New Listing
1515 Beech Valley Way NE,Atlanta, GA 30306
Atlanta, GA 30306
Description
Located in the highly desirable Druid Hills/Morningside corridor, this side-by-side duplex offers a compelling investment opportunity in one of Atlanta's strongest rental markets. Projected combined rents of approximately $5,000-$6,000 per month provide potential gross rental income of $60,000-$72,000 annually. With estimated operating expenses of approximately $19,000 per year, projected Net Operating Income ranges from approximately $41,000-$53,000, depending on achieved rents. One unit is currently vacant, and the second unit is expected to be vacant by mid-September, giving a new owner flexibility to establish market rents, renovate or reposition the property, or potentially occupy one side while leasing the other. Both units feature a spacious townhome-style layout with 3 bedrooms and 2 full baths upstairs. The main levels include separate living and dining rooms, kitchens, half baths, pantries, and additional storage closets. Each residence also has access to a substantial portion of the lower level with laundry facilities and additional storage. The property features separate entrances, a circular driveway with parking for approximately four vehicles, and individually metered gas, electric, and water service-simplifying management and keeping utility expenses separate between units. Ideally positioned near Emory University, Virginia-Highland, Piedmont Park, Midtown, Buckhead, Decatur, and nearby MARTA access, the property also enjoys the natural surroundings of Daniel Johnson Nature Preserve directly behind the property. This combination of location, spacious floor plans, separate utilities, parking, and strong rental potential creates an attractive opportunity for both immediate income and long-term appreciation. The property may also be eligible for annexation into the City of Atlanta, which could provide access to the Atlanta Public Schools system. Any annexation eligibility, process, school assignment, and related benefits should be independently verified by the buyer with the City of Atlanta and applicable governmental authorities.
Details
| MLS # | 10835103 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 4 |
| Listing Provided By | RE/MAX Metro Atlanta Cityside | Zac Pasmanick |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Acreage | 0.48 |
Interior
| Cooling | Central Air, Electric |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Central, Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Parking Pad |
| Open Parking Yes / No | Yes |
Utilities
| Utilities | Sewer Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 10814 |
|---|---|
| Tax Year | 2025 |
Location
| Community Features | Park, Street Lights, Near Public Transport, Near Shopping |
|---|
Area Information
| State | GA |
|---|---|
| County | DeKalb |
| City | Atlanta |
| Zip Code | 30306 |
| Area | DeKalb |
| Community Name | Morningside/Druid Hills |
| School District | Druid Hills |
| Elementary School | Briar Vista |
| High School | Druid Hills |
| Listing VS Median (in Morningside/Druid Hills) | |
Price: $769,850 low | high Med: $0 On site: 4 low | high Med: | |
Market Activity 30306
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Learn More About This Property
| State | GA |
|---|---|
| County | DeKalb |
| City | Atlanta |
| Zip Code | 30306 |
| Area | DeKalb |
| Community Name | Morningside/Druid Hills |
| School District | Druid Hills |
| Elementary School | Briar Vista |
| High School | Druid Hills |
| Listing VS Median (in Morningside/Druid Hills) | |
Price: $769,850 low | high Med: $0 On site: 4 low | high Med: | |
