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839 Commodore Dr NW
Multi-Family
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$449,000

839 Commodore Dr NW, Atlanta

53% below median
0 bd·0 ba·0 sqft
Built 195010,803 sqft lotNorthwest Atlanta

839 Commodore Dr NW, Atlanta, GA

0 bd · 0 ba · 0 sqft Multi-Family listed at $449,000, built in 1950 in the Northwest Atlanta neighborhood.

About this home

This property represents the kind of opportunity serious investors look for when they want long term upside, strong rental demand, and positioning inside one of Atlanta's most important redevelopment corridors. Located at 839 Commodore Drive NW in the heart of the Dixie Hills and Bankhead area, this home sits in a pocket that continues to benefit from city backed revitalization, infrastructure investment, and steady tenant demand driven by proximity to Downtown Atlanta, West Midtown, Georgia Tech, Mercedes Benz Stadium, and the BeltLine expansion plans moving west. What makes this property stand out immediately is its scale and layout. With five bedrooms and two full baths on a single level, it offers a rare combination of space and functionality that performs extremely well in the rental market. Homes of this size in this corridor consistently attract strong tenant interest because they support multiple household types, including larger families, multi generational living, shared housing models, and room by room rental strategies. Investors understand that bedroom count is leverage, and this home delivers exactly that. The property sits on a generous quarter acre lot, providing privacy, flexibility, and future optionality. Large lots in this area are increasingly valuable as redevelopment accelerates and land becomes more scarce. Whether an investor's strategy is long term buy and hold, Section 8 placement, short term corporate style leasing, or future redevelopment, this lot size creates options that smaller parcels simply cannot offer. From a construction standpoint, the home features wood frame construction with durable vinyl siding and stone accent details, paired with an asphalt shingle roof. This is a practical, cost effective build style that investors favor because it keeps long term maintenance predictable and affordable. The single story layout is another major advantage, as it reduces structural complexity, simplifies repairs, and appeals to a wider tenant pool that includes families and renters seeking easy accessibility. Parking is often overlooked, but not here. The private driveway offers convenient off street parking, a key feature that supports rental desirability in urban corridors. Tenants value ease of access, and investors benefit from fewer parking related issues over time. From a rental perspective, this area continues to perform well. Comparable homes in the immediate vicinity support strong monthly rents, particularly for five bedroom properties. This home is well positioned to generate consistent cash flow while still offering upside through cosmetic enhancements or strategic repositioning. Light upgrades such as interior paint, flooring refreshes, fixture updates, or adding washer dryer access can push rental rates even higher without heavy capital expenditure. For investors who understand value add strategies, this property offers a clear path to improved returns. Beyond the numbers, location is the story investors care about most, and this address delivers. Dixie Hills and Bankhead are no longer fringe areas. They are transformation zones. Investors who entered this corridor early have already seen appreciation, and those entering now are positioning themselves ahead of the next wave. The proximity to major employment centers, transit access, and ongoing redevelopment projects continues to strengthen tenant demand while supporting long term appreciation. This property also fits cleanly into multiple investor profiles. It works for buy and hold investors looking for steady cash flow. It works for Section 8 investors seeking larger bedroom counts with strong demand. It works for portfolio builders who want properties that are easy to manage and lease. It even works for forward thinking investors who understand the long term land value and future redevelopment potential of this corridor.

Property details

Price
$449,000
Bedrooms
0
Bathrooms
0
Year built
1950
Lot size
10,803 sqft
Type
Multi-Family
Days on market
123
Est. property tax
$4,131/yr · $344/mo · 0.92% GA avg
Last sold
$420,000 · Oct 2024

Estimated monthly payment

Down payment20% ($89,800)
Interest rate6.75%
Principal & Interest$2,330
Property Tax$412
Insurance$150
Total$2,891/mo

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Price history

$505K$230K$-44K$37K on Feb 85 (Sold)$46K on Aug 87 (Sold)$229K on Dec 22 (Initial list)$229K on Dec 22 (Initial list)$160K on Feb 23 (Sold)$455K on Jul 24 (Initial list)$455K on Jul 24 (Initial list)$420K on Oct 24 (Sold)$455K on Oct 24 (Price change)$455K on Oct 24 (Price change)$2K on Apr 25 (Price change)$2K on May 25 (Price change)$2K on Jun 25 (Price change)$459K on Dec 25 (Initial list)$459K on Jan 26 (Initial list)$454K on Feb 26 (Price change)$454K on Feb 26 (Price change)$452K on Apr 26 (Price change)$452K on Apr 26 (Price change)$449K on Apr 26 (Price change)$449K on Apr 26 (Price change)
$37K · Feb 85$449K · Apr 26
  1. Apr 20, 2026$449,000Price change
  2. Apr 20, 2026$449,000Price change
  3. Apr 2, 2026$452,000Price change
  4. Apr 2, 2026$452,000Price change
  5. Feb 25, 2026$454,000Price change
  6. Feb 25, 2026$454,000Price change
  7. Jan 7, 2026$459,000Initial list price
  8. Dec 24, 2025$459,000Initial list price
  9. Jun 3, 2025$1,689Price change
  10. May 20, 2025$1,800Price change
  11. Apr 21, 2025$1,800Price change
  12. Oct 22, 2024$454,900Price change
  13. Oct 11, 2024$454,900Price change
  14. Oct 1, 2024$420,000Sold
  15. Jul 17, 2024$454,900Initial list price
  16. Jul 17, 2024$454,900Initial list price
  17. Feb 7, 2023$160,000Sold
  18. Dec 14, 2022$229,000Initial list price
  19. Dec 9, 2022$229,000Initial list price
  20. Aug 5, 1987$45,500Sold
  21. Feb 15, 1985$37,000Sold

Location

This home is located in Atlanta, GA. Browse more Atlanta listings on the Atlanta market page or explore the full Atlanta market report.

About Atlanta: Atlanta is the capital and most populous city of the U.S. state of Georgia. It is the county seat of Fulton County and extends into neighboring DeKalb County. With a population of 498,715 at the 2020 census and an estimated 520,070 in 2024, Atlanta is the eighth-most populous city in the Southeast and the 36th-most populous city in the United States. Atlanta is classified as a Beta+ global city. The Atlanta metropolitan area has an estimated population of over 6.4 million and is the sixth-largest metropolitan area in the United States. Situated among the foothills of the Appalachian Mountains at an elevation of just over 1,000 feet (300 m) above sea level, Atlanta features a unique topography that includes rolling hills, lush greenery, and the densest urban tree coverage of any major city in the United States. (source: Wikipedia)

Climate: Average year-round temperature is 63°F with 206 dry days per year and 48.8 inches of annual rainfall.

Location

Map of 839 Commodore Dr NW, Atlanta
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Home Intelligence

Neighborhood (zip 30318)

This neighborhood skews young (median age 30.6) and is primarily renter-occupied (38% owner-occupied). 33% hold a bachelor's degree; median household income is $69,640.

Median income
$69,640
Median age
30.6
Owner-occupied
38.3%
Bachelor's degree
32.7%
Census median home value
$360,100

Source: US Census Bureau American Community Survey 5-year estimates.

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