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For sale

$373,000

Price cut $2,000

Est. monthly cost

$2,384/mo

56 Ormond Street SE, Atlanta, GA 30315

Listing by Mark Spain Real Estate

Beds
5
Baths
1
Sq ft
1,503
Lot
4,008 sqft

About this home

Excellent income-producing investment opportunity near Grant Park and Georgia State University. This 5-bedroom rooming house features private tenant rooms with shared common areas including a kitchen, dining room, and bathroom. Tenants are already in place, providing immediate rental income for investors. Conveniently located near downtown Atlanta, public transportation, restaurants, shopping, and major highways. Strong rental demand in the area makes this property ideal for student housing, workforce housing, or long-term investment potential. A great opportunity to own a cash-flowing property in a growing in-town location. All Offers Will be Considered by Seller!!

Type
Single Family Residence
Year built
1920
Price per sq ft
$248
HOA
None
Garage
—
Property tax (2025)
$4,327/yr
Listed
—
MLS #
10767668

Features

Single story

Appliances

Refrigerator

Exterior

Other

Heating

Central

Cooling

Central Air

Flooring

Other

View

City

Lot

Level

Property details

Interior

Bedrooms on main level:
5
Primary bedroom on main:
Yes
Laundry:
Common Area
Levels:
One

Exterior and lot

Lot size:
0.09 acres
Fencing:
Back Yard
Other structures:
Other
Waterfront features:
No Dock Or Boathouse

Construction

Architectural style:
Bungalow/Cottage
Construction materials:
Other
Roof:
Other
Foundation:
Slab
Property condition:
Resale

Utilities

Sewer:
Public Sewer
Water source:
Public
Utilities:
Cable Available, Electricity Available, Sewer Available, Water Available

Parking

Parking total:
2
Parking features:
Off Street

Community and HOA

HOA:
No

Taxes and financial

Annual tax amount:
$4,327 (2025)
Special listing conditions:
As Is

Monthly cost

Estimated monthly cost

$2,384/mo

Principal & interest
$1,837
Property taxes
$361
Home insurance
$187

$74,600

Estimate only. Taxes use the listing's most recent figure where available; insurance assumes 0.6% of price per year, typical for the area, not including flood cover. Mortgage insurance applies below 20% down.

Price & status history

DateEventPrice
Nov 11, 2026Relisted$373,000
Nov 10, 2026Status: For sale$373,000
Nov 3, 2026Status: Pending$373,000
Oct 8, 2026Listed for sale$375,000

Schools

  • Parkside

    Elementary

  • King

    Middle

  • MH Jackson Jr

    High

School assignments can change — verify with the district before you buy.

Location

Listing information

Listing office:
Mark Spain Real Estate
Listing ID:
10767668
Status:
For sale

Source: Georgia MLS · Updated 4m ago · Nov 12, 2026, 8:45 PM ET

Georgia MLS

Listings courtesy of Georgia MLS. Listing information © 2026 Georgia MLS. All rights reserved. Each listing names its listing firm.

© 2026 Georgia MLS. All rights reserved. Information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by GAMLS. Last updated Nov 12, 2026, 8:45 PM ET

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