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Listing Provided By Leslie Rose with Berkshire Hathaway HomeServices Georgia Properties, 404-537-5200

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Active

Price reduced

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Photos

Photo 1 of 17

Photo 1 of 17, Atlanta, GA 30312

561 Formwalt Street SW Unit 10

Atlanta, GA 30312

$99,500

Beds
2
Baths
1
Sq ft
620
Price per sq ft
$160
Year built
1962
Lot
0.014 acres

About this home

INVESTOR SPECIAL! EXCEPTIONAL INTOWN ATLANTA VALUE – CASH BUYERS, TAKE NOTICE! Opportunity knocks! Offered at a newly reduced price, this two-bedroom, one-bathroom condo presents an attractive opportunity for investors seeking an affordable addition to their rental portfolio in a highly convenient intown Atlanta location. With its desirable location, dedicated gated parking, and low-maintenance lifestyle, this property offers excellent potential as a long-term rental for students, young professionals, and anyone wanting convenient access to Atlanta's employment, education, and entertainment districts. Inside, you'll find original hardwood floors, a freshly painted interior, and thoughtful updates that make this property move-in ready. The refreshed kitchen features a brand-new range and refrigerator, ample cabinet space, and plenty of natural light. Well-maintained HVAC and appliances, along with an EV charging station and dedicated parking within the gated area, add to the property's appeal. Location is everything, and this one delivers! Just minutes from Georgia State University, Downtown Atlanta, Summerhill, Mercedes-Benz Stadium, State Farm Arena, Centennial Olympic Park, the Atlanta BeltLine, restaurants, shopping, parks, MARTA, and major interstates. Its proximity to universities, business centers, and Atlanta's entertainment destinations makes this a compelling location for attracting tenants seeking convenience and accessibility. Investors should verify leasing opportunities and restrictions directly with the homeowners association. Schedule your private showing today.

Listed
Aug 5, 2026
Updated
Nov 7, 2026, 7:41 AM ET
Property type
Residential, Condominium
Subdivision
Capitol City Square
FMLS #
7816222
County
Fulton - GA

Virtual tour

Interior

Interior features
Low Flow Plumbing Fixtures, Other
Appliances
Dishwasher, Disposal, Electric Oven, Electric Water Heater, Microwave, Refrigerator
Flooring
Hardwood
Fireplaces
0
Fireplace features
None
Basement
None
Cooling
Central Air, Electric, Ceiling Fan(s)
Heating
Central, Electric
Laundry
Laundry Closet
Kitchen
Stone Counters
Primary bathroom
None
Levels
One
Main-level bedrooms
2
Main-level bathrooms
1
Accessibility features
None
Windows
Double Pane Windows

Exterior

Exterior features
Balcony
Patio and porch
Rear Porch, Deck
Construction materials
Brick 4 Sides, Brick
Roof
Composition
Fencing
Fenced
Pool features
None
Private pool
No
Spa
None
View
Neighborhood
Waterfront
None
Dock
None
Foundation
Brick/Mortar

Lot & parking

Lot size (acres)
0.014
Lot dimensions
x
Lot features
Level
Parking
Electric Vehicle Charging Station(s), Parking Lot
Total parking spaces
1

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Available, Phone Available, Sewer Available, Water Available, Cable Available
Electric
220 Volts
Energy efficiency
None

HOA & taxes

Association
Yes
Association fee
330
Association fee frequency
Monthly
Association fee includes
Insurance, Maintenance Grounds, Pest Control, Reserve Fund, Security, Sewer, Termite, Trash, Water
Annual tax amount
429
Tax year
2025

Schools & community

Elementary school
Paul L. Dunbar
Middle school
Martin L. King Jr.
High school
Maynard Jackson
Subdivision
Capitol City Square
County
Fulton - GA
Community features
None

Construction

Architectural style
Mid-Rise (up to 5 stories)
Year built
1962
Property subtype
Condominium
Condition
Resale
Building area (total)
620
Above-grade finished area
620
Below-grade finished area
0

Location

Payment estimate

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All photos (17)

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A trade name of Ryan Abbe Properties LLC

License #H-81887

13010 Morris Road, suite 650, Alpharetta, GA 30004

Office: (470) 383-3020

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Listing data last updated Nov 7, 2026, 7:41 AM ET