598 Formwalt Street SW, Atlanta, GA 30312
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For Sale

598 Formwalt Street SW

Atlanta, GA 30312

Offered at$950,000 was $1,120,000

About the home.

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.

Listing courtesy of Watch Realty Co.

Details

HOANone listed
Property taxes$1,548/yr
SewerPublic sewer
  • Heating Forced Air, Natural Gas, Zoned
  • Air conditioning Yes
  • Water / sewer Public water · Public Sewer
  • Neighborhood Mechanicsville
  • County Fulton County
  • Taxes $1,548 (2025)
  • Listed Mar 31, 2026 · 206 days on market
  • Georgia MLS # 10731335

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    Pick a day and time that works for you and we'll confirm it, usually within the hour. Questions about the home? Call or text anytime.

    Stephen Molloy

    Your Georgia Move agent

    Stephen Molloy REALTOR® · Georgia Move Realty 706.995.7282 stephen@georgiamove.com

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    Listing courtesy of Watch Realty Co. Listing information from Georgia MLS, updated Sep 6, 2026. Information deemed reliable but not guaranteed; buyers and buyer's agents should verify all details. © 2026 Georgia Multiple Listing Service, Inc. All rights reserved. Equal Housing Opportunity.