Exceptional Value-Add Multifamily Investment Opportunity... We're excited to present this rare 4-unit multifamily property with a separate storage building that once was a 5th unit. located in a prime, high-demand area just off the town's main thoroughfare. Currently, all 4 units are rented, generating $3,125/month in rental income. A potential 5th unit, if leased, is projected to bring in an additional $750/month-pushing total potential income to $3,875/month. The owner pays utilities for the 4 units in the main building. 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: 4-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.
Pending
$185,000
622 W Poplar St, Griffin, GA 30224
6beds
4baths
--sqft
Est.:
Multi Family, Quadruplex
Built in 1966
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 20 days
- on Zillow |
- 355 |
- 41 |
Zillow last checked: 7 hours ago
Listing updated: May 16, 2025 at 11:21am
Listed by:
Jared Cordova 678-458-9418,
Keller Williams Southern Premier RE
Source: GAMLS,MLS#: 10518811

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Other
Cooling
- None, Window Unit(s)
Features
- Basement: Crawl Space
- Has fireplace: No
Property
Parking
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.38 Acres
Details
- Parcel number: 024 02013
- Special conditions: As Is,Investor Owned,No Disclosure,Rental
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Materials
- Block, Brick, Wood Siding
Condition
- Resale
- New construction: No
- Year built: 1966
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Billing Prorated, Gas Billing Prorated, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: None
HOA
- Has HOA: No
- Services included: None
Location
- Region: Griffin
Financial & listing details
- Tax assessed value: $227,470
- Annual tax amount: $3,510
- Date on market: 5/9/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional
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