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Active210 days listed

598 Formwalt Street SW, Atlanta, GA 30312

  • 8bd
  • 7ba
  • 4,770SF
  • 0.18ac lot

Single-family homeMechanicsville

List price

$950,000

$199/SF list

Ask about this home

FMLS IDXFMLS #7750818 · Listing Provided By Watch Realty Co. · quiana@quianawatson.com · Listing agent Chanel James

Location

598 Formwalt Street SW, Atlanta GA 30312

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About this 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.

How this list price compares in Atlanta

Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.

Home facts

Property type
Single-family home
Status
Active
Bedrooms
8
Full baths
5
Half baths
2
Living area
4,770 SF
Lot size
0.18 acres
Year built
2025
Levels
Two
Main-level bedrooms
3
Parking
Driveway
Style
Craftsman
Construction
HardiPlank Type
Roof
Composition
Flooring
Luxury Vinyl, Tile
Heating
Forced Air, Natural Gas, Separate Meters, Zoned
Cooling
Ceiling Fan(s), Central Air, Multi Units, Zoned
Appliances
Dishwasher, Disposal, Refrigerator
Lot
Other
Community
Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Restaurant, Sidewalks
HOA
No
Annual tax
$1,548 (2025)
County
Fulton

Assigned schools

As reported in the listing. Verify with the school district.

Payment estimate

Estimate the monthly payment

Prefilled with the list price of $950,000 and this week's average rate. Change anything to see your number.

Loan type
Estimated monthly payment

$6,484/mo

Principal and interest
$5,873
Property tax
$129
Home insurance
$125
Mortgage insurance
$356
Loan amount
$855,000
Cash down
$95,000

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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