2794 7th Street SW Atlanta, GA 30315
Listing Courtesy of: MLS LogoFMLS / Coldwell Banker Realty / Rick Wiley - Contact:  404-252-4908

  2794 7th Street SW Atlanta, GA 30315

Active (3 Days)
$325,000 (USD)

Description

Grandfathered duplex-style property offering exceptional income-producing potential in a prime Atlanta location, ideal for both investors and owner-occupants seeking immediate cash flow with future upside. This fully renovated asset is currently generating approximately $3,300 per month, with Unit A configured as a 2-bedroom, 1-bath residence leased at $1,850 per month to a qualified long-term tenant with a strong payment history, and Unit B operating as a short-term rental producing approximately $1,350 to $1,550 net monthly income. The property is equipped with two separate gas meters and offers significant value-add opportunity through the unfinished basement, which is well-suited for conversion into a third unit, potentially a studio or 2-bedroom, 1-bath apartment, with an estimated renovation cost of approximately $35,000 per the seller’s contractor bid. Upon completion, projected gross rental income could reach approximately $5,150 per month across three units. Additional features include ample storage space and a versatile basement area ideal for a home gym, workshop, or expanded living space. With a certified appraised value of $325,000, this property presents a compelling opportunity for house hacking, including FHA or FHA 203(k) financing, allowing an owner-occupant to live in one unit while leveraging rental income from the others to offset mortgage expenses, all within close proximity to Atlanta’s key amenities, employment hubs, and growth corridors.

MLS #:
7740026
Taxes
$2,938(2024)
Lot Size
8,886 SQFT
Type
Multifamily
Year Built
1932
Views
City
County
Fulton County
Community
Hammond Park

Listed By

Rick Wiley, Coldwell Banker Realty, Contact: 404-252-4908
Source
FMLS
Last checked Mar 26 2026 at 7:16 AM GMT+0000
Bathroom Details
Interior Features
  • Windows: Insulated Windows
Subdivision
  • Hammond Park
Lot Information
  • Level
Heating and Cooling
  • Central
  • Ceiling Fan(s)
  • Central Air
Flooring
  • Carpet
  • Hardwood
  • Laminate
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: Cable Available, Electricity Available, Phone Available, Water Available, Natural Gas Available, Sewer Available
  • Sewer: Public Sewer
  • Energy: None
School Information
  • Elementary School: Emma Hutchinson
  • Middle School: Crawford Long
  • High School: South Atlanta
Parking
  • Driveway
  • Total: 4
Additional Information: Sandy Springs Perimeter | 404-252-4908
Location
   
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