Apartment Property With Rental
For Sale
$950,000
11 Old Carrollton Road, Newnan, GA 30263
Residential Income, Newnan, GA
Property SizeContact for details
Lot Size2.07 Acres
Days on Market28
Property Features for 11 Old Carrollton Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Assigned
Elementary school
Arnco Sargent
Middle school
Evans
High school
Newnan
Directions
From the Intersection of the Highway 34 Bypass & Highway 16/27 Alt (Carrollton Hwy), head West for 3.9 miles. Right on Old Carrollton Rd and property is immediately on your right facing the Highway.
Standard status
Active
APN
034 4009 002
Lot size
2.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4108
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
5
Building materials
Vinyl Siding
Listing Agency:
Lindsey's Inc., Realtors
(770) 253-6990
Listed By:
Riese Carden · License #296887
(404) 557-2162
Added: Sep 9
Changed: Sep 23
Last Checked: Oct 6 at 3:06AM
MLS# 10842306
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property comprises five separate single-family rental homes on a 2.07-acre corner parcel. The improvements were built in 1960 and feature vinyl siding, central air, off-street parking, and assigned parking. Public water and public sewer serve the property, with county sewer identified as available.
The site fronts GA Highway 16 and US Hwy 27 Alt and is positioned across from a Dollar General Market. R-2 Multifamily Residential District zoning permits density of up to 12 units per acre, subject to a 500-square-foot minimum per unit. The property is also near the 832-acre Project Sail campus and the Plant Yates power corridor.
The site fronts GA Highway 16 and US Hwy 27 Alt and is positioned across from a Dollar General Market. R-2 Multifamily Residential District zoning permits density of up to 12 units per acre, subject to a 500-square-foot minimum per unit. The property is also near the 832-acre Project Sail campus and the Plant Yates power corridor.
Key Highlights
- Five separate single‑family rental homes
- 2.07‑acre corner lot
- Frontage on GA Highway 16 and US Hwy 27 Alt
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 30263, GA
60,467
Population
23,792
Households
2.5
Avg Household Size
38
Median Age
31%
College-Educated
89%
High-School Grad
198.2 sq mi
ZIP Area
305
Density / Sq Mi
$79,752
Median Household Income
$44,508
Median Earnings
$1,332
Median Rent
$278,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five single-family residences occupy a corner parcel with public water and sewer service.
Where is this apartment building located?
The property is located at 11 Old Carrollton Road Newnan, GA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five separate single‑family rental homes; 2.07‑acre corner lot; Frontage on GA Highway 16 and US Hwy 27 Alt
