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588 Parkway Drive

Atlanta, GA 30308
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Bath 0

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Acres0.17

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Charming 1920s fourplex directly across from The Darwin boutique hotel in the heart of Old Fourth Ward - steps to Ponce City Market, the BeltLine, and Central Park. Four cozy one-bedroom units with updated kitchens and flooring, new roof (2018) and HVAC (2019). Under the same ownership since 1990, three units are leased at rents well under today's market, and the fourth just turned over - freshly cleaned and ready for a quick refresh before re-renting at market rate. Live in one unit and rent the other three, or hold as a turnkey investment with built-in upside. Priced $300K below the county's own assessed value. Walk Score 90. A rare owner-occupant or investor opportunity in one of Atlanta's hottest walkable neighborhoods. The deep 7,501-square-foot RG-4 lot also includes a substantial op en area at the rear, offering intriguing long-term possibilities subject to zoning and City approval. Purchase 588 individually or consider the unique opportunity to acquire it together with adjacent 590 Parkway Drive, also offered for sale.

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Detail Ic Property Details

Property Type : Residential Income

Price : $899,000

AD Id : 89727594

MLS Id : 7823736

Lot Size : 0.17 Acre

Year Built : 1920

County : Fulton

Subdivision: Old Fourth Ward

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Feature Features

  • Flooring Information

    Hardwood, Laminate
  • Roofing Information

    Asbestos Shingle
  • Interior Features

    Roof: Asbestos Shingle
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air, Wall Unit(s)

  • Building Information

    Year Built: 1920 Construction Materials: Brick, Lap Siding Private Pool: No View: City

  • Lot Information

    Lot Dimensions: 37x200 Lot Size Acres: 0.1722 Lot Size Source: Public Records Lot Description: Level

    Property Information

    Subdivision: Old Fourth Ward Source Property Type: Residential Income Postal Code Plus 4: 2669 Property SubType: Quadruplex Levels: Two Property Age: 106

  • Listing Price Information

    Listing Price: $899000

  • Tax Information

    Parcel Number: 14 004700020129 Tax Year: 2025 Annual Tax: $21710 Tax Legal Desc: Tax ID 14-0047-0002-012-9

  • Parking Information

    Parking Total: 8 Parking Lot

  • School Information

    Elementary School: John Hope-Charles Walter Hill
    Junior High School: David T Howard
    Senior High School: Midtown
  • Utility Information

    Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
  • Location Information

    Direction: From Midtown/Downtown Atlanta: Take Ponce de Leon Ave east to Parkway Drive NE. Turn south on Parkway Drive. Property will be on the left at 588 Parkway Drive NE, directly across from The Darwin Hotel and just north of Ralph McGill Blvd. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
507 Boulevard Place, Atlanta, GA, 30308 $850,000 -- -- --
449 Greenwood Avenue, Atlanta, GA, 30308 $1,399,500 -- -- --
530 Parkway Drive, Atlanta, GA, 30308 $750,000 -- -- --
590 Parkway Drive, Atlanta, GA, 30308 $699,000 -- -- --
356 5th Street, Atlanta, GA, 30308 $1,100,000 -- -- --
800 NE Myrtle Street, Atlanta, GA, 30308 $1,450,000 -- -- --
215 Piedmont #2108 Avenue, Atlanta, GA, 30308 $150,000 -- -- --

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ByOwner last updated this listing 08/28/2026 @ 19:42

MLS: 7823736 LISTED BY: DANIEL LATSHAW, Vision Residential Realty 770-740-4766 SOURCE: First Multiple Listing Service (FMLS)

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