#10497173, Valerie English, Listing office: GALISTED2SOLD
Property details
About 400 S Center St
Prime 10-Unit Multifamily Investment Opportunity - Turnkey & Cash-Flow Ready! Steps to Beautiful downtown Thomaston GA, the sweet spot of West Central GA. Welcome to your next high-performance investment property-a meticulously maintained 10-unit apartment complex spread across two solid buildings, offering excellent income potential and long-term value in a sought-after rental market. Unit Breakdown: 8 spacious units - 2 Bedrooms, 2 Bathrooms 2 thoughtfully designed units - 2 Bedrooms, 1 Bathroom Each unit is individually metered, professionally managed, and features modern layouts with ample natural light, functional kitchens, generous living areas, and private outdoor space (varies by unit). Recent upgrades and proactive maintenance ensure peace of mind for owners and tenants alike. Highlights: Strong rent roll & upside potential Low vacancy history Separate buildings allow flexibility in management or future condo conversion Off-street parking and on-site laundry (optional to add or enhance) Desirable tenant mix and walkable location near transit, shops, and schools Whether you're a seasoned investor looking to grow your portfolio or a 1031 exchange buyer seeking a stable, low-maintenance asset, this property checks all the boxes. With demand high for quality multifamily rentals, this is your opportunity to secure 10 doors of dependable income. Don't miss out-contact us today for the full financials, rent roll, and to schedule your private tour!
Highlights
Home typeMulti Family
HeatingCentral, Electric, Natural Gas
StatusActive
(New)
(New)
CoolingCeiling Fan(s), Central Air
BasementYes
Lot size0.5 Acres
Year built1987
ParkingAssigned, Off Street, Parking Pad, Over 1 Space per Unit
MLS #10575033
Summary
- Basement: Yes
- Attached Garage: No
- Parking: Assigned, Off Street, Parking Pad, Over 1 Space per Unit
- Heating: Central, Electric, Natural Gas
- Cooling: Ceiling Fan(s), Central Air
- List Price: $1,000,000
- Annual Tax Amount: $6,220
- Tax Year: 2023
- Directions: From the Historic Square in Thomaston South on Church Street to a left on Thomas Street, left on Center Street. The complex will be on your left. Call today to schedule a consultation on this great investment opportunity!
- Year Built: 1987
- Lot Size: 0.5 Acres
- MLS Number: 10575033
- MLS Name: Georgia MLS 2
- Office Name: Century 21 Adams-Harvey & Associates
- Listing Agent: Shane Phillips
Based on information from the Georgia MLS © 2025.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 10:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $237,480 | $6,220 |
| 2022 | $237,480 | $6,605 |
| 2021 | $237,480 | $6,605 |
| 2020 | $237,480 | $6,770 |
| 2019 | $276,710 | $8,788 |
| 2018 | $276,709 | $9,594 |
| 2017 | $274,527 | $9,594 |
History based on county public records data.
Nearby schools
4
Upson-Lee Elementary School
Public District 3-5
1.8 mi
•334 Knight Trl
3
Lamar County Elementary School
Public District 3-5
13.7 mi
•228 Roberta Dr
6
Pike County Elementary School
Public District 3-5
14.0 mi
•607 Pirate Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,673. Typical income of Thomaston, GA residents is less than $<35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
46%
<35k
46%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
53%
Single, No Kids
15%
Single, with Kids
18%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
20%
18-34 yrs old
37%
35-64 yrs old
19%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
NASCAR
Where do the neighbors shop?
Kmart
Family Dollar
Wal-Mart
Where do the neighbors go to eat?
Bob Evans
Dominos Pizza
Sonic
What do the neighbors drive?
Buick
Ford
Oldsmobile
What do the neighbors listen to?
Oldies
New Country- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 400 S Center St
The listing price of 400 S Center St property is $1,000,000.
The property 400 S Center St is a multi located in Thomaston, Georgia, 30286.
Active Listing: 400 S Center St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 400 S Center St are: Upson-Lee Elementary School (GreatSchools Rating 4/10), Lamar County Elementary School (GreatSchools Rating 3/10), Pike County Elementary School (GreatSchools Rating 6/10), Upson-Lee Middle School (GreatSchools Rating 3/10), Pike County Middle School (GreatSchools Rating 6/10), Lamar County Middle School (GreatSchools Rating 5/10), Upson-Lee High School (GreatSchools Rating 4/10), Pike County High School (GreatSchools Rating 6/10), Zebulon High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2023 is $6,220 (source: MLS/based on county public records data).
The year of construction for 400 S Center St is 1987.
This home is located at 400 S Center St in Thomaston, GA and zip code 30286. Features: 0 bathroom. It has been listed on Rocket Homes since July 31, 2025 and is currently priced at $1,000,000.
In July 2025 more than 5 listings in Thomaston, GA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 6 were sold below. The number of homes for sale in Thomaston, GA increased by 14.2% between June and July 2025. In July 2025 median list price was $210,000 and the average listing age was 53 days.
From Rocket Homes Real Estate and based on county public records data.