Tour
$2,731 Closing Credit¹
#10465905, Joshua T Parker, Listing Office: The HomeStore
$2,300,000 List price
407 Maple Way Monroe, GA 30655
$10,000
Closing credit¹
2.3 acres
Multi-Family
Property details
About 407 Maple Way
This is a rare chance to own a high-performing, income-generating property in a prime location! This 20-unit, 5-building development offers a diverse mix of spacious, in-demand rental units - 8 units featuring 4 bedrooms and 3 baths, and 12 units offering 3 bedrooms and 2.5 baths. Several have been newly renovated, enhancing their appeal and market value. Each unit boasts an open-concept living and dining area, a well-sized kitchen, and thoughtful layouts that attract long-term tenants. 18 of the 20 units are already rented, providing immediate cash flow and stability for investors. Located just 3/4 of a mile from Monroe's charming historic downtown, residents enjoy easy access to quaint antique shops, boutiques, local dining, and rich history. This high-demand rental area ensures continued occupancy and strong appreciation potential. Financials, including rent rolls and lease agreements, are available upon request.
Highlights
Home typeMulti Family
HeatingCentral
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCentral Air
Lot size2.32 Acres
Year built2004
ParkingOff Street, Over 1 Space per Unit
MLS #10474750
Summary
- Basement: No
- Attached Garage: No
- Parking: Off Street, Over 1 Space per Unit
- Heating: Central
- Cooling: Central Air
- List Price: $2,300,000
- Annual Tax Amount: $32,889
- Tax Year: 2023
- Directions: From US-78 E take exit toward Monroe and turn right onto GA-11S/N Broad St. Turn left onto Sorrells St. Property on your right.
- Year Built: 2004
- Lot Size: 2.32 Acres
- MLS Number: 10474750
- MLS Name: Georgia MLS 2
- Office Name: Keller Williams Realty
- Listing Agent: Community & Council
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.
DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/14/2025, 5:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,300,000
407 Maple Way
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 22, 2021 | Home Sold | $2,500,000 |
| May 26, 2015 | Home Sold | $685,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $940,680 | $32,889 |
| 2022 | $948,080 | $3,733,729 |
| 2021 | $254,760 | $35,405 |
| 2020 | $254,760 | $9,846 |
| 2018 | $254,760 | $10,032 |
| 2017 | $254,760 | $10,171 |
History based on county public records data.
Nearby schools
4
Monroe Elementary School
Public District PK-5
2.0 mi
•140 Dillard Dr
7
Atha Road Elementary School
Public District PK-5
4.4 mi
•821 H D Atha Rd
4
Harmony Elementary School
Public District PK-5
4.7 mi
•934 Harmony Church Rd NE
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 $47,175. Residents of Monroe, GA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
40%
<35k
48%
35k-100k
12%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
38%
Single, No Kids
28%
Single, with Kids
17%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
12%
12-17 yrs old
22%
18-34 yrs old
37%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Pro Wrestling
Figure Skating
Where do the neighbors shop?
Academy Sports & Outdoors
Wal-Mart
Kmart
Where do the neighbors go to eat?
Little Caesars
Sonic
Bob Evans
What do the neighbors drive?
Chevrolet
Oldsmobile
Buick
What do the neighbors listen to?
Country
Contemporary Inspirational- Oldies
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 407 Maple Way in Monroe, GA and zip code 30655. Features: 0 bathroom. It has been listed on Rocket Homes since March 8, 2025 and is currently priced at $2,300,000.
In April 2025, from all listings sold in Monroe, GA there were more than 9 sold above asking price, over 32 sold below and more than 18 were sold right at the asked price. The inventory of homes for sale in Monroe, GA between March and April 2025 increased by 19.5%. In April 2025 median list price was $391,500 and the average listing age was 88 days.
From Rocket Homes Real Estate and based on county public records data.