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Turnkey Multi-Family Investment Property

911 Lamore Street Columbus, GA 31907

911 Lamore Street, Columbus, GA, 31907
$230,000
For Sale
Claim this Listing
$230,000

MULTI_FAMILY - Columbus, GA

Property Size2,519 SF
Lot Size0.61 Acres
Price / SF$91.31
AddedMay 27
Days on Market51
Last RefreshJul 16 at 9:06 am

Property Features for 911 Lamore Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
Parking features
Driveway
Interior features
Walk-In Closet(s)
Appliances
Dishwasher, Range, Refrigerator
Standard status
Active
APN
086 016 024
Size
2,519 SF
Lot size
0.61 Acres

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), See Remarks (Heating)
Water source
Public

Building Details

Year built
1933
Number of units
4

Listing agent Jeanne Martz License #289010

Listing office Coldwell Banker / Kennon, Parker, Duncan & Davis 5670 WHITESVILLE RD, Columbus, GA

Listing date May 27, 2026

MLS# 232073 Listing URL

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.

This multi-family property in Columbus, GA, presents an investment opportunity with four distinct living spaces, all currently occupied. The main residence, which has been completely renovated, includes two bedrooms and one bathroom. Additionally, there is a duplex with two separate units: Unit A on the lower level, featuring a one-bedroom, one-bathroom layout, and Unit B upstairs, offering a studio-style living space. A completely renovated one-bedroom, one-bathroom cottage with contemporary finishes and modern amenities is also included. The property is situated on a 0.61-acre lot. The property size is 2519 square feet. Showings are available during the due diligence period after an accepted contract to minimize disruption to current tenants.

Key Highlights

  • Multi‑family property with four distinct living spaces, all currently occupied by tenants
  • Main residence: 2 bedrooms and 1 bathroom; fully renovated
  • Duplex layout with Unit A (lower level) offering 1 bedroom and 1 bathroom and Unit B upstairs with a studio‑style living space

Local Financial Insights For Apartment 5plus

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 $39.3k $15.60
− Vacancy −$2.6k −$1.01
EGI $36.7k $14.59
− OpEx −$16.5k −$6.56
NOI $20.2k $8.02
2,519 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$326.2K
$285.4K – $380.5K (±1% cap)
NOI $22,832 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$288.7K
$252.6K – $336.8K (±1% cap)
NOI $20,208 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$563.6K
$493.2K – $657.6K (±1% cap)
NOI $39,454 @ 7.0% cap · market cap 17.15%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Restaurant Electrical Service Daycare Center Big Box & Wholesale Store Building Supply (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair Garden Center

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

FAQs

What type of property is this?
Quadplex - Four income-generating units with immediate cash flow in Columbus, GA.
Where is this quadplex located?
The property is located at 911 Lamore Street Columbus, GA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Multi‑family property with four distinct living spaces, all currently occupied by tenants; Main residence: 2 bedrooms and 1 bathroom; fully renovated; Duplex layout with Unit A (lower level) offering 1 bedroom and 1 bathroom and Unit B upstairs with a studio‑style living space
Contact an agent
More about this property
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