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$815,000
10819471 MLS
Fully Leased, Cash-Flowing Investment in One of Atlanta's Most Desirable Intown Neighborhoods Offered at $815,000, the property presents a rare opportunity to acquire a stabilized, cash-flowing asset in one of Atlanta's most supply-constrained and rapidly appreciating BeltLine neighborhoods. Fully leased with immediate cash flow, this turnkey investment opportunity in Ormewood Park offers stable in-place income in one of Atlanta's strongest long-term growth corridors. Located just 0.4 miles from the newly paved Atlanta BeltLine Southside Trail and within 0.5 miles of Glenwood Park's restaurants, coffee shops, breweries, fitness studios, and neighborhood retail, the property combines dependable current returns with exceptional long-term upside. A corporate-backed tenant has occupied the property continuously for the past three years and has historically renewed each term. Their continued interest in the home offers the next owner the potential for immediate, reliable income with limited vacancy exposure. Ormewood Park has consistently ranked among Atlanta's strongest appreciating intown neighborhoods, fueled by BeltLine expansion, continued redevelopment, and increasing demand from both homeowners and renters seeking walkable, amenity-rich communities. With the BeltLine now paved and easily accessible just minutes away, the property's location is well positioned to continue benefiting from one of Atlanta's most significant infrastructure investments. Current Lease Highlights Current Rent: $4,575/month ($54,900 annual gross rent) Lease Term: July 14, 2026 - July 13, 2027 Occupancy: Fully leased to four tenants under a single lease with joint and several liability. Tenant Responsibilities: Tenants pay all utilities and are responsible for routine interior upkeep and damages beyond normal wear and tear. Landlord Responsibilities: Professional landscaping, routine pest control, and major property maintenance. Financials are underwritten with actual property taxes, estimated insurance, landscaping, and pest control, along with conservative replacement reserves and maintenance allowances. The property is currently self-managed, resulting in a projected 5.04% cap rate at the asking price. Whether you're completing a 1031 exchange, expanding an Atlanta rental portfolio, or acquiring a low-maintenance investment with proven tenant demand, 585 Warwick offers an increasingly rare combination of stable in-place income, a proven leasing history, and a premier intown location. While the property provides immediate cash flow today, its proximity to the Atlanta BeltLine and Glenwood Park positions investors to benefit from continued rent growth, long-term appreciation, and sustained tenant demand for years to come.

585 Warwick Street SE, Atlanta

Listing courtesy of Keller Knapp, Inc.

$620,000
3 Beds ⋅ 2 Baths ⋅ 10779250 MLS
Tucked between Glenwood Park and East Atlanta Village, this charming bungalow puts you right in the middle of everything - without feeling like it. Inside, you'll find 2 bedrooms, 2 bathrooms, and a versatile upstairs loft that works equally well as a bedroom, office, or flex space. The front porch sets the tone - inviting, relaxed, the kind of spot you actually use. Out back, a great yard gives you room to entertain or just exhale. The eat-in kitchen is updated and functional, with enough space to cook for yourself or host a crowd. Off-street parking and a smart layout make everyday living easy. Steps from the restaurants, shops, and energy of EAV and Glenwood Park - two of Atlanta's most beloved neighborhoods in one location.

470 Florida Avenue SE, Atlanta

Listing courtesy of Keller Williams Realty.

$599,900
3 Beds ⋅ 2 Baths ⋅ 10775030 MLS
Nestled in the heart of Ormewood Park just a few blocks from the newly opened Eastside Atlanta Beltline, this charming home combines comfort, functionality, and exceptional outdoor living. The flexible floor plan includes an option for primary suite on main or enjoy a private upstairs owner's retreat with balcony views overlooking the peaceful, beautifully landscaped backyard. Two additional bedrooms, a second full bath, spacious living room, and separate office are located on the main level. The bright kitchen offers abundant counter space, updated soft-close cabinetry with pull out drawers and spice rack, quartz counters, a custom dining nook with built-in storage, and direct access to the deck for easy indoor-outdoor entertaining. Outside, the deep, private backyard is a true retreat, professionally landscaped with cottage garden charm. A recently rebuilt detached one-car garage provides additional storage and parking, with a level driveway for 2+ cars. Lovingly maintained and updated, this move-in ready home features a newer roof with transferable warranty, recently painted exterior, encapsulated crawlspace, recent HVACs and water heater, newer double-pane windows with screens, fresh indoor paint, and a new low-maintenance composite deck for grilling and entertaining. An easy walk to the newly opened Atlanta Beltline Eastside segment, Ormewood Square's restaurants and ice cream shop, and the dining, nightlife, and live music of East Atlanta Village. Convenient to downtown Atlanta and ATL Airport. This home offers THE BEST of intown living!

942 Gilbert Street SE, Atlanta

Listing courtesy of HomeSmart.

$810,000
3 Beds ⋅ 3 Baths ⋅ 10770348 MLS
NEAR NEWLY OPENED SECTION OF BELTLINE! Beautiful Ormewood Park Craftsman built in 2007 boasts a large professionally landscaped fenced yard! The long driveway for off street parking leads to a welcoming wraparound front porch. Enter the front door to view an open concept living space and great room with a gas fireplace, hardwoods, and coffered ceilings. The updated eat-in kitchen with stainless appliances and a walk-in pantry, also leads to a screened-in porch overlooking the backyard and an outbuilding with electricity. The main floor also has a small room perfect for an office nook or playroom. The upper level offers a master retreat with a private screened-in porch, as well as two large secondary rooms and a wonderful laundry room. Tons of attic storage. New roof in Spring of 2026. Great location and easy walk to the beltline and Glenwood Park.

1018 Berne Street SE, Atlanta

Listing courtesy of BHHS Georgia Properties.

$435,000
2 Beds ⋅ 1 Baths ⋅ 10735829 MLS
Ormewood Park only Steps from the Beltline! Charmingly Renovated 2-bedroom 1-bath Bungalow with a Quant Front Poch features a Spacious Living Room and a Large Eat-In Kitchen, with an Open Floor Plan that Flows Seamlessly Between the Living, Dining, Laundry and Outdoor Spaces. The Kitchen is Equipped with Top-of-the-Line Stainless Steel Appliances. The home has been Thoughtfully Updated with Sustainable Bamboo Flooring, Energy-Efficient Double-Pane Windows, a recently Renovated Bathroom, and Fresh Exterior Paint. Step Outside from the kitchen onto a Charming Back Deck overlooking a Lush, Wooded Backyard with a Sparking Stream and a Footbridge leading to a Storage Shed. The Yard is Large, Fenced, and Private, Ideal for Relaxing and/or Entertaining. Off-Street Parking includes space for Two Vehicles plus an Additional Parking Pad. Ideally located just Minutes from Glenwood Park, Madison Yards, Edgewood, Zoo Atlanta, East Atlanta Village, and Grant Park. Enjoy Walkable Access to Local Restaurants, Shops, and Entertainment

989 Ormewood Avenue SE, Atlanta

Listing courtesy of HomeSmart.

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