Victorian Triplex with Furnished
For Sale
$569,000
1113 Grant Street, Brunswick, GA 31520
General Commercial zoning supports a furnished three-apartment configuration with shared laundry and a rear deck.
Property Size2,866 SF
Price / SF$198.53
Days on Market11
Property Features for 1113 Grant Street
General Information
Standard status
Active
Size
2,866 SF
Property subtype
Mixed Use
Zoning
General Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units
3
Additional Details
Furnished
Yes
Amenities
shared laundry room
rear deck
Leased Land: No, 0.19 acres, City Lot, Level
Metal
Public Sewer
Annual Amount: $6,068, Year: 2025
Hardwood
Ceiling Fan(s), Central Air
Central
Common Area
Cumulative Days on Market: 8, 8 days on market, On Market Date: 2026-08-13
Parking Total: 4, Off Street
Elementary Bus: Yes, Elementary School: Oglethorpe Point, High School Bus: Yes, High School: Glynn, Middle School Bus: Yes, Middle School: Glynn
2 main level bedrooms, 2 upper level bedrooms, 4 total bedrooms
2,866 finished sqft above grade, 2,866 total finished sqft, Built in 1910, Victorian, Wood Siding, Three Or More, House
County: Glynn, Subdivision: Old Town
Resale, Mixed Use, City
2 main level full bathrooms, 2 upper level full bathrooms, 4 full bathrooms
Electricity Available, High Speed Internet, Natural Gas Available, Public
Close Of Escrow
Foyer, Laundry
Deck
Roommate Plan, Split Bedroom Plan, Split Foyer
Dryer, Electric Water Heater, Microwave, Oven/Range (Combo), Refrigerator, Washer
Building Details
Building Size
2,866 SF
Year Built
1910
Buildings
1
Stories
3
Construction
Victorian
Listing Agency:
BHHS Hodnett Cooper Real Estate
(912) 223-2201
Listed By:
Erin Vaughn
(912) 223-2201
Source:
Blackstreaminternational
Added: Aug 13
Changed: Aug 22
Last Checked: Aug 22 at 4:11AM
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 BHHS Hodnett Cooper Real Estate
Investment Insights
Based on property information with market context.
Built in 1910, this Victorian triplex retains gingerbread trim and is arranged as three separate apartments. The main-level residence has two bedrooms and two bathrooms; the second-floor unit includes one bedroom, one bathroom, and office space; and the top-floor apartment is a studio with a bathroom. A shared laundry room and rear deck serve the property, which is being offered furnished.
The lot extends from Grant Street to Bay Street at 1113 Grant Street in Brunswick, Georgia, across from historic Hanover Square and within the walkable downtown district. Shops, restaurants, and community events are nearby. Three separate power meters and three separate water meters serve the apartments. Current leases require minimum stays of three months, with electricity, water/sewer, internet, and lawn maintenance included in tenant rent.
The lot extends from Grant Street to Bay Street at 1113 Grant Street in Brunswick, Georgia, across from historic Hanover Square and within the walkable downtown district. Shops, restaurants, and community events are nearby. Three separate power meters and three separate water meters serve the apartments. Current leases require minimum stays of three months, with electricity, water/sewer, internet, and lawn maintenance included in tenant rent.
Key Highlights
- Three‑apartment triplex built in 1910
- Unit mix includes 2‑bedroom, 2‑bath; 1‑bedroom, 1‑bath with office; and studio apartments
- General Commercial zoning
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
$23,635
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
4.15%
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%
$472,700
$472.7K
Cap Rate 7%
$337,643
$337.6K
Cap Rate 9%
$262,611
$262.6K
Market Conditions
NOI Build-Up for 2,866 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
$36.1K $12.60/SF
− Vacancy
−$2.3K −$0.82/SF
EGI
$33.8K $11.78/SF
− OpEx
−$10.1K −$3.53/SF
NOI
$23.6K $8.25/SF
Area
Glynn County, GA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
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%
$472,700
Cap Rate 7%
$337,643
Cap Rate 9%
$262,611
Alternative Uses
Best Use
Multifamily LT 5
$337.6K
$295.4K – $393.9K
NOI $23,635 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$313.1K
$274.0K – $365.3K
NOI $21,917 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$594.8K
$520.5K – $693.9K
NOI $41,636 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
Explore this area
Business Placement
Demographics for 31520, GA
22,726
Population
10,619
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
20.1 sq mi
ZIP Area
1,131
Density / Sq Mi
$37,652
Median Household Income
$26,292
Median Earnings
$936
Median Rent
$135,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - General Commercial zoning supports a furnished three-apartment configuration with shared laundry and a rear deck.
Where is this triplex located?
The property is located at 1113 Grant Street Brunswick, GA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Three‑apartment triplex built in 1910; Unit mix includes 2‑bedroom, 2‑bath; 1‑bedroom, 1‑bath with office; and studio apartments; General Commercial zoning
