131 Cleveland Street, McDonough, GA 30253 - Photo 1

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$1,500,000 Just Listed

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Commercial

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Property Description

131 Cleveland Street is an eight-unit multifamily investment property located in the City of McDonough, just minutes from the historic downtown square, McDonough Crossing, and the Highway 42 and I-75 corridors that support strong rental demand throughout Henry County. The property has undergone significant recent improvements, with seven of the eight units renovated, and all units outfitted with individual tankless water heaters to reduce long-term maintenance exposure. Tenants pay all utilities including electric, water, sewer, and trash, keeping owner expenses extremely low.

Full Property Details

Full Property Details for 131 Cleveland St

General

Price: $1,500,000
Taxes: $5,885 (24)
Status: Active
Type: Commercial
Source: GAMLS_Atlanta
MLS ID: 10678940
Updated: 2/1/2026
Added to Site: 3 day(s) ago

Interior

Flooring: Laminate

Location

County: Henry
Driving Directions: Follow I-75 S to Jonesboro Rd in Henry County. Take exit 221 from I-75 S. Continue on Jonesboro Rd. Drive to Cleveland St in McDonough.

Heating & Cooling

Cooling Type: Central Air, Electric
Heating Type: Central, Electric

Utilities

Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available

Structural Information

Construction Status: Updated/Remodeled
Roof: Composition
Square Feet: 6,832
Sq. Ft. Source: Public Records
Year Built: 1970

Lot Features

Lot Size (Acres): 0.8
Lot Size Range: .8
Lot Size Source: Public Records
Frontage Feet: 174
Lot Description: City Lot, Level, Near Public Transit

Financial Considerations

Tax Amount: $5,885.47
Tax Year: 24

Listing Courtesy of: NorthGroup Real Estate Inc

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Schools

Schools serving 131 Cleveland St

School District:Henry County School District

Name	Grades	Distance
Tussahaw Elementary School 225 Coan Drive, McDonough, GA 30252	PK-5	3.9 mi
Henry County Middle School 175 Postmaster Dr, McDonough, GA 30253	6-8	0.8 mi
McDonough High School 155 Postmaster Dr, McDonough, GA 30253	9-12	0.5 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 131 Cleveland St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/01/2026

Listed

$1,500,000

185.71%

MLS

9/02/2021

Sold

$525,000

—

Public Record

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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

Tax History for 131 Cleveland St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$6,673

31%

$178,480

6%

2023

$5,080

—

$169,040

26%

2023

$5,080

-3%

$134,640

-1%

2022

$5,234

-3%

$135,800

-1%

2021

$5,383

-1%

$137,000

3%

2019

$5,423

-1%

$133,480

-3%

2020

$5,455

12%

$138,160

16%

2018

$4,857

-1%

$119,400

—

2017

$4,912

—

$119,400

—

2016

$4,909

-4%

$119,400

—

2015

$5,106

2%

$119,400

—

2014

$5,013

-1%

$119,400

—

2013

$5,044

—

$119,400

—

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.

Estimate the Cost

Estimate the Cost for 131 Cleveland St

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131 Cleveland Street, McDonough, GA 30253 (MLS# 10678940) is a Commercial property. 131 Cleveland Street is currently listed for $1,500,000 and was received on February 01, 2026. Want to learn more about 131 Cleveland Street? Do you have questions about finding other Commercial real estate for sale in McDonough? You can browse all McDonough real estate or contact a Coldwell Banker agent to request more information.

131 Cleveland St McDonough, GA 30253