Triplex with Remodeled
700 Murphy Avenue, Lagrange, GA 30240
For Sale
New
$309,900
Separate electric meters serve each residence, and the roof is approximately three years old.
Property Size1,918 SF
Days on Market4
Property Features for 700 Murphy Avenue
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Amenities
0.48 acres
Public Sewer
Parcel Number: 0601B001008, Annual Amount: $1,646.2, Lot: 1, Year: 2025
Electric, Gas, Ceiling Fan(s), Central Air, Heat Pump, Window Unit(s)
Natural Gas, Central
In Unit
Listing ID: 10884393, Standard Status: Active, MLS Status: New, On market as of 2026-11-03, 1 day on market, Special Conditions: As Is
3 total parking spaces, Off Street, Parking Pad
Elementary School: Weathersbee, Middle School: Gardner Newman, High School: Lagrange
Crawl Space
Built in 1918, Levels: One, Construction Materials: Concrete
County/Parish: Troup
Resale
Electricity Individual Meters, Gas Individual Meters, Water Billing Prorated, Sewer Connected, Water Source: Public
Close Of Escrow
Energy Efficiency: Windows
Fee Includes: None
Building Details
Building Size
Year Built
Listing Agency:
Go Realty
(706) 884-3882
Listed By:
Mark Hubbard · License #348724
(706) 668-7253
Source:
Blackstreaminternational
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 6 at 9:20AM
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 Go Realty
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Investment Insights
Based on property information with market context.
Built in 1918, this triplex has three residences with differing levels of interior finish: Unit A has been remodeled, while Units B and C are described as rentable. The property also has new windows and fresh exterior paint. The roof is approximately three years old.
Electricity is separately metered for each unit. Water is billed collectively, with occupants in Units B and C contributing toward the expense. The property is located at 700 Murphy Avenue in LaGrange, Georgia.
Electricity is separately metered for each unit. Water is billed collectively, with occupants in Units B and C contributing toward the expense. The property is located at 700 Murphy Avenue in LaGrange, Georgia.
Key Highlights
- Three‑unit property built in 1918
- Roof is approximately 3 years old
- Unit A has been remodeled; Units B and C are in rentable condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,365
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,300
$307.3K
Cap Rate 7%
$219,500
$219.5K
Cap Rate 9%
$170,722
$170.7K
Market Conditions
NOI Build-Up for 1,918 SF
Gross rent
$23.5K $12.24/SF
− Vacancy
−$1.5K −$0.80/SF
EGI
$22.0K $11.44/SF
− OpEx
−$6.6K −$3.43/SF
NOI
$15.4K $8.01/SF
Area
Troup County, GA
Vacancy
6.50%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,300
Cap Rate 7%
$219,500
Cap Rate 9%
$170,722
Alternative Uses
Best Use
Multifamily LT 5
$219.5K
$192.1K – $256.1K
NOI $15,365 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$196.8K
$172.2K – $229.6K
NOI $13,774 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$429.2K
$375.5K – $500.7K
NOI $30,041 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
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Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Separate electric meters serve each residence, and the roof is approximately three years old.
Where is this triplex located?
The property is located at 700 Murphy Avenue Lagrange, GA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Three‑unit property built in 1918; Roof is approximately 3 years old; Unit A has been remodeled; Units B and C are in rentable condition
