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1079 Tumlin St NW
Multi-Family
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$875,000

1079 Tumlin St NW, Atlanta

0 bd·0 ba·0 sqft
Built 19504,600 sqft lotHome Park

1079 Tumlin St NW, Atlanta, GA

0 bd · 0 ba · 0 sqft Multi-Family listed at $875,000, built in 1950 in the Home Park neighborhood.

About this home

INVESTORS! This is a rare bird - legal duplex turned 7 bedroom, 4 full bath rooming house a long time ago. This cash cow is ready for your 1031 exchange. Monthly income currently $5,425 but could easily be $6000 or more netting 6.5-7% cap rate. Tenants pay ALL utilities. Current owner replaced both HVAC systems (one per floor) and both hot water heaters in 2024. Current tenants are GA TECH students and have leases until mid-May, but two want to stay and can easily fill the next five spots. GaTech College & Young professional HOUSE - Ideally located near GA TECH, this property (7 Bedroom, 4 bath + 2 BONUS ROOMS) has had Little vacancies over the years as GA Tech is a short two blocks away. There are 3 Double-Room Suites that have a common room with bathrooms and one comes with a stackable washer/dryer. There are two bonus rooms upstairs and one downstairs in between the bedrooms providing extra storage/hang-out space. 4 Tenants stay on the top Floor and 3 on the main. Tiled main floor, hardwood stairway and carpeting on the upper level. This is a MUST SEE, as new upper class-man typically plan to move in every year. The 7 Tenant leases to be honored through mid-May 2026. House has fenced in backyard. There is a concrete parking pad for 2 cars on the property - you can charge extra for parking. House location is convenient walk to GA TECH campus, Atlantic Station, and much more. Showings by Appointment ONLY, no lockbox. Listing agent must be present at all showings. Prefer weekdays with 72 hours notice.

Property details

Price
$875,000
Bedrooms
0
Bathrooms
0
Year built
1950
Lot size
4,600 sqft
Type
Multi-Family
Days on market
85
Est. property tax
$8,050/yr · $671/mo · 0.92% GA avg
Last sold
$758,000 · Feb 2024

Estimated monthly payment

Down payment20% ($175,000)
Interest rate6.75%
Principal & Interest$4,540
Property Tax$802
Insurance$150
Total$5,492/mo

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Price history

$962K$438K$-87K$35K on Feb 82 (Sold)$65K on Oct 95 (Sold)$151K on Aug 00 (Sold)$179K on Aug 03 (Sold)$1K on Aug 21 (Price change)$829K on Dec 23 (Initial list)$758K on Feb 24 (Sold)$875K on Jan 26 (Initial list)$875K on Jan 26 (Initial list)$875K on Feb 26 (Initial list)$875K on Feb 26 (Initial list)
$35K · Feb 82$875K · Feb 26
  1. Feb 3, 2026$875,000Initial list price
  2. Feb 2, 2026$875,000Initial list price
  3. Jan 31, 2026$875,000Initial list price
  4. Jan 30, 2026$875,000Initial list price
  5. Feb 13, 2024$758,000Sold
  6. Dec 8, 2023$829,000Initial list price
  7. Aug 10, 2021$550Price change
  8. Aug 4, 2003$178,500Sold
  9. Aug 28, 2000$151,000Sold
  10. Oct 5, 1995$64,500Sold
  11. Feb 5, 1982$35,000Sold

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 1079 Tumlin St 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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