Multifamily

103 E Main Street

Irwinton, GA 31042

Location

103 E Main Street, Irwinton GA 31042

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List Price$649,000
10 Units$64,900 per unit
Published yieldsYields UnpublishedRent coverage 0% — yields unpublished
IncompleteListing evidence · class C
Rents0 / 10 units
Who paysWater unknown · 10 units unknown
OccupancyNot in remarks
FinancialsMLS GI/NOI empty · Tax $932 (2024)

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.

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Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7684095
Listing Provided By Virtual Properties Realty.com · 470-269-0420
Description

Property Description

Exceptional investment opportunity consisting of three parcels with multiple income-producing buildings and land, located in the heart of Irwinton, Georgia. Parcel 1 – 102 Asbell Street, Irwinton, GA 31042 Includes 3 buildings with a total of 5 units, all completely renovated and upgraded. Improvements include new flooring, upgraded kitchens, fresh interior paint, granite countertops, new windows, and more. This parcel features four (4) one-bedroom, one-bath apartments and one (1) two-bedroom, one-bath single-family home situated in the center. Note: This unit requires a septic system upgrade estimated at $25,000. Parcel 2 – 103 E Main Street, Irwinton, GA (Dixieland Motel) Includes 6 one-bedroom studio units, 1 beauty shop, and 2 office spaces—providing excellent mixed-use income potential. Parcel 3 – 102 Bank Street, Irwinton, GA Vacant land measuring approximately 102'/105' x 148'/150' (IRR)—ideal for future development or expansion. Summary: This rare offering includes three parcels, three buildings, multiple residential and commercial units, plus additional land. With extensive renovations already completed on the five units at 102 Asbell Street, this property is an excellent opportunity for owner-occupants or investors seeking strong rental income in a growing area. Owner financing is available.
Listing facts

From this record

  • Incomplete — 0 of 10 unit rents

10 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 31042, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
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Unit 7—————————
Unit 8—————————
Unit 9—————————
Unit 10—————————
Total0 of 10 units with rent$0Y = 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. 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% / 25-yr amort. Conventional = 25% / 7% / 30-yr. Cash = 100% equity, no debt service. CoC = NOI ÷ price.
Incomplete

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 10 unit rents
Local market contextCore Metro
Med. close $/door$168,250321 closed · 12 mo
Med. asking rent$1,450
Months of supply8.5Active ÷ (12-mo closed ÷ 12)
County sold gross9.2%Rent ÷ close · T12 sold tape
County asking gross8.9%Rent ÷ list · live asks
County sold NOI cap5.9%Calculator stack on closes

Modeled from available FMLS data, unit mix, and operating assumptions and Core Metro benchmarks. DSCR and cash-on-cash use commercial terms (30% down / 7% / 25-yr amort) for 5+ 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.