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Active154 days listed

219 Joseph E Lowery Boulevard SW, Atlanta, GA 30314

  • 4bd
  • 2ba
  • 1,379SF
  • 0.09ac lot

Single-family homeAshview Heights

List price

$260,000

$189/SF list

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FMLS IDXFMLS #7778016 · Listing Provided By Keller Williams Realty Atl Partners · 678-480-8716 · Listing agent Adam Lewis

Location

219 Joseph E Lowery Boulevard SW, Atlanta GA 30314

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About this home

Turnkey Student Housing Investment Opportunity in the Heart of Atlanta Hitting The 1% Rule! Add an instant, reliable cash-flowing asset to your rental portfolio with this fully occupied 4-bedroom, 2-full-bath rooming house generating $3,200 per month in gross room rentals, plus an additional $50-$75 per month in coin-operated laundry revenue. Positioned for premium student housing, this income-producing property is located directly between Ashview Heights and the prestigious Atlanta University Center (AUC), offering unbeatable proximity to Clark Atlanta University, Morehouse College, Spelman College, and Morris Brown College. This low-maintenance, turnkey asset features a new roof installed within the last 2 years, durable central air and heat, a recently updated shared kitchen, and absolutely no carpet for seamless tenant turnarounds. The property conveys with all existing tenants (although it DOES NOT have to) on mostly highly flexible month-to-month agreements, and the owner bills back directly for water and electricity, protecting your net operating income (NOI). Please note that Room 4 with the private full bath is not pictured, and all marketing photos are from a prior 2024 marketing period when the rooms were professionally cleaned and turned over. Do not miss this rare opportunity to secure immediate, passive cash flow with a strong 2-year track record of averaging ~$800 per room in a high-growth Atlanta submarket!

How this list price compares in Atlanta

Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.

Home facts

Property type
Single-family home
Status
Active
Bedrooms
4
Full baths
2
Living area
1,379 SF
Lot size
0.09 acres
Year built
1930
Levels
One
Main-level bedrooms
4
Parking
Attached, Parking Pad
Basement
Crawl Space, Exterior Entry
Style
Ranch
Construction
Cement Siding, Concrete, Other
Roof
Composition
Flooring
Ceramic Tile, Hardwood, Vinyl
Heating
Central
Cooling
Central Air
Appliances
Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Lot
Back Yard, Landscaped
Community
Curbs, Near Public Transport, Near Schools, Near Shopping
HOA
No
Annual tax
$4,869 (2024)
County
Fulton

Assigned schools

As reported in the listing. Verify with the school district.

Payment estimate

Estimate the monthly payment

Prefilled with the list price of $260,000 and this week's average rate. Change anything to see your number.

Loan type
Estimated monthly payment

$2,236/mo

Principal and interest
$1,607
Property tax
$406
Home insurance
$125
Mortgage insurance
$98
Loan amount
$234,000
Cash down
$26,000

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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