2794 7th ST SW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30315
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Hammond Park
MLS Listing ID 7583054
Year Built 1932
Annual Tax Amount $2,938
Tax Year 2024
Lot Size 8,903 Sqft
Property Sub-Type Other
Property Description
First-Time Homebuyer (FHH) Special – Income-Producing Duplex with Easy Triplex Conversion!
This property is currently generating approximately $4,000/month on Airbnb, set up as a duplex with a 1,200 sq ft main living area, and can be easily converted into a triplex by finishing the basement into a 2 bed / 1 bath unit. Seller is offering $15,000 toward buyer closing costs with full asking price.
Take advantage of this unique opportunity for first-time buyers to live in one unit while generating rental income—or rent all three units for maximum returns. The property also qualifies for up to $9,000 in first-time homebuyer grant assistance (subject to buyer eligibility).
Front unit is grossing approx. $575/week on Airbnb – turnkey short-term rental income.
Live in one unit and rent the others, or operate all as Airbnb units.
Unfinished basement can be converted into a 2 bed / 1 bath third unit for approx. $40,000.
Once converted, the property is projected to gross up to $80,000/year renting all three units.
Estimated After-Repair Value (ARV): Upper $300,000s – solid equity and income upside.
Ideal for house hackers, first-time buyers, or investors looking for a high-yield, value-add opportunity in a growing market.
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MLS listing
Real estate flyer
Social media post
Investor pitch deck (with rent breakdowns or cap rate projections)
Location
State GA
County Fulton
Area Hammond Park
Interior
Heating Natural Gas
Cooling Gas
Exterior
Parking Features None
Fence Back Yard,Fenced,Front Yard
Community Features None
Utilities Available Electricity Available,Natural Gas Available
Waterfront Description None
View Y/N Yes
View Other
Roof Type Other
Building
Lot Description Private
Story One
Sewer Public Sewer
Water Public
Structure Type Other
Schools
Elementary Schools Emma Hutchinson
Middle Schools Crawford Long
High Schools South Atlanta