USAGAAtlantaCloverdale2148 Meador Ave Se

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$299,000

For Sale

A day ago

2148 Meador Ave Se, Atlanta, GA

MLS® 7735394

0 Bed

0 Bath

1 Parking

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage No

Taxes $4,261

Days Active 0

Lot Size 0.331 acres

Approx. Age 1959

MLS® Number 7735394

Property Address: 2148 Meador Ave Se, Atlanta, GA, 30315-7408

Average square foot calculated using Size range provided by listing agent.

Description

Incredible investment opportunity in Historic Lakewood Heights featuring a rare grandfathered duplex with triplex potential in one of Atlanta’s fastest-growing redevelopment corridors. This solid four-sided brick property includes two fully renovated main-level units, each configured as a 1-bedroom, 1-bath residence. Unit A offers approximately 550 square feet and has rental income potential of $1, 500 per month or more, while Unit B is also a 1-bedroom, 1-bath unit with similar income potential of approximately $1, 500 per month or more. The unfinished basement presents significant value-add potential with space suitable for conversion into a third studio apartment, with an estimated renovation cost of approximately $20, 000 according to the seller’s contractor bid. Once completed, the property could generate approximately $4, 500 per month in gross rental income across three units. This setup also presents an attractive house-hacking opportunity for an owner-occupant utilizing FHA 203(k) financing, allowing a buyer to live in one unit while renting the others to offset the mortgage. The property already features two separate gas meters and offers ample storage space along with a basement area ideal for a home gym, workshop, or additional living space. Ideally located just minutes from East Atlanta Village, Summerhill, Grant Park, Lakewood Amphitheater, Lakewood Stadium, parks, dining, and shopping, the home also offers convenient access to I-75 and I-20, Mercedes-Benz Stadium, Downtown Atlanta, and Hartsfield-Jackson International Airport. South Bend Park and the scenic Southtowne Trail are only minutes away, offering miles of walking trails, access to the Swann Nature Preserve, and beautiful views along the South River. Positioned in the heart of a rapidly developing area surrounded by new construction and revitalization, this property represents a rare opportunity to secure a flexible income-producing asset with strong rental potential and long-term appreciation, all within easy reach of intown Atlanta amenities.

MLS® Number7735394

Laundry Level

Central VacNo

FireplaceNo

Acreage0.331

Exterior

GarageNo

Approx. Age1959

Basement

DrivewayCarport

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 15, 2026List Date

$299,000List Price

Commute

Commute

Starting Address

Destination Address

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