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235 Walnut St NW
Multi-Family
New
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$650,000

235 Walnut St NW, Atlanta

0 bd·0 ba·0 sqft
Built 19555,680 sqft lotVine City

235 Walnut St NW, Atlanta, GA

0 bd · 0 ba · 0 sqft Multi-Family listed at $650,000, built in 1955 in the Vine City neighborhood.

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.

Property details

Price
$650,000
Bedrooms
0
Bathrooms
0
Year built
1955
Lot size
5,680 sqft
Type
Multi-Family
Days on market
30
Est. property tax
$5,980/yr · $498/mo · 0.92% GA avg
Last sold
$103,500 · Mar 2017
Virtual tour

Estimated monthly payment

Down payment20% ($130,000)
Interest rate6.75%
Principal & Interest$3,373
Property Tax$596
Insurance$150
Total$4,119/mo

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Price history

$715K$326K$-64K$37K on Jan 88 (Sold)$122K on Dec 00 (Sold)$50K on Oct 03 (Sold)$125K on Dec 04 (Sold)$45K on Dec 07 (Initial list)$45K on Jan 08 (Initial list)$44K on Feb 08 (Sold)$44K on Apr 09 (Sold)$140K on Sep 09 (Initial list)$140K on Sep 09 (Initial list)$140K on May 10 (Price change)$140K on Jun 10 (Price change)$104K on Mar 17 (Sold)$1K on Feb 26 (Price change)$1K on Feb 26 (Price change)$1K on Feb 26 (Price change)$650K on Mar 26 (Initial list)$650K on Mar 26 (Initial list)
$37K · Jan 88$650K · Mar 26
  1. Mar 30, 2026$650,000Initial list price
  2. Mar 27, 2026$650,000Initial list price
  3. Feb 28, 2026$1,125Price change
  4. Feb 28, 2026$1,125Price change
  5. Feb 28, 2026$1,125Price change
  6. Mar 3, 2017$103,500Sold
  7. Jun 2, 2010$140,000Price change
  8. May 31, 2010$140,000Price change
  9. Sep 27, 2009$140,000Initial list price
  10. Sep 27, 2009$140,000Initial list price
  11. Apr 15, 2009$43,500Sold
  12. Feb 13, 2008$43,500Sold
  13. Jan 1, 2008$44,900Initial list price
  14. Dec 31, 2007$44,900Initial list price
  15. Dec 2, 2004$125,000Sold
  16. Oct 17, 2003$50,000Sold
  17. Dec 29, 2000$122,000Sold
  18. Jan 1, 1988$36,665Sold

Location

This home is located in Atlanta, GA. Browse more Atlanta listings on the Atlanta market page or explore the full Atlanta market report.

About Atlanta: Atlanta is the capital and most populous city of the U.S. state of Georgia. It is the county seat of Fulton County and extends into neighboring DeKalb County. With a population of 498,715 at the 2020 census and an estimated 520,070 in 2024, Atlanta is the eighth-most populous city in the Southeast and the 36th-most populous city in the United States. Atlanta is classified as a Beta+ global city. The Atlanta metropolitan area has an estimated population of over 6.4 million and is the sixth-largest metropolitan area in the United States. Situated among the foothills of the Appalachian Mountains at an elevation of just over 1,000 feet (300 m) above sea level, Atlanta features a unique topography that includes rolling hills, lush greenery, and the densest urban tree coverage of any major city in the United States. (source: Wikipedia)

Climate: Average year-round temperature is 63°F with 206 dry days per year and 48.8 inches of annual rainfall.

Location

Map of 235 Walnut St NW, Atlanta
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Home Intelligence

Neighborhood (zip 30314)

This neighborhood skews young (median age 29.8) and is primarily renter-occupied (39% owner-occupied). 19% hold a bachelor's degree; median household income is $32,374.

Median income
$32,374
Median age
29.8
Owner-occupied
38.5%
Bachelor's degree
19.0%
Census median home value
$159,600

Source: US Census Bureau American Community Survey 5-year estimates.

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