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42-Unit Apartment Building
For Sale
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1013 Cedar Avenue, Albany, GA 31701

Established multifamily asset containing 42 residential units in a single apartment property.

Property Size42,750 SF
Days on Market64

Property Features for 1013 Cedar Avenue

General Information

Standard status Active
Size 42,750 SF
Property subtype Multifamily
Occupancy 85%
Investment Type Value Add

Additional Details

Multifamily Units 42

Building Details

Year Built 1971
Buildings 9
Units 42
Tenancy Multi
Listing Agency: Palomar Real Estate Group
Listed By: Lee Malchow · License #GA 384018
Source: Crexi
Added: Jun 30 Changed: Aug 30 Last Checked: Aug 30 at 4:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Palomar Real Estate Group

Investment Insights

Based on property information with market context.

This apartment property includes 42 residential units within approximately 42,750 square feet. The building was constructed in 1971 and is classified as an apartment building within a multifamily property grouping.

Located at 1013 Cedar Avenue in Albany, Georgia, the property is offered for sale. Its unit count, building area, and established construction date provide a clear basis for evaluating the asset as a multifamily property.

Key Highlights

  • 42 residential units
  • 42,750 SF building area
  • Constructed in 1971

Property Analytics

Current Use

Smith Daycare II Daycare Center Cedar Ave Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center HVAC Service Building Supply Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

42
Residential units

Location Intelligence

Trade Area within ½ mile

247
Businesses Nearby

Demographics for 31701, GA

18,133
Population
9,535
Households
1.9
Avg Household Size
39
Median Age
17%
College-Educated
81%
High-School Grad
21.2 sq mi
ZIP Area
855
Density / Sq Mi
$32,902
Median Household Income
$31,489
Median Earnings
$812
Median Rent
$97,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Established multifamily asset containing 42 residential units in a single apartment property.
Where is this apartment building located?
The property is located at 1013 Cedar Avenue Albany, GA.
What are key features of this property?
This property features: 42 residential units; 42,750 SF building area; Constructed in 1971
(214) 545-6917 Call to check price and availability
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