#10485949, Adrian Hudson, Listing office: Novation Realty Group
Property details
About 8537 Pineland Dr
This fully renovated quadruplex consists of four units, each with 2 bedrooms and 1.5 baths. Recent upgrades include expansive back decks and additional storage, all backing onto a peaceful greenbelt. Professionally managed and move-in ready, the property offers a turnkey opportunity for investors looking to build long-term wealth. This is a prime investment opportunity, offering strong cash flow and professional management for a seamless ownership experience. Appraised at $830,000 in November 2024 following $120,000 in recent upgrades, this 4,520 sq ft property features four spacious townhome-style units. Fully leased, the units generate a projected annual gross income of $69,840 at full occupancy. With estimated expenses at 16% of gross income ($11,174.40), the property delivers a Net Operating Income (NOI) of $58,665.60 and an actual CAP rate of 7.52%, with a projected increase to 8%. Assuming a 6.3% interest rate on a 30-year loan, the annual debt service is approximately $43,424.52, resulting in a projected annual cash flow of $15,241.08. **No showings until the due diligence period. All units are occupied-please do not disturb tenants.** The seller is willing to negotiate an interest rate buy-down to improve cash flow.
Highlights
HeatingCentral, Heat Pump
StatusActive
CoolingCentral Air
Lot size0.723 Acres
Year built1986
ParkingParking Pad
MLS #10492350
Summary
- Basement: No
- Attached Garage: No
- Parking: Parking Pad
- Heating: Central, Heat Pump
- Cooling: Central Air
- List Price: $670,000
- HOA Amount: $0
- Annual Tax Amount: $7,457
- Tax Year: 2024
- Directions: From I-75 S, take exit 235 to Tara Blvd. Turn right on GA-138 and right on GA-138 W. Then turn left on Kendrick Rd and right on Pineland Dr. Property will be on the right!
- Year Built: 1986
- Lot Size: 0.723 Acres
- MLS Number: 10492350
- MLS Name: Georgia MLS 2
- Office Name: Keller Williams Realty Atlanta North
- Listing Agent: Janice Overbeck
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: 7/30/2025, 3:45:30 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 |
|---|---|---|
| Feb 03, 2022 | Home Sold | $4,440,000 |
| Feb 03, 2022 | Home Sold | $7,200,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $190,000 | $7,457 |
| 2022 | $93,240 | $3,704 |
| 2020 | $87,845 | $3,759 |
History based on county public records data.
Nearby schools
4
Swint Elementary School
Public District KG-5
1.1 mi
•500 Highway 138 W
3
Callaway Elementary School
Public District PK-5
1.2 mi
•120 Oriole Dr
3
Pointe South Elementary School
Public District PK-5
1.6 mi
•8482 Thomas Rd
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 $33,776. Most Jonesboro, GA residents have annual incomes less than $<35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
51%
<35k
42%
35k-100k
7%
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?
37%
Single, No Kids
26%
Single, with Kids
13%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
10%
12-17 yrs old
28%
18-34 yrs old
36%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Soccer
Pro Boxing
Where do the neighbors shop?
Burlington
Family Dollar
Ross Dress For Less
Where do the neighbors go to eat?
Church's Chicken
Wingstop
White Castle
What do the neighbors drive?
Chevrolet
Nissan
Acura
What do the neighbors listen to?
Urban Adult Contemporary
Christian Adult Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 8537 Pineland Dr
The listing price of 8537 Pineland Dr property is $670,000.
The property 8537 Pineland Dr is a house located in Jonesboro, Georgia, 30238.
Active Listing: 8537 Pineland Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 8537 Pineland Dr are: Swint Elementary School (GreatSchools Rating 4/10), Callaway Elementary School (GreatSchools Rating 3/10), Pointe South Elementary School (GreatSchools Rating 3/10), Kendrick Middle School (GreatSchools Rating 3/10), Pointe South Middle School (GreatSchools Rating 5/10), Jonesboro Middle School (GreatSchools Rating 3/10), Perry Career Academy - Eula Wilburn Ponds Perry Center for (GreatSchools Rating 1/10), Mundy's Mill High School (GreatSchools Rating 4/10), Riverdale High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $7,457 (source: MLS/based on county public records data).
The last sale was on February 3, 2022 for $4,440,000 (source: MLS/tax record).
The property at 8537 Pineland Dr has 0 bathroom.
The year of construction for 8537 Pineland Dr is 1986.
This home is located at 8537 Pineland Dr in Jonesboro, GA and zip code 30238. Features: 0 bathroom. It has been listed on Rocket Homes since April 3, 2025 and is currently priced at $670,000.
Jonesboro, GA housing market in June 2025 saw over 19 listings sold above listed price, more than 19 sold at listed price and over 36 sold below. The number of listings in Jonesboro, GA increased by 8.1% between May and June 2025. Listings spent 40 days on the market in June 2025, and had a median list price of $250,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.