For Sale
Price CutPrice Drop: $1K (10/29)
Multi family home for sale at 540 John Wesley Dobbs Ave Ne, Atlanta, GA 30312 | MLS# 10817730 | Listing updated on 2026-10-29
Photo 1 of Multi family home for sale at 540 John Wesley Dobbs Ave Ne, Atlanta, GA 30312 | MLS# 10817730 | Listing updated on 2026-10-29
Photo 2 of Multi family home for sale at 540 John Wesley Dobbs Ave Ne, Atlanta, GA 30312 | MLS# 10817730 | Listing updated on 2026-10-29
Photo 3 of Multi family home for sale at 540 John Wesley Dobbs Ave Ne, Atlanta, GA 30312 | MLS# 10817730 | Listing updated on 2026-10-29
Photo 4 of Multi family home for sale at 540 John Wesley Dobbs Ave Ne, Atlanta, GA 30312 | MLS# 10817730 | Listing updated on 2026-10-29
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$1,648,000

Monthly Est:$8,203

  • Beds Icon-- Bed
  • Beds Icon
    -- Bath
  • Beds Icon--sqft

540 John Wesley Dobbs Ave Ne, Atlanta, GA 30312

$8,203/moEst:

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  • Multi Family

  • Built in 1920

  • $-- HOA

  • 5,662.8 sqft lot

  • --/sqft

Description

TURNKEY LUXURY INVESTMENT - Welcome to "The Dobbs," an exceptional luxury income property in the heart of Old Fourth Ward. This 3,700+ square foot estate offers a rare 5-star investment opportunity with proven historical performance. Positioned just 4 blocks from the Atlanta BeltLine Eastside Trail and directly on the Freedom Trail Path, the location provides guests with effortless access to Mercedes-Benz Stadium, Centennial Olympic Park, and the city's top dining and entertainment districts. VERSATILE REVENUE STREAM: Currently operating as a premier short-term rental, this property is sold FULLY FURNISHED and equipped for a seamless transition. The two-unit duplex layout offers unmatched flexibility: continue as a high-performing vacation rental, pivot to mid-term corporate housing, or convert into a grand single-family residence. THE LAYOUT: The main level features 3 bedrooms and 2 bathrooms with soaring 12-foot ceilings and an updated chef's kitchen. The upper level offers 2 bedrooms, 2 bathrooms, and a large loft-style third bedroom. Both units feature updated finishes and designer touches throughout. OUTDOOR AMENITIES: Professionally designed, resort-style landscaping creates a private urban retreat in both the front and rear yards, consistently driving 5-star guest reviews and premium nightly rates. Own a piece of Atlanta history with guaranteed day-one cash flow in the city's most in-demand neighborhood.

  • Houzeo last checked: 3 minutes ago
  • Listing updated: October 29, 2026 at 8:28 pm
  • Listing Provided by: | HomeSmart (404) 876-4901
  • Source: Georgia MLS-GA | MLS#: 10817730 Georgia MLS-GA

Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Fulton County

  • City

    Atlanta

  • Neighborhood

    Old Fourth Ward

  • Year Built

    1920

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    5,662.8 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Georgia MLS

  • MLS Number

    10817730

  • MLS Status

    Price Change

  • Days on Market

    77

  • Cumulative Days on Market

    76

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedroom: --

    Bathroom: --

Interior

  • Sewer

    Public Sewer

  • Cooling

    Central Air, Electric, Heat Pump

  • Heating

    Central, Natural Gas

Construction

  • Year Built

    Year Built: 1920

  • Home type

    Multi Family

  • Property Condition

    Resale

  • Foundation Details

    Block

  • Construction Materials

    Other

Utilities & Energy

  • Basement

    None

  • Parking Features

    Off Street

  • Utilities

    Other

  • Laundry Features

    Common Area, In Unit

  • Water Source

    Public

Other Features

  • Community Features

    Park, Sidewalks, Street Lights

  • Subdivision Name

    Old Fourth Ward

Price History

DateEventPrice

10/29/2026

Source: mls_logoFirst Multiple Listing Service-GA #7809021

Price Decreased

$1,648,000 -0.06%

$0/sqft

08/10/2026

Source: mls_logoFirst Multiple Listing Service-GA #7809021

Listed for Sale

$1,649,000

$0/sqft

06/01/2026

Source: mls_logoGeorgia MLS-GA #10738258

Off Market

$1,648,990

$0/sqft

05/30/2026

Source: mls_logoGeorgia MLS-GA #10738258

Price Decreased

$1,648,990 -2.43%

$0/sqft

02/27/2026

Source: mls_logoGeorgia MLS-GA #10661913

Off Market

$1,690,000

$0/sqft

Show more

Old Fourth Ward Ranks #8 in Atlanta, GA

Homes for sale
131

Homes

Rental prices
$1,709

Rental Prices

Median Home Price
$463.28K

Median Home Price

Old Fourth Ward, Atlanta, GA neighborhood guide

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Information Deemed Reliable But Not Guaranteed. © 2026 Georgia Multiple Listing Service. All Rights Reserved.

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