# 585 Warwick Street SE, Atlanta, GA 30316 > **TL;DR:** residential multi family, $799,000, built 1940. > View, Hardwood, A/C. Est. $4,273/mo. Listed 88 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $799,000 | | Year Built | 1940 | | Lot Size | 6,098 sqft (0.14 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 88 | ## Why This Home Stands Out - **Views** - City - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,040 | | Estimated Insurance | $233 | | **Total** | **$4,273** | ## Nearby Schools - **Elementary:** Parkside - **Middle:** Martin L. King Jr. - **High:** Maynard Jackson ## Key Amenities - View - Hardwood - A/C ## Property Highlights - Built in 1940 - 0.14 acre lot - 2 stories - 3 parking spaces ## Description ### Agent Description Fully Leased, Cash-Flowing Investment in One of Atlanta's Most Desirable Intown Neighborhoods Offered at $815,000, the property presents a rare opportunity to acquire a stabilized, cash-flowing asset in one of Atlanta's most supply-constrained and rapidly appreciating BeltLine neighborhoods. Fully leased with immediate cash flow, this turnkey investment opportunity in Ormewood Park offers stable in-place income in one of Atlanta's strongest long-term growth corridors. Located just 0.4 miles from the newly paved Atlanta BeltLine Southside Trail and within 0.5 miles of Glenwood Park's restaurants, coffee shops, breweries, fitness studios, and neighborhood retail, the property combines dependable current returns with exceptional long-term upside. A corporate-backed tenant has occupied the property continuously for the past three years and has historically renewed each term. Their continued interest in the home offers the next owner the potential for immediate, reliable income with limited vacancy exposure. Ormewood Park has consistently ranked among Atlanta's strongest appreciating intown neighborhoods, fueled by BeltLine expansion, continued redevelopment, and increasing demand from both homeowners and renters seeking walkable, amenity-rich communities. With the BeltLine now paved and easily accessible just minutes away, the property's location is well positioned to continue benefiting from one of Atlanta's most significant infrastructure investments. Current Lease Highlights Current Rent: $4,575/month ($54,900 annual gross rent) Lease Term: July 14, 2026 - July 13, 2027 Occupancy: Fully leased to four tenants under a single lease with joint and several liability. Tenant Responsibilities: Tenants pay all utilities and are responsible for routine interior upkeep and damages beyond normal wear and tear. Landlord Responsibilities: Professional landscaping, routine pest control, and major property maintenance. Financials are underwritten with actual property taxes, estimated insurance, landscaping, and pest control, along with conservative replacement reserves and maintenance allowances. The property is currently self-managed, resulting in a projected 5.04% cap rate at the asking price. Whether you're completing a 1031 exchange, expanding an Atlanta rental portfolio, or acquiring a low-maintenance investment with proven tenant demand, 585 Warwick offers an increasingly rare combination of stable in-place income, a proven leasing history, and a premier intown location. While the property provides immediate cash flow today, its proximity to the Atlanta BeltLine and Glenwood Park positions investors to benefit from continued rent growth, long-term appreciation, and sustained tenant demand for years to come. ## Location - **Address:** 585 Warwick Street SE, Atlanta, GA 30316 - **County:** Fulton - GA - **Neighborhood:** Ormewood Park - **Coordinates:** 33.738274, -84.354046 - **Google Maps:** https://www.google.com/maps?q=33.738274,-84.354046 ## Listing Agent - **Name:** David Holcombe - **Brokerage:** Keller Knapp Inc - **Broker Phone:** (678) 358-4321 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/585-Warwick-St-SE_Atlanta_GA_30316_M60992-08290?f=listhub&s=FMLSGA&m=7816242&c=propsimple) ## Photos ![585 Warwick Street SE - Photo 1](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f354395633r.jpg) ![585 Warwick Street SE - Photo 2](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f1029886171r.jpg) ![585 Warwick Street SE - Photo 3](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f2578714290r.jpg) ![585 Warwick Street SE - Photo 4](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f1093635063r.jpg) ![585 Warwick Street SE - Photo 5](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f3996829827r.jpg) ![585 Warwick Street SE - Photo 6](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f3743465179r.jpg) ![585 Warwick Street SE - Photo 7](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f3758629991r.jpg) ![585 Warwick Street SE - Photo 8](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f1436764076r.jpg) ![585 Warwick Street SE - Photo 9](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f739597804r.jpg) ![585 Warwick Street SE - Photo 10](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f247613872r.jpg) ![585 Warwick Street SE - Photo 11](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f2418550123r.jpg) ![585 Warwick Street SE - Photo 12](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f3531472322r.jpg) ![585 Warwick Street SE - Photo 13](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f2725846457r.jpg) ![585 Warwick Street SE - Photo 14](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f2200275472r.jpg) ![585 Warwick Street SE - Photo 15](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f1012622153r.jpg) ![585 Warwick Street SE - Photo 16](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f2070308487r.jpg) ![585 