242 Ormond Street SW Atlanta, GA $ 1,025,000
242 Ormond Street SW
$ 1,025,000
Recently Listed New Construction
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242 Ormond Street SW

Atlanta, GA, 30315
$ 1,025,000
Baths0.0

Monthly Estimate*

$ 6,472

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Studio

Multi-Family Home for sale in Atlanta, GA

for $1,025,000. This home was built in 2026 on a lot size of 0.099.

Welcome to 242 Ormond Street, a brand-new luxury duplex offering exceptional flexibility and income-producing potential. Each three-story residence offers 3 bedrooms, 3.5 bathrooms, approximately 1,540 square feet, a private entrance, dedicated laundry, multiple balconies, and on-site parking. Modern interiors feature open living spaces, quartz countertops, stainless-steel appliances, and stylish tilework. Rent both units, live in one while the other helps offset your housing expenses, or create a flexible multigenerational arrangement. Located approximately one mile south of Downtown Atlanta and minutes from Georgia State University, the Atlanta University Center, Mercedes-Benz Stadium, Grant Park, Zoo Atlanta, Pittsburgh Yards, the Atlanta BeltLine, Hartsfield-Jackson Atlanta International Airport, and major interstates. New construction. Two residences. Multiple investment strategies. One strategic intown address. Come see why 242 Ormond Street deserves a place in your long-term wealth-building plan.

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Multi-Family Active

Price

$ 1,025,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 907

Style

Lot Size

0.099

Year Built

2026

Town/City

Atlanta

County/Region

Fulton

MLS | Web ID

10816191

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Individual Meters Water Individual Meters
HOA Fee 0
Association Fee Includes None
Construction Materials Vinyl Siding
Year Built 2026
Levels Three Or More
Property Subtype Multi Family Duplex
Tax Year 2025
Gross Income 0
Community Features None
County Fulton
New Construction true
Property Type Residential Income
HOA false
Attached Garage false
Energy Efficient Appliances Thermostat Water Heater Windows
MaintenanceExpense 0
Subdivision Name Mechanicsville
Garage Y/N false
Status New
Directions From Downtown Atlanta take I-75/I-85 South to Exit 244 for University Avenue. Turn right onto University Avenue right onto Pryor Street SW then left onto Ormond Street SW. Property will be on the left at 242 Ormond Street SW
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 4312.44
Carport Y/N false
Elementary School Dunbar
Tax Annual Amount 907
Electric Expense 0
Fuel Expense 0
Middle/Junior High School King
Property Condition New Construction
Structure Type Duplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
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Interior
Basement None
Total Fireplaces 2
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Assigned Off Street
Water Source Public
Total Parking 2
Lot Size Area 4312.44
Foundation Details Slab
Lot Size Acres 0.099
Lot Size Source Public Records
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* Excluded Features

Affordability Calculator

$6,548
Per Month
99%
1%
0%
Monthly Principal & Interest
$6,472
Monthly Property Taxes
$76
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
4133924 Elementary School
4133453 Middle School
MH Jackson Jr High School High School
Pricing History
DatePricePrice ChangeDescription
7/31/2026$1,025,000 Listed Price

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242 Ormond Street SW, Atlanta, GA, 30315 is a Multi-Family Home for sale at $1,025,000 with a lot size of 0.099. 242 Ormond Street SW is a studio with 0.0 baths and was built in 2026. The property's zip code is 30315 which is in Atlanta, GA