131 Cleveland Street, McDonough, GA 30253

Local realty services provided by:ERA Hirsch Real Estate Team
131 Cleveland Street,McDonough, GA 30253
$1,500,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Coming Soon
Listed by: jennifer butler
Office: northgroup real estate inc
MLS#:10678943
Source:METROMLS

Price summary

  • Price:$1,500,000

About this home

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. Annual operating costs are limited to approximately $2,900 for lawn care and pest control, resulting in a pro forma NOI of approximately $135,700. Offered at $1,500,000, the property delivers a pro forma cap rate of approximately 9.05% with additional upside.

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Home facts

  • Year built:1970
  • Listing ID #:10678943
  • Updated:January 29, 2026 at 11:38 AM

Heating and cooling

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

Structure and exterior

  • Year built:1970

Schools

  • High school:McDonough
  • Middle school:McDonough Middle
  • Elementary school:Tussahaw

Utilities

  • Water:Public, Water Individual Meters
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,500,000
  • Tax amount:$5,885 (24)
MLS Logo2026 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed January 29, 2026

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