1 of 8

Want to see this home?

561 Formwalt Street SW Unit 5

Atlanta, GA 30312

2 beds
2 baths
– sqft
566 sqft lot
1961 build
– on site

Location! REDUCED MOTIVATED SELLER AND $10,000 towards downpayment with the help of the $10,000 Homebuyer Access grant as a primary residence purchase...Perfect first-time home buyer or Investor, no Rental Restrictions. The unit is currently rented for 1250 to a long-term tenant. It is very easy to find new tenants or increase rent. Also, it can be bought as a package with two other units in the same complex. Additional Unit 8 is rented for 1200 to a long term tenant. And 571 Formwalt unit 7 is rented for 1200. There are no Seller Disclosure as the seller has not lived there.

Listing courtesy of GAMLS / Pratik Karan / Dalton Wade, Inc.

Last checked: Checking… • Last updated Feb 20, 2025 •

MLS# 10462627 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1961
Construction Materials:

Brick
Architectural Style:

Brick 4 Side
Structure Type:

Mid Rise
Unit Number:

5
Roof:

Composition
Foundation Details:

Slab
Levels:

One
Basement:

None
Living Area Source:

Public Records
Common Walls:

1 Common Wall
Patio And Porch Features:

Deck

Interior

Interior Features:

Other
Security Features:

Smoke Detector(s)
Flooring:

Hardwood
Rooms:

Laundry, Other

Financial & Terms

Home Warranty:

No
Possession:

Close Of Escrow

Location

Latitude:

33.739389
Longitude:

-84.395463

The Property

Property Type:

Residential
Property Subtype:

Condominium
Property Condition:

Resale
Lot Features:

Other
Lot Size Acres:

0.013
Lot Size Source:

Public Records
Parcel Number:

14-0076-0010-124-6
Leased Land:

No
Waterfront Footage:

No
Waterfront Features:

No Dock Or Boathouse

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

$2,473

Beds

Bedrooms:

2
Bed Main:

2

Baths

Full Baths:

2
Main Level Full Baths:

2

Heating & Cooling

Heating:

Central
Cooling:

Ceiling Fan(s), Central Air

Utilities

Utilities:

Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher, Disposal, Electric Water Heater
Laundry Features:

In Hall

Schools

Elementary School:

Dunbar
Middle School:

King
High School:

MH Jackson Jr

The Community

Subdivision:

Capitol City Square
Community Features:

None
Association:

Yes
Association Fee Includes:

Maintenance Exterior, Maintenance Grounds, Other

Parking

Parking Features:

Assigned, Parking Pad
Parking Total:

1

Monthly cost estimate

Asking price

$140,000

Expense	Monthly cost
Mortgage	$749
Taxes	$206
Insurance	$38
Utilities	N/A
Total	$993/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/19/25 Feb 19, 2025	Listed / Active	GAMLS	$140,000	617.9% (48.8% / YR)
12/2/24 Dec 2, 2024	Listed / Active	GAMLS
11/27/24 Nov 27, 2024	Listed / Active	FMLS

Condo For Sale

$140,000

Cost Est.

$993/mo.

Listing provided by broker:

Pratik Karan

Dalton Wade, Inc.

Want a closer look?

Go see 561 Formwalt Street SW

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Atlanta, GA

Similar sold homes

This condo located in Intown South, Atlanta, GA 30312 is currently for sale for $140,000. 561 Formwalt Street SW Unit 5 is a – square foot condo with 2 beds and 2 baths that has been on Estately for 4 days. 561 Formwalt Street SW Unit 5 is in the Intown South neighborhood of Atlanta and has a WalkScore® of 58, making it somewhat walkable. This condo is in the attendance area of Maynard Holbrook Jackson High School, Martin Luther King, Jr. Middle School, and Paul L. Dunbar Elementary School.

Listing Courtesy of: GAMLS and Dalton Wade, Inc..

© 2025 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. GAMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.