Townhome Multifamily
For Sale
$5,800,000
7234 Tara Blvd, Jonesboro, GA 30236
Forty-nine townhome units across six two-story buildings, built in 1972 and partially renovated in 2020.
Property Size56,203 SF
Lot Size4.60 Acres
Price / SF$103.20
Days on Market124
Property Features for 7234 Tara Blvd
General Information
Standard status
Active
Size
56,203 SF
Lot size
4.60 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
49
Amenities
Exceptional Entry Basis at $5,800,000 — $118,367 Per Unit
Rare Townhome Product with Built-In Rent Premium and Limited New Supply
Demonstrated Rent Upside with Minimal Execution Risk
Hartsfield-Jackson Proximity and Clayton County's Structural Employment Base
Building Details
Building Size
56,203 SF
Year Built
1972
Year Renovated
2020
Stories
2
Units
49
Listing Agency:
Atlanta Office
Listed By:
Marco Welch · License #License(s): GA: 279869
(678) 808-2735
Source:
Marcusmillichap
Added: May 8
Changed: Sep 2
Last Checked: Sep 7 at 4:55AM
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 Atlanta Office
Investment Insights
Based on property information with market context.
Monterey Townhomes is a 49-unit townhome community featuring six two-story residential buildings. The property was built in 1972 and underwent partial renovations in 2020. All units are two-bedroom, one-and-a-half-bath townhomes, with each unit averaging 1,147 square feet.
The community is situated on 4.6 acres at 7234 Tara Boulevard in Jonesboro, Georgia.
The offering is for sale and is accompanied by an assumable first mortgage originating in October 2023 at a fixed rate of 6.50%, with an outstanding balance of approximately $4,508,000 and a maturity in October 2028.
The community is situated on 4.6 acres at 7234 Tara Boulevard in Jonesboro, Georgia.
The offering is for sale and is accompanied by an assumable first mortgage originating in October 2023 at a fixed rate of 6.50%, with an outstanding balance of approximately $4,508,000 and a maturity in October 2028.
Key Highlights
- 49‑unit townhome community on 4.6 acres at 7234 Tara Boulevard in Jonesboro, GA
- Built in 1972; partially renovated in 2020
- Six two‑story residential buildings totaling 56,203 rentable SF
Property Analytics
Property Profile
Current Use
Lease Details
49
Residential units
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 30236, GA
50,446
Population
19,230
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,557
Density / Sq Mi
$68,867
Median Household Income
$36,501
Median Earnings
$1,233
Median Rent
$219,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Forty-nine townhome units across six two-story buildings, built in 1972 and partially renovated in 2020.
Where is this apartment building located?
The property is located at 7234 Tara Blvd Jonesboro, GA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: 49‑unit townhome community on 4.6 acres at 7234 Tara Boulevard in Jonesboro, GA; Built in 1972; partially renovated in 2020; Six two‑story residential buildings totaling 56,203 rentable SF
