Albany Duplex: Fully
511 Florence Drive Albany, GA 31707
511 Florence Drive, Albany, GA, 31707
$139,900
For Sale
$139,900
MULTI_FAMILY - Albany, GA
Property Size1,440 SF
Lot Size0.42 Acres
Price / SF$97.15
Days on Market169
Property Features for 511 Florence Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
- Parking features
- Driveway
- Interior features
- Pantry
- Exterior features
- Fenced Back Yard
- Fencing
- Back Yard
- Appliances
- Stove/Oven Electric
- Standard status
- Active
- APN
- 000GG/00038/016
- Size
- 1,440 SF
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- deed book 5091 page 323
- Tax Annual Amount
- 1415
Building Details
- Year built
- 1962
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
ERA ALL IN ONE REALTY
(229) 888-6670
404 N. Westover Blvd., Albany, GA
Listed by
Amanda Wiley & Kyla Standring Team
(229) 888-6670
Added: Jan 29 Checked: Jul 17 at 11:06 am
MLS# 167491
Listing URL
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 is a fully rented duplex located in Albany, Georgia. The all-brick building features a newer roof and updated interiors with LVP flooring. Each side of the duplex includes 2 bedrooms and 1 bathroom, with central heating and air. The property is fully fenced and currently generates an income of $1390 per month, with potential for rent growth. The property size is 1440 square feet and the lot size is 0.42 acres. This residential income property presents an opportunity to expand your portfolio.
Key Highlights
- Fully rented duplex generating $1,390/month income, with rent growth possible per remarks
- Two units with 2 bedrooms and 1 bathroom on each side
- All‑brick construction with a shingle roof and a newer roof (per remarks)
Local 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 | $14.7k | $10.20 |
| − Vacancy | −$1.1k | −$0.77 |
| EGI | $13.6k | $9.44 |
| − OpEx | −$4.1k | −$2.83 |
| NOI | $9.5k | $6.60 |
1,440 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$135.9K
$118.9K – $158.5K
NOI $9,510 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$126.0K
$110.3K – $147.0K
NOI $8,820 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$283.4K
$248.0K – $330.6K
NOI $19,837 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully rented duplex in Albany, Georgia, with updated interiors.
Where is this duplex located?
The property is located at 511 Florence Drive Albany, GA.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Fully rented duplex generating $1,390/month income, with rent growth possible per remarks; Two units with 2 bedrooms and 1 bathroom on each side; All‑brick construction with a shingle roof and a newer roof (per remarks)
