For Sale
Price CutPrice Drop: $437.38K (09/28)
New ConstructionNew Construction
Multi family home for sale at 632 Madison St, Commerce, GA 30529 | MLS# 10804744 | Listing updated on 2026-09-28
Photo 1 of Multi family home for sale at 632 Madison St, Commerce, GA 30529 | MLS# 10804744 | Listing updated on 2026-09-28
Photo 2 of Multi family home for sale at 632 Madison St, Commerce, GA 30529 | MLS# 10804744 | Listing updated on 2026-09-28
Photo 3 of Multi family home for sale at 632 Madison St, Commerce, GA 30529 | MLS# 10804744 | Listing updated on 2026-09-28
Photo 4 of Multi family home for sale at 632 Madison St, Commerce, GA 30529 | MLS# 10804744 | Listing updated on 2026-09-28
13+
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Street View

$4,850,000

Monthly Est:$24,140

  • Beds Icon-- Bed
  • Beds Icon
    -- Bath
  • Beds Icon--sqft

632 Madison St, Commerce, GA 30529

$24,140/moEst:

Get Pre-Approved

  • Multi Family

  • Built in 2026

  • $-- HOA

  • 5.76 acres lot

  • --/sqft

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, 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.

  • Houzeo last checked: 11 minutes ago
  • Listing updated: September 28, 2026 at 2:12 pm
  • Listing Provided by: |
  • Source: Georgia MLS-GA | MLS#: 10804744 Georgia MLS-GA

Part of

Building
632 Madison St
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Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Jackson County

  • City

    Commerce

  • Neighborhood

    --

  • Year Built

    2026

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    5.76 acres lot

  • Basement Area

    - sqft

  • MLS Name

    Georgia MLS

  • MLS Number

    10804744

  • MLS Status

    Price Change

  • Days on Market

    87

  • Cumulative Days on Market

    77

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Location

HOA Management

N/A

HOA Fees

$1,010/

Amenities

Amenities and services may be covered by one or multiple associations and service providers.

Maintenance Maintenance

Management Fee Management Fee

Other Other

Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedroom: --

    Bathroom: --

Interior

  • Heating

    Electric

  • Cooling

    Ceiling Fan(s), Central Air

  • Sewer

    Public Sewer

Construction

  • Year Built

    Year Built: 2026

  • Home type

    Multi Family

  • Construction Materials

    Other

  • Property Condition

    New Construction

Utilities & Energy

  • Water Source

    Public

  • Basement

    None

  • Parking Features

    Garage, Attached

  • Utilities

    Electricity Individual Meters, Sewer Connected, Underground Utilities

Other Features

  • Community Features

    Sidewalks, Near Shopping

  • Subdivision Name

    Cotton Gin Row

Price History

DateEventPrice

09/28/2026

Source: mls_logoGeorgia MLS-GA #10804744

Price Decreased

$4,850,000 -8.27%

$0/sqft

07/13/2026

Source: mls_logoGeorgia MLS-GA #10804744

Listed for Sale

$5,287,383

$0/sqft

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Information Deemed Reliable But Not Guaranteed. © 2026 Georgia Multiple Listing Service. All Rights Reserved.

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