $8,203
- Date on market: 2/9/2026
- Cumulative days on market: 135 days
- Electric utility on property: Yes
Estimated market value
$568,400
$540,000 - $597,000
$1,444/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Pending sale | $599,990 |
Source:  GAMLS #10688959 Report a problem | ||
| 2/10/2026 | Listed for sale | $599,990+62.2% |
Source:  FMLS GA #7715908 Report a problem | ||
| 3/27/2025 | Sold | $370,000-17.8% |
Source: FMLS GA #7413481 Report a problem | ||
| 8/13/2024 | Pending sale | $450,000 |
Source: FMLS GA #7413481 Report a problem | ||
| 7/26/2024 | Price change | $450,000-10% |
Source: FMLS GA #7413481 Report a problem | ||
| 7/1/2024 | Listed for sale | $500,000+1136.3% |
Source: FMLS GA #7413481 Report a problem | ||
| 11/29/2011 | Listing removed | $125 |
Source: AmericanHome, llc. Report a problem | ||
| 9/2/2011 | Listed for rent | $125 |
Source: AmericanHome, llc. Report a problem | ||
| 1/4/2011 | Sold | $40,442-86.5% |
Source: Public Record Report a problem | ||
| 3/23/2004 | Sold | $300,000+1614.3% |
Source: Public Record Report a problem | ||
| 1/22/2002 | Sold | $17,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,203 -0.8% | $200,520 -0.8% |
| 2024 | $8,273 +28.3% | $202,080 |
| 2023 | $6,446 +6.7% | $202,080 +12.6% |
| 2022 | $6,043 -2.1% | $179,440 +20.2% |
| 2021 | $6,170 +283.7% | $149,320 +284.4% |
| 2020 | $1,608 -12.7% | $38,840 |
| 2019 | $1,842 | $38,840 |
| 2018 | $1,842 | $38,840 +26.4% |
| 2017 | $1,842 -2.9% | $30,720 |
| 2016 | $1,897 +0.1% | $30,720 |
| 2015 | $1,896 +76% | $30,720 +29.3% |
| 2014 | $1,077 +106.9% | $23,760 +101.4% |
| 2013 | $521 -29.4% | $11,800 -28.9% |
| 2012 | $738 -70.1% | $16,600 -65.9% |
| 2011 | $2,466 -46.6% | $48,680 -53.4% |
| 2010 | $4,618 +319.4% | $104,560 |
| 2009 | $1,101 | $104,560 -10% |
| 2008 | -- | $116,160 |
| 2007 | $1,223 | $116,160 |
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: Ashview Heights
Nearby schools
GreatSchools rating
- 2/10M. A. Jones Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Herman J. Russell West End AcademyGrades: 6-8Distance: 1.3 mi
- 2/10Booker T. Washington High SchoolGrades: 9-12Distance: 0.1 mi
Schools provided by the listing agent
- Elementary: M. A. Jones
- Middle: Herman J. Russell West End Academy
- High: Booker T. Washington
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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A local agent can set up tours, give advice and negotiate with sellers.
