$295,000

663 Magnolia St NW Atlanta, GA 30314

$3,503
Closing credit¹
0.10 acres
House

Property details

About 663 Magnolia St NW

Attention Investors! Back on the market at no fault to the Seller. This cash-flowing property boasts a 6.7% cap rate and is perfectly situated in the heart of Historic Vine City, steps from Mercedes-Benz Stadium and close to Atlanta's premier attractions, including HBCUs, Vine City MARTA, Castleberry Hills, Centennial Park, the Georgia Aquarium, Georgia Tech, and the new 16-acre Rodney Cook Sr. Park. With Atlanta's ongoing growth and redevelopment, this low-maintenance investment is primed for success. Currently operating as a Section 8-approved rental, the property features a newer roof, laminate flooring throughout, and low landlord expenses, ensuring easy cash flow with a tenant already in place. Take advantage of the high demand for housing in one of the city's most rapidly evolving neighborhoods. Sold As-Is with tenant in place-please do not disturb the tenant. Don't let this prime investment opportunity pass you by!

Highlights

Home typeOther
HeatingNatural Gas
StatusActive
CoolingCentral Air
Lot size0.1 Acres
Year built1998
ParkingParking Lot
MLS #7493893
ViewOther

Summary

  • MLS Number: 7493893
  • MLS Name: First Multiple Listing Service
  • Office Name: Berkshire Hathaway HomeServices Georgia Properties
  • Office Phone: (404) 537-5200
  • Listing Agent: Hillary Dukes

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2025 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
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, 1:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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back of property featuring covered porch

$295,000

663 Magnolia St NW

$3,503

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Sep 12, 2013
Home Sold
$53,500
Jul 29, 2008
Home Sold
$211,000
Oct 27, 2007
Home Sold
$211,000

Tax history

YearAssessmentProperty Tax
2023$133,600$5,531
2022$38,000$1,573
2021$38,000$2,027
2020$38,000$1,573
2019$42,280$1,561
2017$10,760$464

History based on county public records data.

Nearby schools

3

Kipp Ways Primary School

Public Charter KG-4

0.9 mi

350 Temple St NW

5

M. Agnes Jones Elementary School

Public District EE-5

1.0 mi

1040 Fair St SW

4

Slam Academy of Atlanta

Public Charter KG-5

1.2 mi

1150 Westview Dr SW

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $25,921. Residents of Atlanta, GA typically earn less than $<35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

64%
<35k
32%
35k-100k
4%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

65%
Single, No Kids
20%
Single, with Kids
6%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
6%
12-17 yrs old
28%
18-34 yrs old
41%
35-64 yrs old
12%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • BurlingtonBurlington
  • H&MH&M
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Boston MarketBoston Market
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • KiaKia
  • HondaHonda
  • DodgeDodge

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 663 Magnolia St NW

This home is located at 663 Magnolia St NW in Atlanta, GA and zip code 30314 in the Vine City neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since December 4, 2024 and is currently priced at $295,000.

In February 2025 more than 147 listings in Atlanta, GA were sold above the asking price. During the same period more than 168 listings were sold at asking price, while more than 455 were sold below. The number of listings in Atlanta, GA increased by 20% between January and February 2025. The median list price of listings available in February 2025 was $421,346, while the average time on the real estate market was 56 days.

From Rocket Homes Real Estate and based on county public records data.

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