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598 Formwalt Street Sw, Atlanta, GA 30312

$1,120,000
  • 598 Formwalt Street Sw, Atlanta, GA 30312 Main Photo

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Active
BEDS0 BATHS MLS#10731335
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMechanicsville

Property 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 throughout. 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.

598 Formwalt Street Sw | MLS# 10731335

This multi-family property located at 598 Formwalt Street Sw, Atlanta, GA 30312 is currently listed for sale with an asking price of $1,120,000. Search Atlanta real estate on arice.jybrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Ceiling Fan(s), Central Air, Zoned
Heating: Forced Air, Natural Gas, Zoned
Lot Size: 0.18 Acres
Stories: 2.0
Taxes: $1,548
Year Built: 2025

Feature Descriptions

Amenities: Sidewalks, Near Public Transport, Walk To Schools, Near Shopping
Days on Site: 32
Parking Notes: Off Street
Sewer: Public Sewer
Units: 2
Water: Public

Local Schools

High School: MH Jackson Jr
Middle School: King
Elementary School: Dunbar

Listed By / Shown By

Listed By

Agency Name: Watch Realty Co
Agency Phone: 404-630-2616

Shown By

Agent Name: Andy Rice
Agent Phone: (678) 300-0115
Agency Title: Josey Young & Brady Realty, LLC

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Estimated Payment

$ 2,948.30 per month $2,492.63 Principal & Interest $129.00 Property Tax $326.67 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/29/2026. The listing information on this page last changed on 05/29/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 05/29/2026 12:34:34 PM EST) or GAMLS (last updated Fri 05/29/2026 12:26:52 PM EST). Real estate listings held by brokerage firms other than Josey Young & Brady Realty, LLC may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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