121 Ct Lagrange, GA 30241
Estimated payment $1,611/month
Total Views
53
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- No HOA
- Guest Parking
- Ceiling Fan
- Hillcrest Elementary School Rated A-
- Central Heating and Cooling System
About This Home
Discover an exceptional investment opportunity that combines steady cash flow with strategic location advantages. This well-maintained triplex features three separate one-bedroom, one-bathroom units that consistently generate substantial monthly rental income of $2,400, supported by a proven track record of reliable tenants. Located in the heart of LaGrange's vibrant downtown district, this multi-family property offers residents convenient access to local dining, shopping, entertainment, and employment opportunities. The strategic positioning ensures strong rental demand and tenant retention, making it an ideal addition to any investment portfolio. Each unit provides comfortable living spaces with practical layouts that appeal to a diverse tenant base. The property's solid rental history demonstrates its potential as a dependable income generator, perfect for investors seeking passive revenue streams or those looking to diversify their real estate holdings. First-time homebuyers will appreciate the unique opportunity to live in one unit while collecting rent from the remaining two, effectively reducing their housing costs while building equity. This owner-occupant strategy can significantly improve affordability and create a pathway to homeownership that traditional single-family properties cannot match. The building's established cash flow performance eliminates much of the uncertainty typically associated with rental property investments. With three income streams under one roof, vacancy risks are naturally minimized, providing more stable returns compared to single-unit properties. Whether you're an experienced investor expanding your portfolio or a newcomer exploring real estate investment opportunities, this triplex represents a turnkey solution for generating immediate rental income. The combination of prime location, proven performance, and multiple revenue streams creates an compelling investment proposition that deserves serious consideration from savvy buyers.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,063
Year Built
- Built in 1981
Home Design
- Triplex
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Laundry in unit
Parking
- 6 Parking Spaces
- Parking Pad
- Over 1 Space Per Unit
- Guest Parking
- Off-Street Parking
- Assigned Parking
Schools
- Franklin Forest Elementary School
- Gardner Newman Middle School
- Lagrange High School
Additional Features
- 1 Acre Lot
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Tax Lot 26
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,063 | $38,960 | $4,000 | $34,960 |
| 2023 | $1,063 | $38,960 | $4,000 | $34,960 |
| 2022 | $924 | $38,960 | $4,000 | $34,960 |
| 2021 | $808 | $26,800 | $4,000 | $22,800 |
| 2020 | $808 | $26,800 | $4,000 | $22,800 |
| 2019 | $863 | $28,600 | $3,200 | $25,400 |
| 2018 | $858 | $31,680 | $4,000 | $27,680 |
| 2017 | $955 | $31,680 | $4,000 | $27,680 |
| 2016 | $948 | $31,435 | $4,000 | $27,435 |
| 2015 | $959 | $31,740 | $4,000 | $27,740 |
| 2014 | $916 | $30,280 | $4,000 | $26,280 |
| 2013 | -- | $32,146 | $4,000 | $28,146 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | For Sale | $279,900 | -- | -- |
Source: Georgia MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $237,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $75,000 | -- | |
| Warranty Deed | $266,000 | -- | |
| Deed | $66,300 | -- | |
| Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Similar Home in Lagrange, GA
Source: Georgia MLS
MLS Number: 10592342
APN: 050-2A-002-022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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