Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2081 Lenoa Ln Austell, GA 30106

    Sponsored
    For Sale
    $180,000

    MULTI_FAMILY - Austell, GA

    Lot size:
    0.04 Acres
    Days on Market:
    35
    Last Refresh:
    Feb 1 at 7:06 pm

    Property Features for 2081 Lenoa Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    19100701560
    Parking
    2
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    2
    Number of units
    1
    Building materials
    Brick, Wood Siding

    We can help!

    Listing Contact
    Mary C Jarman
    Mary C Jarman

    Swift Change, LLC (404) 993-9225

    Listing agent Mary C Jarman (866) 462-8823

    Listing date Dec 29, 2025

    MLS# 10637228 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Tenant-Occupied Townhome Investment Opportunity

    This tenant-occupied, end-unit townhome is located in Austell, Cobb County, Georgia. The property features 2 bedrooms and 2.5 bathrooms. Situated on a 0.041-acre lot, this property is a turnkey investment opportunity that generates steady rental income. Recent updates include a freshly painted exterior and newer carpet on the first floor, minimizing immediate maintenance needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austell
    County
    Cobb
    State
    Georgia
    Longitude
    -84.614179
    Latitude
    33.846846

    Nearby Similar for Sale

    • New
      $700,000
      2,268 SF

      Renovated Mixed-Use Property, Austell

      Recently renovated mixed-use property suitable for various business options.
      2307 Veterans Memorial Hwy SW, Austell, GA 30168
      View Details
    • $1,097,000
      10,200 SF

      Industrial Facility with Office Space

      10,200 SF industrial facility with office space on 1.23 acres.
      2965 Angellette Dr, Austell, GA 30106
      View Details
    • $380,000
      1,064 SF

      Versatile Mixed-Use Complex in Austell

      Mixed-use complex suitable for various businesses, currently a daycare.
      5099 Austell Powder Springs Rd, Austell, GA 30106
      View Details
    • $300,000
      0.75 Acres

      Renovated Income-Producing Duplex in Austell

      Updated duplex, income-producing, low-maintenance rental property with immediate upside.
      5474 June Dr SW, Austell, GA 30106
      View Details
    • New
      $300,000
      0.75 Acres

      Renovated Duplex in Austell, Georgia

      Income-producing duplex with recent renovations and immediate rental upside.
      5472-5474 June Dr SW, Austell, GA 30106
      View Details
    • $1,800,000
      1,980 SF

      Industrial Property in Austell, Georgia

      Industrial property for sale in Cobb County, zoned industrial.
      1010 White Rd, Austell, GA 30168
      View Details
    • $315,000
      0.27 Acres

      Turnkey Duplex in Austell, GA

      Income-producing duplex in downtown Austell, fully renovated in 2021.
      2493 Washington Street Ext, Austell, GA 30106
      View Details
    • $315,000
      0.27 Acres

      Turnkey Duplex in Austell, Georgia

      Income-producing duplex with recent renovations in a desirable Austell location.
      2493 Washington Street Ext, Austell, GA 30106
      View Details
    • $697,700
      9,531 SF

      Commercial Building in Austell, Georgia

      All-brick commercial building suitable for various uses in Austell, GA.
      1831 Veterans Memorial Hwy SW, Austell, GA 30168
      View Details
    • $5,400,000
      3.90 Acres

      Motel Near Six Flags For Sale

      Income-producing 106-room motel near Six Flags and I-20.
      7377 Cityview Dr, Austell, GA 30168
      View Details
    • $369,900
      0.31 Acres

      Spacious Updated Duplex in Austell

      Spacious Austell duplex with updated interiors and private backyards.
      5120 A & B Newark Ave SW, Austell, GA 30106
      View Details
    • $5,700,000
      3.90 Acres

      Austell Motel Near Six Flags

      Income-producing 106-room motel near Six Flags and I-20.
      7377 Cityview Dr, Austell, GA 30168
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Turnkey investment: 2-bedroom townhome in high-demand rental area.
    Where is this multifamily property located?
    The property is located at 2081 Lenoa Ln Austell, GA.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: - Turnkey Investment Opportunity: Generates steady rental income immediately.; - Tenant-Occupied: Eliminates vacancy concerns and provides immediate cash flow.; - **2-Bedroom, 2.5-Bath End-Unit Townhome:** Desirable layout and end-unit privacy.
    (404) 993-9225
    Request Owner's contact information
    2081 Lenoa Ln Austell, GA 30106
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2081 Lenoa Ln
    Austell, GA 30106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2081 Lenoa Ln Austell, GA 30106
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mary C Jarman
    Mary C Jarman
    Real Estate License ID: 231738
    (404) 993-9225
    Learn more
    Google sign-in failed. Please try again or use another login method.