$999,999
Land · 136 acres · $7,375/acre
1876 Bobby Brown State Park Road, Elberton, GA 30635
Listing by Algin Realty, Inc.
$1,000,000
Est. monthly cost
$6,176/mo
Listing by Ansley RE|Christie's Int'l RE
ATTENTION INVESTORS & DEVELOPERS! 24-UNIT MULTIFAMILY COMMUNITY WITH MAJOR VALUE-ADD & EXPANSION POTENTIAL! 24 UNITS | 3 BUILDINGS | 3.25 ACRES | LOW OCCUPANCY | SOLD AS-IS! BRING YOUR VISION AND UNLOCK THE POTENTIAL! An exceptional opportunity awaits investors, developers, and entrepreneurs seeking to acquire and reposition an existing multifamily community in Elberton, Georgia! Situated on approximately 3.25 acres, this property features THREE apartment buildings comprising 24 residential units with a desirable mix of one-, two-, and three-bedroom floor plans. With substantial value-add potential and additional acreage offering possibilities for future expansion, this property presents an exciting opportunity to create a customized, income-producing residential community. A BLANK CANVAS FOR YOUR NEXT INVESTMENT! The property is being offered AS-IS, with ownership working toward delivering the community with minimal occupancy, creating an opportunity for the next investor to renovate, reposition, and implement a new operational strategy with fewer existing tenancy obligations. Whether your investment strategy includes traditional multifamily rentals, affordable housing, workforce housing, sober living residences, transitional housing, or a specialized residential community, this property offers the existing infrastructure and flexibility to explore multiple business models, subject to applicable zoning and approvals. LOCATION IS KEY! Conveniently located minutes from Downtown Elberton, Athens Technical College's Elbert County Campus, and beautiful Lake Russell, with access to Interstate 85 and the South Carolina state line. THE OPPORTUNITY IS IN THE TRANSFORMATION! Acquire an existing 24-unit community, execute your renovation strategy, establish your own rental structure, and explore opportunities for future expansion-all within one investment! 24 DOORS. THREE BUILDINGS. 3.25 ACRES. UNLIMITED VISION. INVESTORS-THIS IS YOUR OPPORTUNITY TO RE-IMAGINE, REPOSITION, AND REVITALIZE AN ENTIRE MULTIFAMILY COMMUNITY! Property sold AS-IS. Buyer to verify zoning, permitted uses, development potential, property condition, and occupancy. Existing leases and tenant rights remain subject to applicable law. Listing Agent is part owner.
Central
Central Air · Fans · Window Unit(s)
Corner Lot
Estimated monthly cost
$6,176/mo
$200,000
Estimate only. Taxes use the listing's most recent figure where available (none listed, so 0.9% of price, typical for the area); insurance assumes 0.6% of price per year, typical for the area, not including flood cover. Mortgage insurance applies below 20% down.
| Date | Event | Price |
|---|---|---|
| Oct 21, 2026 | Listed for sale | $1,000,000 |
Source: Georgia MLS · Updated 10m ago · Nov 11, 2026, 7:45 PM ET

Listings courtesy of Georgia MLS. Listing information © 2026 Georgia MLS. All rights reserved. Each listing names its listing firm.
© 2026 Georgia MLS. All rights reserved. Information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by GAMLS. Last updated Nov 11, 2026, 7:45 PM ET
Report a listing problem$999,999
Land · 136 acres · $7,375/acre
1876 Bobby Brown State Park Road, Elberton, GA 30635
Listing by Algin Realty, Inc.
$1,016,595
Land · 214 acres · $4,750/acre
1862 Pearl Mill Road, Elberton, GA 30635
Listing by Savannah Valley Land Co.
$810,000
5 bd · 4 ba · 5,044 sqft · House
1836 Morningside Tr, Elberton, GA 30635
Listing by EXIT For Sale Realty
$1,000,000
— bd · — ba