Park Realty | Atlanta Real Estate | 540 John Wesley Dobbs Avenue NE, Atlanta, GA 30312
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TURNKEY LUXURY INVESTMENT - Welcome to "The Dobbs," an exceptional luxury income property in the heart of Old Fourth Ward. This 3,700+ square foot estate offers a rare 5-star investment opportunity with proven historical performance. Positioned just 4 blocks from the Atlanta BeltLine Eastside Trail and directly on the Freedom Trail Path, the location provides guests with effortless access to Mercedes-Benz Stadium, Centennial Olympic Park, and the city's top dining and entertainment districts. VERSATILE REVENUE STREAM: Currently operating as a premier short-term rental, this property is sold FULLY FURNISHED and equipped for a seamless transition. The two-unit duplex layout offers unmatched flexibility: continue as a high-performing vacation rental, pivot to mid-term corporate housing, or convert into a grand single-family residence. THE LAYOUT: The main level features 3 bedrooms and 2 bathrooms with soaring 12-foot ceilings and an updated chef's kitchen. The upper level offers 2 bedrooms, 2 bathrooms, and a large loft-style third bedroom. Both units feature updated finishes and designer touches throughout. OUTDOOR AMENITIES: Professionally designed, resort-style landscaping creates a private urban retreat in both the front and rear yards, consistently driving 5-star guest reviews and premium nightly rates. Own a piece of Atlanta history with guaranteed day-one cash flow in the city's most in-demand neighborhood.
| LAST UPDATED | 4/21/2026 | TRACT | Old Fourth Ward |
|---|---|---|---|
| YEAR BUILT | 1920 | COUNTY | Fulton |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | John Hope-Charles Walter Hill |
|---|---|
| Jr. High School | David T Howard |
| High School | Midtown |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Other |
| HEAT | Central, Natural Gas |
| LOT | 5881 sq ft |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 0 |
| PARKING | Driveway |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Old Fourth Ward |
| TAXES | 24563 |
| UTILITIES | Electricity Available, Other |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
| WATER ACCESS | None |
Listing provided courtesy of HomeSmart
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Data last updated: 5/1/26 1:39 AM PDT.
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