598 Formwalt Street SW
Atlanta, GA, 30312 $ 1,120,000
Baths0.0 Monthly Estimate*
$ 6,896
Studio for $1,120,000. This home was built in 2025 on a lot size of 0.184.
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.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air Natural Gas Zoned
Cooling Ceiling Fan(s) Central Air Zoned
Utilities Other
HOA Fee 0
Association Fee Includes None
Construction Materials Other
Year Built 2025
Levels Two
Property Subtype Multi Family Duplex
Tax Year 2025
Gross Income 0
Community Features Sidewalks Near Public Transport Walk To Schools Near Shopping
County Fulton
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Energy Efficient Appliances Doors Insulation Water Heater
MaintenanceExpense 0
Subdivision Name Mechanicsville
Garage Y/N false
Status Coming Soon
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.
High School MH Jackson Jr
City Atlanta
Body of Water None
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 8015.04
Carport Y/N false
Elementary School Dunbar
Tax Annual Amount 1548
Electric Expense 0
Fuel Expense 0
Middle/Junior High School King
Property Condition Resale
Structure Type Duplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Coming Soon
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InteriorBasement None
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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ExteriorParking Features Off Street
Water Source Public
Total Parking 0
Lot Size Area 8015.04
Lot Size Acres 0.184
Lot Size Source Public Records
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* Excluded FeaturesList Bychanel@1luxecollective.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,896
- Monthly Property Taxes
- $129
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Atlanta, GA
Average List Price $655,299
Percent of Sale Price 41%
About Atlanta, GA 478,204 Population
15% Since 2002
$ 55,840 Median Income
35.72 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
4133924 Elementary School
4133453 Middle School
MH Jackson Jr High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/13/2026 | $1,120,000 | | Listed Price |