235 Walnut is the kind of opportunity that rarely hits the market—an income-producing, strategically located property with both immediate cashflow and significant long-term development upside. Whether you’re a new investor entering the market or a seasoned buyer expanding your portfolio, this asset checks every box. This renovated studio quadruplex already generates impressive returns through a diverse mix of Airbnb and long-term rental income, giving investors the flexibility to capitalize on multiple revenue streams. With the existing updates and strong occupancy potential, there is still room to push rents and further increase NOI. But the true value of 235 Walnut extends far beyond the current structure. The property sits on a highly desirable lot with the potential to develop 4–5 modern townhomes, allowing an investor to maximize returns through ground-up construction in a rapidly appreciating corridor. This dual-path investment—cashflow now, major upside later—makes the property a smart and strategic purchase. Location is another major advantage. 235 Walnut is positioned in the heart of Atlanta’s most transformative growth zone, within the same vicinity as: Centennial Yards development The Gulch redevelopment Georgia World Congress Center Mercedes-Benz Stadium This area is experiencing billions in public and private investment, creating sustained demand for short-term rentals, long-term housing, and new construction. With Atlanta set to host international events such as the 2026 World Cup, properties in this district are poised to benefit from global tourism, increased rental demand, and rising property values. Adding to its appeal, the property sits on the edge of a newly renovated public park featuring water elements, green space, and kid-friendly amenities—a rare lifestyle advantage that enhances both rental desirability and future resale value. 235 Walnut is more than a purchase—it’s a strategic foothold in one of Atlanta’s fastest-growing investment corridors. Strong cashflow, development potential, and unmatched proximity to major city projects make this a standout opportunity for any investor focused on long-term growth and high-yield returns.
Active
$650,000
235 Walnut St NW, Atlanta, GA 30314
--beds
2baths
--sqft
Quadruplex, Residential Income
Built in 1955
-- sqft lot
$599,800 Zestimate®
$--/sqft
$-- HOA
What's special
Renovated studio quadruplexHighly desirable lotGreen spaceKid-friendly amenities
- 95 days |
- 153 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Chaz Jenkins,
HomeSmart 470-485-5483
Source: FMLS GA,MLS#: 7742377
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
Heating
- Heat Pump
Cooling
- Heat Pump
Features
- Flooring: Vinyl
- Windows: None
Video & virtual tour
Property
Parking
- Parking features: Driveway, Varies by Unit
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: No Dock
- Fencing: None
- Has view: Yes
- View description: City, Park/Greenbelt
- Waterfront features: Pond
- Body of water: None
Lot
- Size: 5,680 Square Feet
- Features: Corner Lot
Details
- Parcel number: 14 008300011842
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Brick
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: Park
- Security: None
- Subdivision: Vine City
HOA
- Has HOA: No
Location
- Region: Atlanta
Financial & listing details
- Annual tax amount: $5,444
- Date on market: 3/26/2026
- Cumulative days on market: 95 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
$599,800
$570,000 - $630,000
$1,645/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Listed for sale | $650,000+528% |
Source: | ||
| 8/18/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/13/2023 | Price change | $1,400-5.7% |
Source: Zillow Rentals Report a problem | ||
| 3/3/2023 | Listed for rent | $1,485 |
Source: Zillow Rentals Report a problem | ||
| 2/27/2017 | Sold | $103,500+4.5% |
Source: Agent Provided Report a problem | ||
| 1/27/2017 | Pending sale | $99,000 |
Source: JOY EVANS REALTY LLC #8124506 Report a problem | ||
| 1/25/2017 | Listed for sale | $99,000 |
Source: JOY EVANS REALTY LLC #8124506 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Vine City
Nearby schools
GreatSchools rating
- 4/10Michael R. Hollis Innovation AcademyGrades: PK-8Distance: 0.3 mi
- 2/10Booker T. Washington High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: M.R. Hollis Innovation Academy
- Middle: M.R. Hollis Innovation Academy
- High: Booker T. Washington
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Georgia
- Fulton County
- Atlanta
- 30314
- Vine City
- 235 Walnut St NW








