Renovated
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 Market23
Property Features for 506 Old Wheat Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Window features
Insulated Windows
Subdivision
Old Fourth Ward
Lot features
Corner Lot, Level
Elementary school
John Hope-Charles Walter 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
2025
Tax Annual Amount
8899
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central, Forced Air
Cooling system
Central Air, Ceiling Fan(s), Separate Meters
Water source
Public
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 front porch flooring
freshly painted exterior trim
Building Details
Year built
1920
Floors in Building
1
Number of units
2
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
HomeSmart · HomeSmart International
(404) 876-4901
Listed By:
Tracy Witherspoon
(678) 313-4003
Added: Sep 10
Changed: Sep 30
Last Checked: Oct 2 at 1:06PM
MLS# 7835616
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.
Built in 1920, this wood-sided duplex contains two 1BR/1BA residences with hardwood flooring, 10-foot ceilings, decorative fireplaces, and refreshed kitchens and bathrooms. Granite countertops, stainless steel appliances, separate laundry rooms with washers and dryers, upgraded thermostats, and new front porch flooring add practical updates. Central air, forced-air heating, heat-pump heating, ceiling fans, public water, and public sewer serve the property. The parcel measures 0.0515 acres.
The property is located at 506 Old Wheat Street NE 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. Both sides have separate cooling meters, while the exterior trim has been freshly painted. Cable is available, and the roof is composition.
The property is located at 506 Old Wheat Street NE 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. Both sides have separate cooling meters, while the exterior trim has been freshly painted. Cable is available, and the roof is composition.
Key Highlights
- Two 1BR/1BA residences within one duplex
- Renovated kitchens and bathrooms with granite countertops and stainless steel appliances
- Hardwood floors, 10‑foot ceilings, and decorative fireplaces in both units
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,627
Businesses Nearby
Explore this area
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 - Two distinct residences offer updated finishes, private laundry rooms, and separate cooling meters in Atlanta’s Old Fourth Ward.
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 residences within one duplex; Renovated kitchens and bathrooms with granite countertops and stainless steel appliances; Hardwood floors, 10‑foot ceilings, and decorative fireplaces in both units
