#7529281, Candace Smiley, Listing office: Keller Williams Realty Cityside
Property details
About 240 Wellington St SW
Calling All Investors! Located in the sought-after Historic Mozley Park neighborhood, this spacious 1938 home sits on a .30-acre lot and is bursting with potential. Currently configured with 10 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!
Highlights
Home typeMulti Family
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.3 Acres
Year built1938
MLS #10527310
Summary
- Basement: No
- Attached Garage: No
- Parking: None
- Heating: Central
- Cooling: Central Air
- List Price: $499,484
- HOA Amount: $0
- Annual Tax Amount: $7,215
- Tax Year: 2023
- Directions: gps friendly
- Year Built: 1938
- Lot Size: 0.3 Acres
- MLS Number: 10527310
- MLS Name: Georgia MLS 2
- Office Name: Purser Realty
- Listing Agent: Jami Purser
Based on information from the Georgia MLS © 2025.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/13/2025, 12:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 02, 2008 | Home Sold | $285,811 |
| Nov 10, 2004 | Home Sold | $350,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $174,280 | $7,215 |
| 2022 | $143,960 | $5,959 |
| 2021 | $91,160 | $4,634 |
| 2020 | $56,840 | $2,353 |
| 2019 | $55,360 | $2,274 |
| 2017 | $25,960 | $1,121 |
History based on county public records data.
Nearby schools
4
Frank Lebby Stanton Elementary School
Public District EE-5
0.4 mi
•1625 Martin Luther King Jr Dr NW
5
Kipp Strive Primary School
Public Charter KG-4
0.5 mi
•1448 Lucile Ave SW
4
Slam Academy of Atlanta
Public Charter KG-5
0.7 mi
•1150 Westview Dr SW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $14,318. Typical income of Atlanta, GA residents is less than $<35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
59%
<35k
28%
35k-100k
13%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
18%
Single, with Kids
15%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
19%
18-34 yrs old
42%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Popeyes
Boston Market
What do the neighbors drive?
Kia
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
#7549253, Elle Vickery, Listing office: Keller Williams Realty Metro Atlanta
Frequently asked questions
About 240 Wellington St SW
The listing price of 240 Wellington St SW property is $499,484.
The property 240 Wellington St SW is a multi located in Atlanta, Georgia, 30314.
Active Listing: 240 Wellington St SW is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 240 Wellington St SW are: Frank Lebby Stanton Elementary School (GreatSchools Rating 4/10), Kipp Strive Primary School (GreatSchools Rating 5/10), Slam Academy of Atlanta (GreatSchools Rating 4/10), Kipp Strive Academy (GreatSchools Rating 4/10), Herman J. Russell West End Academy (GreatSchools Rating 2/10), Kipp West Atlanta Young Scholars Academy (GreatSchools Rating 2/10), Kipp Atlanta Collegiate Academy (GreatSchools Rating 4/10), Booker T. Washington High School (GreatSchools Rating 2/10), Frederick Douglass High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $7,215 (source: MLS/based on county public records data).
The last sale was on December 2, 2008 for $285,811 (source: MLS/tax record).
The year of construction for 240 Wellington St SW is 1938.
This home is located at 240 Wellington St SW in Atlanta, GA and zip code 30314 in the Mozley Park neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 23, 2025 and is currently priced at $499,484.
Over 252 listings were sold over their listed price in June 2025 in Atlanta, GA. In the same period over 718 listings were sold below the listed price and 241 listings were sold for the listed price. The number of listings in Atlanta, GA increased by 10.2% between May and June 2025. While the average time on the market in June 2025 was 45 days, the median list price was $426,329.
From Rocket Homes Real Estate and based on county public records data.