$449,000
$10K PRICE DROP

Estimated payment $2,664/month

Total Views 3,673
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Property is near public transit, schools, and shops
  • Central Heating and Cooling System
  • 5-minute walk to Center Hill Park
  • No HOA
  • Wood Siding

About This Home

This property represents the kind of opportunity serious investors look for when they want long term upside, strong rental demand, and positioning inside one of Atlanta's most important redevelopment corridors. Located at 839 Commodore Drive NW in the heart of the Dixie Hills and Bankhead area, this home sits in a pocket that continues to benefit from city backed revitalization, infrastructure investment, and steady tenant demand driven by proximity to Downtown Atlanta, West Midtown, Georgia Tech, Mercedes Benz Stadium, and the BeltLine expansion plans moving west. What makes this property stand out immediately is its scale and layout. With five bedrooms and two full baths on a single level, it offers a rare combination of space and functionality that performs extremely well in the rental market. Homes of this size in this corridor consistently attract strong tenant interest because they support multiple household types, including larger families, multi generational living, shared housing models, and room by room rental strategies. Investors understand that bedroom count is leverage, and this home delivers exactly that. The property sits on a generous quarter acre lot, providing privacy, flexibility, and future optionality. Large lots in this area are increasingly valuable as redevelopment accelerates and land becomes more scarce. Whether an investor's strategy is long term buy and hold, Section 8 placement, short term corporate style leasing, or future redevelopment, this lot size creates options that smaller parcels simply cannot offer. From a construction standpoint, the home features wood frame construction with durable vinyl siding and stone accent details, paired with an asphalt shingle roof. This is a practical, cost effective build style that investors favor because it keeps long term maintenance predictable and affordable. The single story layout is another major advantage, as it reduces structural complexity, simplifies repairs, and appeals to a wider tenant pool that includes families and renters seeking easy accessibility. Parking is often overlooked, but not here. The private driveway offers convenient off street parking, a key feature that supports rental desirability in urban corridors. Tenants value ease of access, and investors benefit from fewer parking related issues over time. From a rental perspective, this area continues to perform well. Comparable homes in the immediate vicinity support strong monthly rents, particularly for five bedroom properties. This home is well positioned to generate consistent cash flow while still offering upside through cosmetic enhancements or strategic repositioning. Light upgrades such as interior paint, flooring refreshes, fixture updates, or adding washer dryer access can push rental rates even higher without heavy capital expenditure. For investors who understand value add strategies, this property offers a clear path to improved returns. Beyond the numbers, location is the story investors care about most, and this address delivers. Dixie Hills and Bankhead are no longer fringe areas. They are transformation zones. Investors who entered this corridor early have already seen appreciation, and those entering now are positioning themselves ahead of the next wave. The proximity to major employment centers, transit access, and ongoing redevelopment projects continues to strengthen tenant demand while supporting long term appreciation. This property also fits cleanly into multiple investor profiles. It works for buy and hold investors looking for steady cash flow. It works for Section 8 investors seeking larger bedroom counts with strong demand. It works for portfolio builders who want properties that are easy to manage and lease. It even works for forward thinking investors who understand the long term land value and future redevelopment potential of this corridor.

Listing Agent

Juanita Wright

EXP Realty, LLC. Brokerage Phone: 888-959-9461 License #420742 Listed on: 01/07/2026

EXP Realty, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,604

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 10,803 Sq Ft Lot
  • Irregular Lot

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Cedar

Interior Spaces

  • Aluminum Window Frames
  • Laminate Flooring

Location

  • Property is near public transit, schools, and shops
  • Property is near the Beltline

Schools

  • Woodson Park Academy Elementary School
  • John Lewis Invictus Academy/Harper-Archer Middle School
  • Frederick Douglass High School

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 14 017700170371

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Dixie Hills Subdivision

Building Details

  • Operating Expense $17,220
  • Net Operating Income $31,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,604

Year Built

Built in 1950 | Remodeled

Lot Details

10,803 Sq Ft Lot

Listing Details

  • Standard Status: Active
  • Property Type: Residential Income
  • Property Sub Type: Other
  • Property Condition: Updated/Remodeled
  • Year Built: 1950
  • Accessibility Features: None
  • Water Body Name: None
  • Co List Office Mls Id: EXPR01
  • Subdivision Name: Dixie Hills
  • Tax Parcel Letter: 14-0177-0017-037-1
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate
  • Window Features: Aluminum Frames

Exterior Features

  • Construction Materials: Brick, Cedar, Wood Siding
  • Fencing: None
  • View: Other
  • Pool Private: No
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: None
  • Cooling: Central Air
  • Heating: Central
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
  • Heating Yn: Yes
  • Electricity On Property: Yes

Condo/Co-op/Association

  • Community Features: Near Beltline, Near Public Transport, Near Schools, Near Shopping
  • Association: No

Schools

  • Middle Or Junior School: John Lewis Invictus Academy/Harper-Archer

Green Features

  • Efficiency: None
  • Green Energy Generation: None

Lot Info

  • Lot Features: Irregular Lot
  • Lot Dimensions: 1456
  • Parcel Number: 14 017700170371
  • Property Attached Yn: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 10802.88
  • Additional Parcels: No

Multi Family

  • Gross Income: 49200
  • Number Of Units Total: 2
  • Waterfront Features: None
  • Property Net Operating Income: 31980
  • Annual Operating Expense: 17220

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3604
  • Tax Block: 0
  • Tax Lot: 5

MLS Schools

  • Elementary School: Woodson Park Academy
  • High School: Frederick Douglass

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $2,808 $147,120 $38,040 $109,080
2023 $2,808 $88,040 $38,040 $50,000
2022 $2,475 $61,160 $15,520 $45,640
2021 $2,220 $54,800 $21,520 $33,280
2020 $1,367 $33,360 $7,880 $25,480
2019 $933 $32,720 $7,720 $25,000
2018 $659 $15,920 $3,560 $12,360
2017 $263 $6,080 $2,640 $3,440
2016 $263 $6,080 $2,640 $3,440
2015 $1,165 $6,080 $2,640 $3,440
2014 $276 $6,080 $2,640 $3,440
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/20/2026 04/20/26 Price Changed $449,000 -0.7% --
04/02/2026 04/02/26 Price Changed $452,000 -0.4% --
02/25/2026 02/25/26 Price Changed $454,000 -1.1% --
01/07/2026 01/07/26 For Sale $459,000 +100.4% --
02/08/2023 02/08/23 For Sale $229,000 +43.1% $157 / Sq Ft
02/07/2023 02/07/23 Sold $160,000 -30.1% $110 / Sq Ft View Prior Sale
02/05/2023 02/05/23 For Sale $229,000 0.0% $157 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
12/16/2022 12/16/22 Pending -- -- --
12/08/2022 12/08/22 For Sale $229,000 -- $157 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $420,000 --
Warranty Deed $160,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $420,000 New Conventional
Previous Owner $230,000 New Conventional
Source: Public Records

Source: First Multiple Listing Service (FMLS)

MLS Number: 7700455

First Multiple Listing Service (FMLS)

APN: 14-0177-0017-037-1

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