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Renovated Quadplex with Townhome Layout
For Sale
$755,000

22 Pratt Street, Newnan, GA 30263

Residential Income, Newnan, GA

Property SizeContact for details
Lot Size0.36 Acres
Days on Market48

Property Features for 22 Pratt Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Parking 8
Parking features Parking Lot
Window features Insulated Windows, Double Pane Windows
Lot features Level, Sloped
Elementary school Ruth Hill
Middle school Smokey Road
High school Newnan
Directions From West Washington to L on Pratt Street, Apartment complex is at Lovelace and Pratt
Standard status Active
APN N25 0003 003B
Lot size 0.36 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6789

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Electric, Central Air
Water source Public

Building Details

Year built 1983
Floors in Building 2
Number of units 4
Flooring type Vinyl, Laminate
Building materials Brick 4 Sides
Roof type Composition, Shingle
Listing Agency: Mark Spain Real Estate
Listed By: MARK SPAIN · License #178501
Added: Jul 15 Changed: Aug 25 Last Checked: Aug 31 at 3:06AM
MLS# 7804018

Copyright © 2026 First Multiple Listing Service, Inc. 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 quadplex contains four two-story townhome-style residences, each offering three bedrooms and one-and-a-half baths. The property was renovated in 2021 with replacement windows, doors, vents, gutters, porch posts, siding, fire alarm equipment, plumbing, electrical wiring and panels, recessed lighting, insulation, sheetrock with double-layer firewalls, kitchen appliances, granite kitchen vanities and updated bathrooms. Central dual-zoned HVAC serves the building, with vinyl and laminate flooring throughout the units.

Each residence has individual water and electric meters, and utilities are paid by the tenants. All four units are currently leased, with stated lease terms extending from six months to one year. The 0.36-acre property includes a parking lot and is constructed with brick on all four sides. Public water and public sewer serve the site.

Key Highlights

  • Four two‑story townhome‑style units, each with 3 bedrooms and 1.5 baths
  • 2021 renovation included windows, siding, electrical systems, plumbing, kitchens, bathrooms and fire alarm equipment
  • Individual water and electric meters; tenants pay utilities

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.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four two-story residences provide three bedrooms and one-and-a-half baths each, with separately metered tenant-paid utilities.
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 $755,000.
What are key features of this property?
This property features: Four two‑story townhome‑style units, each with 3 bedrooms and 1.5 baths; 2021 renovation included windows, siding, electrical systems, plumbing, kitchens, bathrooms and fire alarm equipment; Individual water and electric meters; tenants pay utilities
More about this property
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