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Four-Residence Multifamily Property
For Sale
$330,000

1515 Bowman Highway, Elberton, GA 30635

Residential Income, Elberton, GA

Property SizeContact for details
Lot Size3.33 Acres
Days on Market98

Property Features for 1515 Bowman Highway

General Information

Property type Residential Multi Family
Property subtype Other
Parking features Carport
Elementary school Elbert
Middle school Elbert
High school Elbert
Directions GPS Friendly 1515 Bowman Hwy
Standard status Active
APN 030C 070
Lot size 3.33 Acres

Taxes and HOA fees

Tax Year 25
Tax Annual Amount 2528

Utilities

Sewer type Septic Tank
Heating system Central
Cooling system Central Air
Water source Well

Building Details

Year built 1960
Floors in Building 1
Number of units 4
Building materials Brick
Listing Agency: RE/MAX Complete · RE/MAX International
Listed By: Jonathan Fleming · License #415223
Added: May 30 Changed: Aug 19 Last Checked: Sep 4 at 4:06PM
MLS# 10775928

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 four rental residences on a 3.33-acre parcel. The improvements include a 3-bedroom, 1.5-bath, 4-sided brick home at 1515 Bowman Highway with central HVAC; a 1-bedroom, 1-bath residence at 1521 Bowman Highway; and two single-wide mobile homes at 1506 and 1512 Martin Villa Road. The mobile homes contain 2 bedrooms and 2 baths and 3 bedrooms and 2 baths, respectively.

Three residences are occupied, while each home has its own septic system. A shared well provides water service to the property. The brick home was built in 1960, and carport parking is included. Showings are available by appointment with arrangements coordinated around the current tenants.

Key Highlights

  • Four residences on 3.33 acres
  • Three units currently occupied
  • 1515 Bowman Highway: 3 bedrooms, 1.5 baths, 4‑sided brick construction, and central HVAC

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Storage Facility Big Box & Wholesale Store Building Supply Kitchen & Bath Showroom Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

18
Businesses Nearby

Demographics for 30635, GA

15,365
Population
7,422
Households
2.1
Avg Household Size
45
Median Age
17%
College-Educated
86%
High-School Grad
280.6 sq mi
ZIP Area
55
Density / Sq Mi
$45,368
Median Household Income
$38,339
Median Earnings
$866
Median Rent
$117,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Separate septic systems and a shared well support the residential income property.
Where is this multifamily property located?
The property is located at 1515 Bowman Highway Elberton, GA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Four residences on 3.33 acres; Three units currently occupied; 1515 Bowman Highway: 3 bedrooms, 1.5 baths, 4‑sided brick construction, and central HVAC
More about this property
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