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$515,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Total Beds
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284 Newnan Street is a five-unit residential income property with four units already leased and producing consistent returns. Current gross monthly rent brings in roughly $4,000 per month. This property offers stable in-place income while leaving room for expansion. Each unit features separate water and gas meters, fresh interior paint, and updated appliances. The fifth unit is vacant and ready for renovation, providing a simple and immediate value-add opportunity that can push cash flow even higher. Located in a peaceful area of Franklin and close to town, this property could be a strong, long-term, income-producing real estate asset with dependable cash flow and room for future growth.

Full Property Details for 284 Newnan St

General

  • Price: $515,000
  • Taxes: $1,165 (24)
  • Status: Active
  • Type: Multi-Family
  • Source: GAMLS_Atlanta
  • MLS ID: 10636222
  • Updated: 11/17/2025
  • Added to Site: 76 day(s) ago

Rooms

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: In Unit

Parking

  • Parking Features: Attached

Location

  • County: Heard
  • Driving Directions: From Newnan: Take GA 34 West towards Franklin. Continue into Heard County. Take a slight left onto Newnan St. Property is on your left. From Carrollton: Take US-27 South Towards Roopville. Follow signs for GA-34 West. Turn Left onto GA-34 West towards Franklin. Take a slight left onto Newnan Street. Property is on your left. From LaGrange: Take US-27 North towards Carrollton. Follow signs for GA-34 West. Turn left onto GA-34 West towards Franklin. Take a slight left onto Newnan St. Property is on your left.

School Information

  • Elementary School: Heard County
  • Middle School: Heard County
  • High School: Heard County

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Other

Utilities

  • Water/Sewer: Public Sewer
  • Utility Description: Sewer Connected

Structural Information

  • Construction Status: Resale
  • Basement Desc.: None
  • Stories/Levels: Two
  • Year Built: 1910

Unit Information

Unit 1

  • Unit Description: Range/Oven, Refrigerator
  • Bedrooms: 1

Unit 2

  • Unit Description: Range/Oven, Refrigerator
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 1.45
  • Lot Size Range: 1.45
  • Lot Size Source: Public Records

Financial Considerations

  • Tax Amount: $1,165.08
  • Tax Year: 24

Disclosures and Reports

  • Special Conditions: Investor-Owned

Listing Courtesy of: Real Broker LLC

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Listing agent

— 284 Newnan St —

  • Real Broker LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 284 Newnan St

School District:Heard County School District
NameGradesDistance
New Heard County High School
545 Main Street, Franklin, GA 30217
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 284 Newnan St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/01/2025
Listed
$515,000
28.75%
MLS
1/17/2025
Sold
$400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 284 Newnan St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,191
22%
$49,793
26%
2023
$975
11%
$39,605
2%
2022
$875
-17%
$38,676
-17%
2021
$1,048
1%
$46,321
1%
2020
$1,039
2%
$45,918
—
2019
$1,019
—
$45,919
—
2018
$1,021
3%
$45,919
5%
2017
$989
—
$43,793
—
2016
$989
21%
$43,793
22%
2015
$816
—
$36,038
—
2014
$818
-5%
$36,042
-6%
2013
$860
—
$38,466
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listing Courtesy of: Real Broker LLC

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284 Newnan Street, Franklin, GA 30217 (MLS# 10636222) is a Multi-Family property with 5 units containing 2 bedrooms and 0 full bathrooms. 284 Newnan Street is currently listed for $515,000 and was received on November 01, 2025. Want to learn more about 284 Newnan Street? Do you have questions about finding other Multi-Family real estate for sale in Franklin? You can browse all Franklin real estate or contact a Coldwell Banker agent to request more information.

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