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507 W Main St

Forsyth, GA 31029

– beds
– baths
– sqft
~3/4 acre lot
1940 build
– on site

Here is your opportunity to own an incoming producing property in a great workforce market in Forsyth, GA. There are 2 duplexes with a history of strong cash flow. All units have been remodeled, except for Unit B-which is currently vacant and ready for finishing touches. Bldg 1 built in 1940; Bldg 2 built in 2008. You can purchase a multi-unit property with 2 to 4 units (duplex, triplex, or fourplex) using a standard FHA 203(b) loan. Requirement: You must occupy one of the units as your primary residence for at least one year. Benefit: This allows you to generate rental income from the other units, potentially offsetting your mortgage payments. Low Down Payment: You can make a down payment as low as 3.5% if your credit score is 580 or higher. A 10% down payment is required for credit scores between 500-579. Flexible Credit Requirements: FHA loans generally have more lenient credit requirements compared to conventional loans. Please do not disturb the tenants.

Listing courtesy of GAMLS / Darlena Smithson / Lifestyles Realty Georgia, Inc

Last checked: Checking… • Last updated Jun 24, 2025 •

MLS# 10550216 —

The Building

Year Built:

1940
Construction Materials:

Wood Siding
Structure Type:

Quadruplex
# of Units Total:

4
Unit:

1&2
Levels:

Two
Basement:

None

Financial & Terms

Possession:

Negotiable
Owner Pays:

Other

Location

Latitude:

33.033627
Longitude:

-83.955953

The Property

Property Type:

Residential Income
Property Condition:

Updated/Remodeled
Lot:

6
Lot Size Acres:

0.77
Lot Size Source:

Public Records
Parcel Number:

F07 027B
Land Lot:

150

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

$776.44

Heating & Cooling

Heating:

Central
Cooling:

Central Air

Utilities

Utilities:

Electricity Individual Meters
Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Hubbard
Elementary Bus:

Yes
Middle School:

Other
Middle School Bus:

Yes
High School:

Mary Persons
High School Bus:

Yes

The Community

Subdivision:

None
Community Features:

None
Association:

No
Association Fee Includes:

None

Parking

Parking Features:

Assigned, Carport, Off Street, Parking Pad

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
6/24/25 Jun 24, 2025	Listed / Active	GAMLS	$349,000

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This multifamily located in Forsyth, GA 31029 is currently for sale for $349,000. 507 W Main St is a – square foot multifamily with – beds and – baths that has been on Estately for 6 days. This multifamily is in the attendance area of Mary Persons High School, Banks Stephens Middle School, and Samuel E. Hubbard Elementary School.

Listing Courtesy of: GAMLS and Lifestyles Realty Georgia, Inc.

© 2025 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. GAMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.