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  • $1,120,000

    598 Formwalt St SW, Atlanta, GA 30312

    8beds
    4,770sqft
    : 
    Single Family Residence, Residential
    Built in 2025
    8,001.97 Square Feet Lot
    $1,120,000 Zestimate®
    $235/sqft
    $-- HOA

    What's special

    Custom walk-in closet
    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.
    3 days
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    122
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    10
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    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Chanel James,

    Watch Realty Co. quiana@quianawatson.com

    Source: FMLS GA,MLS#: 7750818MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 7
      • Full bathrooms: 5
      • 1/2 bathrooms: 2
      • Main level bathrooms: 2
      • Main level bedrooms: 3
      Rooms
      • Room types: Family Room
      Primary bedroom
      • Features: Master on Main, Roommate Floor Plan
      • Level: Master on Main, Roommate Floor Plan
      Bedroom
      • Features: Master on Main, Roommate Floor Plan
      Primary bathroom
      • Features: Double Vanity, Shower Only, Tub/Shower Combo
      Dining room
      • Features: Open Concept
      Kitchen
      • Features: Cabinets White, Eat-in Kitchen, Kitchen Island, Solid Surface Counters, View to Family Room
      Heating
      • Forced Air, Natural Gas, Separate Meters, Zoned
      Cooling
      • Ceiling Fan(s), Central Air, Multi Units, Zoned
      Appliances
      • Included: Dishwasher, Disposal, Refrigerator
      • Laundry: Laundry Room
      Features
      • Double Vanity, High Ceilings 10 ft Main, High Ceilings 10 ft Upper, Walk-In Closet(s)
      • Flooring: Luxury Vinyl, Tile
      • Windows: Insulated Windows
      • Basement: None
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 4,770
      • Total interior livable area: 4,770 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Driveway
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Deck, Front Porch
      • Exterior features: Other
      • Pool features: None
      • Spa features: None
      • Fencing: None
      • Has view: Yes
      • View description: City
      • Waterfront features: None
      • Body of water: None
      Lot
      • Size: 8,001.97 Square Feet
      • Features: Other
      Details
      • Additional structures: None
      • Parcel number: 14 007600100578
      • Other equipment: None
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman
      • Property subtype: Single Family Residence, Residential
      Materials
      • HardiPlank Type
      • Roof: Composition
      Condition
      • Resale
      • New construction: No
      • Year built: 2025

      Utilities & green energy

      • Electric: 110 Volts
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
      Green energy
      • Energy efficient items: Appliances, Construction, Doors, HVAC, Insulation, Water Heater, Windows
      • Energy generation: None

      Community & HOA

      Community
      • Features: Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Restaurant, Sidewalks
      • Security: Security Service
      • Subdivision: Mechanicsville
      HOA
      • Has HOA: No
      Location
      • Region: Atlanta

      Financial & listing details

      • Price per square foot: $235/sqft
      • Tax assessed value: $89,300
      • Annual tax amount: $1,548
      • Date on market: 4/27/2026
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt
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        Estimated market value

        $1,120,000

        $1.06M - $1.18M

        $3,773/mo

        Price history

        DateEventPrice
        4/27/2026Listed for sale$1,120,000-0.4%$235/sqft
        Source: GAMLS #10731335 Report a problem
        3/30/2026Listing removed$1,125,000$236/sqft
        Source: FMLS GA #7695208 Report a problem
        2/12/2026Price change$1,125,000-2.2%$236/sqft
        Source: FMLS GA #7695208 Report a problem
        12/27/2025Listing removed$3,000$1/sqft
        Source: GAMLS #10565972 Report a problem
        12/23/2025Listed for sale$1,150,000+132.3%$241/sqft
        Source: FMLS GA #7695208 Report a problem
        11/2/2025Listed for rent$3,000$1/sqft
        Source: GAMLS #10565972 Report a problem
        11/1/2025Listing removed$3,000$1/sqft
        Source: FMLS GA #7635454 Report a problem
        10/3/2025Listed for rent$3,000$1/sqft
        Source: FMLS GA #7635454 Report a problem
        8/8/2025Listing removed$3,000$1/sqft
        Source: GAMLS #10565972 Report a problem
        7/17/2025Listed for rent$3,000$1/sqft
        Source: GAMLS #10565972 Report a problem
        10/11/2023Sold$495,000+2375%$104/sqft
        Source: FMLS GA #7251101 Report a problem
        5/9/2016Sold$20,000$4/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,462 -34.9%$35,720 -49.3%
        2023$2,246 -21.2%$70,400
        2022$2,849 +71%$70,400 +71.2%
        2021$1,666 +22.4%$41,120 +25.1%
        2020$1,361 -5.6%$32,880 +40.3%
        2019$1,442 $23,440 +0.5%
        2018$1,442 $23,320 +191.5%
        2017$1,442 +75.4%$8,000 -28.6%
        2016$822 -39.1%$11,200
        2015$1,350 +165.8%$11,200
        2014$508 $11,200 +91.8%
        2013-- $5,840 +15%
        2012$226 $5,080 -50.6%
        2011-- $10,280 -47.2%
        2010$860 $19,480
        2009-- $19,480 -29.4%
        2008-- $27,600
        2007$167 $27,600 +9.5%
        2005-- $25,200 +1.9%
        2004-- $24,720 +13.6%
        2003$186 $21,760 +25.9%
        2002-- $17,280 +49%
        2001$113 $11,600

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $6,579/mo
        Principal & interest
        $5776
        Property taxes
        $803
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          Climate risks

          Neighborhood: Mechanicsville

          Getting around

          65 / 100
          Somewhat Walkable
          59 / 100
          Good Transit
          54 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Paul L. Dunbar
          • Middle: Martin L. King Jr.
          • High: Maynard Jackson

          Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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