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About This Home

This 0-bedroom, 0-bathroom residential multi family at 235 Walnut Street NW in Atlanta, GA is listed for $650,000. Built in 1955, on a 0.13 acres lot.

Agent Description

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 Mercede

s-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.

Key Features

  • Built in 1955
  • 0.13 acre lot

Property Details

1 story
1955

Amenities

View

Monthly Cost Estimate

$3,476/mo

20% down · 6.5% · 30 years

Principal$470
Interest$2,817
Insurance$190

Estimates only. Actual payments may vary.

Location

235 Walnut Street NW

Atlanta, GA 30314

Vine City

Property Details

Flooring

Vinyl

Construction

Brick

Views

CityPark

Parking

Driveway

Heating

Heat Pump (Heating)

Cooling

Heat Pump

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 235 Walnut Street NW is listed at $650,000. The estimated monthly payment is $2,817 based on 20% down at 6.5% interest.

Key features include: Built in 1955, 0.13 acre lot.

This property is listed by Chaz Jenkins and can be reached at (404) 876-4901 or me@chazmjenkins.com.

CJ

Chaz Jenkins

Agent at HomeSmart

(404) 876-4901

Listed by HomeSmart · View on Broker Site

MLS# 7742377· Source: listhub· Updated 67 days ago

Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

235 Walnut Street NW, Atlanta, GA 30314

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