Brick Quadplex Near Lakebottom
For Sale
$549,000
1620 Springer Street, Columbus, GA 31901
MULTI_FAMILY - Columbus, GA
Property Size4,195 SF
Lot Size0.26 Acres
Price / SF$130.87
Days on Market110
Property Features for 1620 Springer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 5, Bathroom 5, Bedroom 7, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Carport
Subdivision
No Subdivision
Lot features
Less than 1/2 Acre
Directions
East On Springer St, House In On The Left.
Standard status
Active
APN
027 028 010
Size
4,195 SF
Lot size
0.26 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1943
Number of units
4
Building materials
Brick
Listing Agency:
Coldwell Banker / Kennon, Parker, Duncan & Davis · Coldwell Banker Real Estate
(706) 256-1000
Listed By:
Morgan Scarbrough · License #407179
(706) 566-0101
Added: Apr 15
Changed: Aug 2
Last Checked: Aug 2 at 9:06PM
MLS# 230422
Copyright © 2026 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Brick quadplex at 1620 Springer Street, Columbus, GA 31901, set on a 0.26-acre lot with 4,195 square feet of building area. Constructed in 1943, the property includes carport parking and is served by public water and public sewer.
Located in Midtown, the home is described as just one block from Lakebottom Park. The layout is presented as suited to either portfolio expansion or an owner-occupant strategy.
Each unit is referenced as benefiting from its proximity to the Weracoba park district and access to Midtown amenities, with strong rental demand noted for Columbus.
Located in Midtown, the home is described as just one block from Lakebottom Park. The layout is presented as suited to either portfolio expansion or an owner-occupant strategy.
Each unit is referenced as benefiting from its proximity to the Weracoba park district and access to Midtown amenities, with strong rental demand noted for Columbus.
Key Highlights
- 0.26‑acre lot with 4,195 SF brick quadplex
- Built in 1943
- Carport parking
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $13.80 |
| − Vacancy | −$3.6k | −$0.85 |
| EGI | $54.3k | $12.95 |
| − OpEx | −$16.3k | −$3.88 |
| NOI | $38.0k | $9.06 |
4,195 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.2K
$475.3K – $633.7K
NOI $38,023 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$480.8K
$420.7K – $560.9K
NOI $33,654 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$938.6K
$821.3K – $1.10M
NOI $65,705 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,723
Businesses Nearby
Explore this area
Business Placement
Demographics for 31901, GA
7,126
Population
3,971
Households
1.8
Avg Household Size
36
Median Age
35%
College-Educated
82%
High-School Grad
4.4 sq mi
ZIP Area
1,620
Density / Sq Mi
$47,316
Median Household Income
$35,062
Median Earnings
$893
Median Rent
$208,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Brick quadplex built in 1943 with carport parking and public water and sewer services.
Where is this quadplex located?
The property is located at 1620 Springer Street Columbus, GA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 0.26‑acre lot with 4,195 SF brick quadplex; Built in 1943; Carport parking
