Income-Producing Duplex with
4494 Old Summerville Rd, Armuchee, GA 30105
Call to check price and availability
Well-maintained duplex with updated leases and potential for expansion.
Type:Multifamily
Property size:
2,505 SFPrice / SF:
$95/SF- Added:
- Mar 4, 2026
- Days on Market:
- 87
- Last Refresh:
- Mar 16 at 2:17 pm
Property Features for 4494 Old Summerville Rd
General Information
- Standard status
- Active
- Size
- 2,505 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1979
Listing agent Mandy Parker License #359374
Listing office Keller Williams Clarksville (404) 680-1228
Listing date Mar 4, 2026
Source Crexi
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 Keller Williams Clarksville
HighLights
- High Cap Rate: 13.6% cap rate indicates strong cash flow potential.
- Immediate Income: Both units are currently leased with updated one‑year leases, providing steady income from day one.
- Potential for Expansion: Includes a third septic tank, offering the possibility of adding a third unit.
- Recently Renovated Unit: One unit features new flooring, fresh paint, an updated kitchen, and a mini‑split HVAC system.
- Well‑Maintained Exterior: Freshly painted exterior ensures low maintenance and high curb appeal.
- Prime Location with Green Space: Desirable location with a peaceful green space behind the duplex.
Overview
This income-producing duplex is located in a prime location. Both units are leased with updated one-year leases in place. One unit has been recently renovated with new flooring, fresh paint, an updated kitchen, and a mini-split HVAC. The exterior has also been freshly painted. The property includes a third septic tank, previously used for a mobile home, opening the door for a potential third unit. There's a peaceful green space behind the duplex.
Local Financial Insights For Multifamily LT 5
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 | $25.6k | $10.20 |
| − Vacancy | −$1.7k | −$0.66 |
| EGI | $23.9k | $9.54 |
| − OpEx | −$7.2k | −$2.86 |
| NOI | $16.7k | $6.68 |
2,505 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$238.9K
$209.0K – $278.7K
NOI $16,723 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$215.4K
$188.4K – $251.3K
NOI $15,075 @ 7.0% cap · market cap 6.28%
Theoretical Best
Healthcare Medical
$415.1K
$363.2K – $484.3K
NOI $29,056 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Armuchee
- County
- Floyd
- State
- Georgia
- Longitude
- -85.21274
- Latitude
- 34.401882
FAQs
What type of property is this?
Duplex - Well-maintained duplex with updated leases and potential for expansion.
Where is this duplex located?
The property is located at 4494 Old Summerville Rd Armuchee, GA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: High Cap Rate: 13.6% cap rate indicates **strong cash flow potential**.; Immediate Income: Both units are currently leased with updated one‑year leases, providing steady income from day one.; Potential for Expansion: Includes a third septic tank, offering the possibility of adding a third unit.
