Residential Land with Two
For Sale
$425,000
150 Old Hwy 138, Fayetteville, GA 30214
LAND - Fayetteville, GA
Property Size2,516 SF
Lot Size6.30 Acres
Price / SF$168.92
Days on Market160
Property Features for 150 Old Hwy 138
General Information
Property type
Land
Property subtype
Other
Vegetation
Partially Wooded
Fencing
Privacy, Fenced
Lot features
Corner Lot, Level
Elementary school
North Fayette
Middle school
Flat Rock
High school
Sandy Creek
Directions
From Downtown Fayetteville take Glynn St N. Turn left onto W Fayetteville Rd(GA-314). Turn right onto GA-138. Turn right onto Highland Dr. Turn left onto Old Highway 138. Home is on your Right.
Standard status
Active
APN
130501006 & 130501045
Lot size
6.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1167
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Water source
Well, Private
Building Details
Additional Structures
Residence
Listing Agency:
Atlanta Communities
(404) 844-4977
Listed By:
Cristi Palmer · License #369204
(404) 642-1387
Added: Feb 20
Changed: Jul 29
Last Checked: Jul 30 at 4:06PM
MLS# 10703460
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 residential land offering totals 6.3 acres and includes two homes. The main residence features four bedrooms and two bathrooms with mid-century details, including classic Pickwick paneling and original pine hardwood floors (currently covered by laminate in some rooms). It also includes a den with a wood-burning fireplace, a spacious kitchen with stainless steel appliances, and a separate laundry/mudroom opening to a private, fenced backyard. The second home is a two-bedroom, one-bath cottage with a kitchen featuring engineered hardwood floors and an original farmhouse sink, plus its own washer and dryer, and separate exterior utilities including a new electrical box and exterior meter installed in 2025. Each home is serviced by its own septic system.
The property sits on two corner lots and is sold as two parcels together, located one parcel off the high-visibility intersection of GA Hwy 138 and Hwy 314. A natural spring water system has been in place for over 100 years, and recent updates include a new 20-gallon well tank, pressure components, and an added shelf for the pump motor. Outdoor features include patios, a paver walkway, a fire pit, and tool and storage sheds, plus both homes use separate driveways including a private gravel driveway for the cottage.
The property sits on two corner lots and is sold as two parcels together, located one parcel off the high-visibility intersection of GA Hwy 138 and Hwy 314. A natural spring water system has been in place for over 100 years, and recent updates include a new 20-gallon well tank, pressure components, and an added shelf for the pump motor. Outdoor features include patios, a paver walkway, a fire pit, and tool and storage sheds, plus both homes use separate driveways including a private gravel driveway for the cottage.
Key Highlights
- 6.3‑acre, partially wooded property on two corner lots, one parcel off the GA Hwy 138 and Hwy 314 intersection with strong road frontage.
- Main home approx. 1,700 SF with 4 bedrooms and 2 bathrooms, including wood‑burning fireplace and original pine hardwood floors beneath laminate in some rooms.
- Additional cottage approx. 816 SF with 2 bedrooms and 1 bathroom, with its own washer/dryer and private gravel driveway.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.5k | $26.04 |
| − Vacancy | −$4.1k | −$1.61 |
| EGI | $61.5k | $24.43 |
| − OpEx | −$27.7k | −$10.99 |
| NOI | $33.8k | $13.43 |
2,516 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$482.9K
$422.5K – $563.3K
NOI $33,800 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$703.3K
$615.4K – $820.5K
NOI $49,232 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 30214, GA
32,135
Population
12,680
Households
2.5
Avg Household Size
45
Median Age
37%
College-Educated
92%
High-School Grad
52.7 sq mi
ZIP Area
610
Density / Sq Mi
$87,138
Median Household Income
$48,400
Median Earnings
$1,599
Median Rent
$338,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Partially wooded 6.3-acre property with two residences, separate septic systems, and spring water service.
Where is this single family property located?
The property is located at 150 Old Hwy 138 Fayetteville, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 6.3‑acre, partially wooded property on two corner lots, one parcel off the GA Hwy 138 and Hwy 314 intersection with strong road frontage.; Main home approx. 1,700 SF with 4 bedrooms and 2 bathrooms, including wood‑burning fireplace and original pine hardwood floors beneath laminate in some rooms.; Additional cottage approx. 816 SF with 2 bedrooms and 1 bathroom, with its own washer/dryer and private gravel driveway.
