235 Walnut St NW Atlanta, GA 30314
Vine City NeighborhoodEstimated payment $3,924/month
Highlights
- Home fronts a pond
- Corner Lot
- Park
- City View
- No HOA
- 2-minute walk to Rodney Cook Sr. Park in Historic Vine City
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.
Listing Agent
HomeSmart Brokerage Phone: 470-485-5483 License #438670 Listed on: 03/26/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,444
Year Built
- Built in 1955
Lot Details
- 5,680 Sq Ft Lot
- Home fronts a pond
- Corner Lot
Property Views
- City
- Park or Greenbelt
Home Design
- Quadruplex
- Brick Exterior Construction
- Shingle Roof
Flooring
- Vinyl Flooring
Parking
- Varies By Unit
- Driveway
Schools
- M.R. Hollis Innovation Academy Elementary And Middle School
- Booker T. Washington High School
Utilities
- Air Source Heat Pump
- Cable TV Available
Listing and Financial Details
- Tax Lot 0083
- Assessor Parcel Number 14 008300011842
Community Details
Overview
- No Home Owners Association
- 2 Units
- Vine City Subdivision
Recreation
- Park
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,109 | $133,080 | $27,600 | $105,480 |
| 2023 | $5,332 | $128,800 | $27,600 | $101,200 |
| 2022 | $2,590 | $137,040 | $27,600 | $109,440 |
| 2021 | $2,593 | $64,000 | $27,600 | $36,400 |
| 2020 | $2,622 | $64,000 | $27,600 | $36,400 |
| 2019 | $1,535 | $76,840 | $27,600 | $49,240 |
| 2018 | $1,714 | $41,400 | $23,400 | $18,000 |
| 2017 | $2,160 | $50,000 | $27,600 | $22,400 |
| 2016 | $3,092 | $71,400 | $27,600 | $43,800 |
| 2015 | $3,099 | $71,400 | $27,600 | $43,800 |
| 2014 | $1,483 | $71,400 | $27,600 | $43,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/26/2026 03/26/26 | For Sale | $650,000 | -- | -- |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7742377
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Ask me questions while you tour the home.