8451 Magnolia Drive
Jonesboro, GA 30238
- 8 beds
- 2 baths
- 11,252 sqft lot
- 1971 build
- – on site
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.
Last checked:
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Last updated May 2, 2025
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MLS# 7569651 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1971
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Construction Materials:Cedar
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Building Area Source:Public Records
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Architectural Style:Other
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Levels:Multi/Split
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Foundation Details:Slab
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Roof:Composition
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Basement:Exterior Entry
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Common Walls:No Common Walls
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Exterior Features:None
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Window Features:None
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Security Features:None
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Patio And Porch Features:Deck
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Accessibility Features:None
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Green Energy Efficient:None
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Building Area Total:1851
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Above Grade Finished Area:1201
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Below Grade Finished Area:650
Interior
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Interior Features:Other
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Kitchen Features:None
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Dining Room Features:None
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Flooring:Carpet
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Other Equipment:None
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Laundry Features:Common Area
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Fireplace Features:None
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Room Type:Other
Location
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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
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Latitude:33.525395
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Longitude:-84.368813
The Property
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Parcel Number:13239C F008
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Property Type:Residential Detached
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Condition:Resale
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Lot Features:Back Yard
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Lot Size Acres:0.2583
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Lot Size Dimensions:75x152x75x152
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Lot Size Source:Public Records
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View:Other
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Fencing:None
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Horse Amenities:None
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Other Structures:None
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Waterfront Features:None
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Water Body Name:None
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Road Frontage Type:City Street
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Road Surface Type:Asphalt
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Property Attached:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (714) 408-5496
- Office phone:
- (404) 564-5560
Taxes
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Tax Year:2024
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Tax Annual Amount:2918
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Tax Lot:8
Beds
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Bedrooms Total:8
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Bedroom Features:Other
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Main Level Bedrooms:2
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Lower Level Bedrooms:3
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Upper Level Bedrooms:3
Baths
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Total Baths:2
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Full Baths:2
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Master Bath Features:None
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Upper Level Full Bathrooms:2
The Listing
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Home Warranty:false
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Special Listing Conditions:None
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Special Circumstances:Investor Owned
Heating & Cooling
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Cooling:Central Air
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Heating:Natural Gas
Utilities
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Utilities:Electricity Available
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Sewer:Public Sewer
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Electric:Other
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Water Source:Public
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Green Energy Generation:None
Appliances
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Appliances:Dryer
Schools
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Elementary School:Lee Street
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Middle Or Junior School:Jonesboro
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High School:Jonesboro
The Community
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Subdivision Name:Markland
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Community Features:None
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Association:false
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Spa Features:None
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Pool Features:None
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Pool Private:false
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Assessment Due Contemplated:false
Parking
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Parking Total:4
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Parking Features:Driveway
Listing Provided Courtesy of Keller Williams Realty Metro Atlanta
Listings identified with the FMLS IDX logo come from FMLS and 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. © 2025 First Multiple Listing Service, Inc.
Monthly cost estimate

Asking price
$255,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,365
|
Taxes | $243 |
Insurance | $70 |
Utilities | $208 See report |
Total | $1,886/mo.* |
*This is an estimate |
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.