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150 Church Street Sw, 
Pelham, GA 31779

$495,000


—

Bed


—

Bath


4,978

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

John Courson

229-244-3535

Last updated:

October 4, 2026, 03:50 PM

MLS#

155105

Source:

GA VBR

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About This Home

150 Church Street Sw

Stabilized 4-unit investment with proven rental history in the heart of charming downtown Pelham in Southwest Georgia! 150 SW Church Street offers a rare combination of in-place income, historic character and an inviting small-town setting. Offered at $495,000, this distinctive 4,978 SF brick property features four spacious 2BR/1.5BA residences, each currently renting for $1,100/month, generating $4,400 in monthly scheduled rent and $52,800 annually (7.46% cap rate at 30% OPEX). Originally constructed in the 1940s and thoughtfully renovated, the building retains the character that makes it special, including refinished hardwood floors, high ceilings, fireplaces, built-in storage, sitting areas and inviting porches, complemented by stainless appliances and updated fixtures and finishes. Central HVAC, brick construction and a metal roof add to the appeal and make this a must-see property. Located in downtown Pelham, residents enjoy the charm and convenience of small-town living with shopping, dining, banking and everyday services nearby. The established long-term rental model provides immediate cash flow, while the property's distinctive character and downtown location also create potential for furnished, corporate or short-term rental use for one or more units, subject to applicable regulations. Proven income, historic character and multiple rental possibilities—all in the heart of downtown Pelham.

Home Facts

Multi-Family

Subdivision & Development:

Pelham

Price Summary

495,000

$99 per Sq. Ft.

MLS #:

155105

Last Updated:

October 4, 2026, 03:50 PM

Added:

12 day(s) ago


Rooms & Interior

Interior

Living Area:

4,978 Sq. Ft.


Structure

Structure

Building Area:

4,978 Sq. Ft.


Lot

Lot Size (Sq. Ft):

21,344


Finances & Disclosures

Finances

Price:

$495,000

Price per Sq. Ft:

$99 per Sq. Ft.

150 Church Street Sw
Source:GA VBR
IDX information being provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Humboldt Association of REALTORS® October 4, 2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. GA VBR Member Broker: Tom Call

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.