Vacant Two-Unit
For Sale
$194,900
104 Peachtree Ct, Lagrange, GA 30241
Two-bedroom units feature private outdoor areas, dedicated parking pads, and in-unit laundry closets.
Property Size1,901 SF
Price / SF$102.52
Days on Market50
Property Features for 104 Peachtree Ct
General Information
Standard status
Active
Size
1,901 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
laminate flooring
refrigerator
dishwasher
oven/range combination
pantry
laundry closet
tile bathrooms
private backyard
uncovered patio
dedicated parking pads
Building Details
Year Built
1978
Buildings
1
Listing Agency:
RE/MAX Results
(706) 845-7000
Listed By:
Rob Upchurch · License #202341
Source:
Florida-georgia-realty
Added: Jul 12
Changed: Aug 28
Last Checked: Aug 29 at 10:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results
Investment Insights
Based on property information with market context.
This vacant duplex contains approximately 1,901 square feet across two separate residential units. Each unit offers two bedrooms, one bathroom, an open living and kitchen arrangement, laminate flooring, and a kitchen equipped with a refrigerator, dishwasher, and oven/range combination. Additional kitchen features include a pantry and laundry closet. Tile finishes are used in the bathrooms.
Both units open to private backyard areas with uncovered patios, and each has a dedicated parking pad. Constructed in 1978, the property is located in the Peachtree Village Subdivision at 104 Peachtree Ct in LaGrange, Georgia. The two-unit configuration supports separate occupancy and provides flexibility for an owner-user or rental operation.
Both units open to private backyard areas with uncovered patios, and each has a dedicated parking pad. Constructed in 1978, the property is located in the Peachtree Village Subdivision at 104 Peachtree Ct in LaGrange, Georgia. The two-unit configuration supports separate occupancy and provides flexibility for an owner-user or rental operation.
Key Highlights
- Two‑unit duplex with approximately 1,901 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Both units are fully vacant and ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,229
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,580
$304.6K
Cap Rate 7%
$217,557
$217.6K
Cap Rate 9%
$169,211
$169.2K
Market Conditions
NOI Build-Up for 1,901 SF
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.
Gross rent
$23.3K $12.24/SF
− Vacancy
−$1.5K −$0.80/SF
EGI
$21.8K $11.44/SF
− OpEx
−$6.5K −$3.43/SF
NOI
$15.2K $8.01/SF
Area
Troup County, GA
Vacancy
6.50%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,580
Cap Rate 7%
$217,557
Cap Rate 9%
$169,211
Alternative Uses
Best Use
Multifamily LT 5
$217.6K
$190.4K – $253.8K
NOI $15,229 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$195.0K
$170.7K – $227.5K
NOI $13,652 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$425.4K
$372.2K – $496.3K
NOI $29,775 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 30241, GA
25,509
Population
10,433
Households
2.4
Avg Household Size
37
Median Age
18%
College-Educated
88%
High-School Grad
112.4 sq mi
ZIP Area
227
Density / Sq Mi
$47,988
Median Household Income
$34,411
Median Earnings
$1,077
Median Rent
$167,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature private outdoor areas, dedicated parking pads, and in-unit laundry closets.
Where is this duplex located?
The property is located at 104 Peachtree Ct Lagrange, GA.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,901 square feet; Each unit includes 2 bedrooms and 1 bathroom; Both units are fully vacant and ready for occupancy
