632 Madison St

Commerce, GA 30529

$5,287,383
Price
45
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Description

Exceptional investment opportunity to acquire Cotton Gin Row, a newly constructed 18-unit build-to-rent townhome community in the rapidly growing Commerce, Georgia market. The property consists of nine duplex buildings situated on approximately 5.76 acres, with every residence offering the privacy and appeal of an end unit. Each townhome features approximately 1,866 square feet, 3 bedrooms, 2.5 bathrooms, an attached 2-car garage, granite countertops, white shaker cabinetry, stainless steel appliances,...Exceptional investment opportunity to acquire Cotton Gin Row, a newly constructed 18-unit build-to-rent townhome community in the rapidly growing Commerce, Georgia market. The property consists of nine duplex buildings situated on approximately 5.76 acres, with every residence offering the privacy and appeal of an end unit. Each townhome features approximately 1,866 square feet, 3 bedrooms, 2.5 bathrooms, an attached 2-car garage, granite countertops, white shaker cabinetry, stainless steel appliances, luxury vinyl plank flooring, ceiling fans, and individually metered utilities with tenants paying electric, water/sewer, and trash. The community is currently in lease-up with strong momentum and is projected to stabilize by the end of August 2026. Stabilized projected Net Operating Income is approximately $317,003 with a 6.0% cap rate at the asking price. Professionally managed with a low operating expense ratio and minimal deferred maintenance due to new construction. Ideally located along the I-85 corridor in Jackson County, the property benefits from strong workforce housing demand driven by major employers including SK Battery America, Kubota Manufacturing, Northeast Georgia Health System, and the University of Georgia. This is a turnkey investment opportunity offering institutional-quality construction, strong long-term appreciation potential, and attractive cash flow in one of Northeast Georgia's fastest-growing markets. Financial information, rent roll, operating statements, and additional due diligence materials are available upon execution of a Confidentiality Agreement. There are 3 Additional Units with same floorplans that are tenant occupied and included as well: 1. Rent $2050/ Deposit $900. Lease ends 7/31/2027. 2. Rent $2100/ Deposit $1300. Lease ends 5/31/2027. 3. Rent $2050/ Deposit $1800. Lease ends 8/31/2027.
  1. Listed by TAMRA WADE • RE/MAX Tru • 770-502-6232

Property Details for 632 Madison Street

Subdivision Complex
Cotton Gin Row
Parking Features
Attached, Driveway, Garage, Level Driveway
Property Attached
No
Waterfront Features
None
LISTING UPDATED: 07/14/2026 06:00 AM

Property Details for 632 Madison Street

StatusActive
MLS #7804177
Days on Market3
Taxes$51,970 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built2026
Lot Size5.76 AC / 250,905 SF
CountyJackson County
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Location

Listing Courtesy of RE/MAX Tru, TAMRA WADE
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Building Information for 632 Madison Street

