18-Unit Townhome Apartment
632 Madison Street, Commerce, GA 30529
For Sale
$4,850,000
Residential Income, Commerce, GA
Property SizeContact for details
Lot Size5.76 Acres
Days on Market121
Property Features for 632 Madison Street
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Listing Agency:
Re/Max Tru, Inc. · RE/MAX International
Listed By:
Tamra J Wade · License GA #214598
(770) 502-6230
Added: Jul 13
Changed: Oct 15
Last Checked: Nov 10 at 5:06PM
MLS# 10804744
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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This 18-unit apartment community is arranged across nine duplex buildings on 5.76 acres. Each residence is an end unit with approximately 1,866 square feet, three bedrooms, 2.5 bathrooms, and an attached two-car garage. Interior details include granite counters, white shaker cabinets, stainless steel appliances, luxury vinyl plank flooring, and ceiling fans. Heating is electric, with central air conditioning. Public water and sewer serve the property.
The community is in Commerce along the I-85 corridor in Jackson County. Employers identified in the surrounding regional market include SK Battery America, Kubota Manufacturing, Northeast Georgia Health System, and the University of Georgia.
Seventeen of the 18 residences are occupied, representing 94.4% occupancy. Utilities are individually metered, and tenants pay electric, water and sewer, and trash expenses. The property is professionally managed. The stated projected stabilized NOI is approximately $269,444, with a 6.75% cap rate.
The community is in Commerce along the I-85 corridor in Jackson County. Employers identified in the surrounding regional market include SK Battery America, Kubota Manufacturing, Northeast Georgia Health System, and the University of Georgia.
Seventeen of the 18 residences are occupied, representing 94.4% occupancy. Utilities are individually metered, and tenants pay electric, water and sewer, and trash expenses. The property is professionally managed. The stated projected stabilized NOI is approximately $269,444, with a 6.75% cap rate.
Key Highlights
- 18 residences in nine duplex buildings on 5.76 acres
- 17 of 18 units occupied; 94.4% occupancy
- Each townhome is approximately 1,866 square feet, with 3 bedrooms and 2.5 bathrooms
Property Analytics
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Lease Details
18
Residential units
94.4%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
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Business Placement
Demographics for 30529, GA
12,033
Population
4,642
Households
2.6
Avg Household Size
38
Median Age
18%
College-Educated
84%
High-School Grad
50.5 sq mi
ZIP Area
238
Density / Sq Mi
$62,122
Median Household Income
$36,219
Median Earnings
$1,050
Median Rent
$234,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Apartment building - The community reports 94.4% occupancy, with residents separately metered for electric, water, sewer, and trash.
Where is this apartment building located?
The property is located at 632 Madison Street Commerce, GA.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: 18 residences in nine duplex buildings on 5.76 acres; 17 of 18 units occupied; 94.4% occupancy; Each townhome is approximately 1,866 square feet, with 3 bedrooms and 2.5 bathrooms
