284 Newnan St

Franklin, GA 30217

$515,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a house with garden
a kitchen with a refrigerator a stove top oven a sink and dishwasher
a view of a room with a sink
an empty room with a window
a view of a hallway with wooden floor
a view of small space

Description

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....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.
  1. Listed by Rachel Boyd • Real Broker LLC

Property Details for 284 Newnan Street

Subdivision
None
Fees Include
None
Parking
Attached
LISTING UPDATED: 11/17/2025 08:23 AM

Property Details for 284 Newnan Street

StatusActive
MLS #10636222
Days on Market110
Taxes$1,165 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family (5+ Units)
Year Built1910
Lot Size1.45 AC / 63,162 SF
CountyHeard County

Location

Listing Courtesy of Real Broker LLC, Rachel Boyd
Add your commute

Building Information for 284 Newnan Street

Stories2Residences5Year Built1910Building Size-Lot Size1.45 AC / 63,162 SF

Payment Calculator

$2,607 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,510

Property Taxes

$97

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 284 Newnan Street

Summary
Location and General Information
  • Elementary School: Heard County
  • ES Bus: Yes
  • High School: Heard County
  • High School Bus: Yes
  • Middle School: Heard County
  • Middle School Bus: Yes
  • Amenities: None
  • 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.
Taxes and HOA
  • Association: No
  • Parcel Number: 0039 A 0075
Owner
  • Owner Pays: Trash Collection
Interior and Exterior Features
Interior Features
  • Total Fireplaces: 0
  • Laundry Features: In Unit
  • Basement Description: None
Property
Utilities
  • Cooling: Window Unit(s)
  • Heating Type: Other
  • Water/Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public
Property and Assessments
  • Tax Year: 24
  • Construction: Brick, Wood Siding
  • Stories: Two
  • Property Condition: Resale
Lot Information
  • Structure: Multi Family (5+ Units)
  • Foundation Details: Pillar/Post/Pier
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
  • Annual Gross Income: $4,100.00
Unit 1
  • Unit Type Description: 3 bed/1 bath
  • Unit Type Beds Total: 3
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Features: Living Room, Range/Oven, Refrigerator

Property History for 284 Newnan Street

DateEvent & SourcePriceAppreciation
Jan 17, 2025

Sold (Public Record)

Public Record #1549632800

$400,000—
DateEvent & SourcePrice
01/17/2025

Sold (Public Record)

Public Record #1549632800

$400,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 284 Newnan Street

Taxable ValueLand$9,860Additions$39,933Total$49,793
Tax Record2024$1,191 ($99 / month)
Home Facts
Baths6Total Finished SqFt3,392 SqFtAbove Grade Finished SqFt3,392 SqFtStories2Lot Size63,162 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900Year Renovated1965ZoningRESIDENTIALCountyHEARDAPN0039-A-0075

Schools near 284 Newnan Street

This home is within Heard County School District.
Rating
School
Type
Grades
Distance
Heard County Elementary School
Public - PK to 5
Arrow Academy Alternative School
Public - 6 to 12
New Heard County High School
Public - 9 to 12
Heard County Middle School
Public - 6 to 8
Rating
School
Distance
Heard County Elementary School
PublicPK to 5

Arrow Academy Alternative School
Public6 to 12

New Heard County High School
Public9 to 12

Heard County Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 284 Newnan Street, Franklin, GA 30217

284 Newnan Street is a multi-family home for sale in Franklin, GA 30217. This property was listed for sale on November 2, 2025 by Real Broker LLC, it's currently listed at $515,000. It has been on the market for a total of 110 days and was last sold on January 17, 2025. This listing's school district is Heard County School District. Nearby schools include Heard County Elementary School, Arrow Academy Alternative School and New Heard County High School. 284 Newnan Street is a 0-bed, 0-bath, multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker LLC, Rachel Boyd

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.