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$350,000
8511 Pineland Drive, Jonesboro, GA 30238Listing ID 7684169

8511 Pineland Drive, Jonesboro, GA 30238

Sold
Marsh Harbor
Time on site: 251 daysLast updated: Feb 24, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Triplex
Acres
Acres
0.37
Cooling
Cooling
Central Air
Heating
Heating
Natural Gas
Year Built
Year Built
1986
Parking
Parking
Driveway

This extensively upgraded brick triplex consists of three spacious townhome-style units, each offering 2 bedrooms and 2.5 baths — a rare and highly desirable layout that consistently attracts quality long-term tenants. The seller has completed $100,000+ of capital improvements over the past 12 months alone, including a brand-new architectural roof, full exterior lime-wash and repainting, upgraded bathrooms, new exterior doors and locksets, mechanical room improvements, water-heater upgrades, drywall repairs, fresh interior paint, and updated flooring and appliances in select units. Professionally maintained and fully occupied, the property provides a turnkey, low-maintenance investment opportunity. All three units are leased through mid-2026 with reliable, long-term tenants in place. Current rents of $1,040, $1,385, and $1,385 per month produce an annual gross income of $49,320. Based on existing income and typical operating expenses for similar multifamily assets, the property offers an in-place cap rate in the mid-6% range, with additional upside available over time. The size of the units are roughly 1260 square feet each. Given the extensive recent improvements and strong 2-bed/2.5-bath configuration, there is natural room for rent alignment at renewal as leases expire — without the need for disruptive or aggressive value-add strategies. Situated on a quiet corner lot in an established residential subdivision, the property features dedicated parking, a functional roommate-friendly layout, and convenient access to shopping, dining, and major transportation routes throughout Jonesboro and Clayton County. With major capex already completed and stable tenancy in place, this triplex represents a prime opportunity for investors seeking strong fundamentals and reliable long-term performance

Property Information

Property Details

Location

Address
8511 Pineland Drive
County
Clayton - GA
City
Jonesboro
Zip Code
30238
Subdivision
Marsh Harbor
High School
Jonesboro
Elementary School
Swint
Real Broker, LLC., (855) 450-0442Bought with Compass

Interior Features

Heating and Cooling

Cooling
Central Air
Heating
Natural Gas

Building

Building Information

Year Built
1986
Construction
Brick Front
Roof
Composition
Condition
Resale

Property Taxes

Tax Annual Amount
$6,378
Tax Year
2024
Source: First Multiple Listing Service
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