Park Realty | Atlanta Real Estate | 85 Meldon Avenue SE, Atlanta, GA 30315
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This offering presents a prime opportunity to acquire a stabilized, income-producing residential investment property located in the rapidly revitalizing South Atlanta submarket. The asset consists of a 3-bedroom, 2-bath bungalow totaling approximately 1,232 square feet, situated on a corner lot with a large, level backyard and convenient off-street parking. Originally utilized as a short-term rental (Airbnb), the property has since transitioned into a long-term tenancy, providing consistent monthly income and reduced management intensity. The current lease ensures immediate cash flow upon acquisition, making this an ideal turnkey investment for both new and seasoned investors. The residence was built in 1920 and extensively updated to meet modern living standards while maintaining its classic architectural character. Interior improvements include refinished hardwood flooring, a fully updated kitchen with white cabinetry and stainless-steel appliances, upgraded bathrooms, and high ceilings throughout. The exterior features low-maintenance vinyl siding and a welcoming front porch that enhances curb appeal. Strategically positioned near Downtown Atlanta, Mercedes-Benz Stadium, Hartsfield-Jackson International Airport, and the Pittsburgh Yards redevelopment, the property benefits from strong rental demand and long-term appreciation potential within this rapidly improving corridor.
| LAST UPDATED | 3/9/2026 | TRACT | South Atlanta |
|---|---|---|---|
| YEAR BUILT | 1920 | COUNTY | Fulton |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Thomas Heathe Slater |
|---|---|
| Jr. High School | Judson Price |
| High School | G.W. Carver |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Range |
| BASEMENT | None |
| CONSTRUCTION | Frame, Vinyl Siding |
| EXTERIOR | None |
| HEAT | Central, Electric, Forced Air |
| INTERIOR | Breakfast Bar, Double Vanity, Entrance Foyer, High Speed Internet, Master Downstairs, Pantry, Tray Ceiling(s) |
| LOT | 6490 sq ft |
| LOT DESCRIPTION | Back Yard, Corner Lot, Front Yard, Level |
| LOT DIMENSIONS | x |
| PARKING | Parking Pad |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Bungalow |
| SUBDIVISION | South Atlanta |
| TAXES | 5144 |
| UTILITIES | Cable Available, Electricity Available, Sewer Available, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
| WATER ACCESS | None |
Listing provided courtesy of Coldwell Banker Realty
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Data last updated: 3/9/26 3:05 PM PDT.
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