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219 Joseph E Lowery Boulevard; Atlanta, GA 30314

$290,000

1,379 Sq Ft
4 Bedrooms
2 Bathrooms
Attached
7778016
Turnkey Student Housing Investment Opportunity in the Heart of Atlanta Hitting The 1% Rule! Add an instant, reliable cash-flowing asset to your rental portfolio with this fully occupied 4-bedroom, 2-full-bath rooming house generating $3,200 per month in gross room rentals, plus an additional $50-$75 per month in coin-operated laundry revenue. Positioned for premium student housing, this income-producing property is located directly between Ashview Heights and the prestigious Atlanta University Center (AUC), offering unbeatable proximity to Clark Atlanta University, Morehouse College, Spelman College, and Morris Brown College. This low-maintenance, turnkey asset features a new roof installed within the last 2 years, durable central air and heat, a recently updated shared kitchen, and absolutely no carpet for seamless tenant turnarounds. The property conveys with all existing tenants on mostly highly flexible month-to-month agreements, and the owner bills back directly for water and electricity, protecting your net operating income (NOI). Please note that Room 4 with the private full bath is not pictured, and all marketing photos are from a prior 2024 marketing period when the rooms were professionally cleaned and turned over. Do not miss this rare opportunity to secure immediate, passive cash flow with a strong 2-year track record of averaging ~$800 per room in a high-growth Atlanta submarket!
Key Facts
  • Style:
  • Year Built: 1930
  • Status: Active
Schools
  • Elementary School: M. A. Jones
  • Middle School: Herman J. Russell West End Academy
  • High School: Booker T. Washington
Bedrooms
  • Beds Total: 4
Bathrooms
  • Baths Full: 2
  • Baths Half: 0
  • Main Full Baths: 2
  • Master Bath Features: Other

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Private & Public Schools Nearby

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    M. A. Jones Elementary School
    3050 COLLIER DRIVE, NW; Atlanta, GA 30314
    Public PK-5th  |  541 students
    Metro Atlanta School Rank: 970th
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    Booker T. Washington High School
    45 Whitehouse Dr SW; Atlanta, GA 30314
    Public 9th-12th  |  722 students
    Metro Atlanta School Rank: 399th

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Listing Provided Courtesy Of: Keller Williams Realty ATL Part
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Listing information last updated on August 9, 2026
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