MultifamilyDuplexActive

3157 Old Jonesboro Road

Hapeville, GA 30354 · Fulton County · FMLS #7857547

List price$220,0002 units · $110,000 per unit
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Location

3157 Old Jonesboro Road, Hapeville GA 30354

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List Price$220,000
2 Units$110,000 per unit
Published yieldsYields UnpublishedRent coverage 0%, yields unpublished
Value-add hypothesisListing evidence · class C
Rents0 / 2 units
Who paysWater tenant · Elec tenant · Gas tenant · Trash tenant
Occupancy0% present
FinancialsMLS GI/NOI empty · Tax $3,155 (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 27, 2026 at 12:01 PM EST
ACTIVE
FMLS #7857547
Listing Provided By Keller Williams Realty West Atlanta · 470-907-8266
Description

Property Description

INVESTMENT OPPORTUNITY! TWO VACANT LIVING UNITS! Discover the potential at 3157 Old Jonesboro Road! Offered at just $220,000, this unique property features two separate living units with over 2,200 square feet of combined space on approximately 0.28 acres. Both units are currently vacant, offering immediate flexibility for renovations and future occupancy. Whether you’re an investor looking to renovate and rent both units, a buyer interested in living in one while renting the other, or someone seeking a multigenerational living arrangement, this property offers exciting possibilities, subject to applicable requirements. Situated on a corner lot, the property features multiple driveway areas, a carport, generous storage space, and a backyard shed. The separate living spaces provide flexibility to renovate according to your vision and budget. Conveniently located near Hapeville, Hartsfield-Jackson Atlanta International Airport, I-75/I-85, and downtown Atlanta, with easy access to shopping, dining, and major employment centers. PRICED AT $220,000 WITH RENOVATIONS IN MIND! This property is being sold AS-IS and presents an opportunity for buyers ready to unlock its potential. Both units are vacant and ready for their next chapter. Schedule your showing and explore the possibilities!
Listing facts

From this record

  • Incomplete, 0 of 2 unit rents
  • Remarks occupancy 0%

2 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 30354, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
Unit 132–$1,720NNNNN
Unit 221–$1,440NNNNN
Total2 units$0Y = owner-paid ·, = unknown

* 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. Enter GPI, incomplete roll. 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% / 7.75% / 25-yr amort. Conventional = 25% / 7.75% / 30-yr. Cash = 100% equity, no debt service. CoC = NOI ÷ price.
Value-add hypothesis

Jeff’s Investment Take

Market data · October 2026

Working thesis

Rent coverage or MLS financials are too thin to publish yields. Request the roll and T-12 before treating this as a screen.

  • Incomplete, 0 of 2 unit rents
  • Remarks occupancy 0%
Same thesis · below the tapeFulton County

This ask is priced under what has been clearing here. List $110,000/door vs closed median $192,625 (43% below). Expired asks in this county sat at $212,500/door (44 buildings), this list is under that failure tape too. Not a buy call. Confirm the roll, condition, and why the discount exists.

Open the market report →
Local market contextFulton County
Med. close $/door$192,62592 closed · 12 mo
Med. asking rent$1,642
Months of supply10.4Active ÷ (12-mo closed ÷ 12)
County sold gross9.0%Rent ÷ close · T12 sold tape
County asking gross9.0%Rent ÷ list · live asks
County sold NOI cap6.0%Calculator stack on closes

Modeled from available FMLS data, unit mix, and operating assumptions and Fulton 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 0%, 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.

Questions about this property

How do I schedule a showing or ask a question about this property?

Use the inquiry form on this page and include what you want to know and the days and times that work for you. Jeff Crowe will follow up.

Where does the listing information come from?

Listing details come from FMLS and are provided by Keller Williams Realty West Atlanta. Confirm them before making an offer.

Is this property still available?

This page shows the status reported in FMLS (Active) as of the last sync. Status can change quickly, so ask through the form to confirm before you tour.

Are the cap rate and cash-on-cash figures on this page verified?

No. Modeled figures are an independent estimate for screening only. Confirm them with the seller rent roll, T-12 and your lender terms before relying on them.