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423-244-0392
Grace Property Group/Realty ONE Group Experts
240 wellington Street SW, Atlanta, GA 30314
- $420,000
- 9
- BD
- 3
- BA
- 4,550
- SqFt
- Sold Price
- $420,000
- List Price
- $457,647
- Status
- CLOSED
- Days on Market
- 44
- Closing Date
- Dec 30, 2025
- MLS#
- 10629582
- Subtype
- Residential
- Style
- Victorian
- Year Built
- 1938
- Bedrooms
- 9
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 4,550
- Lot Size
- 13,068
- Acres
- 0.30
- Subdivision
- none
Property Description
Calling All Investors! Located in the sought-after Historic Mozley Park neighborhood, this spacious 4,550 square foot 1938 home sits on a .30-acre lot and is bursting with potential. Currently configured with 9 bedrooms and 3 bathrooms, this property has operated as a successful rent-per-room investment for the past 16 years. Originally a triplex (last used as such in 2009), each unit featured 3 bedrooms and 1 bathroom-making this an ideal candidate for conversion back to a multi-family setup with the proper zoning variance. Though in the historic Mozley Park area, this property is NOT located in a historic preservation zone, giving buyers more flexibility for renovations and development. The neighborhood has seen significant upward growth over the past 3 years, with beautifully renovated homes appearing daily-and its close proximity to the Atlanta BeltLine only adds to the appeal and long-term value. Whether you're looking to restore it as a grand single-family home, reconfigure it as a profitable triplex, or continue its use as a high-yield rental, this is an opportunity you don't want to miss. Currently tenant-occupied, and ready for its next chapter with a little vision and TLC!
Additional Information
- Interior Features
- Rear Stairs
- Property Description
- Victorian
- Flooring
- Carpet, Laminate
- Appliances
- Electric Water Heater, Microwave, Refrigerator
- Heating
- Central, Electric
- Air Conditioning
- Ceiling Fan(s), Central Air, Electric
- Stories
- 2 Stories
- Levels
- Two
- Parking
- None
- Elementary School
- F L Stanton
- High School
- Douglass
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Listing courtesy of Purser Realty. Selling Office: .
© 2026 Georgia MLS. All rights reserved. Information Deemed Reliable But Not Guaranteed.