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$1,500,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 8 hours ago
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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 for 131 Cleveland St

General

  • Price: $1,500,000
  • Taxes: $5,885 (24)
  • Status: Active
  • Type: Multi-Family
  • Source: GAMLS_Atlanta
  • MLS ID: 10678943
  • Updated: 2/1/2026
  • Added to Site: 1 day(s) ago

Rooms

Bedrooms

  • Total Bedrooms: 6

Parking

  • Parking Features: Off-Street, Parking Pad

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.

School Information

  • Elementary School: Tussahaw
  • Middle School: McDonough Middle
  • High School: McDonough

Community

  • Assoc. Fees Include: None

Heating & Cooling

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

Utilities

  • Water/Sewer: Public Sewer
  • Utility Description: Electricity Individual Meters, Sewer Connected, Individual Water Meters

Structural Information

  • Construction Status: Updated/Remodeled
  • Basement Desc.: None
  • Stories/Levels: Two
  • Year Built: 1970

Unit Information

Unit 1

  • Unit Description: Dishwasher, Living Room, Range/Oven, Refrigerator, Smoke/Fire Alarm
  • Square Feet: 854
  • Bedrooms: 2

Unit 2

  • Unit Description: Dishwasher, Living Room, Range/Oven, Refrigerator, Smoke/Fire Alarm
  • Square Feet: 864
  • Bedrooms: 2

Unit 3

  • Unit Description: Dishwasher, Living Room, Range/Oven, Refrigerator, Smoke/Fire Alarm
  • Square Feet: 854
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.8
  • Lot Size Range: .8
  • Lot Size Source: Public Records

Financial Considerations

  • Tax Amount: $5,885.47
  • Tax Year: 24

Listing Courtesy of: NorthGroup Real Estate Inc

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Listing agent

— 131 Cleveland St —

  • NorthGroup Real Estate Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 131 Cleveland St

School District:Henry County School District
NameGradesDistance
Tussahaw Elementary School
225 Coan Drive, McDonough, GA 30252
PK-53.9 mi
Henry County Middle School
175 Postmaster Dr, McDonough, GA 30253
6-80.8 mi
McDonough High School
155 Postmaster Dr, McDonough, GA 30253
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 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
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 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.

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with our affiliated lender
NMLS#: 1598647

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Listing Courtesy of: NorthGroup Real Estate Inc

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131 Cleveland Street, McDonough, GA 30253 (MLS# 10678943) is a Multi-Family property with 8 units containing 6 bedrooms and 0 full bathrooms. 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 Multi-Family real estate for sale in McDonough? You can browse all McDonough real estate or contact a Coldwell Banker agent to request more information.

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