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New-Construction Duplex
For Sale
$975,000

242 Ormond Street SW, Atlanta, GA 30315

Two three-story residences include private entrances, dedicated laundry, balconies, and on-site parking.

Property SizeContact for details
Days on Market20

Property Features for 242 Ormond Street SW

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 2 x 3BR/3.5BA
Multifamily Units 2

Additional Details

Highway Access Yes

Amenities

balconies
on-site parking
dedicated laundry
Central
Central Air
Electricity Individual Meters, Gas Individual Meters, Water Individual Meters

Building Details

Year Built 2026
Buildings 1
Listed By: Johanna Galnares · License #430619
Source: Kw
Added: Aug 21 Changed: Sep 8 Last Checked: Sep 8 at 10:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Johanna Galnares

Investment Insights

Based on property information with market context.

Completed in 2026, this duplex contains two newly built residences, each arranged across three stories with three bedrooms and three-and-a-half bathrooms. Each home measures approximately 1,540 square feet and includes a private entrance, dedicated laundry, multiple balconies, and on-site parking. Interior finishes include open living areas, quartz countertops, stainless-steel appliances, and tilework. Central air serves both residences, while electricity, gas, and water are individually metered for each unit.

The property at 242 Ormond Street SW is approximately one mile south of Downtown Atlanta, with access to I-75/I-85. Georgia State University, Grady Memorial Hospital, Mercedes-Benz Stadium, Grant Park, Zoo Atlanta, Pittsburgh Yards, the Atlanta BeltLine, and Hartsfield-Jackson Atlanta International Airport are identified as nearby destinations. The configuration supports separate occupancy of the two residences and flexible living arrangements, subject to applicable requirements.

Key Highlights

  • Two‑residence duplex completed in 2026
  • Each residence offers three bedrooms, three‑and‑a‑half bathrooms, and approximately 1,540 square feet
  • Three‑story layouts include private entrances, dedicated laundry, and multiple balconies

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Locksmith Pharmacy Kitchen & Bath Showroom Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

808
Businesses Nearby

Demographics for 30315, GA

34,327
Population
15,458
Households
2.2
Avg Household Size
34
Median Age
28%
College-Educated
82%
High-School Grad
11.5 sq mi
ZIP Area
2,985
Density / Sq Mi
$42,383
Median Household Income
$36,311
Median Earnings
$989
Median Rent
$266,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two three-story residences include private entrances, dedicated laundry, balconies, and on-site parking.
Where is this duplex located?
The property is located at 242 Ormond Street SW Atlanta, GA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑residence duplex completed in 2026; Each residence offers three bedrooms, three‑and‑a‑half bathrooms, and approximately 1,540 square feet; Three‑story layouts include private entrances, dedicated laundry, and multiple balconies
More about this property
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