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Renovated Quadplex with Townhome-Style Units
For Sale
$790,000

22 Pratt Street, Newnan, GA 30263

Four two-story residences offer individual water and electric metering, with utilities paid directly by tenants.

Property SizeContact for details
Days on Market9

Property Features for 22 Pratt Street

General Information

Standard status Active
Total Parking Spaces 8
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $6,789

Building Details

Year Built 1983
Stories 2
Units 4
Listing Agency: Mark Spain Real Estate
Listed By: MARK SPAIN · License #178501
Source: Millerrealtyatl
Added: Aug 3 Changed: Aug 4 Last Checked: Aug 11 at 1:21PM

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 Mark Spain Real Estate

Investment Insights

Based on property information with market context.

This four-unit residential income property features a two-story townhome configuration, with each residence offering 3 bedrooms and 1.5 bathrooms. The building was rehabilitated in 2021 with extensive improvements, including new windows, doors, siding, gutters, porch posts, plumbing, electrical wiring and panels, recessed lighting, insulation, sheetrock, fire alarm systems, kitchen appliances, granite-topped kitchen vanities, and updated bathrooms. Central dual-zoned HVAC serves the property, and double-layer firewalls were installed between units.

Each unit has individual water and electric meters, and tenants are responsible for those utilities. All four residences are currently leased for terms ranging from six months to one year. The property is within walking distance of Newnan High School and was originally built in 1983.

Key Highlights

  • Four‑unit quadplex with two‑story townhome‑style residences
  • Each unit includes 3 bedrooms and 1.5 bathrooms
  • Rehabilitated in 2021 with extensive building‑system and interior upgrades

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Storage Facility Carpet & Flooring Store Grocery & Convenience Store Butcher Tech Support Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

212
Businesses Nearby

Demographics for 30263, GA

60,467
Population
23,792
Households
2.5
Avg Household Size
38
Median Age
31%
College-Educated
89%
High-School Grad
198.2 sq mi
ZIP Area
305
Density / Sq Mi
$79,752
Median Household Income
$44,508
Median Earnings
$1,332
Median Rent
$278,200
Median Home Value

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?
Quadplex - Four two-story residences offer individual water and electric metering, with utilities paid directly by tenants.
Where is this quadplex located?
The property is located at 22 Pratt Street Newnan, GA.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Four‑unit quadplex with two‑story townhome‑style residences; Each unit includes 3 bedrooms and 1.5 bathrooms; Rehabilitated in 2021 with extensive building‑system and interior upgrades
More about this property
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