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10-Unit Apartment Building
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400 S Center St, Thomaston, GA 30286

Fully occupied multifamily property with renovated interiors, a new roof, and separately metered utilities.

Property Size11,378 SF
Price / SF$92.28
Days on Market223

Property Features for 400 S Center St

General Information

Standard status Active
Size 11,378 SF
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 8 x 2BR/2BA, 2 x 2BR/1.5BA
Multifamily Units 10

Additional Details

Asking Price $1,050,000

Building Details

Year Built 1987
Buildings 2
Stories 2
Units 10
Listing Agency: Marcus & Millichap - Atlanta
Listed By: Harold Shepard · License #445263
Source: Crexi
Added: Jan 21 Changed: Aug 31 Last Checked: Aug 30 at 9:23PM

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 Marcus & Millichap - Atlanta

Investment Insights

Based on property information with market context.

This 10-unit apartment property contains 11,378 square feet and was built in 1987. The unit mix includes eight 2-bed/2-bath apartments and two 2-bed/1.5-bath apartments. Renovated interiors and a new roof are in place, while individual metering places water and electricity billing with tenants.

The property is located two blocks from Downtown Thomaston, with retail, dining, and employment nearby. Occupancy is reported at 100%, providing an established operating profile for the asset.

Key Highlights

  • 10‑unit apartment property totaling 11,378 square feet
  • Eight 2‑bed/2‑bath units and two 2‑bed/1.5‑bath units
  • 100% occupancy

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Cafe & Coffee Shop Electrical Service Kitchen & Bath Showroom Catering Service Daycare Center

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

10
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

644
Businesses Nearby

Demographics for 30286, GA

24,115
Population
10,903
Households
2.2
Avg Household Size
42
Median Age
15%
College-Educated
85%
High-School Grad
199.3 sq mi
ZIP Area
121
Density / Sq Mi
$50,526
Median Household Income
$36,996
Median Earnings
$781
Median Rent
$150,700
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 - Fully occupied multifamily property with renovated interiors, a new roof, and separately metered utilities.
Where is this apartment building located?
The property is located at 400 S Center St Thomaston, GA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 10‑unit apartment property totaling 11,378 square feet; Eight 2‑bed/2‑bath units and two 2‑bed/1.5‑bath units; 100% occupancy
More about this property
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