598 Formwalt Street SW, Atlanta, GA 30312 | MLS #7750818 | Harry Norman REALTORS
 
Listing provided courtesy of Watch Realty Co.- MLS# 7750818MLS Provider

598 Formwalt Street SWAtlanta, GA 30312

Single Family · 8 Beds · 5 Full Baths · 2 Half Baths · 4,770 Sq. ft. | 0.18 Acres
$1,050,000 Active

598 Formwalt Street SW Overview

Time on Site:
77 days
Visits:
3

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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598 Formwalt Street SW Facts & Features

  • Type Single Family
  • Sq. ft. 4,770
  • Price/Sq.ft. $220
  • Lot 0.18 Acres

Details

General

Association/HOA

  • Association Fee 2: 0
  • Association: No

School Information

  • Elementary School: Paul L. Dunbar
  • Middle Or Junior School: Martin L. King Jr.
  • High School: Maynard Jackson

Green Features

  • Green Energy Efficient: Appliances, Construction, Doors, HVAC, Insulation, Water Heater, Windows
  • Green Energy Generation: None

Building Information

  • Year Built: 2025

Location/Region

  • County Or Parish: Fulton - GA
  • Subdivision Name: Mechanicsville

Community/Development

  • Community Features: Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Restaurant, Sidewalks
  • Number Of Units In Community: 2

Rent/Lease Information

  • Association Rent Restrictions: No
  • Land Lease: No

Tax Information

  • Tax Annual Amount: 1548
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 14 007600100578
  • Property Condition: Resale
  • Property Sub Type: Single Family Residence
  • Property Type: Residential

Interior

Beds/Baths

  • Bathrooms Full: 5
  • Bathrooms Half: 2
  • Bathrooms Total: 7
  • Bedrooms Total: 8

Building Interior

  • Building Area Source: Appraiser
  • Building Area Total: 4770

General Information

  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Basement: None
  • Common Walls: 1 Common Wall
  • Cooling: Ceiling Fan(s), Central Air, Multi Units, Zoned
  • Electric: 110 Volts
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Flooring: Luxury Vinyl, Tile
  • Heating: Forced Air, Natural Gas, Separate Meters, Zoned
  • Interior Features: Double Vanity, High Ceilings 10 ft Main, High Ceilings 10 ft Upper, Walk-In Closet(s)
  • Laundry Features: Laundry Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Half Bathrooms: 2
  • Main Level Bedrooms: 3
  • Other Equipment: None
  • Security Features: Security Service
  • Spa Features: None
  • Window Features: Insulated Windows

Room Information

  • Bedroom Features: Master on Main,Roommate Floor Plan

Exterior

Parking Information

  • Parking Features: Driveway

Lot Information

  • Lot Features: Other
  • Lot Size Acres: 0.1837
  • Lot Size Dimensions: x
  • Lot Size Source: Public Records
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • View: City
  • Water Body Name: None
  • Waterfront Features: None

Building Exterior/Construction

  • Architectural Style: Craftsman
  • Construction Materials: HardiPlank Type
  • Patio And Porch Features: Covered, Deck, Front Porch
  • Property Attached: No
  • Roof: Composition

General Information

  • Exterior Features: Other
  • Fencing: None
  • Horse Amenities: None
  • Other Structures: None
  • Pool Features: None
  • Pool Private: No
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

598 Formwalt Street SW Neighborhood

Community

30312 (Atlanta) Demographics

32
Median Age
7,132
Population Density (per sq. mile)
66%
College Educated
$58,509
Estimated Median Income
4,531
Estimated Total Home Owners
8,173
Estimated Total Renters
36% / 64%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Understanding Mortgage Rates:
A Guide For Homebuyers

Learn More

598 Formwalt Street SW Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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598 Formwalt Street SW Market Data

Based on the last 30 days in this zip code

$542,779
Average List Price
$368
Average Price per Square Foot
36
Properties Sold
89
Average Days on Market
334
Properties for Sale
Calculations provided by Reliance Network

598 Formwalt Street SW History

Date Event Value Agent
6/2/2026Source: Georgia MLS Status Change
Active
6/2/2026Source: Georgia MLS Status Change
Active
5/31/2026Source: Georgia MLS Price Reduction
$1,050,000 -6.2%
5/31/2026Source: Georgia MLS Price Reduction
$1,050,000 -6.2%
5/31/2026Source: Georgia MLS Status Change
Price Change
5/31/2026Source: Georgia MLS Status Change
Price Change
5/31/2026Source: FMLS Price Reduction
$1,050,000 -6.2%
5/31/2026Source: FMLS Price Reduction
$1,050,000 -6.2%
5/10/2026Source: Georgia MLS Status Change
Active
5/10/2026Source: Georgia MLS Status Change
Active
4/27/2026Source: FMLS Status Change
Active
4/27/2026Source: FMLS Status Change
Active
4/27/2026Source: Georgia MLS Status Change
New
4/27/2026Source: Georgia MLS Status Change
New
4/13/2026Source: Georgia MLS Added to Database
April 13, 2026
4/13/2026Source: Georgia MLS Added to Database
April 13, 2026
4/13/2026Source: FMLS Added to Database
April 13, 2026
4/13/2026Source: FMLS Added to Database
April 13, 2026
10/16/2023Source: FMLS Status Change
Closed
10/12/2023Source: FMLS Status Change
Active
10/12/2023Source: Georgia MLS Status Change
Sold
8/4/2023Source: FMLS Status Change
Pending
8/4/2023Source: Georgia MLS Status Change
Under Contract
7/26/2023Source: Georgia MLS Added to Database
July 26, 2023
7/24/2023Source: FMLS Added to Database
July 24, 2023

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