Duplex with Covered
For Sale
$129,900
Pending
336 Station Crossing Drive, Albany, GA 31721
MULTI_FAMILY - Albany, GA
Property Size1,885 SF
Lot Size0.30 Acres
Days on Market44
Property Features for 336 Station Crossing Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 5
Parking features
Driveway
Window features
Blinds
Patio and Porch features
Porch
Exterior features
Porch Covered
Appliances
Stove/Oven Electric, Smoke Detector
Subdivision
Lockett Crossing
Lot features
Corner, Paved Road
Directions
Head down Gillionville to Locket Station. Turn left on Lockett Station, go down and make a right on Station Crossing, and go to the left and circle around and the home is on the left.
Standard status
Pending
APN
00365/00009/016
Size
1,885 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Same as recorded in Deed Book 5062 Page 66, Dougherty County, GA.
Tax Annual Amount
1323
Legal Description
Same as recorded in Deed Book 5062 Page 66, Dougherty County, GA.
Utilities
Utilities
Cable Available
Building Details
Year built
1993
Floors in Building
1
Flooring type
Carpet, Vinyl
Building materials
Wood Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
ERA ALL IN ONE REALTY · ERA Real Estate
(229) 888-6670
Listed By:
Amanda Wiley & Kyla Standring Team · License #309999
(229) 888-6670
Added: Jul 20
Changed: Aug 6
Last Checked: Aug 31 at 11:06PM
MLS# 169571
Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. 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.
This duplex on a 0.3-acre lot provides comfortable two-family living with each unit featuring three bedrooms, 1.5 bathrooms, and central heating and air. The property totals 1,885 square feet and was built in 1993. Exterior details include wood siding, a shingle roof, and a covered porch, with driveway parking available. Interior finishes include carpet and vinyl flooring, and unit amenities include a stove/oven electric range and smoke detectors.
Updates noted include updated plumbing, new electrical receptacles, and updated appliances completed in 2023–2024, plus an updated vanity and updated flooring in one unit. Both units are currently rented.
For buyers seeking flexibility, the configuration supports either continuing to lease both sides or owner-occupying one unit while renting the other.
Updates noted include updated plumbing, new electrical receptacles, and updated appliances completed in 2023–2024, plus an updated vanity and updated flooring in one unit. Both units are currently rented.
For buyers seeking flexibility, the configuration supports either continuing to lease both sides or owner-occupying one unit while renting the other.
Key Highlights
- 0.3‑acre duplex with 1,885 square feet built in 1993
- Each unit has three bedrooms and 1.5 bathrooms with central heating and air
- Covered porch and driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,545
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,900
$230.9K
Cap Rate 7%
$164,929
$164.9K
Cap Rate 9%
$128,278
$128.3K
Market Conditions
NOI Build-Up for 1,885 SF
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.
Gross rent
$22.6K $12.00/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$21.0K $11.14/SF
− OpEx
−$9.4K −$5.01/SF
NOI
$11.5K $6.12/SF
Area
Dougherty County, GA
Vacancy
7.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,900
Cap Rate 7%
$164,929
Cap Rate 9%
$128,278
Alternative Uses
Best Use
Multifamily LT 5
$177.8K
$155.6K – $207.5K
NOI $12,449 @ 7.0% cap · market cap 9.58%
Second Best
Apartment 5plus
$164.9K
$144.3K – $192.4K
NOI $11,545 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$371.0K
$324.6K – $432.8K
NOI $25,968 @ 7.0% cap · market cap 19.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 31721, GA
19,652
Population
8,508
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
94%
High-School Grad
220.7 sq mi
ZIP Area
89
Density / Sq Mi
$78,314
Median Household Income
$45,758
Median Earnings
$1,174
Median Rent
$209,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with covered porch; each unit offers three bedrooms, 1.5 baths, and central heating and air.
Where is this duplex located?
The property is located at 336 Station Crossing Drive Albany, GA.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 0.3‑acre duplex with 1,885 square feet built in 1993; Each unit has three bedrooms and 1.5 bathrooms with central heating and air; Covered porch and driveway parking
