$150,000
SOLD AUG 28, 2025

622 W Poplar St Griffin, GA 30224

Spalding County Neighborhood
-- Bed
-- Bath
3,476 Sq Ft
0.38 Acres

Recently Sold

$43 Per Sq Ft

19% Below List Price

7 Days on Market

About This Home

As of August 2025

Exceptional Value-Add Multifamily Investment Opportunity... We're excited to present this rare 4-unit multifamily property with a separate storage building that once was a 5th unit. located in a prime, high-demand area just off the town's main thoroughfare. Currently, all 4 units are rented, generating $3,125/month in rental income. A potential 5th unit, if leased, is projected to bring in an additional $750/month-pushing total potential income to $3,875/month. The owner pays utilities for the 4 units in the main building. This property offers significant upside potential. While the building and a few units need improvements, the asking price reflects these needed renovations, making it a strong value-add play. With strategic upgrades, there's ample opportunity to increase rents and reposition this property into a high-performing income asset. Ideally situated within walking distance to restaurants, shops, and amenities, the location enhances tenant demand and long-term investment appeal. Key Highlights: 4-unit multifamily in a prime location $3,125/month current income with upside to $3,875+. Strong rental demand area near town center. Below-market asking price due to renovation needs. Significant potential for rent increases and appreciation. Please note: Do not disturb tenants. Showings available only with an executed contract.

Last Agent to Sell the Property

Jared Cordova

Keller Williams Southern Premier RE License #369397 Listed on: 05/09/2025

Keller Williams Southern Premier RE

Last Buyer's Agent

No Sales Agent

Non-Mls Company License #0

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,511

Year Built

  • Built in 1966

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Wood Siding
  • Block Exterior

Interior Spaces

  • 2-Story Property
  • Crawl Space

Schools

  • Anne Street Elementary School
  • Rehoboth Road Middle School
  • Griffin High School

Additional Features

  • 0.38 Acre Lot
  • Window Unit Cooling System

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, water

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $44,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,511

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1966
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: .38
  • Structure Type: Multi Family (5+ Units), Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Block, Brick, Wood Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Cooling: None, Window Unit(s)
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Electricity Billing Prorated, Gas Billing Prorated, Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Anne Street
  • High School: Griffin
  • Middle School: Rehoboth Road

Rental Info

  • Owner Pays: Electricity, Gas, Sewer, Water

Tax Info

  • Year: 23
  • Tax Annual Amount: 3510.68

Multi Family

  • GrossIncome: 44700
  • NumberOfUnitsTotal: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2025
Closed on
Aug 28, 2025
Sold by
White Castle Properties Llc
Bought by
Dbfj 622 W Poplar Llc
Seller's Agent
Jared Cordova
Keller Williams Southern Premier RE
Buyer's Agent
No Sales Agent
Non-Mls Company
List Price
$185,000
Sold Price
$150,000
Premium/Discount to List
-$35,000
-18.92%
Views
22
Current Estimated Value
$195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,000
Avg. Annual Appreciation
185.61%
Original Mortgage
$240,700
Outstanding Balance
$231,302
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
-$36,302

Purchase Details

Closed on
Apr 2, 2021
Sold by
Georgia Banking Co
Bought by
White Castle Properties Llc

Purchase Details

Closed on
Dec 1, 2020
Sold by
Jones Curtis W
Bought by
Georgia Banking Co

Purchase Details

Closed on
Sep 29, 2006
Sold by
Purvis Jasper G
Bought by
Jones Curtis W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,827
Interest Rate
6.48%
Mortgage Type
Trade

Purchase Details

Closed on
Aug 8, 1972
Sold by
Bonner Jerry D and Eady Alfred
Bought by
Crowley Billy E

Purchase Details

Closed on
Mar 13, 1971
Sold by
Calhoun Florence S
Bought by
Bonner Jerry D and Alfred Eady

Purchase Details

Closed on
Jun 8, 1965
Sold by
Murray James S and Bartlett Searcy D
Bought by
Calhoun Florence S

Purchase Details

Closed on
Mar 1, 1965
Sold by
Sibley George E
Bought by
Murray James S and Bartlett Searcy D

Purchase Details

Closed on
Oct 19, 1948
Bought by
Sibley George E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Limited Warranty Deed $150,000 --
Warranty Deed $181,500 --
Foreclosure Deed $61,048 --
Deed $170,000 --
Deed $7,100 --
Deed $30,000 --
Deed $14,900 --
Deed $13,900 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $240,700 New Conventional
Previous Owner $170,827 Trade
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2025 08/28/25 Sold $150,000 -18.9% $43 / Sq Ft
05/16/2025 05/16/25 Pending -- -- --
05/09/2025 05/09/25 For Sale $185,000 -- $53 / Sq Ft
Source: Georgia MLS

Tax History Compared to Growth

Source: Public Records

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 $3,474 $90,988 $6,240 $84,748
2023 $3,474 $90,988 $6,240 $84,748
2022 $2,901 $77,001 $4,800 $72,201
2021 $2,609 $65,294 $4,800 $60,494
2020 $1,727 $43,212 $4,800 $38,412
2019 $1,759 $43,212 $4,800 $38,412
2018 $1,677 $39,696 $4,800 $34,896
2017 $1,641 $39,696 $4,800 $34,896
2016 $1,667 $39,696 $4,800 $34,896
2015 $1,695 $39,696 $4,800 $34,896
2014 $1,746 $39,696 $4,800 $34,896
Source: Public Records

Agents Affiliated with this Home

  • Jared Cordova

    Seller's Agent in 2025

    Jared Cordova

    Keller Williams Southern Premier RE

    (678) 458-9418

    79 in this area

    82 Total Sales

    Jared Cordova
    Section Image

  • N

    Buyer's Agent in 2025

    No Sales Agent

    Non-Mls Company

See All Agents

Map

Source: Georgia MLS

MLS Number: 10518811

Georgia MLS

APN: 024-02-013

Georgia Spalding County Griffin 30224 Spalding County

622 W Poplar St, Griffin, GA

Sold

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