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Renovated Duplex with 1BR Units

506 Old Wheat Street NE Atlanta, GA 30312

506 Old Wheat Street NE, Atlanta, GA, 30312
$599,999
For Sale
$599,999

MULTI_FAMILY - Atlanta, GA

Lot Size0.05 Acres
Days on Market49

Property Features for 506 Old Wheat Street NE

General Information

Property type
Residential Multi Family
Property subtype
Other
Window features
Insulated Windows
Standard status
Active
APN
14 004600120540
Lot size
0.05 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
8899

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Central, Heat Pump (Heating)
Cooling system
Ceiling Fan(s), Central Air, Separate Meters
Water source
Public

Building Details

Year built
1920
Floors in Building
1
Number of units
2
Building materials
Wood Siding
Roof type
Composition
Listing agency HomeSmart
Listed by Tracy Witherspoon
Added: Jun 3 Updated: Jun 4 at 11:34AM Checked: Jul 21 at 8:06AM
MLS# 7781450

Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This renovated duplex offers two separate, fully occupied 1BR/1BA residences. Each unit features spacious floor plans with hardwood floors, updated kitchens and baths, granite countertops, and stainless steel appliances. Interiors also include 10-foot ceilings and decorative fireplaces that combine historic character with modern finishes. A separate laundry room with an included washer and dryer is provided for each unit. The property also includes a new deck.

Located at 506 Old Wheat Street NE in Atlanta’s Old Fourth Ward area, the home is described as being just steps from Krog Street Market, the Atlanta BeltLine Eastside Trail, Edgewood Avenue, and the Martin Luther King Jr. National Historical Park.

Designed for an owner-operator or investor, the current layout provides two independent 1BR/1BA options within a single duplex. With both units already occupied, the property supports buyers seeking immediate rental income while retaining flexibility for an owner-occupant, short-term rental use, or a long-term hold. The combination of turnkey interior updates and practical in-unit laundry amenities may appeal to tenants who want a move-in-ready rental experience.

Key Highlights

  • Duplex built in 1920 with wood siding and a composition roof
  • Fully occupied duplex with two 1BR/1BA units
  • Each unit features hardwood floors, updated kitchen and bath, granite countertops, and stainless steel appliances

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

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

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Renovated two-unit duplex with modern 1BR/1BA interiors and in-unit laundry, steps from major Old Fourth Ward attractions.
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: Duplex built in 1920 with wood siding and a composition roof; Fully occupied duplex with two 1BR/1BA units; Each unit features hardwood floors, updated kitchen and bath, granite countertops, and stainless steel appliances
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More about this property
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