Skip main navigation
Active
  • $5,287,383

    632 Madison St, Commerce, GA 30529

    54beds
    54baths
    --sqft
    : 
    $34,222/mo
    Get pre-qualified
    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
    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.
    41 days
    |
    191
    |
    7
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tamra J Wade 770-502-6230,

    Re/Max Tru, Inc.

    Source: GAMLS,MLS#: 10804744MLS Logo

      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: 41 days
      • Listing agreement: Exclusive Right To Sell

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,031/mo

        Price history

        DateEventPrice
        7/13/2026Listed for sale$5,287,383+1668.4%
        Source: GAMLS #10804744 Report a problem
        5/13/2024Sold$299,000
        Source: GAMLS #10251229 Report a problem
        2/12/2024Pending sale$299,000
        Source: GAMLS #10251229 Report a problem
        2/8/2024Listed for sale$299,000+273.8%
        Source: GAMLS #10251229 Report a problem
        10/2/2019Sold$80,000-5.9%
        Source: GAMLS #8596047 Report a problem
        8/16/2019Pending sale$85,000
        Source: Purcell Realty #8596047 Report a problem
        6/3/2019Listed for sale$85,000
        Source: Purcell Realty #8596047 Report a problem

        Public tax history

        YearProperty taxesTax 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 30529

        Getting around

        14 / 100
        Car-Dependent
        24 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts