Well-Maintained Multifamily Investment
917 Oakview Avenue, Columbus, GA 31906
MULTI_FAMILY - Columbus, GA
Property size:
7,214 SFLot size:
0.53 AcresPrice / SF:
$90/SF- Added:
- Mar 23, 2026
- Days on Market:
- 71
- Last Refresh:
- May 31 at 11:06 pm
Property Features for 917 Oakview Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- GC
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 3
- Parking
- 22
- Parking features
- Driveway
- Security features
- Security
- Interior features
- Walk-In Closet(s)
- Fencing
- Fenced
- Appliances
- Dishwasher, Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- 025 001 010
- Size
- 7,214 SF
- Lot size
- 0.53 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Electric (Heating), Heat Pump (Heating)
- Water source
- Public
Building Details
- Year built
- 1915
- Number of units
- 11
- Flooring type
- Laminate, Hardwood
- Building materials
- Brick
Listing agent Melissa Brown (706) 412-9420
Listing office Normand Real Estate, LLC PO BOX 204, Columbus, GA (706) 395-5424
Listing date Mar 23, 2026
MLS# 230627
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.
HighLights
- Prime 11‑unit multifamily investment property in central location
- Mix of occupied, move‑in‑ready (furnished), and renovation‑ready units for varied income potential
- New roof and individual water meters for each unit
- On‑site laundromat and ample off‑street parking
- Low‑maintenance brick construction with central heat/air in each unit
- Located near downtown, museum, restaurants, schools, shopping, parks, and major travel routes
Overview
This is an eleven-unit multifamily property located in Columbus, Georgia. The property is very well maintained and offers an investment opportunity in the heart of town. The property consists of all one-bedroom, one-bathroom units. Three units are currently occupied, providing immediate cash flow. Six units are move-in ready and fully furnished. Two units are fully gutted, ready for renovation. A new roof has been installed. Each unit is equipped with its own water meter and central heat and air. On-site amenities include a courtesy laundromat, a private dumpster, and ample off-street parking. The property is designed for low maintenance. The property is located minutes from downtown Columbus, directly across from the Columbus Museum, and steps away from restaurants, schools, shopping, parks, and major travel routes. The property, with a size of 7214 square feet, sits on a lot of 0.53 acres. The property is zoned GC. This property is suitable for an investor portfolio, offering existing income and lease-up potential.
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 | $112.5k | $15.60 |
| − Vacancy | −$7.3k | −$1.01 |
| EGI | $105.2k | $14.59 |
| − OpEx | −$47.4k | −$6.56 |
| NOI | $57.9k | $8.02 |
7,214 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$826.8K
$723.4K – $964.6K
NOI $57,873 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,990 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Muscogee
- State
- Georgia
- Longitude
- -84.974683
- Latitude
- 32.4642097
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eleven-unit multifamily property with income and renovation potential in Columbus.
Where is this apartment building located?
The property is located at 917 Oakview Avenue Columbus, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime 11‑unit multifamily investment property in central location; Mix of occupied, move‑in‑ready (furnished), and renovation‑ready units for varied income potential; New roof and individual water meters for each unit
