507 W Main St Forsyth, GA 31029
Estimated payment $1,536/month
Highlights
- No HOA
- Central Heating and Cooling System
- Wood Siding
- Samuel E. Hubbard Elementary School Rated A-
About This Home
Price reduction!!! Here is your opportunity to own an incoming producing property in a great workforce market in Forsyth, GA. There are 2 duplexes with a history of strong cash flow. All units have been remodeled, except for Unit B-which is currently vacant and ready for finishing touches. Bldg 1 built in 1940; Bldg 2 built in 2008. Please do not disturb the tenants. AS-IS purchase required.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $776
Year Built
- Built in 1940 | Remodeled
Home Design
- Quadruplex
- Wood Siding
Parking
- Carport
- Parking Pad
- Off-Street Parking
- Assigned Parking
Schools
- Hubbard Elementary School
- Mary Persons High School
Additional Features
- 2-Story Property
- 0.77 Acre Lot
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 6
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Insurance Expense $3,275
- Maintenance Expense $1,500
- Gross Income $40,800
Map
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 | $465 | $26,760 | $4,160 | $22,600 |
| 2023 | $448 | $23,000 | $4,160 | $18,840 |
| 2022 | $350 | $23,000 | $4,160 | $18,840 |
| 2021 | $361 | $23,000 | $4,160 | $18,840 |
| 2020 | $379 | $23,000 | $4,160 | $18,840 |
| 2019 | $382 | $23,000 | $4,160 | $18,840 |
| 2018 | $383 | $23,000 | $4,160 | $18,840 |
| 2017 | $738 | $23,000 | $4,160 | $18,840 |
| 2016 | $367 | $23,000 | $4,160 | $18,840 |
| 2015 | $352 | $23,000 | $4,160 | $18,840 |
| 2014 | $353 | $23,000 | $4,160 | $18,840 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/24/2025 09/24/25 | Pending | -- | -- | -- |
| 08/20/2025 08/20/25 | Price Changed | $279,000 | -15.2% | -- |
| 08/11/2025 08/11/25 | Price Changed | $329,000 | -5.7% | -- |
| 06/24/2025 06/24/25 | For Sale | $349,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $32,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $32,588 | New Conventional |
Source: Georgia MLS
MLS Number: 10550216
APN: F07-027
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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