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$1,120,000 Coming Soon
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Property Description
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.
Full Property Details
Full Property Details for 598 Formwalt St SW
General
- Price: $1,120,000
- Taxes: $1,548 (2025)
- Status: Coming Soon
- Type: Duplex
- Source: GAMLS_Atlanta
- MLS ID: 10731335
- Updated: 4/23/2026
- Added to Site: 23 day(s) ago
- Expected Market Date: 4/30/2026
Parking
- Parking Features: Off-Street
Location
- County: Fulton
- Driving Directions: From I-20, take Exit 56A toward Capitol Avenue SW. Turn onto Capitol Avenue SW and continue south. Turn onto Formwalt Street SW. The property will be on your right.
School Information
- Elementary School: Dunbar
- Middle School: King
- High School: MH Jackson Jr
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central Air, Zoned
- Heating Type: Forced Air, Natural Gas, Zoned
Utilities
- Water/Sewer: Public Sewer
- Utility Description: Other
Structural Information
- Construction Status: Resale
- Basement Desc.: None
- Stories/Levels: Two
- Year Built: 2025
Lot Features
- Lot Size (Acres): 0.184
- Lot Size Range: .184
- Lot Size Source: Public Records
Water Features
- Water Front Name: NONE
Financial Considerations
- Tax Amount: $1,548
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Short Sale
Listing Courtesy of: Watch Realty Co
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Schools
Schools serving 598 Formwalt St SW
School District:Atlanta City School District
| Name | Grades | Distance |
|---|---|---|
Dunbar Elementary School 500 Whitehall Terrace Southwest, Atlanta, GA 30312 | PK-5 | 0.4 mi |
King Middle School 545 Hill Street Southeast, Atlanta, GA 30312 | 6-8 | 0.9 mi |
Maynard H. Jackson- Jr. High School 801 Glenwood Avenue Southeast, Atlanta, GA 30316 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 598 Formwalt St SW
Date
Details
Price
Change
Source
3/31/2026
Listed
$1,120,000
126.26%
MLS
10/13/2023
Sold
$495,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 598 Formwalt St SW
598 Formwalt Street SW, Atlanta, GA 30312 (MLS# 10731335) is a Duplex property with 0 bedrooms and 0 full bathrooms. 598 Formwalt Street SW is currently listed for $1,120,000 and was received on March 31, 2026. Want to learn more about 598 Formwalt Street SW? Do you have questions about finding other Duplex real estate for sale in Atlanta? You can browse all Atlanta real estate or contact a Coldwell Banker agent to request more information.

