8511 Pineland Drive, Jonesboro, GA 30238
- $406,000
- Sold Price
- $406,000
- List Price
- $350,000
- Closing Date
- Jan 13, 2026
- MLS#
- 7684169
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Triplex
- Lot Size
- 0.3738
- Subdivision
- Marsh Harbor
Property Description
This extensively upgraded brick triplex consists of three spacious townhome-style units, each offering 2 bedrooms and 2.5 baths — a rare and highly desirable layout that consistently attracts quality long-term tenants. The seller has completed $100,000+ of capital improvements over the past 12 months alone, including a brand-new architectural roof, full exterior lime-wash and repainting, upgraded bathrooms, new exterior doors and locksets, mechanical room improvements, water-heater upgrades, drywall repairs, fresh interior paint, and updated flooring and appliances in select units. Professionally maintained and fully occupied, the property provides a turnkey, low-maintenance investment opportunity. All three units are leased through mid-2026 with reliable, long-term tenants in place. Current rents of $1,040, $1,385, and $1,385 per month produce an annual gross income of $49,320. Based on existing income and typical operating expenses for similar multifamily assets, the property offers an in-place cap rate in the mid-6% range, with additional upside available over time. The size of the units are roughly 1260 square feet each. Given the extensive recent improvements and strong 2-bed/2.5-bath configuration, there is natural room for rent alignment at renewal as leases expire — without the need for disruptive or aggressive value-add strategies. Situated on a quiet corner lot in an established residential subdivision, the property features dedicated parking, a functional roommate-friendly layout, and convenient access to shopping, dining, and major transportation routes throughout Jonesboro and Clayton County. With major capex already completed and stable tenancy in place, this triplex represents a prime opportunity for investors seeking strong fundamentals and reliable long-term performance
Additional Information
- Stories
- Two
- Construction
- Brick Front
- Year Built
- 1986
- Neighborhood Amenities
- None
- Roof
- Composition
- Lot Dimensions
- 108x153x111x37x128
- Parking
- Driveway
- Lot Desc
- Corner Lot
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Swint
- Middle School
- Kendrick
- High School
- Jonesboro
- Acres
- 0.37
- Levels
- Two
- Taxes
- $6,378
Listing courtesy of Real Broker, LLC.. Selling Office: Compass.
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 FMLS. Last updated