85 Meldon Ave SE Atlanta, GA 30315
South Atlanta NeighborhoodEstimated payment $2,305/month
Highlights
- City View
- Wood Flooring
- Stone Countertops
- Deck
- Corner Lot
- Covered Patio or Porch
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
- 6,490 Sq Ft Lot
- Corner Lot
- Level Lot
- Back and Front Yard
Home Design
- Bungalow
- Slab Foundation
- Frame Construction
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1,232 Sq Ft Home
- 1-Story Property
- Tray Ceiling
- Ceiling height of 9 feet on the main level
- Ceiling Fan
- Insulated Windows
- Entrance Foyer
- City Views
- Laundry on main level
Kitchen
- Breakfast Bar
- Electric Range
- Dishwasher
- Stone Countertops
- White Kitchen Cabinets
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Shower Only
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 3 Parking Spaces
- Parking Pad
Outdoor Features
- Deck
- Covered Patio or Porch
Schools
- Thomas Heathe Slater Elementary School
- Judson Price Middle School
- G.W. Carver High School
Utilities
- Forced Air Heating and Cooling System
- 220 Volts
- 110 Volts
- High Speed Internet
- Cable TV Available
Community Details
- South Atlanta Subdivision
Listing and Financial Details
- Tax Lot 286
- Assessor Parcel Number 14 005700050172
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 |
|---|---|---|---|---|---|
| 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: First Multiple Listing Service (FMLS)
MLS Number: 7667135
APN: 14-0057-0005-017-2
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