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Active
  • $2,200,000

    878 Hospital Rd, Commerce, GA 30529

    --beds
    0baths
    --sqft
    : 
    Other, Residential Income
    Built in 2002
    -- sqft lot
    $2,087,700 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Gated settingTownhome-style layout
    Preston Court is a 10-unit townhome community built in 2002, featuring spacious 3-bedroom, 2-bath units within a gated setting. This is a rare opportunity to acquire a well-maintained, highly desirable asset with strong fundamentals and long-term durability. Preston Court represents a legacy-type asset with a strong combination of location, product type, and performance—ideal for investors seeking stable cash flow with future upside in a high-growth corridor. The property is currently 100% occupied with average rents of approximately $1,595, offering immediate in-place cash flow and operational stability. The townhome-style layout and unit mix continue to perform well with residents, supporting consistent demand and retention. Located in Jackson County, one of the fastest-growing areas in Georgia, the submarket has experienced approximately 35% population growth since 2020—ranking as the second fastest-growing county out of 159 statewide. This growth continues to drive housing demand and supports long-term rent growth potential. Buyers should be prepared to submit a Letter of Intent (LOI) prior to execution of a Purchase and Sale Agreement. LOI should outline key terms including purchase price, earnest money, due diligence period, closing timeline, and any requested closing cost allocations. Offering Memorandum, rent roll, T12, and additional due diligence materials are available upon request. Out of respect for tenant privacy, please do not disturb tenants.
    5 days
    |
    378
    |
    12
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Stephen Quesinberry,

    Cornerstone Real Estate Partners, LLC 678-617-0076

    Source: FMLS GA,MLS#: 7752601MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Central
      Cooling
      • Ceiling Fan(s), Central Air
      Features
      • Flooring: Carpet, Vinyl
      • Windows: None
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Parking Lot
      Features
      • Levels: Two
      • Stories: 2
      • Exterior features: No Dock
      • Fencing: Fenced,Wood
      • Has view: Yes
      • View description: Trees/Woods
      • Waterfront features: None
      • Body of water: None
      Lot
      • Size: 2 Acres
      • Features: Private, Wooded
      Details
      • Parcel number: 021 003C

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Other, Residential Income
      Materials
      • HardiPlank Type
      • Roof: Shingle
      Condition
      • Resale
      • New construction: No
      • Year built: 2002

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
      Green energy
      • Energy efficient items: None
      • Energy generation: None

      Community & HOA

      Community
      • Features: Gated
      • Security: Security Gate
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Commerce

      Financial & listing details

      • Tax assessed value: $1,393,000
      • Annual tax amount: $14,881
      • Date on market: 4/21/2026
      • Electric utility on property: Yes
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        Estimated market value

        $2,087,700

        $1.98M - $2.19M

        $1,597/mo

        Price history

        DateEventPrice
        4/21/2026Listed for sale$2,200,000+35.4%
        Source: FMLS GA #7752601 Report a problem
        12/22/2021Sold$1,625,000+115.9%
        Source: Public Record Report a problem
        3/31/2017Sold$752,500+3.8%
        Source: Public Record Report a problem
        3/31/2015Sold$725,000+811.9%
        Source: Public Record Report a problem
        2/2/2015Listing removed$895
        Source: KDD PROPERTY MANAGEMENT, LLC #07279469 Report a problem
        11/2/2014Listing removed$79,500
        Source: Keller Williams Realty Lanier Partners #07326112 Report a problem
        10/5/2014Price change$895-5.8%
        Source: KDD PROPERTY MANAGEMENT, LLC #07279469 Report a problem
        8/26/2014Listed for sale$79,500
        Source: Keller Williams Realty Lanier Partners #07326112 Report a problem
        6/24/2014Listed for rent$950
        Source: KDD PROPERTY MANAGEMENT, LLC #07279469 Report a problem
        6/4/2014Listing removed$79,500
        Source: REALTIES-USA #5239461 Report a problem
        4/30/2014Price change$79,500-11.6%
        Source: REALTIES-USA #5239461 Report a problem
        4/18/2014Price change$89,900-10%
        Source: REALTIES-USA #5239461 Report a problem
        1/16/2014Listed for sale$99,900-64.9%
        Source: REALTIES-USA #5239461 Report a problem
        7/2/2013Sold$285,000-69.7%
        Source: Public Record Report a problem
        12/17/2004Sold$940,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$13,766 -11.3%$557,200
        2024$15,525 +13.1%$557,200 +13.8%
        2023$13,724 +9.9%$489,600 +27.2%
        2022$12,484 -1.9%$385,000
        2021$12,731 +0.8%$385,000 +12%
        2020$12,631 +0.9%$343,600
        2019$12,522 +12.2%$343,600 +4.9%
        2018$11,165 +2.2%$327,400 +11.7%
        2017$10,922 +0.5%$293,046
        2016$10,870 +0.6%$293,046
        2015$10,808 -3.3%$293,046 +33.3%
        2014$11,172 +32.2%$219,842 +1.7%
        2013$8,448 $216,098
        2012-- --
        2011-- --
        2010-- --

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $12,956/mo
        Principal & interest
        $11269
        Property taxes
        $1687
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          Climate risks

          Neighborhood: 30529

          Getting around

          6 / 100
          Car-Dependent
          10 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Commerce
          • Middle: Commerce
          • High: Commerce

          Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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