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16-Unit Single-Story Brick Apartment Community
For Sale
$1,500,000

40 Park Place, Lenox, GA 31637

Residential Income, Lenox, GA

Property Size3,224 SF
Lot Size2.06 Acres
Price / SF$465.26
Days on Market52

Property Features for 40 Park Place

General Information

Property type Residential Multi Family
Property subtype Other
Interior features Cable TV, Paved Drive
Subdivision Cook
Standard status Active
Size 3,224 SF
Lot size 2.06 Acres

Building Details

Number of units 16
Listing Agency: Premier Realty Group of GA
Listed By: Sherry Joyce
Added: Jun 30 Changed: Aug 19 Last Checked: Aug 20 at 2:06PM
MLS# 117897

Copyright © 2026 Douglas Coffee County Board of Realtors. 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 16-unit apartment complex is a single-story brick community presented as well-maintained. The property includes ample paved parking and outdoor green space. As configured, it offers a straightforward multifamily arrangement for investors and operators looking for an existing rental property.

Located at 40 Park Place in Lenox, Georgia 31637 in Cook County, the community is described as being in a quiet neighborhood setting. Public remarks note convenience to schools, shopping, dining, and major employers.

For buyers seeking a small apartment building investment, this property provides an existing 16-unit base with on-site parking and common outdoor space. Rent roll, occupancy information, and financials are available to qualified buyers upon request, which can support underwriting and decision-making during the sale process.

Key Highlights

  • 16‑unit apartment complex in Lenox, GA
  • Single‑story brick community
  • Ample paved parking and paved drive

Property Analytics

Current Use

Apartment buildings

Lease Details

16
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

85
Businesses Nearby

Demographics for 31637, GA

3,086
Population
1,360
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
79%
High-School Grad
82.5 sq mi
ZIP Area
37
Density / Sq Mi
$59,138
Median Household Income
$36,493
Median Earnings
$834
Median Rent
$112,500
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?
Apartment building - Well-maintained brick multifamily with paved parking and landscaped green space, offering an established 16-unit rental setup.
Where is this apartment building located?
The property is located at 40 Park Place Lenox, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 16‑unit apartment complex in Lenox, GA; Single‑story brick community; Ample paved parking and paved drive
More about this property
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