Active$645,000
3 bd3 ba2,145 SFTownhouse
178 Wesley Avenue NE Unit A
Atlanta, GA 30307 · Edgewood · 86 days listed
FMLS #7814668 · Listing Provided By Georgia Dreams Realty · 678-748-3565
Active40 days listed
1251 Monroe Drive Northeast, Atlanta, GA 30306
- 4bd
- 2ba
- 1,880SF
- 0.2ac lot
FMLS #7839847 · Listing Provided By Mark Spain Real Estate · 770-886-9000 · Listing agent Mark Spain
Location
1251 Monroe Drive Northeast, Atlanta GA 30306
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About this home
Discover a rare, income-generating townhome in the highly coveted Morningside and Virginia Highland neighborhoods. Designed as two separate, two-story townhome-style units, the layout effortlessly blends functionality with charm. Each residence features an inviting main level with a full kitchen and an open living and dining area, along with two comfortable bedrooms and a full bathroom upstairs. Residents and guests alike will appreciate the private outdoor spaces, which include a welcoming front courtyard and a dedicated back deck for each unit, as well as the highly desirable off-street parking available at both the front and rear of the property. Situated just steps from Amsterdam Walk and the Atlanta Beltline, this premier location offers ultimate walkability and convenience. The property is merely minutes from Piedmont Park, the Atlanta Botanical Garden, Midtown, and easy MARTA access. Opportunities to own a proven income property in this vibrant, highly sought-after corridor are incredibly rare, offering a unique chance to capitalize on a premier piece of Atlanta real estate.
How this list price compares in Atlanta
- List price is 70% above the Atlanta median list price of $380,000 (5,382 homes).
- Compared with 871 townhouses in Atlanta: 40% above the median of $459,900.
- List price per square foot is 35% above the Atlanta median of $255/SF.
- All 5,382 homes for sale in Atlanta, GA.
- 6,734 homes for sale in Fulton County.
Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.
Home facts
- Property type
- Townhouse
- Status
- Active
- Bedrooms
- 4
- Full baths
- 2
- Living area
- 1,880 SF
- Lot size
- 0.2 acres
- Year built
- 1930
- Levels
- Two
- Main-level bedrooms
- 0
- Parking
- Parking Pad
- Style
- Cape Cod
- Construction
- Concrete, Brick, Wood Siding
- Roof
- Shingle
- Flooring
- Hardwood, Luxury Vinyl, Ceramic Tile
- Heating
- Central, Forced Air
- Cooling
- Central Air, Electric
- Appliances
- Electric Range
- Lot
- Borders US/State Park, Rectangular Lot
- Community
- Dog Park, Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Park, Sidewalks
- HOA
- No
- Annual tax
- $8,845 (2023)
- County
- Fulton
Assigned schools
- HighMidtown
- MiddleDavid T Howard
- ElementaryVirginia-Highland
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $645,000 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$5,092/mo
- Principal and interest
- $3,988
- Property tax
- $737
- Home insurance
- $125
- Mortgage insurance
- $242
- HOA dues
- $0
- Loan amount
- $580,500
- Cash down
- $64,500
This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.
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Questions about this home
How do I schedule a showing of this home?
Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.
How do I get more information about this listing?
Send your question through the form on this page. Listing details come from FMLS and are provided by Mark Spain Real Estate, so confirm them before making an offer.
Is this home still available?
This page shows the status reported in FMLS (Active) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.
How is the monthly payment estimate calculated?
It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.
Where can I see similar homes for sale in Atlanta?
See the similar homes section on this page, or browse all homes for sale in Atlanta, GA.
Beyond homes
Also exploring Georgia investment real estate?
Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.
Other property types for sale
- Georgia apartment buildings for saleApartment buildings and complexes for sale across Georgia.
- multifamily investment properties in GeorgiaDuplexes to large complexes, with screening cap rates on each building.
- churches for saleChurch buildings and sanctuaries for sale statewide.
- apartment buildings for sale in AtlantaApartment buildings for sale inside the City of Atlanta.
- Atlanta church buildings for saleChurch buildings for sale in Atlanta.
Investor research and tools
- Atlanta apartment cap ratesMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- NOI for apartment buildingsHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- DSCR explained for multifamilyDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- what a good cash-on-cash return isCash-on-cash return on apartment buildings: the formula, a worked deal, and Georgia asks at today's rates.
- capitalization rate calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- cash-on-cash return calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
Thinking about a rental or a building instead? Send Jeff a message.
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