Renovated Two-Unit
For Sale
$580,000
506 Old Wheat Street NE, Atlanta, GA 30312
Residential Income, Atlanta, GA
Property SizeContact for details
Lot Size0.05 Acres
Days on Market35
Property Features for 506 Old Wheat Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
Old Fourth Ward
Elementary school
Hope Hill
Middle school
David T Howard
High school
Midtown
Directions
From 75/85 take Freedom Pkwy exit. To RT (S) onto Boulevard. Then LFT onto Old Wheat St (across from MLK Center) house is on the LFT at corner of Hogue and Old Wheat. Or From Inman Park at Krog St Market Go West on Irwin to LFT on Auburn to RT on Old Wheat. Plenty of street parking.
Standard status
Active
APN
14 004600120540
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
8614
Utilities
Sewer type
Private Sewer
Heating system
Forced Air, Natural Gas, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
updated kitchens
updated 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
Floors in Building
1
Number of units
2
Building materials
Wood Siding
Listing Agency:
HomeSmart
(404) 876-4901
Listed By:
Tracy Witherspoon
(678) 313-4003
Added: Sep 10
Changed: Sep 30
Last Checked: Oct 14 at 11:06PM
MLS# 10846808
Copyright © 2026 Georgia Multiple Listing Service. 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.
Built in 1920, this renovated duplex contains 2 one-bedroom, one-bath residences. Both units feature hardwood flooring, updated kitchens and bathrooms, granite countertops, stainless steel appliances, 10-foot ceilings, and decorative fireplaces. Separate laundry rooms with washers and dryers serve each residence, and a new deck adds outdoor space. The property is fully occupied and sits on 0.051 acres.
The home is located in Atlanta’s Old Fourth Ward near Krog Street Market, the Atlanta BeltLine Eastside Trail, Edgewood Avenue, and the Martin Luther King Jr. National Historical Park. Public water and private sewer serve the property. Heating includes heat pumps, forced air, and natural gas, while central air provides cooling.
The home is located in Atlanta’s Old Fourth Ward near Krog Street Market, the Atlanta BeltLine Eastside Trail, Edgewood Avenue, and the Martin Luther King Jr. National Historical Park. Public water and private sewer serve the property. Heating includes heat pumps, forced air, and natural gas, while central air provides cooling.
Key Highlights
- 2‑unit duplex with two 1BR/1BA residences
- Fully occupied property on 0.051 acres
- Updated kitchens and baths with granite countertops and stainless steel appliances
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,627
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied property with updated interiors, private 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 $580,000.
What are key features of this property?
This property features: 2‑unit duplex with two 1BR/1BA residences; Fully occupied property on 0.051 acres; Updated kitchens and baths with granite countertops and stainless steel appliances
