Duplex with Updated
246 Lagrange Street, Newnan, GA 30263
For Sale
$315,000
Each residence offers two bedrooms, two full bathrooms, and parking for up to four vehicles.
Property Size1,982 SF
Days on Market8
Property Features for 246 Lagrange Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
0.48 acres
Public Sewer
Parcel Number: N45 0005 022, Annual Amount: $1,589, Year: 2025
Ceiling Fan(s), Central Air, Electric
Central, Electric, Forced Air
Listing ID: 10883219, Standard Status: Active, MLS Status: New, On market as of 2026-11-02, 5 days on market, Special Conditions: Agent Owned
8 total parking spaces, Off Street
Elementary School: Elm Street, Middle School: Evans, High School: Newnan
Built in 1982, Levels: One, Construction Materials: Brick
Subdivision: Newnan, County/Parish: Coweta
Resale
Walk To Public Transit, Walk To Schools, Walk To Shopping
Water Source: Public
Water Body Name: None
Association Fee: $0, Fee Includes: None
Building Details
Building Size
Year Built
Listing Agency:
Atlanta Fine Homes - Sotheby's Int'l
(404) 237-5000
Listed By:
Charles W Jones · License #260067
(404) 261-2700
Source:
Blackstreaminternational
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 5:59AM
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 Fine Homes - Sotheby's Int'l
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1982 duplex contains two residences, each with two bedrooms and two full bathrooms. Recent work includes interior and exterior painting, luxury vinyl flooring, kitchen countertops, sinks and faucets, and new kitchen appliances. The roof was replaced in 2021.
Parking in front can accommodate as many as four vehicles per unit. The property is near Newnan High School and a short drive from downtown Newnan.
Parking in front can accommodate as many as four vehicles per unit. The property is near Newnan High School and a short drive from downtown Newnan.
Key Highlights
- Two residences, each with 2 bedrooms and 2 full bathrooms
- Recent interior and exterior painting, luxury vinyl flooring, kitchen countertops, sinks, faucets, and appliances
- Roof installed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,861
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,220
$497.2K
Cap Rate 7%
$355,157
$355.2K
Cap Rate 9%
$276,233
$276.2K
Market Conditions
NOI Build-Up for 1,982 SF
Gross rent
$49.9K $25.20/SF
− Vacancy
−$4.7K −$2.39/SF
EGI
$45.2K $22.81/SF
− OpEx
−$20.3K −$10.26/SF
NOI
$24.9K $12.54/SF
Area
Coweta County, GA
Vacancy
9.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,220
Cap Rate 7%
$355,157
Cap Rate 9%
$276,233
Alternative Uses
Best Use
Apartment 5plus
$355.2K
$310.8K – $414.4K
NOI $24,861 @ 7.0% cap · market cap 7.89%
Second Best
Multifamily LT 5
$300.2K
$262.7K – $350.3K
NOI $21,015 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$554.0K
$484.8K – $646.4K
NOI $38,783 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, two full bathrooms, and parking for up to four vehicles.
Where is this duplex located?
The property is located at 246 Lagrange Street Newnan, GA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 full bathrooms; Recent interior and exterior painting, luxury vinyl flooring, kitchen countertops, sinks, faucets, and appliances; Roof installed in 2021
