598 Formwalt Street SW
Atlanta, GA, 30312 $ 1,050,000
Baths0.0 Monthly Estimate*
$ 6,465
Studio for $1,050,000. This home was built in 2025 on a lot size of 0.1837.
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.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air Natural Gas Separate Meters Zoned
Cooling Ceiling Fan(s) Central Air Multi Units Zoned
Utilities Cable Available Electricity Available Natural Gas Available Sewer Available Water Available
Roof Composition
Security Features Security Service
Construction Materials HardiPlank Type
Year Built 2025
View City
Levels Two
Property Subtype Duplex
Tax Year 2025
Parcel Number 14 007600100578
Waterfront Features None
Community Features Near Beltline Near Public Transport Near Schools Near Shopping Near Trails/Greenway Restaurant Sidewalks
Accessibility None
County Fulton - GA
Property Type Residential Income
HOA false
Energy Efficient Appliances Construction Doors HVAC Insulation Water Heater Windows
Subdivision Name Mechanicsville
Green Energy Generation None
Status Active
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 Maynard Jackson
City Atlanta
Body of Water None
Number Of Units Total 2
Elementary School Paul L. Dunbar
Property Attached Y/N false
Tax Annual Amount 1548
Home Warranty Y/N false
Middle/Junior High School Martin L. King Jr.
Property Condition Resale
Standard Status Active
Freehold IDX
Corporate Owner None
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InteriorFlooring Luxury Vinyl Tile
Window Features Insulated Windows
Total Baths 0
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ExteriorFencing None
Parking Features Driveway
Lot Features Other
Water Source Public
Lot Dimensions x
Lot Size Acres 0.1837
Lot Size Source Public Records
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* Excluded FeaturesList ByChanel JamesListing Agent
chanel@1luxecollective.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,465
- 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 $732,037
Percent of Sale Price 30%
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.
3420546 Elementary School
3420522 Middle School
Maynard Jackson High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/31/2026 | $1,050,000 | -6.25% | Price Down |
| 4/13/2026 | $1,120,000 | | Listed Price |