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    242 Hooper Rd Cleveland, GA 30528

    For Sale
    $440,000

    Multi Family - Cleveland, GA

    Type:Multi Family
    Lot size:
    1.17 Acres
    Days on Market:
    64
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 242 Hooper Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Lot size
    1.17 Acres

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating), Zoned (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric, Heat Pump

    Building Details

    Year built
    2005
    Architectural style
    Other

    Berkshire Hathaway HomeServices Georgia Properties (770) 814-2300 [email protected]

    Listing agent Jeffry E. Scott (770) 814-2300

    Listing date Oct 5, 2025

    MLS# 10570038 Listing URL

    Copyright © 2025 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Duplex in Cleveland, GA

    This fully leased and renovated duplex in Cleveland, Georgia, presents a rare investment opportunity. The property, situated on 1.17 acres in a peaceful wooded setting, has undergone a complete top-to-bottom rehabilitation, including a new metal roof and smooth ceilings. The units feature spacious layouts with three bedrooms and an office in one unit, and two bedrooms and two baths in the other. Updated electrical panels, new lighting, new kitchens, and two new bathrooms enhance the property's appeal. New paint and flooring complete the renovation. The leases are structured as NN, limiting the owner's costs to approximately $360 per year for water and property taxes. The property is separately metered. Located in a highly sought-after area, this duplex offers potential as two separate Airbnb units or as a standard duplex. The front yard has been improved, adding to the property's curb appeal. This property is intended for investors and buy-and-hold investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Hotel & Motel Bed & Breakfast Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    White
    State
    Georgia
    Longitude
    -83.848466
    Latitude
    34.593731

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      Renovated Duplex with High Cap

      Fully renovated duplex with high cap rate in Cleveland, GA.
      242 Hooper Rd, Cleveland, GA 30528
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    FAQs

    What type of property is this?
    Duplex - Fully renovated duplex with high cap rate in Cleveland, GA.
    Where is this duplex located?
    The property is located at 242 Hooper Rd Cleveland, GA.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: - High Cap Rate (approx. 12.07%); - Fully Leased and Fully Renovated (top to bottom); - Net Leases (NN) with minimal owner expenses (approx. $360/year for water bill and property taxes)
    (770) 814-2300
    Request Owner's contact information
    242 Hooper Rd Cleveland, GA 30528
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    Cleveland, GA 30528
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    Realmo Value Estimation

    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.

    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.

    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
    242 Hooper Rd Cleveland, GA 30528
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