574 East Avenue Northeast, Atlanta, GA 30312 For Sale

R-5 ZONED TWO-FAMILY RESIDENTIAL / SIGNIFICANT INTOWN ASSET WITH INCOME COMPONENT. 574 East Ave NE presents a rare opportunity to acquire a substantial residential asset in Historic Old Fourth Ward with both lifestyle appeal and income-producing capability. The property includes a fully self-sufficient, fully furnished attached apartment of approximately 900 square feet with a proven rental history, most recently leased for $2,000 per month in 2024. The apartment has functioned successfully as a studio, in-law or au pair suite, and income-producing rental. By contrast, the main house has been used as a residence rather than as a rental unit, creating a compelling owner-occupant or hybrid-use opportunity. Based on current R-5 zoning, both the main residence and the apartment may offer long-term or short-term leasing potential, subject to buyer verification of zoning, licensing, and City of Atlanta ordinances.

The main residence contains approximately 5,858 square feet and includes 6 bedrooms, 6 full baths, and 2 half baths. Interior features include 10-foot ceilings, crown molding and wainscoting, refinished red and white oak floors, formal living and dining rooms, 3 fireplaces, and a layered floor plan designed for both daily living and entertaining. The gourmet kitchen is anchored by Sub-Zero, Thermador, and Café appliances, breakfast area and banquette seating, solid-surface/leathered quartzite counters, large island, and a true butler’s pantry / second prep space that strengthens the home’s hospitality function. Additional interior amenities include a wine cellar with EuroCave and French riddling racks, movie theater, game room, gym, wet bar, bonus/flex areas, and a lofted office or retreat space. The finished daylight basement with interior and exterior entry further expands the property’s usability.

Exterior improvements are a major differentiator. The property is accessed through a gated private driveway and includes a 3-car attached garage, a feature that is exceptionally rare in intown Atlanta and especially valuable for buyers seeking secure parking, storage, and event-driven access. Outdoor features include a private fenced Zen garden, koi pond with waterfall, oversized southern-facing front porch, screened porch, cool-touch TimberTech/Azek decking, covered outdoor kitchen/kitchenette, low-maintenance turf, and an in-ground swim spa / hot tub designed for entertaining and recreation. Major systems include two HVAC systems and two hot water tanks replaced in 2021, adding important operational value to the asset.

From an access and location standpoint, the property is extremely well positioned near MARTA/public transportation and offers convenient proximity to the Atlanta BeltLine, Historic Fourth Ward Park and Skate Park, Ponce City Market, Krog Street Market, Centennial Olympic Park, Mercedes-Benz Stadium, State Farm Arena, Georgia World Congress Center, Fox Theatre, Bobby Dodd Stadium at Hyundai Field, and major employment centers in Midtown and Downtown Atlanta. For buyers seeking a residential asset with proven income, flexible zoning-supported use, secure gated access, rare parking capacity, and strong event-driven demand potential, 574 East Ave NE is a distinctive Old Fourth Ward offering.