504 Morgan Street

A 0.074-acre other in Atlanta.

Modern Intown Rental Asset | $10K–$13K Monthly Income | Flexible 2-Unit Configuration. This modern in-town property offers a rare opportunity to acquire a flexible residential asset with proven income potential in the hot and happening Old Fourth Ward neighborhood just steps from Ponce City Market, Eastside Betline Trail, Krog Market and so much more.

The home has demonstrated solid rental performance of $10,500/month as a full-home (long-term) rental, with historical income above $13,000/month when utilizing separate upper and lower living spaces. Originally built as a personal home, the residence was owner-occupied until mid 2023. It's easy to maintain & has very low expenses. Can be offered furnished as per the pictures. The layout includes a private-entry lower-level suite, allowing for: Dual rental configuration, Owner + Tenant, Mid-term or long-term rental strategies. With no HOA and fee-simple ownership, investors/owners benefit from maximum operational flexibility.

This sophisticated three-level modern residence offers luxury living in the heart of Atlanta’s coveted Old Fourth Ward. The home combines architectural design, premium materials, and an unbeatable in-town location steps from Ponce City Market, Historic Fourth Ward Park, and the Atlanta BeltLine.

Flooded with natural light, the home features contemporary aluminum windows throughout, highlighted by a dramatic 8-foot-wide by 16-foot-tall statement window in a double-height living space facing the street, beautifully framing a custom chandelier. Walnut hardwood flooring runs throughout, adding warmth and continuity to the clean modern design.

The designer kitchen features natural maple veneer cabinetry with drawer-based base cabinets for optimal storage, a full-height marble backsplash, and a striking statement exhaust hood.

The main-level primary suite provides exceptional convenience and privacy, complete with a walk-through dressing room with built-in closets. The European spa-inspired bath features floor-to-ceiling tile, a wet room with dual showers, a 72-inch whirlpool tub, and floating vanities. Step directly onto a private deck finished with durable composite decking and sleek metal railings.

Upstairs, a junior suite with a private bath is joined by two additional bedrooms and another full bath. All enjoy shared access to a turfed second-level deck, prewired for an outdoor bar with sink and beverage cooler—perfect for entertaining.

The ground level includes a rare two-car garage with EV connection and a separate lock-off 1BR/1BA in-law suite, ideal for guests, extended family, or rental flexibility. Completing the architectural composition is beautiful natural redwood tongue-and-groove accent siding, adding warmth and texture to the home’s modern exterior. Seize the opportunity to own a brand-new architectural home in one of Atlanta’s most vibrant neighborhoods.

Property details

Where it sits

Mortgage estimate

An estimate of your monthly payment, including principal, interest, taxes, and insurance. Property taxes for this listing are $11,910 annually.

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