1566 N Morningside DR NE new Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30306
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Morningside
MLS Listing ID 7647903
Year Built 1930
Annual Tax Amount $11,500
Tax Year 2024
Lot Size 9,626 Sqft
Property Sub-Type Quadruplex
Property Description
Nestled in the heart of the highly coveted Morningside Elementary School district, this exceptional triplex with an additional in-law suite, presents a rare opportunity to own a fully restored and income-producing property in one of Atlanta's most desirable neighborhoods. Just seconds from the charm of Morningside's vibrant shops, popular restaurants, beloved parks, and the very best that Atlanta has to offer, the home blends historic character with modern upgrades, making it as appealing to residents as well as to investors. The property is currently arranged as four distinct units totaling nearly 4,800 square feet. The largest, Unit A, spans two levels with three bedrooms and two baths across approximately 2,400 square feet, generating $3,100 per month. It can be seamlessly combined with the adjacent one-bedroom Unit A2 (in-law suite) to create an expansive five-bedroom, three-bath residence encompassing 3,200 square feet. The remaining residences include a spacious one-bedroom, one-bath unit of roughly 1,000 square feet earning $1,690 per month, and a charming one-bedroom, one-bath unit of 800 square feet earning $1,560 per month.
Together, the property currently produces $7,930 per month in stable rental income, with long-term tenants who are committed to renewing. Residents pay all utilities aside from cable and internet, which they provide individually, keeping ownership streamlined and efficient. This triplex has been thoughtfully maintained and extensively updated to ensure long-term value. The roof was replaced in 2020 with 40-year architectural shingles by Dogwood Roofing, along with new gutters, downspouts, and leaf filters. The exteriors were repainted in 2022, the main furnace and HVAC were replaced in 2024, and new water heaters were installed in 2023. Nearly every major system has been improved, including electrical and plumbing, ensuring peace of mind for years to come. The interiors of all units have been fully restored, with new flooring, refreshed kitchens, updated baths, and refinished details throughout. The grounds are just as inviting, with a beautifully refurbished back deck, rebuilt garage with a new slab and automatic door, landscaped gardens featuring hedgerows, flower beds, lush grass, and even a raised garden bed for herbs and tomatoes. Entertaining is effortless with a built-in fire pit and BBQ area, while multiple porches and screened enclosures offer the perfect balance of indoor-outdoor living. Whether you envision continuing its role as a high-performing investment property or combining units for an expansive owner's residence with additional rental income, this triplex offers unmatched flexibility, timeless updates, and an unbeatable location in the heart of Morningside.
Location
State GA
County Fulton
Area Morningside
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Exterior
Parking Features See Remarks
Fence Back Yard
Community Features Near Beltline,Near Public Transport,Near Schools,Near Shopping,Near Trails/Greenway,Park,Sidewalks,Street Lights
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Waterfront Description None
View Y/N Yes
View Neighborhood
Roof Type Composition
Building
Lot Description Other
Story Two
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Morningside-
Middle Schools David T Howard
High Schools Midtown