131 Cleveland Street McDonough, GA $ 1,500,000
131 Cleveland Street
$ 1,500,000
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131 Cleveland Street

McDonough, GA, 30253
$ 1,500,000
Baths0.0

Monthly Estimate*

$ 9,236

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Studio

Multi-Family Home for sale in McDonough, GA

for $1,500,000. This home was built in 1985 on a lot size of 0.8.

131 Cleveland Street is an eight-unit multifamily investment property located in the City of McDonough, just minutes from the historic downtown square, McDonough Crossing, and the Highway 42 and I-75 corridors that support strong rental demand throughout Henry County. The property has undergone significant recent improvements, with seven of the eight units renovated, and all units outfitted with individual tankless water heaters to reduce long-term maintenance exposure. Tenants pay all utilities including electric, water, sewer, and trash, keeping owner expenses extremely low.

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Multi-Family Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,885

Style

Lot Size

0.8

Year Built

1985

Town/City

McDonough

County/Region

Henry

MLS | Web ID

10678943

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Electricity Individual Meters Sewer Connected Water Individual Meters
HOA Fee 0
Association Fee Includes None
Construction Materials Brick
Year Built 1985
Levels Two
Property Subtype Multi Family
Tax Year 24
Gross Income 139500
Community Features Park Sidewalks Street Lights Near Public Transport Near Shopping
County Henry
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
MaintenanceExpense 1500
Subdivision Name Downtown McDonough
Garage Y/N false
Status Active
Directions Follow I-75 S to Jonesboro Rd in Henry County. Take exit 221 from I-75 S. Continue on Jonesboro Rd. Drive to Cleveland St in McDonough.
High School McDonough
City Mcdonough
Number Of Units Total 8
Lot Size Units Square Feet
Lot Size Square Feet 34848
Carport Y/N false
Elementary School Tussahaw
Tax Annual Amount 5885.47
Electric Expense 0
Fuel Expense 0
Middle/Junior High School McDonough
Property Condition Updated/Remodeled
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Basement None
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Off Street Parking Pad
Water Source Public
Total Parking 12
Lot Size Area 34848
Lot Size Acres 0.8
Lot Size Source Public Records
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* Excluded Features
List By
Northgroup Real Estate Inc

Broker

jbinatlanta@gmail.com

Email

Affordability Calculator

$9,726
Per Month
95%
5%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
$490
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4135801 Elementary School
2674156 Middle School
McDonough High School High School
Pricing History
DatePricePrice ChangeDescription
1/25/2026$1,500,000 Listed Price

Map


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131 Cleveland Street, McDonough, GA, 30253 is a Multi-Family Home for sale at $1,500,000 with a lot size of 0.8. 131 Cleveland Street is a studio with 0.0 baths and was built in 1985. The property's zip code is 30253 which is in McDonough, GA