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Raymond Riley Jr

raymond@magneticrealtors.com +1(404) 343-5679

$ 769,850

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1515 Beech Valley WAY NE Atlanta, GA 30306

0.48 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status New

Purchase Type For Sale

Subdivision Morningside/Druid Hills

MLS Listing ID 10835103

HOA Y/N No

Year Built 1948

Annual Tax Amount $10,814

Tax Year 2025

Lot Size 0.480 Acres

Acres 0.48

Lot Dimensions 20908.8

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

Located in the highly desirable Druid Hills/Morningside corridor, this side-by-side duplex offers a compelling investment opportunity in one of Atlanta's strongest rental markets. Projected combined rents of approximately $5,000-$6,000 per month provide potential gross rental income of $60,000-$72,000 annually. With estimated operating expenses of approximately $19,000 per year, projected Net Operating Income ranges from approximately $41,000-$53,000, depending on achieved rents. One unit is currently vacant, and the second unit is expected to be vacant by mid-September, giving a new owner flexibility to establish market rents, renovate or reposition the property, or potentially occupy one side while leasing the other. Both units feature a spacious townhome-style layout with 3 bedrooms and 2 full baths upstairs. The main levels include separate living and dining rooms, kitchens, half baths, pantries, and additional storage closets. Each residence also has access to a substantial portion of the lower level with laundry facilities and additional storage. The property features separate entrances, a circular driveway with parking for approximately four vehicles, and individually metered gas, electric, and water service-simplifying management and keeping utility expenses separate between units. Ideally positioned near Emory University, Virginia-Highland, Piedmont Park, Midtown, Buckhead, Decatur, and nearby MARTA access, the property also enjoys the natural surroundings of Daniel Johnson Nature Preserve directly behind the property. This combination of location, spacious floor plans, separate utilities, parking, and strong rental potential creates an attractive opportunity for both immediate income and long-term appreciation. The property may also be eligible for annexation into the City of Atlanta, which could provide access to the Atlanta Public Schools system. Any annexation eligibility, process, school assignment, and related benefits should be independently verified by the buyer with the City of Atlanta and applicable governmental authorities.

Location

State GA

County Dekalb

Rooms

Bedroom Description No

Basement Daylight, Exterior Entry, Full, Interior Entry

Interior

Heating Central, Forced Air, Natural Gas

Cooling Central Air, Electric

Fireplace No

Exterior

Parking Features Parking Pad

Garage Spaces 4.0

Community Features Park, Street Lights, Near Public Transport, Near Shopping

Utilities Available Sewer Connected

View Y/N No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces GPS Friendly

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick

New Construction No

Schools

Elementary Schools Briar Vista

Middle Schools Druid Hills

High Schools Druid Hills

Others

HOA Fee Include None

Tax ID 18 055 10 004

Special Listing Condition Resale

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NEARBY SCHOOLS & PROPERTIES

Raymond Riley Jr

Managing Broker License ID: 351350

+1(404) 343-5679

Raymond Riley Jr

1515 Beech Valley WAY NE Atlanta, GA 30306

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1515 Beech Valley WAY NE