537 Morgan St NE Atlanta, GA 30308
Old Fourth Ward NeighborhoodEstimated payment $4,711/month
Highlights
- Very Popular Property
- Deck
- Bonus Room
- Midtown High School Rated A+
- Property is near public transit
- 2-minute walk to Morgan-Boulevard Park
About This Home
Fantastic cash-flow investment opportunity! This high-performing triplex is fully occupied and generating strong returns, offering investors immediate income and minimal vacancy risk from day one. Ideal for both owner-occupants interested in "house hacking" and traditional investors, this property combines versatility, charm, and a prime location. The top-floor unit features a spacious single-family-style layout with 2 bedrooms, 2 bathrooms, a bonus room, separate living and dining areas, and a private backyard. Each of the two lower units offers 1 bedroom and 1 bathroom. Whether you plan to live in one unit while renting the others or pursue a straightforward rental strategy, this property balances character with solid investment fundamentals. Located just one block from Ponce City Market, the Beltline, and Historic Fourth Ward Park-with convenient access to major highways and public transportation-this triplex ensures exceptional walkability and connectivity. The property also allows short-term rentals, producing monthly income between $1,300-$2,200 per selected unit. In total, the property offers 4 bedrooms and 4 bathrooms across all units. With its prime location, strong performance, and flexible use options, this is a true gem for anyone seeking a lucrative and reliable investment.
Home Details
Home Type
- Single Family
Year Built
- Built in 1920
Lot Details
- 3,920 Sq Ft Lot
- Level Lot
Home Design
- House
- Bungalow
- Composition Roof
- Concrete Siding
- Stucco
Interior Spaces
- 2,450 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Window Treatments
- Living Room with Fireplace
- Bonus Room
- Carbon Monoxide Detectors
Kitchen
- Microwave
- Dishwasher
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Deck
- Patio
Location
- Property is near public transit
- Property is near schools
- Property is near shops
Schools
- Hope Hill Elementary School
- David T Howard Middle School
- Grady High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Legal Lot and Block 6 / C
Community Details
Overview
- No Home Owners Association
- Old Fourth Ward Subdivision
Recreation
- Park
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,083 | $337,680 | $72,640 | $265,040 |
| 2023 | $10,325 | $249,400 | $72,640 | $176,760 |
| 2022 | $6,975 | $219,560 | $54,400 | $165,160 |
| 2021 | $6,298 | $198,800 | $101,240 | $97,560 |
| 2020 | $6,640 | $208,080 | $69,280 | $138,800 |
| 2019 | $1,363 | $181,120 | $68,520 | $112,600 |
| 2018 | $6,144 | $176,880 | $66,920 | $109,960 |
| 2017 | $5,694 | $160,640 | $11,960 | $148,680 |
| 2016 | $5,709 | $160,640 | $11,960 | $148,680 |
| 2015 | $5,787 | $272,960 | $11,960 | $261,000 |
| 2014 | $4,730 | $104,310 | $21,630 | $82,680 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/08/2025 12/08/25 | For Sale | $800,000 | +1.9% | $327 / Sq Ft | |
| 08/15/2024 08/15/24 | Sold | $785,000 | +0.7% | $320 / Sq Ft | View Prior Sale |
| 07/25/2024 07/25/24 | Pending | -- | -- | -- | |
| 07/18/2024 07/18/24 | For Sale | $779,900 | -- | $318 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $785,000 | -- | |
| Warranty Deed | $260,800 | -- | |
| Warranty Deed | -- | -- | |
| Deed | $245,000 | -- | |
| Foreclosure Deed | $129,600 | -- | |
| Foreclosure Deed | $245,563 | -- | |
| Deed | $164,500 | -- | |
| Deed | -- | -- | |
| Foreclosure Deed | $174,000 | -- | |
| Deed | $450,000 | -- | |
| Deed | $450,000 | -- | |
| Deed | $450,000 | -- | |
| Deed | $140,000 | -- | |
| Foreclosure Deed | $140,000 | -- | |
| Deed | $193,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $55,000 | -- | |
| Deed | $45,000 | -- | |
| Foreclosure Deed | $82,000 | -- | |
| Deed | $153,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $745,750 | New Conventional | |
| Previous Owner | $256,076 | FHA | |
| Previous Owner | $192,708 | FHA | |
| Previous Owner | $195,960 | New Conventional | |
| Previous Owner | $233,150 | No Value Available | |
| Previous Owner | $315,000 | New Conventional | |
| Previous Owner | $315,000 | New Conventional | |
| Previous Owner | $173,700 | New Conventional | |
| Previous Owner | $72,000 | New Conventional | |
| Closed | $0 | No Value Available |
Source: Georgia MLS
MLS Number: 10654952
APN: 14-0047-0003-110-0
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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