www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32817993
32817994

540 John Wesley Dobbs Avenue Northeast, Atlanta, GA 30312 For Sale

HomeSmart
Listed by HomeSmart
$1,649,000
59 days on market
Updated 58 days ago

Short Term Rental in Old Fourth Ward - Atlanta Beltline

Details
Property Type Multifamily, Business for Sale
Sub Type Business and Building
Square Footage 3,700
Units 3
NOI $180,000
Year Built 1920
Year Renovated 2021
Buildings 1
Acreage 0.140
Zoning R5
Ground Lease No

O4W Beltline STR Investment - $702K+ Career Gross - $77K Already Booked for 2026

Marketing description

"The Dobbs" is a premier, historically significant income property located in Atlanta’s high-growth Old Fourth Ward submarket. This 3,750+ SF luxury duplex has been meticulously maintained and optimized as a top-performing short-term rental, delivering exceptional yields and a proven track record of over $702,000 in total gross revenue since 2021.

Beyond its current performance, the property’s R5 zoning and 0.20-acre lot offer significant upside for future density or expansion. Situated in a supply-constrained neighborhood with direct trail frontage, the asset benefits from permanent location-based demand that drives premium nightly rates. This is a rare opportunity to acquire a stabilized, high-margin asset with over $77,000 in secured revenue already paced through 2026. Sale includes all Furniture, Fixtures, and Equipment (FF&E).

Investment highlights

DOMINANT REVENUE TRACK RECORD: Over $702,000 in total gross booking revenue generated since January 2021, demonstrating consistent high-yield performance in Atlanta’s premier submarket.

SECURED 2026 INCOME: The property is currently pacing for a record year with over $77,000 in confirmed bookings already on the books to convey to the new owner, providing immediate day-one cash flow.

UNMATCHED TRAIL CONNECTIVITY: Positioned directly on the Freedom Trail Path and just four blocks from the Atlanta BeltLine Eastside Trail, ensuring permanent, location-based occupancy demand.

VALUE-ADD POTENTIAL: Zoned R5 with existing plans for a rear staircase conversion to add two bedrooms, plus significant potential for an Accessory Dwelling Unit (ADU) for a third revenue stream.

LOW-CAPEX ASSET: Recent major capital improvements include a brand-new roof (2026), a new first-floor HVAC system, and a full professional exterior paint job.

FULLY TURNKEY SALE: The property is sold fully furnished and stocked, allowing for a seamless continuation of five-star operations with all professional management systems in place.

Listing Contacts

HomeSmart
Listed by HomeSmart

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

0
DSCR
10.92%
Cap Rate
10.92%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Justin Longenbach
License
305804
Brokerage
HomeSmart
Brokerage Phone
404.876.4901
Title
Realtor
Brokerage Address
10900 Crabapple Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591