561 Formwalt Street SW Unit 5

Atlanta, GA, 30312

$117,500

2 Beds

1 Baths

0 SqFt

0.01 Acres

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Location! REDUCED MOTIVATED SELLER AND $10,000 towards downpayment with the help of the $10,000 Homebuyer Access grant as a primary residence purchase. The unit is currently rented for 1250 to a long-term tenant. It is very easy to find new tenants or increase rent. Also, it can be bought as a package with two other units in the same building. Additional Unit 8 (mls 7491868) is rented for 1250. There is no Seller Disclosure as the seller has not lived there.

Property Details

Price:

$117,500

MLS #:

7637744

Status:

Active

Beds:

Baths:

Type:

Condo

Subtype:

Condominium

Subdivision:

Capitol City Square

Listed Date:

Aug 23, 2025

Total Sq Ft:

583

Year Built:

1961

Capitol 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, Electric Oven, Microwave

Bathrooms

1 Full Bathroom

Cooling

Central Air

Flooring

Hardwood

Heating

Central

Laundry Features

In Hall

Exterior

Architectural Style

Contemporary, Modern

Community Features

None

Construction Materials

Brick 4 Sides

Exterior Features

Private Yard

Other Structures

None

Parking Features

On Street, Parking Lot

Roof

Shingle

Security Features

None

Financial

HOA Fee 2

$399

HOA Includes

Maintenance Grounds, Maintenance Structure, Pest Control, Reserve Fund, Security, Sewer, Termite, Trash

Tax Year

2024

Taxes

$2,473

Map

Community

Address561 Formwalt Street SW Unit 5 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 Oct 12, 2025

1,881

Condo Listed

Avg DOM

388

Avg $ / SqFt

$439,332

Avg List Price

Property Summary

Located in the Capitol City Square subdivision, 561 Formwalt Street SW Unit 5 Atlanta GA is a Condo for sale in Atlanta, GA, 30312. It is listed for $117,500 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 $388. The average listing price for Condo in Atlanta is $439,332.

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Courtesy of Dalton Wade, Inc.. 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 5

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	1,477	174	$393,149	$384,427	97.6%	-1.6%	75	$113
Adairsville	209	57	$337,787	$328,710	97.6%	2.6%	82	$104
Albany	12	13	$71,603	$70,620	92.8%	12.4%	131	$53
Alma	1	0	$118,500	$115,000	97.0%	6.6%	322	$0
Alpharetta	2,365	316	$714,398	$684,970	97.2%	2.0%	76	$143
Alto	27	8	$336,205	$330,144	97.7%	3.2%	82	$132
Americus	2	1	$217,500	$200,000	90.5%	6.3%	24	$113
Aragon	55	10	$289,367	$281,333	95.3%	3.8%	100	$104
Armuchee	15	11	$354,922	$350,235	96.9%	8.2%	88	$97
Arnoldsville	3	1	$223,750	$191,250	84.7%	11.6%	160	$106
Athens	193	48	$382,266	$372,186	97.1%	2.4%	79	$121
Atlanta	12,955	1,635	$405,186	$394,808	97.9%	-2.6%	76	$127
Auburn	355	97	$373,301	$364,331	97.9%	-0.5%	88	$104
Augusta	14	15	$181,229	$179,067	96.5%	7.0%	98	$67
Austell	481	166	$244,101	$242,130	98.6%	2.8%	72	$89
Avondale Estates	104	36	$486,611	$480,927	99.0%	2.4%	67	$149
Bainbridge	3	0	$147,267	$146,667	82.6%	0.0%	49	$40
Baldwin	11	8	$289,097	$280,083	92.3%	2.3%	98	$65
Ball Ground	337	77	$505,421	$494,986	97.6%	-3.7%	106	$137
Barnesville	13	10	$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	22	11	$834,030	$823,458	98.5%	3.2%	64	$135
Bethlehem	284	47	$355,423	$345,294	97.8%	1.6%	88	$96
Big Canoe	134	67	$543,973	$521,506	93.0%	7.0%	146	$163
Bishop	14	11	$676,503	$664,003	97.8%	-0.6%	84	$187
Blairsville	68	59	$361,259	$341,205	93.5%	3.5%	107	$133
Blakely	1	1	$189,900	$159,900	84.2%	-26.6%	56	$0
Bloomingdale	1	0	$445,000	$435,000	97.8%	5.1%	104	$0
Blue Ridge	107	89	$633,369	$604,199	94.6%	6.2%	137	$261
Bogart	49	7	$519,856	$504,824	97.0%	1.0%	124	$113
Bonaire	58	22	$318,709	$313,479	98.3%	0.8%	127	$91
Bowdon	42	30	$257,178	$252,649	97.8%	1.8%	95	$95
Bowersville	1	1	$229,900	$205,000	89.2%	0.0%	91	$128
Bowman	2	6	$174,950	$159,000	90.9%	1.4%	100	$42
Braselton	527	59	$489,200	$476,385	98.3%	1.9%	85	$112
Bremen	156	64	$318,881	$309,786	96.3%	2.3%	89	$78
Brookhaven	513	159	$566,977	$555,839	98.2%	1.9%	68	$163
Brooks	10	3	$676,213	$659,375	97.9%	3.4%	72	$83
Brunswick	2	2	$80,000	$72,500	94.0%	0.0%	23	$0
Buchanan	71	29	$288,602	$283,307	97.7%	0.6%	97	$105