A multi-family in Old 4th Ward for less than $250K! Large upstairs unit and two units on the lower level. One Studio apt and the other a 1 bedroom. Income potential of $2500 per month with some TLC to the upstairs unit completed. Great location. Minutes from the new 4th Ward Park and easy access to the new Edgewood Ave Rail Line. Good tenants in place. Great investment opportunity or a chance for owner occupant to make it one large home or live in just the upstairs unit.
Multi-familyProperty Type
1920Year Built
0.33 acresLot Size
Listed by Robert Taylor• MORRIS & RAPER REAL ESTATE CONSULTANTS INC
Bought with KRIS R• RE/MAX Metro Atlanta Cityside
Source:FMLS #5173239
Redfin Estimate
$491,032
$334K since sold in August 2013$24K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 28.3% lower than the average sale price ($685K) of 6 comparable homes.
A multi-family in Old 4th Ward for less than $250K! Large upstairs unit and two units on the lower level. One Studio apt and the other a 1 bedroom. Income potential of $2500 per month with some TLC to the upstairs unit completed. Great location. Minutes from the new 4th Ward Park and easy access to the new Edgewood Ave Rail Line. Good tenants in place. Great investment opportunity or a chance for owner occupant to make it one large home or live in just the upstairs unit.
FMLS #5173239
Sep 4, 2013
Price Changed
$157,000
Sep 4, 2013
Listing Removed
—
Aug 30, 2013
Sold
$157,000
Aug 30, 2013
Price Changed
$158,000
Jul 22, 2013
Pending
—
Jul 17, 2013
Listed
$158,000
GAMLS #7080808
Jun 2, 2013
Listing Removed
—
Apr 12, 2013
Listed
$163,500
GAMLS #2
Apr 20, 2011
Price Changed
$140,000
Dec 2, 2010
Price Changed
$150,000
GAMLS #1
May 15, 2010
Price Changed
$160,000
FMLS #3282287
Jun 4, 2007
Sold
$150,000
Jun 1, 2006
Listed
$199,900
Year
Property tax
Land + Additions
Assessment*
2025
$6,807 (−20.1%)
$63,520 + $102,880
$166,400
2024
$8,520 (+4.8%)
$70,560 + $137,560
$208,120
2023
$8,130 (+36.5%)
$70,560 + $163,000
$233,560
2022
$5,957
$52,840 + $152,280
$205,120
2021
$5,963 (−1.1%)
$72,000 + $75,200
$147,200
2020
$6,030 (+24.2%)
$72,000 + $75,200
$147,200
2019
$4,855 (−0.8%)
$72,000 + $128,280
$200,280
2018
$4,892 (+30.8%)
$72,000 + $128,280
$200,280
2017
$3,740 (−0.3%)
$39,560 + $78,600
$118,160
2016
$3,750 (−0.2%)
$11,640 + $74,960
$86,600
2015
$3,759 (+40.8%)
$11,640 + $74,960
$86,600
2014
$2,669 (+37.9%)
$27,640 + $31,240
$58,880
2012
$1,935
$27,120 + $30,640
$57,760
2011
$1,936 (+0.6%)
$12,920 + $30,640
$43,560
2010
$1,924 (−31.8%)
$12,920 + $30,640
$43,560
2009
$2,821
$26,520 + $37,360
$63,880
2008
$2,821
$26,520 + $37,360
$63,880
Tax history for 511 Morgan St
Year
Property tax
Land + Additions
Assessment*
2025
$6,807 (−20.1%)
$63,520 + $102,880
$166,400
2024
$8,520 (+4.8%)
$70,560 + $137,560
$208,120
2023
$8,130 (+36.5%)
$70,560 + $163,000
$233,560
2022
$5,957
$52,840 + $152,280
$205,120
2021
$5,963 (−1.1%)
$72,000 + $75,200
$147,200
2020
$6,030 (+24.2%)
$72,000 + $75,200
$147,200
2019
$4,855 (−0.8%)
$72,000 + $128,280
$200,280
2018
$4,892 (+30.8%)
$72,000 + $128,280
$200,280
2017
$3,740 (−0.3%)
$39,560 + $78,600
$118,160
2016
$3,750 (−0.2%)
$11,640 + $74,960
$86,600
2015
$3,759 (+40.8%)
$11,640 + $74,960
$86,600
2014
$2,669 (+37.9%)
$27,640 + $31,240
$58,880
2012
$1,935
$27,120 + $30,640
$57,760
2011
$1,936 (+0.6%)
$12,920 + $30,640
$43,560
2010
$1,924 (−31.8%)
$12,920 + $30,640
$43,560
2009
$2,821
$26,520 + $37,360
$63,880
2008
$2,821
$26,520 + $37,360
$63,880
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
3,080 Sq. Ft.
Year renovated
1965
Sq. Ft.
1,290
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Fulton County
APN
14 004700031001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
R-5
Two-Family Residential District
The intent of this chapter in establishing the R-5 Two-Family Residential District is as follows: To provide for the development of medium-density residential areas in a manner which will encourage owner occupancy of individual buildings and lots as well as provide variety in the rental housing stock available to residents of the city.; To encourage neighborhood maintenance and preservation by allowing the conversion of large single-family homes to two-family use.; To provide for development of the required recreational, religious and educational facilities as basic elements of a balanced community.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Educational/school
Property details
Parking
Parking Information
Parking Features: Detached
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 3
Multi-Family Information
# Of Units Total: 3
Exterior
Property Information
Construction Materials: Other
Roof: Composition
Property Condition: Resale
Lot Information
Waterfrontage Length: 0
Financial
Financial Information
Buyer Financing: Conventional
Utilities
Utility Information
Heating: Electric, Forced Air
Water Source: Public
Sewer: Public Sewer
Location
School Information
Elementary School: Fulton - Other
Middle Or Junior School: David T Howard
High School: Midtown
Location Information
Directions: From Ponce de Leon Ave, turn right on Boulevard. Turn left on Morgan. House is on the right.
Fulton
Community Information
Community Features: Near Marta, Near Schools, Near Shopping, Playground, Public Transportation, Street Lights
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 1,290
Stories: 1.0
Lot Size: 3,080 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: 1965
County: Fulton County
APN: 14 004700031001
Home facts updated by county records on Jul 15, 2026
Around this home
Schools
Hope Hill Elementary School
Public PreK-5 • Assigned • 0.8mi
5/10
David T Howard Middle School
Public 6-8 • Assigned • 0.7mi
9/10
Midtown High School
Public 9-12 • Assigned • 0.8mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 104° expected this year, 18 days in 30 years
4/10 Wind Factor
21% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Atlanta, GA • 30308
Average low and high temperatures (°F)
52
35
62
43
73
52
80
59
80
64
88
71
93
75
86
70
85
68
77
57
68
50
58
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.4 hours in
June and 5 hours in December, which is comparable to the
U.S. average for solar exposure.
9.4 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$467,000 – $565,000
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