Victorian
For Sale
$545,000
1113 Grant Street, Brunswick, GA 31520
Residential, Brunswick, GA
Property Size2,866 SF
Lot Size0.19 Acres
Price / SF$190.16
Days on Market34
Property Features for 1113 Grant Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Commercial
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Laundry Room, Bathroom 1, Bedroom 2
Parking features
Off Street, On Street
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Rear Stairs
Fireplace
1
Appliances
Dryer, Electric Range, Range, Refrigerator, Washer
Subdivision
Old Town
Lot features
Back Yard, Level, Historic Property Lot
Elementary school
Oglethorpe
Middle school
Glynn Middle School
High school
Glynn Academy
Directions
From Newcastle Street, travel south towards HanoverSquare. Turn Right onto Grant Street and home will be on the left. (two houses down from St Francis Xavier Private
Standard status
Active
APN
0100966
Size
2,866 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Ptn Lot 73 O T
Tax Annual Amount
6068
Legal Description
Ptn Lot 73 O T
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
shared laundry room
rear deck
Building Details
Year built
1910
Floors in Building
3
Flooring type
Hardwood
Building materials
Frame, Wood Siding
Roof type
Metal
Architectural style
Victorian
Listing Agency:
BHHS Hodnett Cooper Real Estate BWK · Berkshire Hathaway HomeServices
(912) 638-5450
Listed By:
Erin Vaughn · License #321425
(912) 223-2201
Added: Aug 13
Changed: Sep 13
Last Checked: Sep 15 at 4:06PM
MLS# 2001847
Copyright © 2026 Golden Isles Association of REALTORS. 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.
Built in 1910, this 2,866-square-foot Victorian property is configured as three apartments and is being sold furnished. The main floor contains a two-bedroom, two-bath residence; the second floor has a one-bedroom, one-bath apartment with office space; and the upper level includes a studio with a bathroom. A shared laundry room and rear deck serve the property. Hardwood floors, wood siding, a metal roof, central air, central heat, and public water and sewer are included. Three separate electric and water meters support the apartment configuration.
The property occupies a 0.19-acre lot extending from Grant Street to Bay Street at 1113 Grant Street in Brunswick. It is zoned General Commercial and sits across from Hanover Square in the downtown district, with shops, restaurants, and community events nearby. Current occupancy is based on minimum three-month stays, with utilities and lawn maintenance included in tenant rent.
The property occupies a 0.19-acre lot extending from Grant Street to Bay Street at 1113 Grant Street in Brunswick. It is zoned General Commercial and sits across from Hanover Square in the downtown district, with shops, restaurants, and community events nearby. Current occupancy is based on minimum three-month stays, with utilities and lawn maintenance included in tenant rent.
Key Highlights
- 2,866‑square‑foot Victorian triplex built in 1910
- Three apartments: 2‑bedroom/2‑bath, 1‑bedroom/1‑bath with office, and studio with bathroom
- 0.19‑acre lot extending from Grant Street to Bay Street
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
4.34%
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 4.34%
Second Best
Apartment 5plus
$313.1K
$274.0K – $365.3K
NOI $21,917 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$594.8K
$520.5K – $693.9K
NOI $41,636 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Furnished three-unit property with separate electric and water meters, 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 $545,000.
What are key features of this property?
This property features: 2,866‑square‑foot Victorian triplex built in 1910; Three apartments: 2‑bedroom/2‑bath, 1‑bedroom/1‑bath with office, and studio with bathroom; 0.19‑acre lot extending from Grant Street to Bay Street
