Fully Renovated
For Sale
$162,900
Pending
1031 Lawyers Lane, Columbus, GA 31906
MULTI_FAMILY - Columbus, GA
Property Size1,680 SF
Lot Size0.16 Acres
Days on Market59
Property Features for 1031 Lawyers Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2
Parking features
On Street, Driveway
Appliances
Range, Refrigerator
Subdivision
Britt Addition
Lot features
Less than 1/2 Acre
Directions
Wynnton Road To Lawyers Lane, Duplex Is On The Right.
Standard status
Pending
APN
066 033 003
Size
1,680 SF
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
washer/dryer connections
Building Details
Year built
1933
Number of units
2
Flooring type
Hardwood
Building materials
Aluminum Siding
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
The Potts Team · License #00237674
(706) 442-1288
Added: Jun 27
Changed: Aug 4
Last Checked: Aug 24 at 9:06AM
MLS# 232580
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 fully renovated duplex offers a turnkey setup with updated interior components and tenant-ready in-unit convenience. The property has been updated within the last three years, including a new Goodman HVAC system along with new plumbing, electrical, and windows. Both sides include washer/dryer connections, and the home features hardwood flooring. Appliances included are a range and refrigerator.
The duplex sits on a 0.16-acre lot and totals 1,680 square feet. Built in 1933, it is served by public water and public sewer. Parking is available via driveway and on-street.
As an income-focused duplex, the property is reported to deliver a 7.76% cap rate with both sides currently rented.
The duplex sits on a 0.16-acre lot and totals 1,680 square feet. Built in 1933, it is served by public water and public sewer. Parking is available via driveway and on-street.
As an income-focused duplex, the property is reported to deliver a 7.76% cap rate with both sides currently rented.
Key Highlights
- 0.16‑acre lot with 1,680 square feet total building area
- Fully renovated within the last three years with new plumbing, electrical, and windows
- New Goodman HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,477
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$269,540
$269.5K
Cap Rate 7%
$192,529
$192.5K
Cap Rate 9%
$149,744
$149.7K
Market Conditions
NOI Build-Up for 1,680 SF
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.
Gross rent
$26.2K $15.60/SF
− Vacancy
−$1.7K −$1.01/SF
EGI
$24.5K $14.59/SF
− OpEx
−$11.0K −$6.56/SF
NOI
$13.5K $8.02/SF
Area
Columbus, GA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$269,540
Cap Rate 7%
$192,529
Cap Rate 9%
$149,744
Alternative Uses
Best Use
Multifamily LT 5
$217.5K
$190.3K – $253.8K
NOI $15,227 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$192.5K
$168.5K – $224.6K
NOI $13,477 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$375.9K
$328.9K – $438.6K
NOI $26,313 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 31906, GA
21,835
Population
11,046
Households
2
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
6.9 sq mi
ZIP Area
3,164
Density / Sq Mi
$41,913
Median Household Income
$35,820
Median Earnings
$872
Median Rent
$170,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Turnkey renovated duplex with washer/dryer connections and recently updated systems, on public water and sewer.
Where is this duplex located?
The property is located at 1031 Lawyers Lane Columbus, GA.
What is the asking price?
The asking price for this property is $162,900.
What are key features of this property?
This property features: 0.16‑acre lot with 1,680 square feet total building area; Fully renovated within the last three years with new plumbing, electrical, and windows; New Goodman HVAC system
