Multifamily

2158 Broad Street

Commerce, GA 30529

Location

2158 Broad Street, Commerce GA 30529

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List Price$749,900
3 Units$249,967 per unit
Published yieldsYields UnpublishedRent coverage 67% — yields unpublished
Value-add: water recoveryListing evidence · class C
Rents2 / 3 units
Who paysWater owner · Elec tenant · Gas tenant · Trash tenant · 1 units unknown
OccupancyNot in remarks
FinancialsMLS GI/NOI empty · Tax $3,782 (2025)

Not enough FMLS financials to publish cap, cash-on-cash, or DSCR in the hero. Use the calculator as a modeled scenario and request the rent roll / T-12.

Property Financials

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Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7797432
Listing Provided By Modern Heart Realty · 706-330-4168
Description

Property Description

(Triplex - (2) 1 bed, 1 bath units and (1) 3 bed, 2 bath unit. Total of 4,166 sq. ft.) Rare opportunity in the heart of Downtown Commerce. This fully renovated triplex blends historic character, modern updates, and income-producing potential in one of Commerce's most convenient locations. This property was thoughtfully renovated from the inside out, with no corner overlooked - from brand-new insulation and sheetrock to updated wiring, kitchens, flooring, fixtures, and finishes throughout. The renovation gives the home a fresh, modern feel while still honoring its history, with many original details carefully preserved and reused to keep the character and charm intact. The layout offers two one-bedroom units on the main level and a spacious three-bedroom unit upstairs, creating flexibility for an investor, owner-occupant, or house-hacker looking to live in one unit while the others help offset expenses. Each unit features updated finishes and functional living space, while four separate power meters make utility tracking simple and clean. The property also includes shared laundry downstairs, with additional laundry hookups upstairs. Outside, the massive wraparound front porch gives the property the kind of curb appeal you cannot recreate, while the screened back porch offers a quiet place to slow down and unwind. The additional flat, usable land provides flexibility for future needs, including expanded parking if desired. Located near I-85 and Highway 441 and within close reach of restaurants, parks, schools, and downtown amenities, this property is positioned well for both today's use and Commerce's continued growth. Whether you are looking for a renovated income-producing asset, a downtown house-hack opportunity, or a long-term bet on one of Northeast Georgia's growing markets, this triplex checks the boxes without feeling like every other investment property on the market.
Listing facts

From this record

  • Incomplete — 2 of 3 unit rents
  • Mix from remarks: 2× 1bd

3 doors on the listing. Generic market notes are below the fold.

Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing· HUD Small Area FMR (ZIP 30529, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
Unit 11—$1,200$1,040-$160NNYNY
Unit 21—$1,400$1,040-$360NNYNY
Total2 of 3 units with rent$2,600Y = owner-paid · — = unknown

Full detailed rent roll, tenant leases, and actual income/expense data not included in listing.

* Rent roll information is taken from the available FMLS listing data. Many multifamily listings do not include complete or verified tenant financials. Always verify actual rents, leases, and operating expenses during due diligence. HUD Small Area Fair Market Rents (ZIP-level payment standards) are published by the U.S. Department of Housing and Urban Development and are shown for comparison only.

Scenario

Investment Calculator

Scenario only. 2 of 3 rents in FMLS — GPI blank. Do not treat the results as in-place. Override any value.

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Repairs, pest, landscaping, cleaning, admin. Water and trash are separate lines. Electric/gas off when tenant-paid.

Conventional = fully amortizing. Commercial = shorter call + balloon. Seller finance = below-market note. Cash = no loan.

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Scenario only. Yields unpublished — thin roll. Results are not in-place.

Coverage rules
  • GPI pre-fills only from MLS GI, a building-total UnitTypes row, or a rent roll covering ≥ 80% of doors.
  • A single sample rent is not averaged across the building.
  • Vacancy floor is max(5%, 100 − present occupancy in remarks).
  • Mgmt 8% at 8+ units, else 10%. Insurance $800/door. R&M $800/door.
  • Utility allowances turn on only when the who-pays grid or remarks say owner-paid.
  • SAFMR push is mix-weighted and hidden when the sample is extrapolated from thin coverage.
  • Commercial = 30% / 7% / 25-yr amort. Conventional = 25% / 7% / 30-yr. Cash = 100% equity, no debt service. CoC = NOI ÷ price.
Value-add: owner water / RUBS

Jeff’s Investment Take

Market data · October 2026

Working thesis

FMLS coverage is too thin to publish cap / CoC / DSCR. Named lever is owner-paid / master-metered water (RUBS or submeters).

  • Incomplete — 2 of 3 unit rents
  • Mix from remarks: 2× 1bd
Local market contextJackson County
Med. asking rent$2,050
County asking gross5.9%Rent ÷ list · live asks
County sold NOI cap3.7%Calculator stack on closes
Med. list $/door$259,706

Modeled from available FMLS data, unit mix, and operating assumptions and Jackson County benchmarks. DSCR and cash-on-cash use conventional terms (25% down / 7% / 30-yr) for ≤4 units. Always verify with current rent roll and expenses.

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Disclaimer

Important Investment Information

Median estimated cap, cash-on-cash, and DSCR require MLS gross income or NOI, a dated broker package, a listing building total, or a unit rent roll covering at least 80% of doors. Thin records stay Incomplete — those yields are not printed in the hero or on cards. The calculator is a labeled scenario, not in-place income.

When a line is missing we use disclosed defaults only inside the calculator: vacancy floor of max(5%, 100 − present occupancy in remarks); management 8% of EGI at 8+ units otherwise 10%; insurance $800 per door; R&M $800 per door. Utility allowances turn on only if the who-pays grid or remarks say owner-paid (water $900–1,800 per door until a T-12). A single who-pays row does not set the building. We do not use an all-in “other” of $1,100 per door, and we do not average one sample rent across the building.

Rent coverage 67% — yields unpublished

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

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.