561 Formwalt Street SW Unit 10

Atlanta, GA, 30312

$138,500

2 Beds

1 Baths

0 SqFt

0.01 Acres

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Prime investment opportunity or perfect for first time buyer in the heart of Atlanta! This unit is one of the larger floor plans, a corner unit, and on the second floor. 2-bedroom, 1-bathroom condo has been updated and is ready to generate immediate rental income or move in ready for first time buyer! Key upgrades include EV charger, a new conduction stove, new refrigerator, newer water heater, fresh paint throughout, and an updated kitchen. The bathroom has been modernized with a new vanity and toilet, and the shower was resurfaced in 2024. The HVAC system has been regularly maintained, ensuring lower maintenance costs for the new owner. This condo qualifies for Invest Atlanta Down Payment grants, up to $20,000!
Just two miles from major attractions like State Farm Arena, Mercedes-Benz Stadium, Summerhill, and GSU Arena, this unit offers excellent appeal for buyers looking for proximity to downtown entertainment, dining, and transportation hubs. VA, Cash, Conventional accepted.

Property Details

Price:

$138,500

MLS #:

7666406

Status:

Active

Beds:

Baths:

Type:

Condo

Subtype:

Condominium

Subdivision:

Capitol City Square

Listed Date:

Oct 31, 2025

Total Sq Ft:

620

Year Built:

1961

Parking TotalCapitol City SquarePaul L. DunbarMartin L. King Jr.Maynard JacksonNone

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Schools

Elementary School:

Paul L. Dunbar

Middle School:

Martin L. King Jr.

High School:

Maynard Jackson

Interior

Appliances

Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer

Bathrooms

1 Full Bathroom

Cooling

Central Air

Flooring

Hardwood

Heating

Central

Laundry Features

Laundry Closet, Main Level

Exterior

Architectural Style

Contemporary, Modern

Community Features

None

Construction Materials

Brick 4 Sides

Exterior Features

Balcony, Courtyard

Other Structures

None

Parking Features

On Street, Parking Lot

Parking Spots

Roof

Shingle

Security Features

Fire Alarm

Financial

HOA Fee

$330

HOA Fee 2

$330

HOA Frequency

Monthly

HOA Includes

Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Reserve Fund, Sewer, Termite, Trash, Water

Initiation Fee

$1,000

Tax Year

2023

Taxes

$524

Map

Community

Address561 Formwalt Street SW Unit 10 Atlanta GA
SubdivisionCapitol City Square
CityAtlanta
CountyFulton – GA
Zip Code30312

Subdivisions in Atlanta

Market Summary

Current real estate data for Condo in Atlanta as of Nov 02, 2025

1,826

Condo Listed

Avg DOM

303

Avg $ / SqFt

$439,243

Avg List Price

Property Summary

Located in the Capitol City Square subdivision, 561 Formwalt Street SW Unit 10 Atlanta GA is a Condo for sale in Atlanta, GA, 30312. It is listed for $138,500 and features 2 beds, 1 baths, and has approximately 0 square feet of living space, and was originally constructed in 1961. The average price per square foot for Condo listings in Atlanta is $303. The average listing price for Condo in Atlanta is $439,243.

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Courtesy of HomeSmart. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Atlanta, GA MLS. Detailed information about real estate listings held by brokerage firms other than Area Realty include the name of the listing broker. Neither the listing company nor Area Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Atlanta, GA. All rights reserved.

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561 Formwalt Street SW Unit 10

Atlanta, GA

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City	Num Sold Listings	Num Active Listings	Avg Listing Price	Avg Selling Price	Selling % of Asking	Avg Price Reduction	Avg Days on Market	Avg Price per SqFt
Acworth	1,445	171	$390,428	$382,576	97.7%	-2.4%	75	$108
Adairsville	196	54	$342,137	$333,592	97.7%	2.4%	80	$100
Albany	11	16	$72,923	$71,744	91.3%	5.7%	111	$51
Alma	1	0	$118,500	$115,000	97.0%	6.6%	322	$0
Alpharetta	2,305	310	$699,157	$669,714	97.4%	1.8%	75	$133
Alto	26	8	$321,797	$315,232	97.1%	3.0%	79	$122
Americus	2	0	$217,500	$200,000	90.5%	6.3%	24	$113
Aragon	55	10	$274,562	$266,834	95.5%	4.0%	100	$98
Armuchee	14	12	$326,431	$324,798	97.0%	8.2%	84	$97
Arnoldsville	3	1	$223,750	$191,250	84.7%	11.6%	160	$106
Athens	197	48	$378,101	$368,167	97.2%	2.4%	81	$114
Atlanta	12,656	1,672	$385,734	$376,085	98.1%	-3.3%	74	$117
Auburn	356	92	$365,424	$358,427	98.6%	-0.8%	84	$99
Augusta	16	15	$174,922	$170,548	95.6%	5.0%	98	$58
Austell	472	154	$246,702	$244,869	98.6%	2.6%	71	$81
Avondale Estates	106	34	$483,801	$476,446	99.0%	2.8%	67	$144
Bainbridge	3	0	$147,267	$146,667	82.6%	0.0%	49	$40
Baldwin	12	5	$254,223	$229,448	89.4%	2.6%	103	$43
Ball Ground	334	78	$496,400	$483,288	97.1%	-4.0%	95	$132
Barnesville	13	12	$285,983	$276,042	94.3%	4.6%	91	$65
Baxley	1	0	$285,000	$280,000	98.2%	0.0%	100	$175
Berkeley Lake	25	8	$843,331	$829,098	98.5%	3.2%	69	$128
Bethlehem	275	47	$370,604	$359,108	97.6%	1.7%	88	$87
Big Canoe	132	63	$552,402	$529,959	92.8%	6.4%	137	$144
Bishop	13	11	$693,879	$678,714	97.5%	-0.6%	80	$150
Blairsville	69	48	$411,718	$392,151	94.4%	3.1%	94	$104
Blakely	1	1	$189,900	$159,900	84.2%	-26.6%	56	$0
Bloomingdale	1	2	$445,000	$435,000	97.8%	5.1%	104	$0
Blue Ridge	107	80	$689,792	$660,115	95.0%	5.6%	142	$236
Bogart	45	8	$522,672	$506,918	96.9%	1.1%	123	$112
Bonaire	58	22	$319,639	$315,877	98.5%	0.6%	127	$84
Bowdon	42	27	$295,951	$290,102	97.5%	2.1%	93	$104
Bowersville	1	2	$229,900	$205,000	89.2%	0.0%	91	$128
Bowman	2	6	$174,950	$159,000	90.9%	1.4%	100	$42
Braselton	512	55	$488,030	$475,081	98.3%	1.8%	83	$100
Bremen	147	63	$324,787	$314,633	96.4%	2.3%	91	$74
Brookhaven	502	150	$547,208	$536,272	98.2%	2.0%	68	$157
Brooks	9	4	$687,114	$669,286	97.8%	3.3%	74	$68
Brunswick	2	2	$80,000	$72,500	94.0%	0.0%	23	$0
Buchanan	70	28	$292,997	$287,037	97.4%	0.9%	98	$107