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5-Unit Apartment Building
New
For Sale
$449,900

2 Georgia Avenue, Cave Spring, GA 30124

Residential Income, Cave Spring, GA

Property SizeContact for details
Lot Size0.61 Acres
Days on Market7

Property Features for 2 Georgia Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Parking features Off Street
Subdivision Cedar Creek Apartments
Elementary school Alto Park
Middle school Coosa
High school Coosa
Directions GPS Friendly
Special listing conditions Real Estate Owned, In Foreclosure
Standard status Active
APN E19X047
Lot size 0.61 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7679

Utilities

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

Amenities

in-unit laundry room

Building Details

Year built 1972
Floors in Building 2
Number of units 5
Building materials Brick
Listing Agency: Prestige Home Brokers
Listed By: Christie Carroll · License #173306
Added: Sep 21 Changed: Sep 25 Last Checked: Sep 27 at 4:06AM
MLS# 10853642

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 1972 brick apartment property contains five two-story residences on a 0.61-acre parcel. Each unit has an eat-in kitchen, living room, half bath, and laundry room on the first floor, with two bedrooms, a full bath, and linen storage above. Kitchen updates were completed several years ago. Central heating and central air serve the building, with electric cooling, public water, and public sewer. Off-street parking is available.

The property sits along a creek near Cave Spring’s town square, park, public swimming pool, library, shops, and restaurants. Trout fishing is possible at the creek beside the property.

Key Highlights

  • Five two‑story apartments, each with two bedrooms and 1.5 bathrooms
  • Each unit includes an eat‑in kitchen, living room, in‑unit laundry, and linen closet
  • 0.61‑acre parcel with brick construction; built in 1972

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop HVAC Service Auto Parts Store Furniture & Home Goods Bakery Cafe & Coffee Shop

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

138
Businesses Nearby

Demographics for 30124, GA

3,035
Population
1,291
Households
2.4
Avg Household Size
46
Median Age
19%
College-Educated
85%
High-School Grad
60.0 sq mi
ZIP Area
51
Density / Sq Mi
$75,365
Median Household Income
$41,676
Median Earnings
$1,041
Median Rent
$204,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Each residence has two-level living space and its own laundry room.
Where is this apartment building located?
The property is located at 2 Georgia Avenue Cave Spring, GA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Five two‑story apartments, each with two bedrooms and 1.5 bathrooms; Each unit includes an eat‑in kitchen, living room, in‑unit laundry, and linen closet; 0.61‑acre parcel with brick construction; built in 1972
More about this property
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