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235 Walnut St NW, Atlanta, GA, 30314

--beds
2baths
--sqft
$650,000
--price/sqft
$4,487/moest. monthly cost
$179,480/yrincome needed

About This Home

235 Walnut is the kind of opportunity that rarely hits the market—an income-producing, strategically located property with both immediate cashflow and significant long-term development upside. Whether you’re a new investor entering the market or a seasoned buyer expanding your portfolio, this asset checks every box. This renovated studio quadruplex already generates impressive returns through a diverse mix of Airbnb and long-term rental income, giving investors the flexibility to capitalize on multiple revenue streams. With the existing updates and strong occupancy potential, there is still room to push rents and further increase NOI. But the true value of 235 Walnut extends far beyond the current structure. The property sits on a highly desirable lot with the potential to develop 4–5 modern townhomes, allowing an investor to maximize returns through ground-up construction in a rapidly appreciating corridor. This dual-path investment—cashflow now, major upside later—makes the property a smart and strategic purchase. Location is another major advantage. 235 Walnut is positioned in the heart of Atlanta’s most transformative growth zone, within the same vicinity as: Centennial Yards development The Gulch redevelopment Georgia World Congress Center Mercedes-Benz Stadium This area is experiencing billions in public and private investment, creating sustained demand for short-term rentals, long-term housing, and new construction. With Atlanta set to host international events such as the 2026 World Cup, properties in this district are poised to benefit from global tourism, increased rental demand, and rising property values. Adding to its appeal, the property sits on the edge of a newly renovated public park featuring water elements, green space, and kid-friendly amenities—a rare lifestyle advantage that enhances both rental desirability and future resale value. 235 Walnut is more than a purchase—it’s a strategic foothold in one of Atlanta’s fastest-growing investment corridors. Strong cashflow, development potential, and unmatched proximity to major city projects make this a standout opportunity for any investor focused on long-term growth and high-yield returns.

Getting Around

71
WalkingVery Walkable
66
TransitGood Transit
46
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Resale
  • Year built: 1955

Materials

  • Roof: Shingle
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex,Residential Income

Interior

Bedrooms & Bathrooms

  • Bathrooms: 2

Features

  • Window features: None
  • Flooring: Vinyl

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 14 008300011842

Features

  • Levels: One
  • Stories: 1
  • Exterior features: No Dock
  • Fencing: None
  • Has view: Yes
  • View description: City,Park/Greenbelt
  • Waterfront features: Pond
  • Waterbody name: None

Lot

  • Lot size: 5,680 sqft
  • Features: Corner Lot

Parking

  • Parking features: Driveway,Varies by Unit
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate

How This Home’s Risks Compare

Earthquake

FEMA Declared Disasters Across Georgia Counties

Flood
Hurricane
Severe Storm
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,286$39,432
Home Insurance *$500$6,000
Property Taxes $482$5,784
Electricity $219$2,637
Total$4,487$53,844
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$153,840/yr
40% on housing$134,610/yr
45% on housing$119,653/yr

Georgia FAIR Plan Programs

Georgia Underwriting Association

Covered
WildfireWildfire
Add-on available
WindWind
Visit Website →

Georgia Underwriting Association - Coastal

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,778Commercial: 638
Total Premiums$16.25M
Total Exposure$2.20B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.7%
2.7%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 30314$133
Fulton County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 30314$133
Fulton County$202

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-27Listed for sale$650,000
2023-08-18Listing removed--
2023-04-13Price change$1,400
2023-03-03Listed for rent$1,485
2017-02-27Sold$103,500
2017-01-27Pending sale$99,000
2017-01-25Listed for sale$99,000

For Sale by Agent

AgentChaz Jenkins
BrokerageHomeSmart

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