About This Home

This 0-bedroom, 0-bathroom multi-family at 700 Murphy Avenue in Lagrange, GA is listed for $309,900. Built in 1918, on a 0.48 acres lot.

Key Features

  • Built in 1918
  • 0.48 acre lot
  • 3 parking spaces

Property Details

1 story
3 spaces
1918

Amenities

A/C
Listing Description

This triplex offers a great investment opportunity with several recent improvements and strong rental income. The roof is approximately 3 years old, and the property features new windows and fresh exterior paint. Unit A has been recently remodeled, while Units B and C are in good, rentable condition.

Rental rates have recently been increased, with the current monthly rents as follows: Unit A: $825 per month (recently leased), Unit B: $955 per month, Unit C: $1,350 per month Total Monthly Rental Income: approx $3,130 and Annual Gross Rental Income: approx $37,560Each unit is separately metered for electricity.

Water is billed collectively, with tenants in Units B and C contributing $25 per occupant toward the monthly water expense. Unit B currently contributes $50 per month, while Unit C contributes $100 per month, for a total of $150 in water reimbursements.

The average monthly water bill is approximately $120. With recent capital improvements, established rental income, and tenant contributions toward utility expenses, this property presents an attractive opportunity for an investor looking to add an income-producing property to their portfolio.

Monthly Cost Estimate

$1,657/mo

20% down · 6.5% · 30 years

Principal$224
Interest$1,343
Insurance$90

Estimates only. Actual payments may vary.

Location

700 Murphy Avenue

Lagrange, GA 30240

Property Details

Construction

Concrete

Parking

Off Street

Heating

Natural GasCentral

Cooling

ElectricCeiling Fan(s)Central AirGas (Cooling)Window Unit(s)Heat Pump

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 700 Murphy Avenue is listed at $309,900. The estimated monthly payment is $1,657 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1918, 0.48 acre lot, 3 parking spaces.

This property is listed by Mark Hubbard.

MH

Mark Hubbard

Agent at GO Realty

Listed by GO Realty · Broker phone: (706) 884-3882 · View on Broker Site · Broker website

MLS# 10884393· Source: Georgia Multiple Listing Service· 5 days on PropertySimple

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.

700 Murphy Avenue, Lagrange, GA 30240

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