Renovated Four-Unit
New
For Sale
$650,000
73 75 77 79 April Avenue, Stockbridge, GA 30281
Long-term tenants occupy the property, which sits on a private cul-de-sac near everyday retail and regional transportation.
Property Size1,984 SF
Days on Market7
Property Features for 73 75 77 79 April Avenue
General Information
Standard status
Active
Size
1,984 SF
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
4
Amenities
Septic Tank
Parcel Number: 032C03008000, Annual Amount: $5,107.67, Year: 2025
Electric, Central Air
Natural Gas, Central, Forced Air
In Unit
Listing ID: 10870288, Standard Status: Active, MLS Status: New, On market as of 2026-10-09, Special Conditions: Investor Owned
Parking Pad
Elementary School: Pates Creek, Middle School: Dutchtown, High School: Dutchtown
Built in 1984, Levels: Two, Construction Materials: Aluminum Siding, Vinyl Siding, Brick
Subdivision: Springfield Acres, County/Parish: Henry
Resale
Electricity Individual Meters, Water Billing Prorated, Water Source: Public
Slab
Close Of Escrow
Fee Includes: None
Building Details
Building Size
1,984 SF
Year Built
1984
Buildings
1
Listing Agency:
Pinnacle Realtors
(770) 787-4028
Listed By:
Tonya Bullard · License #210554
(678) 898-0931
Source:
Blackstreaminternational
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 8:50PM
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 Pinnacle Realtors
Investment Insights
Based on property information with market context.
This four-unit residential income property was built in 1984 and has been recently renovated. Long-term tenants currently occupy the units.
The property is located on a private cul-de-sac in Stockbridge, Georgia, near shopping, restaurants, grocery stores, an interstate, and the airport.
The property is located on a private cul-de-sac in Stockbridge, Georgia, near shopping, restaurants, grocery stores, an interstate, and the airport.
Key Highlights
- Four‑unit property
- Recently renovated
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,827
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,540
$576.5K
Cap Rate 7%
$411,814
$411.8K
Cap Rate 9%
$320,300
$320.3K
Market Conditions
NOI Build-Up for 1,984 SF
Gross rent
$44.0K $22.20/SF
− Vacancy
−$2.9K −$1.44/SF
EGI
$41.2K $20.76/SF
− OpEx
−$12.4K −$6.23/SF
NOI
$28.8K $14.53/SF
Area
Henry 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%
$576,540
Cap Rate 7%
$411,814
Cap Rate 9%
$320,300
Alternative Uses
Best Use
Multifamily LT 5
$411.8K
$360.3K – $480.5K
NOI $28,827 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$380.8K
$333.2K – $444.2K
NOI $26,653 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$554.6K
$485.3K – $647.0K
NOI $38,822 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 30281, GA
69,540
Population
29,546
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
69.3 sq mi
ZIP Area
1,003
Density / Sq Mi
$70,587
Median Household Income
$43,672
Median Earnings
$1,427
Median Rent
$235,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Long-term tenants occupy the property, which sits on a private cul-de-sac near everyday retail and regional transportation.
Where is this quadplex located?
The property is located at 73 75 77 79 April Avenue Stockbridge, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit property; Recently renovated; Built in 1984
