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$1,648,990
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Property Description
TURNKEY LUXURY INVESTMENT - Welcome to "The Dobbs," an exceptional luxury income property in the heart of Old Fourth Ward. This 3,700+ square foot estate offers a rare 5-star investment opportunity with proven historical performance. Positioned just 4 blocks from the Atlanta BeltLine Eastside Trail and directly on the Freedom Trail Path, the location provides guests with effortless access to Mercedes-Benz Stadium, Centennial Olympic Park, and the city's top dining and entertainment districts. VERSATILE REVENUE STREAM: Currently operating as a premier short-term rental, this property is sold FULLY FURNISHED and equipped for a seamless transition. The two-unit duplex layout offers unmatched flexibility: continue as a high-performing vacation rental, pivot to mid-term corporate housing, or convert into a grand single-family residence. THE LAYOUT: The main level features 3 bedrooms and 2 bathrooms with soaring 12-foot ceilings and an updated chef's kitchen. The upper level offers 2 bedrooms, 2 bathrooms, and a large loft-style third bedroom. Both units feature updated finishes and designer touches throughout. OUTDOOR AMENITIES: Professionally designed, resort-style landscaping creates a private urban retreat in both the front and rear yards, consistently driving 5-star guest reviews and premium nightly rates. Own a piece of Atlanta history with guaranteed day-one cash flow in the city's most in-demand neighborhood.
Full Property Details
Full Property Details for 540 John Wesley Dobbs Ave NE
General
- Price: $1,648,990
- Taxes: $24,563 (2025)
- Status: Active
- Type: Duplex
- Source: GAMLS_Atlanta
- MLS ID: 10738258
- Updated: 6/1/2026
- Added to Site: 92 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
Rooms
Other Rooms
- Laundry: Common Area
Parking
- Parking Features: Off-Street
Location
- County: Fulton
- Driving Directions: Property is located on John Wesley Dobbs Ave NE across from David T Howard Middle School.
School Information
- Elementary School: Hope Hill
- Middle School: David T Howard
- High School: Grady
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air, Heat Pump, Electric
- Heating Type: Central, Natural Gas
Utilities
- Water/Sewer: Public Sewer
- Utility Description: Other
Structural Information
- Construction Status: Updated/Remodeled, Resale
- Basement Desc.: Crawl Space
- Stories/Levels: Two
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.135
- Lot Size Range: .135
- Lot Size Source: Agent
Financial Considerations
- Tax Amount: $24,563
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Investor-Owned, Rental
- Block: 1
Listing Courtesy of: HomeSmart
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Schools
Schools serving 540 John Wesley Dobbs Ave NE
School District:Atlanta City School District
| Name | Grades | Distance |
|---|---|---|
Hope Hill Elementary School 112 Boulevard Northeast, Atlanta, GA 30312 | PK-5 | 0.2 mi |
David T Howard Middle School 551 John Wesley Dobbs Avenue Northeast, Atlanta, GA 30312 | 6-8 | 0.1 mi |
Midtown High School 929 Charles Allen Drive Northeast, Atlanta, GA 30309 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 540 John Wesley Dobbs Ave NE
Date
Details
Price
Change
Source
5/30/2026
Price Reduced
$1,648,990
—
MLS
4/21/2026
Listed
$1,649,000
22.6%
MLS
1/14/2022
Sold
$1,345,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 540 John Wesley Dobbs Ave NE
Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,136
6%
$600,440
38%
2023
$18,034
56%
$435,600
56%
2022
$11,575
24%
$279,600
—
2021
$9,316
—
$279,600
35%
2021
$9,316
10%
$206,720
—
2019
$8,494
57%
$206,720
-8%
2018
$5,399
13%
$224,680
72%
2017
$4,787
12%
$130,400
—
2016
$4,259
—
$130,400
33%
2015
$4,270
-4%
$98,360
—
2014
$4,460
200%
$98,360
-23%
2012
$1,488
—
$127,760
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 540 John Wesley Dobbs Ave NE
540 John Wesley Dobbs Avenue NE, Atlanta, GA 30312 (MLS# 10738258) is a Duplex property with 0 bedrooms and 0 full bathrooms. 540 John Wesley Dobbs Avenue NE is currently listed for $1,648,990 and was received on April 21, 2026. Want to learn more about 540 John Wesley Dobbs Avenue NE? Do you have questions about finding other Duplex real estate for sale in Atlanta? You can browse all Atlanta real estate or contact a Coldwell Banker agent to request more information.

