Newer Duplex in
459 Merrywood Drive Lagrange, GA 30241
For Sale
$275,000
MULTI_FAMILY - Lagrange, GA
Property Size1,296 SF
Lot Size0.17 Acres
Price / SF$212.19
Days on Market128
Property Features for 459 Merrywood Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Parking
4
Appliances
Range, Refrigerator, Washer
Standard status
Active
APN
0504C006039
Size
1,296 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
2022
Number of units
2
Listing Agency:
Coldwell Banker / Kennon, Parker, Duncan & Davis
(706) 256-1000
Listed By:
Tyler Ward · License #124301
(706) 577-4554
Added: Mar 23
Changed: Jun 9
Last Checked: Jul 28 at 12:06AM
MLS# 228070
Copyright © 2026 Columbus Board of Realtors (GA). 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 duplex, constructed in 2022, presents an investment opportunity in LaGrange, Georgia. The property is located minutes from downtown LaGrange, providing convenient access to shopping, dining, and local amenities. The building features low-maintenance vinyl siding and newer architectural shingle roofs. One of the units is currently tenant-occupied. The lot size is 0.17 acres, and the property size is 1296 square feet.
Key Highlights
- 2022‑built duplex with vinyl siding and newer architectural shingle roofs
- One unit is currently tenant‑occupied
- Appliances include range, refrigerator, and washer
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 | $15.9k | $12.24 |
| − Vacancy | −$1.0k | −$0.80 |
| EGI | $14.8k | $11.44 |
| − OpEx | −$4.4k | −$3.43 |
| NOI | $10.4k | $8.01 |
1,296 SF · lease $12.24/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$148.3K
$129.8K – $173.0K
NOI $10,382 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$133.0K
$116.3K – $155.1K
NOI $9,307 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$290.0K
$253.7K – $338.3K
NOI $20,299 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - 2022 duplex near downtown LaGrange, offering investment potential.
Where is this duplex located?
The property is located at 459 Merrywood Drive Lagrange, GA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2022‑built duplex with vinyl siding and newer architectural shingle roofs; One unit is currently tenant‑occupied; Appliances include range, refrigerator, and washer
