Active$112,000
1 bd1 ba750 SFCondo
502 Pryor Street SW Unit 302
Atlanta, GA 30312 · City Side Lofts · 45 days listed
FMLS #7838284 · Listing Provided By SELL ATLANTA · 404-543-3373
Active64 days listed
561 Formwalt Street SW Unit 2, Atlanta, GA 30312
- 2bd
- 1ba
- 588SF
- 0.01ac lot
FMLS #7825751 · Listing Provided By Opendoor Brokerage, LLC · 404-796-8789 · Listing agent Tanya Pickens
Location
561 Formwalt Street SW Unit 2, Atlanta GA 30312
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About this home
561 Formwalt St SW is a one-story Atlanta home with a functional layout and modern finishes throughout. The kitchen features stainless steel appliances and quartz countertops, creating a polished and well-equipped cooking space. The primary bedroom includes double closets for convenient storage and organization. A deck extends the living space outdoors, creating ample room for relaxation and entertaining. This residence combines practical design with comfortable living spaces, delivering functional amenities throughout every room. Included 100-Day Home Warranty with buyer activation
How this list price compares in Atlanta
- List price is 71% below the Atlanta median list price of $380,000 (5,382 homes).
- Compared with 1,862 condos in Atlanta: 62% below the median of $295,000.
- List price per square foot is 25% below the Atlanta median of $255/SF.
- 2 homes for sale in Capitol City Square.
- All 5,382 homes for sale in Atlanta, GA.
- 6,734 homes for sale in Fulton County.
Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.
Home facts
- Property type
- Condo
- Status
- Active
- Bedrooms
- 2
- Full baths
- 1
- Living area
- 588 SF
- Lot size
- 0.01 acres
- Year built
- 1961
- Levels
- One
- Main-level bedrooms
- 2
- Parking
- Assigned
- Style
- Other
- Construction
- Brick Veneer, Other
- Roof
- Composition
- Flooring
- Ceramic Tile, Hardwood
- Heating
- Heat Pump
- Cooling
- Central Air
- Appliances
- Dishwasher, Electric Range, Microwave
- Lot
- Other
- HOA
- $330 monthly
- Annual tax
- $2,168 (2025)
- County
- Fulton
Assigned schools
- HighMaynard Jackson
- MiddleMartin L. King Jr.
- ElementaryPaul L. Dunbar
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $112,000 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$1,370/mo
- Principal and interest
- $692
- Property tax
- $181
- Home insurance
- $125
- Mortgage insurance
- $42
- HOA dues
- $330
- Loan amount
- $100,800
- Cash down
- $11,200
This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.
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Questions about this home
How do I schedule a showing of this home?
Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.
How do I get more information about this listing?
Send your question through the form on this page. Listing details come from FMLS and are provided by Opendoor Brokerage, LLC, so confirm them before making an offer.
Is this home still available?
This page shows the status reported in FMLS (Active) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.
How is the monthly payment estimate calculated?
It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.
Where can I see similar homes for sale in Atlanta?
See the similar homes section on this page, or browse all homes for sale in Atlanta, GA.
Beyond homes
Also exploring Georgia investment real estate?
Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.
Other property types for sale
- apartment complex for sale in GeorgiaApartment buildings and complexes for sale across Georgia.
- multifamily investment properties in GeorgiaDuplexes to large complexes, with screening cap rates on each building.
- church buildings for sale in GeorgiaChurch buildings and sanctuaries for sale statewide.
- apartment complex for sale in AtlantaApartment buildings for sale inside the City of Atlanta.
- land for sale in GeorgiaAcreage, lots and development land.
Investor research and tools
- what cap rate Atlanta apartments list atMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- multifamily NOI guideHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- DSCR loan guideDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- cash-on-cash return on apartment buildingsCash-on-cash return on apartment buildings: the formula, a worked deal, and Georgia asks at today's rates.
- cap rate calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- multifamily deal analyzerRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
Thinking about a rental or a building instead? Send Jeff a message.
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