8451 Magnolia Drive, Jonesboro, GA 30238 - Photo 1

1/1

$230,000

Sold
Closed
Single Family
8 Beds
2 Full Baths
1,851 Sq. Ft.

1/1

Property Description

This turnkey 8-bedroom, 3-bathroom (2 shared baths) co-living home presents a rare opportunity for investors seeking high monthly cash flow in the Atlanta metro area. Fully renovated and fully occupied through PadSplit, this 1,850 sqft property generates $4,450/month in gross rents with an estimated NOI of $2,300/month and a 10.6% cap rate. Just minutes from major interstates and Hartsfield-Jackson International Airport, Magnolia Drive is ideally positioned for workforce housing, attracting reliable tenants looking to live closer to job hubs. PadSplit is a co-living platform that helps provide affordable housing to working professionals while maximizing returns for property owners. The platform handles tenant screening and onboarding, income verification, rent collection, and provides easy communication and maintenance management tools. If you're unfamiliar with how PadSplit works or want to explore whether this model is right for you, reach out-we'd be happy to walk you through it.

Full Property Details

Full Property Details for 8451 Magnolia Dr

General

Sold For: $230,000
Taxes: $2,918 (2024)
Status: Closed
Type: Single Family
Source: FMLS_Atlanta
MLS ID: 7569651
Added to Site: 264 day(s) ago

Interior

Interior Features: Other
Fireplace(s): None
Appliances: Dryer, Electric Range, Refrigerator
Flooring: Carpet, Ceramic Tile, Vinyl

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2
Primary Bathroom: None

Bedrooms

Total Bedrooms: 8
Bedrooms Main: 2
Bedroom Features: Other

Other Rooms

Kitchen: None
Dining Room: None
Laundry: Common Area

Additional Information

Amenities: None
Security/Safety: None
Equipment: None

Exterior

Exterior Features: None
Porch/Patio/Deck: Deck

Parking

Total Spaces: 4
Parking Features: Driveway

Location

County: Clayton
Subdivision: Markland
Driving Directions: Get on I-20 W in Atlanta from W Ponce de Leon Ave, East Lake Dr, Second Ave and Memorial Dr SE; Follow I-20 W and I-75 S to Tara Blvd in Clayton County. Take exit 235 from I-75 S; Continue on Tara Blvd. Drive to Magnolia Dr; Continue onto Tara Blvd; Continue straight onto US-19 S/US-41 S/Tara Blvd; Turn right onto Dixon Rd; Turn left onto Holly Dr; Turn left onto Magnolia Dr; Destination will be on the right

School Information

Elementary School: Lee Street
Middle School: Jonesboro
High School: Jonesboro

Heating & Cooling

Cooling Type: Central Air
Heating Type: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electricity Available, Water Available

Structural Information

Architectural Style: Other
Detached/Attached: Detached
Exterior Const.: Cedar, Frame, Wood Siding
Basement: Yes
Basement Desc.: Exterior Entry
Roof: Composition, Shingle
Common Walls: No Common Walls
Windows: None
Stories/Levels: Multi/Split
Square Feet: 1,851
Sq. Ft. Source: Public Records
Year Built: 1971
Property Condition: Resale

Additional Structures

Other Structures: None

Lot Features

Property View: Other
Lot Size (Acres): 0.2583
Lot Size Source: Public Records
Lot Dimensions: 75 x 152 x 75 x 152
Frontage: City Street
Street/Road Desc.: Asphalt
Lot Features: Back Yard
Fencing (Description): None

Financial Considerations

Tax Amount: $2,918
Tax Year: 2024
Terms: Cash, Conventional

Disclosures and Reports

Property ID: 13239C F008
Block: B
Lot Number: 8

Listed by Keller Williams Realty Metro Atlanta
Sold by Keller Williams Realty Metro Atlanta

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and 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 policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Jan 14 2026 4:12PM

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Schools

Schools serving 8451 Magnolia Dr

School District:Clayton County School District

Name	Grades	Distance
Lee Street Elementary School 178 Lee Street, Jonesboro, GA 30236	PK-5	0.8 mi
Jonesboro Middle School 1308 Arnold Street, Jonesboro, GA 30236	6-8	1.2 mi
Jonesboro High School 7728 Mount Zion Boulevard, Jonesboro, GA 30236	9-12	1.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8451 Magnolia Dr

Date

Details

Price

Change

Source

7/23/2025

Sold

$230,000

-9.8%

MLS

4/28/2025

Listed

$255,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and 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 policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Jan 14 2026 4:12PM

8451 Magnolia Drive, Jonesboro, GA 30238 (MLS# 7569651) is a Single Family property that was sold at $230,000 on July 23, 2025. Want to learn more about 8451 Magnolia Drive? Do you have questions about finding other Single Family real estate for sale in Jonesboro? You can browse all Jonesboro real estate or contact a Coldwell Banker agent to request more information.

8451 Magnolia Dr Jonesboro, GA 30238