5 days on Rocket
#10566302, Todd, Listing office: Fickling & Company Inc.
Property details
About 507 W Main St
Here is your opportunity to own an incoming producing property in a great workforce market in Forsyth, GA. There are 2 duplexes with a history of strong cash flow. All units have been remodeled, except for Unit B-which is currently vacant and ready for finishing touches. Bldg 1 built in 1940; Bldg 2 built in 2008. You can purchase a multi-unit property with 2 to 4 units (duplex, triplex, or fourplex) using a standard FHA 203(b) loan. Requirement: You must occupy one of the units as your primary residence for at least one year. Benefit: This allows you to generate rental income from the other units, potentially offsetting your mortgage payments. Low Down Payment: You can make a down payment as low as 3.5% if your credit score is 580 or higher. A 10% down payment is required for credit scores between 500-579. Flexible Credit Requirements: FHA loans generally have more lenient credit requirements compared to conventional loans. Please do not disturb the tenants.
Highlights
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.77 Acres
Year built1940
ParkingCarport, Assigned, Off Street, Parking Pad
MLS #10550216
Summary
- Basement: No
- Attached Garage: No
- Parking: Carport, Assigned, Off Street, Parking Pad
- Heating: Central
- Cooling: Central Air
- List Price: $349,000
- Annual Tax Amount: $6
- Tax Year: 2023
- Directions: GPS friendly.
- Year Built: 1940
- Lot Size: 0.77 Acres
- MLS Number: 10550216
- MLS Name: Georgia MLS 2
- Office Name: Lifestyles Realty Georgia, Inc
- Listing Agent: Darlena Smithson
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: 7/23/2025, 1:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 08, 2008 | Home Sold | $32,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $23,000 | $6 |
| 2022 | $23,000 | $350 |
| 2021 | $23,000 | $360 |
| 2020 | $23,000 | $360 |
| 2019 | $23,000 | $381 |
| 2018 | $23,000 | $382 |
| 2017 | $23,000 | $382 |
History based on county public records data.
Nearby schools
6
Samuel E. Hubbard Elementary School
Public District PK-5
0.7 mi
•558 GA Highway 83 S
5
T. G. Scott Elementary School
Public District PK-5
2.6 mi
•70 Thornton Rd
5
Katherine B. Sutton Elementary School
Public District PK-5
2.9 mi
•1315 GA Highway 83 N
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 $48,950. The majority of Forsyth, GA residents have income between $35k-100k annually. The most common type of family 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?
39%
<35k
48%
35k-100k
7%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
36%
Single, No Kids
15%
Single, with Kids
30%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
6%
12-17 yrs old
38%
18-34 yrs old
38%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Hunting
Monster Trucks
Where do the neighbors shop?
Dollar General
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Ram
Chevrolet
What do the neighbors listen to?
Classic Country
New Country- Country
All data provided by Home Junction and Claritas
Similar homes for sale
#10558553, Caroline Davis, Listing office: Connie R. Ham Middle GA Realty
#254428, Listing office: CONNIE R. HAM MIDDLE GA. REALTY
Frequently asked questions
About 507 W Main St
The listing price of 507 W Main St property is $349,000.
The property 507 W Main St is a house located in Forsyth, Georgia, 31029.
Active Listing: 507 W Main St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 507 W Main St are: Samuel E. Hubbard Elementary School (GreatSchools Rating 6/10), T. G. Scott Elementary School (GreatSchools Rating 5/10), Katherine B. Sutton Elementary School (GreatSchools Rating 5/10), Monroe County Middle School (GreatSchools Rating 7/10), Lamar County Middle School (GreatSchools Rating 5/10), Howard Middle School (GreatSchools Rating 3/10), Mary Persons High School (GreatSchools Rating 7/10), Lamar County High School (GreatSchools Rating 4/10), Howard High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $6 (source: MLS/based on county public records data).
The last sale was on May 8, 2008 for $32,000 (source: MLS/tax record).
The property at 507 W Main St has 0 bathroom.
The year of construction for 507 W Main St is 1940.
This home is located at 507 W Main St in Forsyth, GA and zip code 31029. Features: 0 bathroom. It has been listed on Rocket Homes since June 24, 2025 and is currently priced at $349,000.
Forsyth, GA housing market in June 2025 saw over 2 listings sold above listed price, more than 8 sold at listed price and over 4 sold below. Between May and June 2025, Forsyth, GA real estate market has seen decrease in the number of listings by 2.2%. While the average time on the market in June 2025 was 42 days, the median list price was $392,990.
From Rocket Homes Real Estate and based on county public records data.