$650,000

Estimated payment $3,924/month

Total Views 1,914
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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

Chaz Jenkins

HomeSmart Brokerage Phone: 470-485-5483 License #438670 Listed on: 03/26/2026

HomeSmart

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,444

Year Built

Built in 1955

Lot Details

5,680 Sq Ft Lot

Listing Details

  • Standard Status: Active
  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Condition: Resale
  • Year Built: 1955
  • Accessibility Features: None
  • Water Body Name: None
  • Co List Office Mls Id: PHPA01
  • Subdivision Name: Vine City
  • Tax Parcel Letter: 14-0083-0001-184-2
  • Special Features: VirtualTour

Interior Features

  • Flooring: Vinyl
  • Window Features: None

Exterior Features

  • Construction Materials: Brick
  • Fencing: None
  • View: City, Park/Greenbelt
  • Pool Private: No
  • Home Warranty: No
  • Roof: Shingle

Garage/Parking

  • Parking Features: Driveway, Varies by Unit

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: None
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Utilities: Cable Available, Electricity Available
  • Heating Yn: Yes
  • Electricity On Property: Yes

Condo/Co-op/Association

  • Community Features: Park
  • Association: No

Schools

  • Middle Or Junior School: M.R. Hollis Innovation Academy

Green Features

  • Efficiency: None
  • Green Energy Generation: None

Lot Info

  • Lot Features: Corner Lot
  • Lot Dimensions: x
  • Parcel Number: 14 008300011842
  • Property Attached Yn: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 5680.224
  • Additional Parcels: No

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Number Of Units Total: 4
  • Waterfront Features: Pond

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 5444

MLS Schools

  • Elementary School: M.R. Hollis Innovation Academy
  • High School: Booker T. Washington

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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)

Source: First Multiple Listing Service (FMLS)

MLS Number: 7742377

First Multiple Listing Service (FMLS)
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