Active

598 Formwalt Street

Atlanta, GA 30312

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

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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 : 77036191

MLS Id : 7750818

Beds : 8

Lot Size : 0.18 Acre

Year Built : 2025

County : Fulton

Subdivision: Mechanicsville

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 7 Full Baths: 5 Half Baths: 2

Room Information

Basement: None
Flooring Information

Tile
Roofing Information

Composition
Interior Features

Eat-in Kitchen, Kitchen Island, Double Vanity, Walk-In Closet(s), Master Downstairs Roof: Composition Appliances: Dishwasher, Disposal, Refrigerator Laundry Features: Laundry Room Window Features: Insulated Windows
Heating & Cooling

Has Heating: Yes Heating: Forced Air, Natural Gas, Separate Meters, Zoned Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air, Multi Units, Zoned

Building Information

Year Built: 2025 Building Area Total: 4770 Construction Materials: HardiPlank Type Patio And Porch Features: Covered, Deck, Front Porch Pool Features: None Private Pool: No View: City
Exterior Features

Exterior Features: Other

Lot Information

Lot Dimensions: x Lot Size Acres: 0.1837 Lot Size Source: Public Records Lot Description: Other

Property Information

Subdivision: Mechanicsville Source Property Type: Residential Postal Code Plus 4: 2657 Property SubType: Single Family Residence Levels: Two Property Age: 1

Listing Price Information

Listing Price: $1050000 Original Price: $1120000

Tax Information

Parcel Number: 14 007600100578 Tax Year: 2025 Annual Tax: $1548 Tax Legal Desc: LL 76; DIST 14; LOT 6;JOSEPH THOMPSON; FULTON COUNTY

Parking Information

Driveway

School Information

Elementary School: Paul L. Dunbar

Junior High School: Martin L. King Jr.

Senior High School: Maynard Jackson
Utility Information

Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Location Information

Direction: 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. WaterSource: Public Security Features: Security Service

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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

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ByOwner last updated this listing 06/16/2026 @ 06:53

MLS: 7750818 LISTED BY: Chanel James, Watch Realty Co. 404-630-2616 SOURCE: First Multiple Listing Service (FMLS)