Occupied Duplex
For Sale
$420,000
114-116 Cane Court, Brunswick, GA 31520
Residential Income, Brunswick, GA
Property Size3,006 SF
Lot Size0.36 Acres
Price / SF$139.72
Days on Market124
Property Features for 114-116 Cane Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 3
Parking
2
Parking features
Driveway, Open, Guest, Assigned
Interior features
Ceiling Fan(s)
Appliances
Convection Oven, Disposal, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven
Subdivision
Millcrest
Elementary school
Glyndale
Middle school
Needwood Middle School
High school
Brunswick High School
Directions
Take Sweet Gum off Old Cate Rd, turn right, left into ul de sac duplex on right .
Standard status
Active
APN
0316037
Size
3,006 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Description
Lot 36 Millcrest
Legal Description
Lot 36 Millcrest
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump, Electric
Water source
Public
Building Details
Year built
2003
Floors in Building
2
Listing Agency:
Driggers Realty
(912) 265-6767
Listed By:
Valerie Harrison · License #131050
(912) 269-0240
Added: Apr 30
Changed: Aug 19
Last Checked: Aug 31 at 7:06PM
MLS# 1661704
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.
This Brunswick property includes two occupied duplex residences with a combined 3,006 square feet. Each residence offers three bedrooms, two bathrooms, and a single garage. The owners provide the kitchen appliances, including stoves, refrigerators, microwaves, dishwashers, disposals, convection ovens, and self-cleaning ovens. Interior features include ceiling fans, while heating and cooling are provided by electric heat-pump systems.
The property sits on 0.36 acres and was built in 2003. Public water and public sewer serve the site, with cable available. Parking features include driveways, open parking, guest spaces, and assigned spaces. Showings require advance appointments coordinated with the occupants.
The property sits on 0.36 acres and was built in 2003. Public water and public sewer serve the site, with cable available. Parking features include driveways, open parking, guest spaces, and assigned spaces. Showings require advance appointments coordinated with the occupants.
Key Highlights
- Two occupied duplex residences with three bedrooms and two bathrooms each
- 3,006 square feet on a 0.36‑acre parcel
- Single garage provided for each residence
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
$24,790
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
5.90%
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%
$495,800
$495.8K
Cap Rate 7%
$354,143
$354.1K
Cap Rate 9%
$275,444
$275.4K
Market Conditions
NOI Build-Up for 3,006 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
$37.9K $12.60/SF
− Vacancy
−$2.5K −$0.82/SF
EGI
$35.4K $11.78/SF
− OpEx
−$10.6K −$3.53/SF
NOI
$24.8K $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%
$495,800
Cap Rate 7%
$354,143
Cap Rate 9%
$275,444
Alternative Uses
Best Use
Multifamily LT 5
$354.1K
$309.9K – $413.2K
NOI $24,790 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$328.4K
$287.3K – $383.1K
NOI $22,987 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$623.9K
$545.9K – $727.8K
NOI $43,670 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
395
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied duplex residences feature three-bedroom, two-bath layouts, individual garages, and owner-provided kitchen appliances.
Where is this duplex located?
The property is located at 114-116 Cane Court Brunswick, GA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two occupied duplex residences with three bedrooms and two bathrooms each; 3,006 square feet on a 0.36‑acre parcel; Single garage provided for each residence
