Two-Unit Duplex with Private
For Sale
$234,000
116 Samarya Ln, Martinez, GA 30907
Each residence includes two bedrooms, two bathrooms, laundry, storage, and a concrete parking pad.
Property Size1,829 SF
Price / SF$127.94
Days on Market20
Property Features for 116 Samarya Ln
General Information
Standard status
Active
Size
1,829 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
private patio
laundry room
exterior storage space
parking
Building Details
Year Built
1981
Listing Agency:
Meybohm Real Estate - Evans
(803) 270-1057
Listed By:
Ana Ahmadieh · License #401187
Source:
Barefootbrokers
Added: Aug 13
Changed: Aug 30
Last Checked: Aug 31 at 6:40PM
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 Meybohm Real Estate - Evans
Investment Insights
Based on property information with market context.
Built in 1981, this duplex contains two separate units with matching residential layouts. Each unit offers two bedrooms, two bathrooms, a living room, kitchen, dining area, and laundry room. Exterior storage and a private rear patio accompany each residence, adding practical utility and individual outdoor space.
Front parking is provided on concrete pads. The property is located at 116 Samarya Ln in Martinez, with convenient access to Interstate routes and proximity to shopping centers, grocery stores, medical facilities, and schools. The configuration provides two independent living spaces within one income-producing property.
Front parking is provided on concrete pads. The property is located at 116 Samarya Ln in Martinez, with convenient access to Interstate routes and proximity to shopping centers, grocery stores, medical facilities, and schools. The configuration provides two independent living spaces within one income-producing property.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 bathrooms per unit
- Each unit includes a living room, kitchen, dining area, and laundry room
- Private rear patio and exterior storage for both units
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
$17,937
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
7.67%
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%
$358,740
$358.7K
Cap Rate 7%
$256,243
$256.2K
Cap Rate 9%
$199,300
$199.3K
Market Conditions
NOI Build-Up for 1,829 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
$27.9K $15.24/SF
− Vacancy
−$2.2K −$1.23/SF
EGI
$25.6K $14.01/SF
− OpEx
−$7.7K −$4.20/SF
NOI
$17.9K $9.81/SF
Area
Columbia County, GA
Vacancy
8.07%
Lease Rate
$15.24 /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%
$358,740
Cap Rate 7%
$256,243
Cap Rate 9%
$199,300
Alternative Uses
Best Use
Multifamily LT 5
$256.2K
$224.2K – $299.0K
NOI $17,937 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$236.7K
$207.1K – $276.1K
NOI $16,568 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$577.3K
$505.1K – $673.5K
NOI $40,411 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 30907, GA
50,964
Population
22,219
Households
2.3
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
2,115
Density / Sq Mi
$83,349
Median Household Income
$45,692
Median Earnings
$1,211
Median Rent
$232,000
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 - Each residence includes two bedrooms, two bathrooms, laundry, storage, and a concrete parking pad.
Where is this duplex located?
The property is located at 116 Samarya Ln Martinez, GA.
What is the asking price?
The asking price for this property is $234,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 bathrooms per unit; Each unit includes a living room, kitchen, dining area, and laundry room; Private rear patio and exterior storage for both units
