NO OWNER FINANCING Investment Opportunity – Tenants in Place! Don’t miss this investment opportunity in the heart of Canton, GA! This 5-plex (all 2-bedroom 1-bathroom) is already tenant-occupied, providing immediate rental income for investors. Convenient location near shopping, dining, and major highways, and strong rental market in Canton for consistent cash flow. Whether you’re a seasoned investor or just starting, this income-producing property is a fantastic addition to your portfolio.
New Town, located between Downtown Canton and the Etowah River, is a walkable and master-planned Canton neighborhood with a compact town center and tree-lined streets. The neighborhood’s character concentrates around the New Town Boulevard and Riverstone Parkway corridor, where patios, storefronts, and sidewalks set a steady, social pace. Architecture leans toward front-porch townhomes and tightly spaced single-family homes with alley-style garages and pocket greens. Reformation Brewery’s Canton outpost and the Canton Theatre anchor nights out with taps and marquee lights. Brown Park and the Etowah River Park trails shape daily routines with open lawns and river views. Streetscapes favor short blocks and café stops over long drives.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Resale condition
Bedrooms
Five 2-bedroom units (each unit has 2 bedrooms)
Bathrooms
Each unit has 1 bathroom
Kitchen
Not specified
Laundry & utility
Not specified
Flooring
Not specified
Heating & cooling
Other heating
Other cooling
Exterior features
Use GPS for directions
Tax/legal: LL 168; 14TH D
Home design
Two levels
Multi-family property with 5 units
Parking
Not specified
Security
Not specified
Construction
Other construction materials
Composition roof
Utilities
Public water
Public sewer
Electricity available
Sewer available
Water available
HOA & community
Not specified
Financial info
Total of 5 rental units
Unit rents listed: three units at $1,300, one unit at $1,100, one unit at $1,300 (actual rents)
Deposit amounts shown: $400 per unit
Garbage service included in each unit; electricity, gas, water, and maintenance not included
Other
Occupant status: each unit is tenant-occupied
Electricity and solar
View estimated energy costs and solar savings for this home
Investment Opportunity Co Tenant in Place! DonCOt miss this investment opportunity in the heart of Canton, GA! This 5-plex (all 2-bedroom 1-bathroom) is already tenant-occupied, providing immediate rental income for investors. Convenient location near shopping, dining, and major highways, and strong rental market in Canton for consistent cash flow. Whether youCOre a seasoned investor or just starting, this income-producing property is a fantastic addition to your portfolio.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Single Family Residential
County
Cherokee County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Mar 11, 2025.
Historical weather
Canton, GA • 30114
Average low and high temperatures (°F)
48
30
59
37
70
45
77
53
77
60
85
67
90
72
86
68
82
65
74
53
65
46
55
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
74/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 550 Waleska Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More