240 Wellington Street, Atlanta, GA 30314
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
240 Wellington Street,Atlanta, GA 30314
$478,464
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:jami purser
Office:purser realty, llc.
MLS#:7629838
Source:FIRSTMLS
Price summary
- Price:$478,464
About this home
Calling All Investors! Located in the sought-after Historic Mozley Park neighborhood, this spacious 1938 home sits on a .30-acre lot and is bursting with potential. Currently configured with 10 bedrooms and 3 bathrooms, this property has operated as a successful rent-per-room investment for the past 16 years. Originally a triplex (last used as such in 2009), each unit featured 3 bedrooms and 1 bathroom-making this an ideal candidate for conversion back to a multi-family setup with the proper zoning variance. Though in the historic Mozley Park area, this property is NOT located in a historic preservation zone, giving buyers more flexibility for renovations and development. The neighborhood has seen significant upward growth over the past 3 years, with beautifully renovated homes appearing daily-and its close proximity to the Atlanta BeltLine only adds to the appeal and long-term value. Whether you're looking to restore it as a grand single-family home, reconfigure it as a profitable triplex, or continue its use as a high-yield rental, this is an opportunity you don't want to miss. Currently tenant-occupied, and ready for its next chapter with a little vision and TLC!
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Home facts
- Year built:1938
- Listing ID #:7629838
- Updated:September 30, 2025 at 01:21 PM
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central, Electric
Structure and exterior
- Roof:Composition
- Year built:1938
- Lot area:0.3 Acres
Schools
- High school:Frederick Douglass
- Middle school:John Lewis Invictus Academy/Harper-Archer
- Elementary school:F. L. Stanton
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$478,464
- Tax amount:$6,228 (2024)
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