Stories2Residences18Year Built2026Building Size-Lot Size5.76 AC / 250,905 SF

Payment Calculator

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$30,678 per month

30 year fixed, 6.36% Interest

Principal and Interest

$26,348

Property Taxes

$4,331

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 632 Madison Street

Summary
Location and General Information
  • Community Features: Homeowners Assoc, Near Shopping, Sidewalks
  • Directions: I-85 North to Exit 147 for GA-98 toward Commerce/Maysville. Take the exit and turn right onto GA-98 S/Maysville Rd, continuing for about 5 miles into downtown Commerce. Once in Downtown Commerce, turn left onto Madison St, and Cotton Gin Row will be on your right.
  • Lake Name: None
  • View: Rural
  • Coordinates: -83.436537, 34.191964
Taxes and HOA Information
  • Parcel Number: 010 024
  • Tax Year: 2026
  • Association: No
  • Tax Legal Description: 5.760.AC.TR.2.PBK.87.PG.164
  • Tax Lot: 1-9
School Information
  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Commerce
  • High School: Commerce
  • Middle School: Commerce
Parking
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Electric
  • Basement: None
  • Flooring: Carpet, Vinyl
  • Levels/Stories: Two
  • Window Features: None
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Cement Siding
  • Fencing: None
  • Roof Type: Shingle
  • Security Features: None
  • Pool Private: No
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Underground Utilities
  • Water Source: Public
Property and Assessments
  • Home Warranty: No
  • Plat Book: 90
  • Plat Page: 164
  • Property Condition: New Construction
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 225
  • Lot Features: Other
  • Acreage Source: Public Records
Multi Family
Multi-Family Information
  • Unit Count: 15
  • NUM OF UNITS: 18
Income & Expenses Information
  • Gross Annual Income: $436,248.00
  • N.O.I. $: $317,003.00
  • Annual Expenses: $119,245.00
Unit 1
  • Unit Deposit Amount: $800.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,050.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 2
  • Unit Deposit Amount: $850.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,100.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 3
  • Unit Deposit Amount: $.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,050.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 4
  • Unit Deposit Amount: $1,000.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Vacant
  • Unit Water Included: No
  • Unit Rent Amount: $2,100.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 5
  • Unit Deposit Amount: $800.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,050.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 6
  • Unit Deposit Amount: $2,000.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,050.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 7
  • Unit Deposit Amount: $1,300.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,100.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 8
  • Unit Deposit Amount: $1,000.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Vacant
  • Unit Water Included: No
  • Unit Rent Amount: $2,100.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 9
  • Unit Deposit Amount: $900.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,050.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 10
  • Unit Deposit Amount: $800.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,100.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 11
  • Unit Deposit Amount: $2,000.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Vacant
  • Unit Water Included: No
  • Unit Rent Amount: $2,100.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 12
  • Unit Deposit Amount: $800.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,100.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 13
  • Unit Deposit Amount: $1,800.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,050.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 14
  • Unit Deposit Amount: $800.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,050.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Unit 15
  • Unit Deposit Amount: $1,850.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Patio, Range/Oven, Smoke Alarm, Walk-In Closet
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 1
  • Unit Maintenance Included: No
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: No
  • Unit Rent Amount: $2,050.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Rental
Rent Information
  • Occupant Types: Tenant

Property History for 632 Madison Street

DateEvent & SourcePriceAppreciation
May 13, 2024

Sold (Public Record)

Public Record #1533014443

$299,000—
May 13, 2024

Sold (Public Record)

Public Record #1533014443

$299,000

+33.1% / yr

Oct 2, 2019

Sold (Public Record)

Public Record #654940155

$80,000—
DateEvent & SourcePrice
05/13/2024

Sold (Public Record)

Public Record #1533014443

$299,000
05/13/2024

Sold (Public Record)

Public Record #1533014443

$299,000

+33.1% / yr

10/02/2019

Sold (Public Record)

Public Record #654940155

$80,000

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

Public Records for 632 Madison Street

Taxable ValueLand$103,800Additions-Total$103,800
Tax Record2025$2,772 ($231 / month)
Home Facts
Beds0Baths1Total Finished SqFt1,147 SqFtAbove Grade Finished SqFt1,147 SqFtStories1Lot Size250,906 SqFtStyleResidentialYear Built1965ZoningR3CountyJACKSONAPN010 024

Schools near 632 Madison Street

This home is within Commerce City School District.
Rating
School
Type
Grades
Distance
Commerce Primary School
Public - PK to 2
Commerce Elementary School
Public - 3 to 4
Commerce Middle School
Public - 5 to 8
Commerce High School
Public - 9 to 12
Rating
School
Distance
Commerce Primary School
PublicPK to 2

Commerce Elementary School
Public3 to 4

Commerce Middle School
Public5 to 8

Commerce High School
Public9 to 12

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 632 Madison Street, Commerce, GA 30529

632 Madison Street is a multi-family home for sale in Commerce, GA 30529. This property was listed for sale on July 13, 2026 by RE/MAX Tru, it's currently listed at $5,287,383. It has been on the market for a total of 3 days and was last sold on May 13, 2024. This listing's school district is Commerce City School District. Nearby schools include Commerce Primary School, Commerce Elementary School and Commerce Middle School. 632 Madison Street is a 45-bed, 45-bath, multi-family home built in 2026.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Tru, TAMRA WADE

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.