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    213 16Th St Columbus, GA 31901

    Sponsored
    For Sale
    $800,000

    8-Unit Multifamily, High Demand Area

    Property size:
    4,552 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional investment opportunity is a lightly remodeled, two-story multifamily building located in Columbus, Georgia's vibrant Uptown district. The property comprises eight units: one two-bedroom apartment, six one-bedroom apartments, and one studio apartment, offering immediate cash flow potential. Situated on a 0.09-acre lot, the 4,552 square foot building benefits from its prime location near Columbus State University, St. Francis Hospital, and the Uptown Columbus entertainment district. Proximity to major employment centers, healthcare facilities, and transportation routes ensures a consistent tenant pool. The property's location offers easy access to numerous attractions, including the Chattahoochee Riverwalk, the Columbus Museum, the Columbus Civic Center, and the National Infantry Museum. This presents a strong value-add opportunity for investors seeking long-term appreciation in a rapidly developing area with high rental demand. The diverse mix of unit sizes ensures stable cash flow and potential for future rental income growth. This is an ideal investment for those seeking a turnkey property in a desirable and convenient location. The asking price is $800,000.

    Property Features for 213 16Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,552 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1912
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.98954
    Latitude
    32.47649

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    FAQs

    What type of property is this?
    Commercial real estate - 8-Unit Multifamily, High Demand Area
    Where is this commercial real estate located?
    The property is located at 213 16Th St Columbus, GA.
    What is the asking price?
    The asking price for this property is $800,000.
    (470) 795-9682
    Request Owner's contact information
    213 16Th St Columbus, GA 31901
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    Columbus, GA 31901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    213 16Th St Columbus, GA 31901
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