622 W Poplar Street
Griffin, GA 30224
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1966 build
- – on site
Exceptional Value-Add Multifamily Investment Opportunity... We're excited to present this rare 5-unit multifamily property located in a prime, high-demand area just off the town's main thoroughfare. Currently, 4 of the 5 units are rented, generating $3,125/month in rental income. The vacant unit, once leased, is projected to bring in an additional $750/month-pushing total potential income to $3,875/month. Owner pays utilities on 4 of the 5 units. This property offers significant upside potential. While the building and a few units need improvements, the asking price reflects these needed renovations, making it a strong value-add play. With strategic upgrades, there's ample opportunity to increase rents and reposition this property into a high-performing income asset. Ideally situated within walking distance to restaurants, shops, and amenities, the location enhances tenant demand and long-term investment appeal. Key Highlights: 5-unit multifamily in a prime location $3,125/month current income with upside to $3,875+. Strong rental demand area near town center. Below-market asking price due to renovation needs. Significant potential for rent increases and appreciation. Please note: Do not disturb tenants. Showings available only with an executed contract.
Last checked:
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Last updated May 12, 2025
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MLS# 10518811 —
The Building
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Year Built:1966
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Construction Materials:Block, Brick, Wood Siding
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Structure Type:Multi Family (5+ Units)
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# of Units Total:5
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Levels:Two
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Basement:Crawl Space
Financial & Terms
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Possession:Close Of Escrow
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Owner Pays:Electricity, Gas, Sewer, Water
Location
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Latitude:33.245701
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Longitude:-84.273205
The Property
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Property Type:Residential Income
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Property Condition:Resale
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Lot Size Acres:0.38
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Lot Size Source:Public Records
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Parcel Number:024 02013
Listing Agent
- Contact info:
- Agent phone:
- (770) 228-7653
- Office phone:
- (770) 228-7653
Taxes
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Tax Year:23
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Tax Annual Amount:$3,510.68
Heating & Cooling
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Heating:Other
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Cooling:None, Window Unit(s)
Utilities
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Utilities:Electricity Billing Prorated, Gas Billing Prorated, Sewer Connected
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Anne Street
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Middle School:Rehoboth Road
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High School:Griffin
The Community
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Subdivision:None
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Community Features:None
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Off Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/9/25
May 9, 2025
|
Listed / Active | GAMLS | $185,000 |
