56 Ormond Street SE
Atlanta, GA 30315
5
Bed
1
Bath
1,503Sqft
0.09Acre(Lot)
Excellent income-producing investment opportunity near Grant Park and Georgia State University. This 5-bedroom rooming house features private tenant rooms with shared common areas including a kitchen, dining room, and bathroom. Tenants are already in place, providing immediate rental income for investors. Conveniently located near downtown Atlanta, public transportation, restaurants, shopping, and major highways. Strong rental demand in the area makes this property ideal for student housing, workforce housing, or long-term investment potential. A great opportunity to own a cash-flowing property in a growing in-town location.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 5 Bedrooms On Upper Level: 0 Bedrooms On Lower Level: 0 Main Bedrooms: 5 Room Type: Office Window Features: Insulated WindowsBathroom Information
Total Baths: 1 Full Baths: 1 Half Baths: 0 Full Baths Main: 1 Baths Full Lower: 0 Baths Full Upper: 0Water/Sewer
Water Source: Public Water BodyName: NONE Sewer: Public Sewer -
Interior Features
Pulldown Attic Stairs Flooring: OtherAppliances
RefrigeratorUtilities
Cable Available,Electricity Available,Sewer Available,Water Available -
Cooling Features
Central AirHeating Source
CentralFireplace
Number of Fireplaces: 0
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Building Information
Built Year: 1920 Roof Type: Other Basement: None Common Walls: No Common Walls Levels: One Property Age: 106 -
Exterior Features
OtherFoundation
Slab -
Laundry Features
Common AreaFencing
Back YardConstruction Materials
OtherProperty Condition
Resale
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Lot Information
Lot Size (Acr): 0.092 Lot Size Source: Public Records Lot Features: Level -
Property Information
Property Type: Residential Property Sub Type: Single Family Residence Structure Type: House Subdivision: none City: Atlanta State: GA Directions: Off market for now Property Status: Under Contract
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Listing Price Information
Original List Price: $375,000
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Tax Information
Annual Tax: $4327 Tax Year: 2025 -
Home Warranty
Home Warranty Paid: No
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Parking Information
Parking: 2 Parking Features: Off Street -
Homeowners Association Information
Association: No Annual Association Fee: 0 Calculated Total Monthly Association Fees: 0 Association Fee Includes: None Community Features: None
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School Information
Elementary School: Parkside High School: MH Jackson Jr High School Bus: Yes Middle School: King Middle School Bus: Yes Source Neighborhood: none
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1321 Lakota Place, Atlanta, GA, 30315 | $485,990 | 3 | 4 | -- | |
| 1149 Isa Drive, Atlanta, GA, 30315 | $285,000 | 3 | 2 | 1,039 | 1,039 SqFt |
| 1149 Isa Drive, Atlanta, GA, 30315 | $285,000 | 3 | 2 | 1,039 | 1,039 SqFt |
| 1111 Valley View Road, Atlanta, GA, 30315 | $301,200 | 3 | 2 | 1,400 | 1,400 SqFt |
| 1111 Valley View Road, Atlanta, GA, 30315 | $301,200 | 3 | 2 | 1,400 | 1,400 SqFt |
| 1258 Kipling Street, Atlanta, GA, 30315 | $289,000 | 4 | 2 | -- | |
| 2023 Akron Drive, Atlanta, GA, 30315 | $155,000 | 3 | 2 | 1,740 | 1,740 SqFt |
| 2023 Akron Drive, Atlanta, GA, 30315 | $155,000 | 3 | 2 | 1,740 | 1,740 SqFt |
| 1993 Akron Drive, Atlanta, GA, 30315 | $150,000 | 3 | 1 | -- | |
| 1993 Akron Drive, Atlanta, GA, 30315 | $150,000 | -- | -- | -- |
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Nearby For Sale
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.
ByOwner last updated this listing 06/09/2026 @ 01:24
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