85 Meldon Ave SE Atlanta, GA 30315
South Atlanta NeighborhoodEstimated payment $2,029/month
Highlights
- City View
- Wood Flooring
- High Ceiling
- Deck
- Corner Lot
- No HOA
About This Home
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,144
Year Built
- Built in 1920
Lot Details
- 6,534 Sq Ft Lot
- Corner Lot
- Level Lot
Home Design
- Bungalow
- Slab Foundation
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1,232 Sq Ft Home
- 1-Story Property
- Tray Ceiling
- High Ceiling
- Ceiling Fan
- Double Pane Windows
- Entrance Foyer
- City Views
- Laundry closet
Kitchen
- Breakfast Bar
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
- Double Vanity
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 3 Parking Spaces
- Parking Pad
Outdoor Features
- Deck
Schools
- Slater Elementary School
- Price Middle School
- Carver High School
Utilities
- Forced Air Heating and Cooling System
- 220 Volts
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- South Atlanta Subdivision
Listing and Financial Details
- Tax Lot 286
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 | $4,008 | $114,440 | $23,600 | $90,840 |
| 2023 | $4,797 | $115,880 | $37,880 | $78,000 |
| 2022 | $3,950 | $97,600 | $25,560 | $72,040 |
| 2021 | $2,495 | $61,600 | $19,640 | $41,960 |
| 2020 | $47 | $36,600 | $19,400 | $17,200 |
| 2019 | $350 | $36,320 | $18,520 | $17,800 |
| 2018 | $19 | $10,040 | $4,040 | $6,000 |
| 2017 | $14 | $9,640 | $3,880 | $5,760 |
| 2016 | $14 | $9,640 | $3,880 | $5,760 |
| 2015 | $14 | $9,640 | $3,880 | $5,760 |
| 2014 | $156 | $9,640 | $3,880 | $5,760 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/08/2025 12/08/25 | Price Changed | $305,000 | -14.1% | $248 / Sq Ft | |
| 10/17/2025 10/17/25 | For Sale | $355,000 | +29.1% | $288 / Sq Ft | |
| 09/02/2021 09/02/21 | Sold | $275,000 | -3.5% | $223 / Sq Ft | View Prior Sale |
| 07/26/2021 07/26/21 | Pending | -- | -- | -- | |
| 07/15/2021 07/15/21 | For Sale | $285,000 | +216.7% | $231 / Sq Ft | |
| 05/07/2020 05/07/20 | Sold | $90,000 | -5.2% | $73 / Sq Ft | View Prior Sale |
| 04/16/2020 04/16/20 | For Sale | $94,900 | -- | $77 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $275,000 | -- | |
| Warranty Deed | $90,000 | -- | |
| Warranty Deed | $65,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $220,000 | New Conventional | |
| Previous Owner | $140,000 | New Conventional |
Source: Georgia MLS
MLS Number: 10626933
APN: 14-0057-0005-017-2
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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