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List Price $1,439,000
Units 12
Price / Unit $119,917

High-demand multifamily opportunity in Canton, GA

Properties with strong cash flow potential in this market typically receive multiple offers quickly.

350 Herndon Lane Canton, GA 30114
FMLS Data last updated: July 25, 2026 at 12:24 AM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
350 Herndon Lane located in the fast growing City of Canton, Cherokee County, Georgia. Situated just south of the Canton Historic District and in close proximity to I-575. The property features two-standalone buildings with six units per building. Unit mix per building is three, 1 bed / 1 bath units on the lower level and three, 2 bed / 2.5 bath units on the upper level. Units are master metered for water, separately for electric. Value add opportunity to increase the reimbursement for water or install usage devices, or separately meter the units. Historical occupancy has been 100% with present occupancy is 91.6%. One unit recently vacated due to job relocation. This asset is located within the prime Canton Market, which has experienced substantial growth over the past decade. Average Household income reported over $102,000 within a three-mile radius. Strong rental market with roughly 52% of households being leased and projected to grow over the next 5 years. Please inquire with listing agent for financials and additional information. Interior inspections allowed ONLY during due diligence period. Don’t hesitate to connect with any questions or need further details.
Investment Context for Canton Multifamily:
  • Located in the Canton, GA area with access to regional employment centers
  • Typical value-add potential through professional management and improvements
  • Multifamily rental demand varies by submarket — local verification recommended
  • Cash flow performance depends on occupancy, expenses, and market conditions
PROFESSIONAL INVESTMENT ANALYSIS

Modeled using FMLS data + Atlanta market benchmarks

Price per Unit $119,916.67 Verified
Est. Cap Rate 📊 Cap Rate Modeled
Est. Gross Income 📊 Gross Modeled
Est. NOI Estimated
Est. Year 1 Cash Flow after estimated debt service 📊 Cash Flow Modeled
✅ Confidence scores included ✅ Latest FMLS data ✅ Transparent modeling
CASH FLOW PROJECTION TOOL

Adjust assumptions to see personalized 5-year projections (Using market-based estimate)

Year 1 NOI $0
Year 1 Cash Flow $0
Year 1 Cash-on-Cash 0%
Est. Year 5 Property Value $0
Total 5-Year Cash Flow $0
* These are estimates based on available listing data and Atlanta metro market benchmarks. Detailed seller financials were not provided, so NOI was modeled conservatively. Always verify all numbers independently and consult your own professionals before making investment decisions.
SIMILAR INVESTMENT OPPORTUNITIES

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IMPORTANT INVESTMENT DISCLAIMER
Important Investment Information

All financial estimates (NOI, Cap Rate, Cash Flow, Year 5 projections, etc.) are modeled using Atlanta metro market benchmarks combined with available FMLS listing data.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7717819 • Listing courtesy of JLA Real Estate Services, Chris McDuffie • 678-686-3589

IDX Information Provided by Jeff Crowe • jeffcrowe@c21theavenues.com
FMLS • Updated Daily • Investor Analyzed