2-Unit Brick
118 S Palm Drive, Brunswick, GA 31525
For Sale
$199,900
Residential, Brunswick, GA
Property Size1,832 SF
Lot Size0.23 Acres
Price / SF$109.12
Days on Market49
Property Features for 118 S Palm Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Duckworth Properties BWK
(912) 262-0366
Listed By:
LeAnn Duckworth · License GA #245963
(912) 266-7675
Added: Sep 25
Changed: Oct 25
Last Checked: Nov 12 at 7:06AM
MLS# 2002715
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.
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Investment Insights
Based on property information with market context.
This 1,832-square-foot brick duplex, built in 1985, sits on a 0.23-acre lot. Both residences are configured with two bedrooms, one bathroom, a living room, kitchen, and laundry room. One unit is substantially finished with carpet and a range, oven, refrigerator, and dishwasher; the other remains in shell condition and needs finish work.
The property has a driveway and porch. Public water and sewer are available, along with electricity.
The property has a driveway and porch. Public water and sewer are available, along with electricity.
Key Highlights
- 1,832 square feet of building area on a 0.23‑acre lot
- Two residences, each with 2 bedrooms and 1 bathroom
- One unit is substantially finished; the second is in shell condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,108
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,160
$302.2K
Cap Rate 7%
$215,829
$215.8K
Cap Rate 9%
$167,867
$167.9K
Market Conditions
NOI Build-Up for 1,832 SF
Gross rent
$23.1K $12.60/SF
− Vacancy
−$1.5K −$0.82/SF
EGI
$21.6K $11.78/SF
− OpEx
−$6.5K −$3.53/SF
NOI
$15.1K $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 Rate 5%
$302,160
Cap Rate 7%
$215,829
Cap Rate 9%
$167,867
Alternative Uses
Best Use
Multifamily LT 5
$215.8K
$188.9K – $251.8K
NOI $15,108 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$200.1K
$175.1K – $233.5K
NOI $14,010 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$380.2K
$332.7K – $443.6K
NOI $26,615 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
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Business Placement
Demographics for 31525, GA
28,766
Population
12,373
Households
2.3
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
98.3 sq mi
ZIP Area
293
Density / Sq Mi
$65,896
Median Household Income
$37,145
Median Earnings
$1,137
Median Rent
$198,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and one bathroom; one requires interior completion.
Where is this duplex located?
The property is located at 118 S Palm Drive Brunswick, GA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,832 square feet of building area on a 0.23‑acre lot; Two residences, each with 2 bedrooms and 1 bathroom; One unit is substantially finished; the second is in shell condition
