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Renovated Duplex
For Sale
$580,000

506 Old Wheat Street NE, Atlanta, GA 30312

Two one-bedroom units offer updated kitchens, baths, laundry rooms, and preserved historic details.

Property SizeContact for details
Days on Market38

Property Features for 506 Old Wheat Street NE

General Information

Standard status Active
Property subtype Duplex

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,899

Amenities

in-unit laundry
decorative fireplace

Building Details

Year Built 1920
Buildings 1
Listing Agency: HomeSmart
Listed By: Tracy Witherspoon
Source: Beacham
Added: Sep 10 Changed: Oct 4 Last Checked: Oct 16 at 3:50PM

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

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Investment Insights

Based on property information with market context.

Built in 1920, this renovated duplex contains two separate 1BR/1BA residences. Both units feature hardwood flooring, 10-foot ceilings, updated kitchens and bathrooms, granite countertops, stainless steel appliances, and decorative fireplaces. Each side also has its own laundry room with a washer and dryer.

Recent improvements include new front porch flooring, refreshed exterior trim, and upgraded thermostats serving both units. The property is positioned near Krog Street Market, the Atlanta BeltLine Eastside Trail, Edgewood Avenue, and the Martin Luther King Jr. National Historical Park, with the surrounding context supporting walkable access to these destinations.

The combination of two similarly configured residences, updated interiors, separate laundry facilities, and retained historic elements creates a practical duplex layout for an owner-occupant or rental use.

Key Highlights

  • Two 1BR/1BA units in a renovated duplex
  • Built in 1920 with hardwood floors and 10‑foot ceilings
  • Updated kitchens and baths with granite countertops and stainless steel appliances

Property Analytics

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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

2
Residential units

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
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two one-bedroom units offer updated kitchens, baths, laundry rooms, and preserved historic details.
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 $580,000.
What are key features of this property?
This property features: Two 1BR/1BA units in a renovated duplex; Built in 1920 with hardwood floors and 10‑foot ceilings; Updated kitchens and baths with granite countertops and stainless steel appliances
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