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    510 S College St Statesboro, GA 30458

    Pending
    For Sale
    $700,000

    MULTI_FAMILY - Statesboro, GA

    Lot size:
    3.00 Acres
    Days on Market:
    13
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 510 S College St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    MS51000045 000
    Lot size
    3.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    2
    Number of units
    16
    Building materials
    Block, Concrete

    Weichert Realtors - Webb & Associates (912) 481-0548 [email protected]

    Listing agent Dona A Westberry (912) 764-9722

    Listing date Nov 24, 2025

    MLS# 10537440 Listing URL

    Copyright © 2025 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Statesboro Multifamily Investment Opportunity

    This multifamily property, situated on 3 acres in Statesboro, Georgia, presents an investment opportunity. The property is located a block off the Blue Mile and within walking distance of Georgia Southern University, close to restaurants, dog parks, and public transportation. It comprises sixteen 2-bedroom, 2-bath units across five buildings. The property, in its current condition, can be remodeled or cleared for redevelopment to accommodate higher density and potentially increase income. The site is serviced by city utilities and may be eligible for city incentives and special financing. The property is currently in a flood zone, and renovations exceeding 50% of the property's value will require code compliance. Possible owner financing is available with 50% down.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Statesboro
    County
    Bulloch
    State
    Georgia
    Longitude
    -81.787891
    Latitude
    32.431931

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property near Georgia Southern University, ideal for redevelopment.
    Where is this apartment building located?
    The property is located at 510 S College St Statesboro, GA.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Prime location: A block from the Blue Mile and walking distance to Georgia Southern University.; - Multi-family property: Features 16 two-bedroom, two-bath units across 5 buildings.; - Development potential: 3-acre lot suitable for remodeling or redevelopment for increased density.
    (912) 764-9722
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    510 S College St Statesboro, GA 30458
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