Brick
New
For Sale
$324,997
280 Rock Island Lane, Ellenwood, GA 30294
MULTI_FAMILY - Ellenwood, GA
Property Size2,168 SF
Lot Size0.07 Acres
Price / SF$149.91
Days on Market7
Property Features for 280 Rock Island Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Subdivision
FAIRVIEW STATION
Elementary school
Fairview
Middle school
Austin Road
High school
Stockbridge
Directions
GPS Friendly
Standard status
Active
APN
12201053000
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5042
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Hot Water(Heating), Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Building materials
Brick
Listing Agency:
Atlanta Communities
(404) 844-4198
Listed By:
Terrell Day
(404) 590-3591
Added: Jul 25
Changed: Jul 30
Last Checked: Jul 31 at 9:06AM
MLS# 10815469
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.
Brick duplex at 280 Rock Island Lane, Ellenwood, GA, built in 1985 and designed as two separate 2-bedroom, 2-bath units. The property totals 2,168 square feet of living space and is tenant-occupied, supporting immediate rental use. Each unit includes a functional layout with a living area, well-sized bedrooms, and private bathrooms.
The duplex sits on a 0.07-acre lot. Heating is provided via natural gas with forced-air systems and hot water heating, and cooling includes ceiling fans and central air. Water service is public, while sewer is a septic tank.
With its current in-place occupancy and a duplex configuration featuring two self-contained units, this property can fit investors looking for a manageable multifamily asset in the Ellenwood area with convenient access to major regional routes and amenities.
The duplex sits on a 0.07-acre lot. Heating is provided via natural gas with forced-air systems and hot water heating, and cooling includes ceiling fans and central air. Water service is public, while sewer is a septic tank.
With its current in-place occupancy and a duplex configuration featuring two self-contained units, this property can fit investors looking for a manageable multifamily asset in the Ellenwood area with convenient access to major regional routes and amenities.
Key Highlights
- Tenant‑occupied duplex with two 2‑bedroom, 2‑bath units
- 2,168 total square feet of living space
- Built in 1985 with brick construction
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.5k | $26.04 |
| − Vacancy | −$3.5k | −$1.61 |
| EGI | $53.0k | $24.43 |
| − OpEx | −$23.8k | −$10.99 |
| NOI | $29.1k | $13.43 |
2,168 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.0K
$393.8K – $525.0K
NOI $31,501 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$416.1K
$364.1K – $485.4K
NOI $29,125 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$606.0K
$530.3K – $707.1K
NOI $42,423 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 30294, GA
43,552
Population
16,191
Households
2.7
Avg Household Size
39
Median Age
27%
College-Educated
90%
High-School Grad
32.7 sq mi
ZIP Area
1,332
Density / Sq Mi
$76,731
Median Household Income
$44,075
Median Earnings
$1,622
Median Rent
$233,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with two 2-bedroom, 2-bath units built in 1985.
Where is this duplex located?
The property is located at 280 Rock Island Lane Ellenwood, GA.
What is the asking price?
The asking price for this property is $324,997.
What are key features of this property?
This property features: Tenant‑occupied duplex with two 2‑bedroom, 2‑bath units; 2,168 total square feet of living space; Built in 1985 with brick construction
