Exceptional investment opportunity to acquire Cotton Gin Row, a newly constructed 18-unit build-to-rent townhome community in the rapidly growing Commerce, Georgia market. The property consists of nine duplex buildings situated on approximately 5.76 acres, with every residence offering the privacy and appeal of an end unit. Each townhome features approximately 1,866 square feet, 3 bedrooms, 2.5 bathrooms, an attached 2-car garage, granite countertops, white shaker cabinetry, stainless steel appliances, luxury vinyl plank flooring, ceiling fans, and individually metered utilities with tenants paying electric, water/sewer, and trash. The community is currently in lease-up with strong momentum and is projected to stabilize by the end of August 2026. Stabilized projected Net Operating Income is approximately $317,003 with a 6.0% cap rate at the asking price. Professionally managed with a low operating expense ratio and minimal deferred maintenance due to new construction. Ideally located along the I-85 corridor in Jackson County, the property benefits from strong workforce housing demand driven by major employers including SK Battery America, Kubota Manufacturing, Northeast Georgia Health System, and the University of Georgia. This is a turnkey investment opportunity offering institutional-quality construction, strong long-term appreciation potential, and attractive cash flow in one of Northeast Georgia's fastest-growing markets. Financial information, rent roll, operating statements, and additional due diligence materials are available upon execution of a Confidentiality Agreement.
Active
Price cut: $437.4K (9/28)
$4,850,000
632 Madison St, Commerce, GA 30529
54beds
54baths
--sqft
Multi Family, Duplex
Built in 2026
-- sqft lot
$-- Zestimate®
$--/sqft
$84/mo HOA
What's special
Stainless steel appliancesCeiling fansNine duplex buildingsGranite countertopsWhite shaker cabinetryLuxury vinyl plank flooring
- 88 days
- 225
- 13
Zillow last checked:
Listing updated:
Listed by:
Tamra J Wade 770-502-6230,
Re/Max Tru, Inc.
Source: GAMLS,MLS#: 10804744
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 54
- Bathrooms: 54
Heating
- Electric
Cooling
- Ceiling Fan(s), Central Air
Features
- Basement: None
- Has fireplace: No
Property
Parking
- Parking features: Attached, Garage
- Has attached garage: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5.76 Acres
Details
- Parcel number: 010 024
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Other
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Individual Meters, Sewer Connected, Underground Utilities
Community & HOA
Community
- Features: Sidewalks, Near Shopping
- Subdivision: Cotton Gin Row
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Management Fee, Other
- HOA fee: $1,010 annually
Location
- Region: Commerce
Financial & listing details
- Tax assessed value: $259,500
- Annual tax amount: $2,772
- Date on market: 7/13/2026
- Cumulative days on market: 88 days
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Price change | $4,850,000-8.3% |
Source: | ||
| 7/13/2026 | Listed for sale | $5,287,383+1668.4% |
Source: | ||
| 5/13/2024 | Sold | $299,000 |
Source: | ||
| 2/12/2024 | Pending sale | $299,000 |
Source: | ||
| 2/8/2024 | Listed for sale | $299,000+273.8% |
Source: | ||
| 10/2/2019 | Sold | $80,000-5.9% |
Source: | ||
| 8/16/2019 | Pending sale | $85,000 |
Source: Purcell Realty #8596047 Report a problem | ||
| 6/3/2019 | Listed for sale | $85,000 |
Source: Purcell Realty #8596047 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,564 +60.4% | $103,800 +80.8% |
| 2024 | $1,599 -36.7% | $57,400 -36.3% |
| 2023 | $2,527 +154.4% | $90,160 +194.3% |
| 2022 | $994 -6.8% | $30,640 -5% |
| 2021 | $1,066 -8.9% | $32,240 +1.3% |
| 2020 | $1,170 -10.9% | $31,840 -11.7% |
| 2019 | $1,313 -1.5% | $36,040 +0.2% |
| 2018 | $1,334 -1.8% | $35,960 -1.3% |
| 2017 | $1,358 +0.5% | $36,442 -27.9% |
| 2016 | $1,352 -0.5% | $50,527 |
| 2015 | $1,358 -29.5% | $50,527 -4.5% |
| 2014 | $1,926 -5.3% | $52,909 |
| 2013 | $2,033 | $52,909 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 30529
Nearby schools
Schools provided by the listing agent
- Elementary: Commerce
- Middle: Commerce
- High: Commerce
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

