536 Elmwood Road NW, Atlanta, GA 30318

Property Description

UNMATCHED VALUE and versatility in up-and-coming Grove Park! Zoned multi-family on a massive lot, this turnkey opportunity is priced to sell at $349,000. This fully renovated duplex delivers 5 bedrooms and 3 full bathrooms across two independent units sitting on an expansive 0.43-acre lot. Boasting a rare DOUBLE-FOOTPRINT compared to typical area parcels, this oversized lot represents a dream opportunity for both traditional homebuyers and investors alike. Recently updated from top-to-bottom with new appliances and modern finishes, this property offers incredible lifestyle and income options: * SMART HOMEOWNERSHIP ("HOUSE HACK"): Live in the spacious 3-bed, 2-bath unit and rent out the 2-bed, 1-bath suite to heavily offset your mortgage. * MULTIGENERATIONAL LIVING: Perfectly configured to keep family close, use the lower level as a private, independent "mother-in-law" suite. * PURE INVESTMENT / DEVELOPMENT: Take advantage of the rare R-5 multi-family zoning. Keep it fully occupied as a high-yield duplex generating exceptional immediate cash flow (85% government subsidized), or capitalize on the massive footprint to build additional income units, an ADU, or expand the existing structure for MAXIMUM DENSITY and equity growth. Both light-filled units feature tiled flooring and separate utility meters for effortless management. Tenants and owners will love the shared access to an enormous backyard perfect for outdoor relaxation. Conveniently located to West Midtown, Downtown Atlanta, Georgia Tech, and Mercedes-Benz Stadium with easy access to public transit for an effortless city commute. Nature lovers and outdoor enthusiasts will enjoy immediate proximity to Shirley Clarke Franklin Park (formerly Westside Park)-Atlanta's largest park with a massive reservoir and scenic city skyline views, located just 1 mile from the property. This HIGH-DEMAND LOCATION positions buyers perfectly for long-term appreciation and quality occupancy. SHOWING DETAILS: Units are occupied; no lockbox on-site. All showings require a scheduled appointment. Broker will provide access. DISCLAIMER: Interior photos in this listing have been virtually enhanced using artificial intelligence (AI) to illustrate the room's potential. These images are for illustrative purposes only and may not reflect the property's current condition, finishes, furnishings, or layout. Buyers are encouraged to view the property in person to verify its actual features and condition.