Rare Intown Atlanta Development Opportunity in the Heart of Old Fourth Ward! Located at 479 Old Wheat Street NE, this Residential Lot offers a unique opportunity to build a Single-Family Home in one of Atlanta's most sought-after and rapidly evolving neighborhoods. Surrounded by a mix of Historic Charm, Modern Townhomes, Luxury Residences, and Commercial Development, this property sits just moments from the Atlanta BeltLine, Krog Street Market, Ponce City Market, Inman Park, Reynoldstown, Sweet Auburn, and Downtown Atlanta. Enjoy unparalleled access to some of the city's most popular Dining, Shopping, Entertainment, Parks, and Employment Centers, along with convenient connectivity to MARTA, I-75/I-85, and I-20. Positioned in an area experiencing continued growth and investment, this homesite offers the rare opportunity to create a custom residence in a premier Intown location while honoring the character and architectural fabric that make Old Fourth Ward so special. Adding to the appeal, the property includes Approved Plans designed to streamline the development process and help accelerate the path toward permitting and construction, offering a significant advantage for buyers ready to bring their vision to life. With Public Water and Sewer available and surrounded by ongoing redevelopment, this is a rare chance to secure a piece of real estate in one of Atlanta's most vibrant urban corridors. Whether you're looking to move forward with a planned project, build your dream home, or hold for future appreciation, opportunities in locations like this are becoming increasingly difficult to find. For investors, the property may also present attractive tax planning opportunities, including potential benefits associated with land improvements and current bonus depreciation provisions. Buyers should consult their tax advisor regarding eligibility and application based on their individual circumstances. This may be especially appealing for those seeking to redeploy capital gains into a tangible asset in one of Atlanta's fastest-growing Intown neighborhoods.
Active
Price cut: $10K (9/8)
$339,900
479 Old Wheat St NE, Atlanta, GA 30312
--beds
--baths
1,045Square Feet
Unimproved Land
Built in ----
1,045 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Surrounded by ongoing redevelopment
- 128 days
- 113
- 6
Zillow last checked:
Listing updated:
Listed by:
Justin Landis 404-860-1816,
Bolst,
Ashton Ernst 770-298-1013,
Bolst
Source: GAMLS,MLS#: 10778527
Facts & features
Property
Features
- Body of water: None
Lot
- Size: 1,045 Square Feet
- Features: Level, Private
- Residential vegetation: Cleared
Details
- Parcel number: 14 004600121316
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Community
- Features: Sidewalks, Street Lights, Near Public Transport, Walk To Schools, Near Shopping
- Subdivision: Old Fourth Ward
HOA
- Has HOA: No
Location
- Region: Atlanta
Financial & listing details
- Tax assessed value: $168,500
- Annual tax amount: $2,757
- Date on market: 6/4/2026
- Cumulative days on market: 129 days
- Listing agreement: Exclusive Right To Sell
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2026 | Price change | $339,900-2.9% |
Source: | ||
| 8/17/2026 | Price change | $349,900-2.8% |
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| 8/4/2026 | Price change | $359,900-2.7% |
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| 7/20/2026 | Price change | $369,900-2.6% |
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| 7/7/2026 | Price change | $379,900-2.6% |
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| 6/16/2026 | Price change | $389,900-2.5% |
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| 6/4/2026 | Listed for sale | $399,900+433.2% |
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| 8/1/2025 | Sold | $75,000-6.3% |
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| 7/28/2025 | Pending sale | $80,000 |
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| 6/2/2025 | Listed for sale | $80,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,757 -0.1% | $67,400 |
| 2024 | $2,759 +28.3% | $67,400 |
| 2023 | $2,150 -21.2% | $67,400 |
| 2022 | $2,728 +60.5% | $67,400 -30.3% |
| 2021 | $1,700 -2.1% | $96,720 +130.5% |
| 2020 | $1,737 +0.3% | $41,960 +1.7% |
| 2019 | $1,733 | $41,240 +2.4% |
| 2018 | $1,733 | $40,280 +59.8% |
| 2017 | $1,733 +50.2% | $25,200 -0.2% |
| 2016 | $1,153 +0.1% | $25,240 |
| 2015 | $1,153 +0.7% | $25,240 |
| 2014 | $1,144 +138.4% | $25,240 -21.1% |
| 2013 | $480 -0.7% | $32,000 +194.1% |
| 2012 | $483 -44.6% | $10,880 -44.9% |
| 2010 | $873 -45.5% | $19,760 -45.1% |
| 2009 | $1,600 | $35,960 |
| 2008 | -- | $35,960 +13.9% |
| 2007 | $332 | $31,560 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Old Fourth Ward
Nearby schools
Schools provided by the listing agent
- Elementary: Hope Hill
- Middle: David T Howard
- High: Midtown
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







