$4,393 Closing Credit¹
#7496358, Ola Osunneye, Listing Office: BHGRE Metro Brokers
$365,000 List price
311 University Ave SW Atlanta, GA 30310
$4,334
Closing credit¹
0.10 acres
House
Property details
About 311 University Ave SW
Calling all INVESTORS! Strategically located in close proximity to Atlanta Beltline, Pittsburg Yards, major highways and public transportation, this up/down duplex on University Avenue offers a practical yet spacious layout with three bedrooms and two bathrooms on the upper unit and a one bedroom and one bathroom on the bottom unit. Both units were renovated a few years ago and have goodstanding, current tenants in place. The bottom-level unit tenant has signed a renewal for a one-year lease starting March 1st, 2025. The duplex nature of the home also opens the door to incredible investment opportunities where one (or both) of the units could be used to generate income from tenants, and one can be owner-occupied in the near future. The seller rents the upstairs unit for $1850 a month and the bottom unit for $1,050 a month, a total of $2900 a month. Both tenants have renewed their leases with rent increases for one year each, lease expires on March 1st, 2026. Considerate & kind tenants who are extremely stable with on-time rental payment history. This fantastic & hassle-free investment opportunity in the heart of Atlanta offers profitable returns and a high cap rate for a savvy investor's portfolio.
Highlights
HeatingForced Air
StatusActive
CoolingCentral Air
Lot size0.095 Acres
Year built1948
MLS #10428380
Virtual tour
Summary
- MLS Number: 10428380
- MLS Name: Georgia MLS 2
- Office Name: Keller Williams Realty Atl. Partners
- Listing Agent: Shermine A Khakiani
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: 3/15/2025, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$365,000
311 University Ave SW
$4,334
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 29, 2019 | Home Sold | $105,000 |
| Apr 25, 2019 | Home Sold | $65,000 |
| Jan 05, 2010 | Home Sold | $24,000 |
| Apr 07, 2006 | Home Sold | $76,000 |
| Mar 20, 2006 | Home Sold | $64,000 |
| Apr 12, 2005 | Home Sold | $148,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $116,880 | $4,838 |
| 2022 | $82,640 | $3,421 |
| 2021 | $65,480 | $3,140 |
| 2020 | $31,720 | $1,313 |
| 2019 | $25,960 | $1,066 |
| 2017 | $6,640 | $286 |
History based on county public records data.
Nearby schools
3
Slater Elementary School
Public District KG-5
0.5 mi
•1320 Pryor Rd SW
4
Gideons Elementary School
Public District PK-5
0.7 mi
•897 Welch St SW
4
Barack & Michelle Obama Academy
Public District PK-5
1.0 mi
•970 Martin St SE
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 $27,874. The majority of Atlanta, GA residents have income less than $<35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
61%
<35k
37%
35k-100k
1%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
57%
Single, No Kids
28%
Single, with Kids
9%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
10%
12-17 yrs old
23%
18-34 yrs old
38%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Soccer
Pro Boxing
Figure Skating
Where do the neighbors shop?
Forever 21
Burlington
Family Dollar
Where do the neighbors go to eat?
Dominos Pizza
Popeyes
Church's Chicken
What do the neighbors drive?
Mazda
Dodge
Cadillac
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
$4,382 Closing Credit¹
#10411709, Dami Amele, Listing Office: Keller Williams Rlty.North Atl
$4,382 Closing Credit¹
#10420369, Dami Amele, Listing Office: Keller Williams Rlty.North Atl
$4,274 Closing Credit¹
#10460225, Ralesia Phillips, Listing Office: Hunter International Realty
1 day on Rocket
$4,394 Closing Credit¹
#10477566, Wade Dorminy, Listing Office: Atlas Real Estate Inc.
$4,238 Closing Credit¹
#7531023, Eduardo Rognoni, Listing Office: First United Realty, Inc.
4 days on Rocket
$4,393 Closing Credit¹
#10475802, Kris M Kolarich, Listing Office: Southern Classic Realtors
$4,394 Closing Credit¹
#10349886, Florence McCulland, Listing Office: HomeSmart
$4,394 Closing Credit¹
#7430853, Florence Mcculland, Listing Office: HomeSmart
$4,452 Closing Credit¹
#7487694, Ryan Spikes, Listing Office: BHGRE Metro Brokers
Frequently asked questions
About 311 University Ave SW
This home is located at 311 University Ave SW in Atlanta, GA and zip code 30310 in the Southwestern Atlanta neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since December 17, 2024 and is currently priced at $365,000.
In February 2025, from all listings sold in Atlanta, GA there were more than 147 sold above asking price, over 455 sold below and more than 168 were sold right at the asked price. Between January and February 2025, Atlanta, GA real estate market has seen increase in the number of listings by 20%. In February 2025, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $421,346.
From Rocket Homes Real Estate and based on county public records data.