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Renovated Two-Unit Duplex
For Sale
$599,999

506 Old Wheat Street NE, Atlanta, GA 30312

Fully occupied duplex with refreshed interiors, separate laundry rooms, and a new deck.

Property SizeContact for details
Days on Market71

Property Features for 506 Old Wheat Street NE

General Information

Standard status Active
Property subtype Duplex
Occupancy 100%

Taxes and HOA fees

Annual Taxes $8,899

Amenities

hardwood floors
updated kitchens and baths
granite countertops
stainless steel appliances
10-foot ceilings
decorative fireplaces
separate laundry room with washer and dryer
new deck

Building Details

Year Built 1920
Tenancy Multi
Listing Agency: HomeSmart
Listed By: Tracy Witherspoon
Source: Beacham
Added: Jun 3 Changed: Aug 3 Last Checked: Aug 11 at 1:19PM

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 HomeSmart

Investment Insights

Based on property information with market context.

Built in 1920, this renovated duplex contains two separately configured residences, each offering one bedroom and one bathroom. Both interiors combine hardwood flooring, 10-foot ceilings, decorative fireplaces, updated kitchens and baths, granite countertops, and stainless steel appliances. Dedicated laundry rooms with washers and dryers serve each unit, while a new deck adds outdoor space.

The property is located at 506 Old Wheat Street NE in Atlanta’s Old Fourth Ward. Krog Street Market, the Atlanta BeltLine Eastside Trail, Edgewood Avenue, and the Martin Luther King Jr. National Historical Park are identified as nearby destinations. The existing configuration supports continued occupancy and the source information also identifies potential use by an owner-occupant, short-term rental operator, or long-term holder.

Key Highlights

  • Two‑unit duplex built in 1920
  • Both units offer 1BR/1BA layouts
  • Renovated kitchens and baths with granite countertops and stainless steel appliances

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Veterinary Clinic Clothing & Fashion Store Butcher Pet Grooming Service

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,627
Businesses Nearby

Demographics for 30312, GA

25,435
Population
15,787
Households
1.6
Avg Household Size
34
Median Age
65%
College-Educated
92%
High-School Grad
3.3 sq mi
ZIP Area
7,708
Density / Sq Mi
$75,963
Median Household Income
$70,268
Median Earnings
$1,594
Median Rent
$493,800
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 - Fully occupied duplex with refreshed interiors, separate laundry rooms, and a new deck.
Where is this duplex located?
The property is located at 506 Old Wheat Street NE Atlanta, GA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Two‑unit duplex built in 1920; Both units offer 1BR/1BA layouts; Renovated kitchens and baths with granite countertops and stainless steel appliances
More about this property
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