Active

598 Formwalt Street SW

Atlanta, GA 30312

$1,050,000 $4,426/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

0.18

Acre(Lot)

Description

An exceptional investment opportunity awaits in the heart of Atlanta. This stunning modern duplex offers approximately 4,800 square feet of total living space and income-producing potential from day one. With a recent appraisal of $1,210,000, instant equity is built in from the start. No HOA and two thoughtfully designed units offer the kind of flexibility and freedom that is rarely found at this level. Unit A features approximately 2,400 square feet, 4 bedrooms, 3.5 bathrooms, an upper-level primary suite with a spa-inspired ensuite and custom walk-in closet, and a driveway accommodating up to 5 vehicles. Unit B offers approximately 2,400 square feet, 4 bedrooms, 2.5 bathrooms, and a serene primary on the main. Both units feature open concept floor plans with thoughtful design details thr oughout. Unit B is an active Airbnb rental being sold with all appliances and furniture included, making this a seamless investment from day one. Unit A is equally positioned for rental conversion. Whether you are an investor seeking immediate cash flow, a house hacker looking to live in one unit while generating rental income from the other, or a savvy buyer looking to build wealth through Atlanta's booming short-term rental market, this property was made for you. With the FIFA World Cup coming to Atlanta, demand for short-term rentals in this corridor is only expected to surge. Nestled on a charming cobblestone street minutes from Downtown Atlanta, the BeltLine, Mercedes-Benz Stadium, State Farm Arena, and Interstates I-20, I-75, and I-85, the location is unmatched. Preferred lender incentive available. Stop by and view in person 2-4 p.m. on May 2nd.

Property Details

Property Type : Residential

Price : $1,050,000

AD Id : 77023324

MLS Id : 10731319

Beds : 8

Lot Size : 0.18 Acre

Year Built : 2025

County : Fulton

Subdivision: Mechanicsville

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 8 Bedrooms On Upper Level: 5 Bedrooms On Lower Level: 0 Main Bedrooms: 3 Room Type: Family Room,Laundry Window Features: Double Pane Windows

Bathroom Information

Total Baths: 5 Full Baths: 5 Half Baths: 2 Full Baths Main: 2 Baths Full Lower: 0 Baths Full Upper: 3

Water/Sewer

Water Source: Public Water BodyName: NONE Sewer: Public Sewer
Kitchen Information

Kitchen: Breakfast Area,Kitchen Island,Solid Surface Counters Dining Room: Open Concept

Interior Features

Double Vanity,Master On Main Level,Roommate Plan,Walk-In Closet(s) Flooring: Tile,Vinyl

Appliances

Dishwasher,Disposal,Refrigerator

Utilities

Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Cooling Features

Ceiling Fan(s),Central Air,Zoned

Energy

Green Energy: Appliances,Doors,Insulation,Water Heater

Heating Source

Forced Air,Natural Gas,Zoned

Fireplace

Number of Fireplaces: 0

Building Information

Built Year: 2025 Roof Type: Composition Basement: None Common Walls: 1 Common Wall Levels: Two Property Age: 1
Exterior Features

Other
Laundry Features

Other

Patio And Porch

Deck

Construction Materials

Other

Property Condition

Resale

Lot Information

Lot Size (Acr): 0.184 Lot Size Source: Public Records Lot Features: Other
Property Information

Property Type: Residential Property Sub Type: Single Family Residence Structure Type: House Subdivision: Mechanicsville City: Atlanta State: GA Directions: From I-20, take Exit 56A toward Capitol Avenue SW. Turn onto Capitol Avenue SW and continue south. Turn onto Formwalt Street SW. The property will be on your right. Property Status: Active

Listing Price Information

Original List Price: $1,050,000

Tax Information

Annual Tax: $1548 Tax Year: 2025
Home Warranty

Home Warranty Paid: No

Parking Information

Parking: 0 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: Sidewalks,Walk To Public Transit,Walk To Schools,Walk To Shopping

School Information

Elementary School: Dunbar High School: MH Jackson Jr Middle School: King Source Neighborhood: Mechanicsville

Sell a home like this and save $62,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1043 Avondale Avenue, Atlanta, GA, 30312	$1,450,000	5	3	--
1047 Avondale Avenue, Atlanta, GA, 30312	$1,450,000	5	4	--
1047 Avondale Avenue, Atlanta, GA, 30312	$1,450,000	5	3	--
1043 Avondale Avenue, Atlanta, GA, 30312	$1,450,000	5	4	--
1039 Avondale Avenue, Atlanta, GA, 30312	$1,225,000	5	4	3,446	3,446 SqFt
1039 Avondale Avenue, Atlanta, GA, 30312	$1,225,000	5	3	3,446	3,446 SqFt
1084 Edie Avenue, Atlanta, GA, 30312	$365,000	2	1	--
1084 Edie Avenue, Atlanta, GA, 30312	$365,000	2	1	--
481 Grant Street, Atlanta, GA, 30312	$995,000	4	2	2,794	2,794 SqFt
1177 Edie Avenue, Atlanta, GA, 30312	$329,900	2	1	800	800 SqFt

Similar Homes To 598 Formwalt Street SW

Nearby For Sale

Active

$500,000

Home For Sale

6640 E Stubbs,
Atlanta, GA, 30349

Bed

Bath

Sqft

Acres(Lot)

916 SW Metropolitan Parkway,
Atlanta, GA, 30310

Bed

Bath

Sqft

Acre(Lot)

2479 Peachtree Road #601,
Atlanta, GA, 30305

Bed

Bath

Sqft

Acre(Lot)

3967 Tilly Mill Road,
Atlanta, GA, 30360

Bed

Bath

Sqft

Acre(Lot)

2472 Perry Boulevard,
Atlanta, GA, 30318

Bed

Bath

1,312

Sqft

0.18

Acre(Lot)

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 06/17/2026 @ 18:34

MLS: 10731319 LISTED BY: Chanel James, Watch Realty Co 404-630-2616 SOURCE: Georgia MLS