Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
Listed by Rick Wiley with Coldwell Banker Realty 404-252-4908
0 Baths

$339,000

477 Fairlane Circle NW, Atlanta GA, 30331

Built in1960
Property typeResidential

Overview

Active

Listed Jun 28, 2026

Updated 9 days ago

Exceptional turnkey investment opportunity with immediate cash flow! This proven income-producing asset is generating $3,600 per month with both units currently occupied by stable tenants. The property features a spacious 4-bedroom, 3-bath residence leased through the Atlanta Housing Authority at $2,000 per month and a 2-bedroom, 1-bath residence leased to a qualified tenant at $1,600 per month. Both tenants pay their own utilities, maximizing owner cash flow while minimizing operating expenses. Thoughtfully updated approximately one year ago, the property boasts new HVAC systems, new water heaters, beautifully updated kitchens, renovated bathrooms, and numerous additional improvements, providing peace of mind and significantly reducing future maintenance expenses. With its flexible layout, this property is ideally suited for a variety of investment strategies, including PadSplit housing, veteran housing, group home operations, or continued traditional long-term rentals (subject to applicable zoning and local regulations). Perfectly positioned just minutes from I-20, Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, and major employment centers, the location offers exceptional convenience, strong tenant demand, and outstanding long-term appreciation potential. Whether you're adding to an established portfolio or securing your first income-producing property, this fully occupied, newly renovated property offers immediate cash flow, dependable rental income, and exceptional long-term investment potential.

$2,255/mo

Est. mortgage payment based on a $339,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$3,028
Tax Frequency
Annually
View
Yes
MLS provider logo

Listed by Rick Wiley with Coldwell Banker Realty 404-252-4908

Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. ©2026  First Multiple Listing Service, Inc.

©2026 FMLS. All rights reserved. 

Data is refreshed every 3 hours. Listing last updated 6:13 AM UTC on 9/30/2026. 

Powered by Luxury Presence