Warwick Street SE - Photo 17](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f1423804704r.jpg) ![585 Warwick Street SE - Photo 18](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f3677322033r.jpg) ![585 Warwick Street SE - Photo 19](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f1772811112r.jpg) ![585 Warwick Street SE - Photo 20](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f2660847106r.jpg) ![585 Warwick Street SE - Photo 21](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f206138438r.jpg) ![585 Warwick Street SE - Photo 22](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f3391294631r.jpg) ![585 Warwick Street SE - Photo 23](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f4266126132r.jpg) ![585 Warwick Street SE - Photo 24](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f985216765r.jpg) ![585 Warwick Street SE - Photo 25](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f2542293952r.jpg) ![585 Warwick Street SE - Photo 26](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f1151124542r.jpg) ![585 Warwick Street SE - Photo 27](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f2729069690r.jpg) ![585 Warwick Street SE - Photo 28](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f2701305519r.jpg) ![585 Warwick Street SE - Photo 29](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f91246068r.jpg) ![585 Warwick Street SE - Photo 30](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f3570295788r.jpg) ![585 Warwick Street SE - Photo 31](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f1523939158r.jpg) ![585 Warwick Street SE - Photo 32](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f1205077931r.jpg) ![585 Warwick Street SE - Photo 33](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f1153130091r.jpg) ![585 Warwick Street SE - Photo 34](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f254763634r.jpg) ![585 Warwick Street SE - Photo 35](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f3607848974r.jpg) ![585 Warwick Street SE - Photo 36](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f327223311r.jpg) ![585 Warwick Street SE - Photo 37](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f987706528r.jpg) ![585 Warwick Street SE - Photo 38](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f654367958r.jpg) ![585 Warwick Street SE - Photo 39](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f3147170173r.jpg) ![585 Warwick Street SE - Photo 40](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f2533195687r.jpg) ![585 Warwick Street SE - Photo 41](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f2308939386r.jpg) ![585 Warwick Street SE - Photo 42](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f553222658r.jpg) ![585 Warwick Street SE - Photo 43](http://lh.rdcpix.com/c7433d80a1a53d2f2891b5eeb278b6e3l-f415287133r.jpg) --- **MLS#:** 7816242 | **Updated:** 2026-10-20 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/585-warwick-street-se-atlanta-ga-30316-ccbe1e9ea01f4c8798380ae6a6bdceb4) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/585-warwick-street-se-atlanta-ga-30316-ccbe1e9ea01f4c8798380ae6a6bdceb4#listing", "url": "https://www.propertysimple.ai/listing/585-warwick-street-se-atlanta-ga-30316-ccbe1e9ea01f4c8798380ae6a6bdceb4", "name": "585 Warwick Street SE, Atlanta, GA 30316", "description": "Fully Leased, Cash-Flowing Investment in One of Atlanta's Most Desirable Intown Neighborhoods Offered at $815,000, the property presents a rare opportunity to acquire a stabilized, cash-flowing asset in one of Atlanta's most supply-constrained and rapidly appreciating BeltLine neighborhoods. Fully leased with immediate cash flow, this turnkey investment opportunity in Ormewood Park offers stable in-place income in one of Atlanta's strongest long-term growth corridors. Located just 0.4 miles from the newly paved Atlanta BeltLine Southside Trail and within 0.5 miles of Glenwood Park's restaurants, coffee shops, breweries, fitness studios, and neighborhood retail, the property combines dependable current returns with exceptional long-term upside. A corporate-backed tenant has occupied the property continuously for the past three years and has historically renewed each term. Their continued interest in the home offers the next owner the potential for immediate, reliable income with limited vacancy exposure. Ormewood Park has consistently ranked among Atlanta's strongest appreciating intown neighborhoods, fueled by BeltLine expansion, continued redevelopment, and increasing demand from both homeowners and renters seeking walkable, amenity-rich communities. With the BeltLine now paved and easily accessible just minutes away, the property's location is well positioned to continue benefiting from one of Atlanta's most significant infrastructure investments. Current Lease Highlights Current Rent: $4,575/month ($54,900 annual gross rent) Lease Term: July 14, 2026 - July 13, 2027 Occupancy: Fully leased to four tenants under a single lease with joint and several liability. Tenant Responsibilities: Tenants pay all utilities and are responsible for routine interior upkeep and damages beyond normal wear and tear. Landlord Responsibilities: Professional landscaping, routine pest control, and major property maintenance. Financials are underwritten with actual property taxes, estimated insurance, landscaping, and pest control, along with conservative replacement reserves and maintenance allowances. The property is currently self-managed, resulting in a projected 5.04% cap rate at the asking price. 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