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5 Beds
3 Baths
2,127 sqft

$349,000

536 Elmwood Road NW, Atlanta GA, 30318

Price per sqft$164.08
Built in1940
Property size2,127 sqft
Property typeResidential

Overview

Active

Listed Sep 21, 2026

Updated 12h ago

UNMATCHED VALUE and versatility in up-and-coming Grove Park! Zoned multi-family on a massive lot, this turnkey opportunity is priced to sell at $349,000. This fully renovated duplex delivers 5 bedrooms and 3 full bathrooms across two independent units sitting on an expansive 0.43-acre lot. Boasting a rare DOUBLE-FOOTPRINT compared to typical area parcels, this oversized lot represents a dream opportunity for both traditional homebuyers and investors alike. Recently updated from top-to-bottom with new appliances and modern finishes, this property offers incredible lifestyle and income options: * SMART HOMEOWNERSHIP ("HOUSE HACK"): Live in the spacious 3-bed, 2-bath unit and rent out the 2-bed, 1-bath suite to heavily offset your mortgage. * MULTIGENERATIONAL LIVING: Perfectly configured to keep family close, use the lower level as a private, independent "mother-in-law" suite. * PURE INVESTMENT / DEVELOPMENT: Take advantage of the rare R-5 multi-family zoning. Keep it fully occupied as a high-yield duplex generating exceptional immediate cash flow (85% government subsidized), or capitalize on the massive footprint to build additional income units, an ADU, or expand the existing structure for MAXIMUM DENSITY and equity growth. Both light-filled units feature tiled flooring and separate utility meters for effortless management. Tenants and owners will love the shared access to an enormous backyard perfect for outdoor relaxation. Conveniently located to West Midtown, Downtown Atlanta, Georgia Tech, and Mercedes-Benz Stadium with easy access to public transit for an effortless city commute. Nature lovers and outdoor enthusiasts will enjoy immediate proximity to Shirley Clarke Franklin Park (formerly Westside Park)-Atlanta's largest park with a massive reservoir and scenic city skyline views, located just 1 mile from the property. This HIGH-DEMAND LOCATION positions buyers perfectly for long-term appreciation and quality occupancy. SHOWING DETAILS: Unit A is occupied; there is a lockbox on-site for Unit B only. Unit A showings require a scheduled appointment. Broker will provide access. DISCLAIMER: Interior photos in this listing have been virtually enhanced using artificial intelligence (AI) to illustrate the rooms' potential. These images are for illustrative purposes only and may not reflect the property's current condition, finishes, furnishings, or layout. Buyers are encouraged to view the property in person to verify its actual features and condition.

$2,322/mo

Est. mortgage payment based on a $349,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
10850049

Interior Features

Bedrooms
5
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.4 Acres

Other Property Details

Taxes
$2,747
Tax Frequency
Annually
Association Fee Frequency
Yearly

Listed with Urban Key Realty

Based on information from Georgia MLS as of 10/7/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2026 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed. 

Data last updated 5:56 AM UTC, 10/7/2026

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