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Listed price in listed location currency (USD).
$350,000

000

MLS® 7684169

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage No
Taxes $6,378
Days Active 2
Lot Size 0.3738 acres
Approx. Age 1986
MLS® Number 7684169

Property Address: 8511 Pineland Dr, Jonesboro, GA, 30238-2966

Average square foot calculated using Size range provided by listing agent.

Description

This extensively upgraded brick triplex consists of three spacious townhome-style units, each offering 2 bedrooms and 2.5 baths — a rare and highly desirable layout that consistently attracts quality long-term tenants. The seller has completed $100, 000+ of capital improvements over the past 12 months alone, including a brand-new architectural roof, full exterior lime-wash and repainting, upgraded bathrooms, new exterior doors and locksets, mechanical room improvements, water-heater upgrades, drywall repairs, fresh interior paint, and updated flooring and appliances in select units. Professionally maintained and fully occupied, the property provides a turnkey, low-maintenance investment opportunity. All three units are leased through mid-2026 with reliable, long-term tenants in place. Current rents of $1, 040, $1, 385, and $1, 385 per month produce an annual gross income of $49, 320. Based on existing income and typical operating expenses for similar multifamily assets, the property offers an in-place cap rate in the mid-6% range, with additional upside available over time. The size of the units are roughly 1260 square feet each. Given the extensive recent improvements and strong 2-bed/2.5-bath configuration, there is natural room for rent alignment at renewal as leases expire — without the need for disruptive or aggressive value-add strategies. Situated on a quiet corner lot in an established residential subdivision, the property features dedicated parking, a functional roommate-friendly layout, and convenient access to shopping, dining, and major transportation routes throughout Jonesboro and Clayton County. With major capex already completed and stable tenancy in place, this triplex represents a prime opportunity for investors seeking strong fundamentals and reliable long-term performance
MLS® Number7684169
Laundry Level
Central VacNo
FireplaceNo
Acreage0.3738
Exterior
GarageNo
Approx. Age1986
Basement
DrivewayDriveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 3, 2025List Date
$350,000List Price
  • Commute

Commute

Starting Address
Destination Address
8511 Pineland Dr, Jonesboro, GA

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