Updated Two-Unit
For Sale
$339,000
588 Hood Road, Talking Rock, GA 30175
Both residences have two bedrooms, one bathroom, and tenants in place.
Property Size1,973 SF
Days on Market10
Property Features for 588 Hood Road
General Information
Standard status
Active
Size
1,973 SF
Property subtype
Multifamily
Financials
Gross Income
$30,000
Average Monthly Rent
$1,250
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
0.33 acres
Public Sewer
Parcel Number: JA03 074, Annual Amount: $1,366, Lot: 15, Year: 2025
Central Air
Electric
Listing ID: 10874506, Standard Status: Active, MLS Status: New, On market as of 2026-10-16, 7 days on market, Special Conditions: Agent Owned
Kitchen Level
Middle School: Pickens
Built in 1973, Levels: One, Construction Materials: Wood Siding
Subdivision: Twin Oaks, County/Parish: Pickens
Resale
Electricity Individual Meters, Water Source: Public
Close Of Escrow
Water Body Name: NONE
Association Fee: $0, Fee Includes: None
Building Details
Building Size
1,973 SF
Year Built
1973
Listing Agency:
RE/MAX Town & Country
(706) 515-7653
Listed By:
The CALL CAT NOW Group · License #259673
(706) 889-9224
Source:
Blackstreaminternational
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 24 at 6:04PM
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 RE/MAX Town & Country
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with two bedrooms and one bathroom. Improvements include a new roof, decking, interior and exterior paint, and HVAC systems. The property was built in 1973, and tenants are already in place.
The property is at 588 Hood Road in Talking Rock, Georgia, just off Main Street in Jasper.
The property is at 588 Hood Road in Talking Rock, Georgia, just off Main Street in Jasper.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- New roof, decking, and HVAC systems
- Interior and exterior paint completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,667
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,340
$573.3K
Cap Rate 7%
$409,529
$409.5K
Cap Rate 9%
$318,522
$318.5K
Market Conditions
NOI Build-Up for 1,973 SF
Gross rent
$43.8K $22.20/SF
− Vacancy
−$2.8K −$1.44/SF
EGI
$41.0K $20.76/SF
− OpEx
−$12.3K −$6.23/SF
NOI
$28.7K $14.53/SF
Area
Pickens County, GA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,340
Cap Rate 7%
$409,529
Cap Rate 9%
$318,522
Alternative Uses
Best Use
Multifamily LT 5
$409.5K
$358.3K – $477.8K
NOI $28,667 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$378.6K
$331.3K – $441.8K
NOI $26,505 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$551.5K
$482.6K – $643.5K
NOI $38,607 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
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Business Placement
Demographics for 30175, GA
6,571
Population
2,763
Households
2.4
Avg Household Size
44
Median Age
17%
College-Educated
87%
High-School Grad
87.2 sq mi
ZIP Area
75
Density / Sq Mi
$66,595
Median Household Income
$40,027
Median Earnings
$987
Median Rent
$283,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, one bathroom, and tenants in place.
Where is this duplex located?
The property is located at 588 Hood Road Talking Rock, GA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; New roof, decking, and HVAC systems; Interior and exterior paint completed
