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Daphne Howell

howelldr2020@yahoo.com +1(404) 934-4733

$ 750,000

Est. payment -/mo

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Price Dropped by $19K

1515 Beech Valley WAY NE Atlanta, GA 30306

0.48 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Morningside/Druid Hills

MLS Listing ID 7819736

Construction Status Resale

HOA Y/N No

Year Built 1948

Annual Tax Amount $10,814

Tax Year 2025

Lot Size 0.480 Acres

Acres 0.48

Property Sub-Type Duplex

Source First Multiple Listing Service

Property Description

Located in the highly desirable Druid Hills/Morningside corridor, this side-by-side duplex offers a compelling investment opportunity in one of Atlanta's strongest rental markets. Projected combined rents of approximately $5,000-$6,000 per month provide potential gross rental income of $60,000-$72,000 annually. With estimated operating expenses of approximately $19,000 per year, projected Net Operating Income ranges from approximately $41,000-$53,000, depending on achieved rents. One unit is currently vacant, and the second unit is expected to be vacant by mid-September, giving a new owner flexibility to establish market rents, renovate or reposition the property, or potentially occupy one side while leasing the other. Both units feature a spacious townhome-style layout with 3 bedrooms and 2 full baths upstairs. The main levels include separate living and dining rooms, kitchens, half baths, pantries, and additional storage closets. Each residence also has access to a substantial portion of the lower level with laundry facilities and additional storage. The property features separate entrances, a circular driveway with parking for approximately four vehicles, and individually metered gas, electric, and water service—simplifying management and keeping utility expenses separate between units. Ideally positioned near Emory University, Virginia-Highland, Piedmont Park, Midtown, Buckhead, Decatur, and nearby MARTA access, the property also enjoys the natural surroundings of Daniel Johnson Nature Preserve directly behind the property. This combination of location, spacious floor plans, separate utilities, parking, and strong rental potential creates an attractive opportunity for both immediate income and long-term appreciation. The property may also be eligible for annexation into the City of Atlanta, which could provide access to the Atlanta Public Schools system. Any annexation eligibility, process, school assignment, and related benefits should be independently verified by the buyer with the City of Atlanta and applicable governmental authorities.

Location

State GA

County Dekalb

Area Morningside/Druid Hills

Lake Name None

Interior

Heating Central, Forced Air, Gravity, Natural Gas

Cooling Central Air, Electric

Flooring Hardwood, Tile

Window Features Aluminum Frames

Exterior

Parking Features Driveway, Level Driveway

Fence Back Yard, Chain Link, Fenced

Community Features Near Public Transport, Near Shopping, Park, Street Lights

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View City, Other

Roof Type Composition,Shingle

Accessibility None

Handicap Access None

Total Parking Spaces 4

Private Pool false

Building

Lot Description Corner Lot

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick 4 Sides

Construction Status Resale

Schools

Elementary Schools Briar Vista

Middle Schools Druid Hills

High Schools Druid Hills

Others

Senior Community no

Tax ID 18 055 10 004

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.zillow.com/view-imx/b25ad91b-1f57-4aaa-9774-c17425c9c549?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Listed by REMAX Metro Atlanta Cityside

NEARBY SCHOOLS & PROPERTIES

Daphne Howell

Broker Associate

+1(404) 934-4733

Daphne Howell

1515 Beech Valley WAY NE Atlanta, GA 30306

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1515 Beech Valley WAY NE