240 Wellington Street SW

Atlanta, GA 30314

$504,765

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!

    MLS Data

  • StatusActive
  • MLS #7583915
  • TypeResidential Income
  • SpecialInvestor Owned, Sold As/Is

    Exterior Details

  • ConstructionBlock, Brick
  • Built In1938
  • StoriesArray
  • UtilitiesElectricity Available, Water Available
  • SewerPublic Sewer
  • Lot DescriptionCorner Lot
  • Acres0.3

Listing Provided Courtesy Of: Purser Realty, LLC 470-984-1234

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Data Last updated on May 30, 2025 2:04pm

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