2-Unit Duplex with Private
For Sale
$234,000
118 Samarya Lane, Martinez, GA 30907
R-2-zoned residential property near Interstate access, shopping, grocery, medical facilities, and schools.
Property Size915 SF
Days on Market67
Property Features for 118 Samarya Lane
General Information
Standard status
Active
Size
915 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
R-2
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
private rear patio
exterior storage space
laundry room
Building Details
Building Size
915 SF
Year Built
1982
Stories
1
Units
2
Listing Agency:
Meybohm Real Estate - Evans
(803) 270-1057
Listed By:
Ana Ahmadieh · License #401187
(803) 270-1057
Source:
Thomasrealtysold
Added: Jun 19
Changed: Aug 21
Last Checked: Aug 24 at 3:32PM
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.
This duplex contains two residential units, each arranged with 2 bedrooms, 2 bathrooms, a living room, kitchen, dining area, and laundry room. Both units also provide exterior storage and a private rear patio. Front parking is provided on concrete parking pads.
The property is located at 118 Samarya Lane in Martinez, GA 30907, with nearby Interstate access, shopping centers, grocery stores, medical facilities, and schools. R-2 zoning and the two-unit configuration support its classification as a residential income property. The building was constructed in 1982.
The property is located at 118 Samarya Lane in Martinez, GA 30907, with nearby Interstate access, shopping centers, grocery stores, medical facilities, and schools. R-2 zoning and the two-unit configuration support its classification as a residential income property. The building was constructed in 1982.
Key Highlights
- Two‑unit duplex with matching 2‑bedroom, 2‑bath layouts
- Each unit includes a living room, kitchen, dining area, and laundry room
- Private rear patio and exterior storage provided for each unit
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
$8,973
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
3.83%
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%
$179,460
$179.5K
Cap Rate 7%
$128,186
$128.2K
Cap Rate 9%
$99,700
$99.7K
Market Conditions
NOI Build-Up for 915 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
$13.9K $15.24/SF
− Vacancy
−$1.1K −$1.23/SF
EGI
$12.8K $14.01/SF
− OpEx
−$3.8K −$4.20/SF
NOI
$9.0K $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%
$179,460
Cap Rate 7%
$128,186
Cap Rate 9%
$99,700
Alternative Uses
Best Use
Multifamily LT 5
$128.2K
$112.2K – $149.6K
NOI $8,973 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$118.4K
$103.6K – $138.2K
NOI $8,289 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$288.8K
$252.7K – $337.0K
NOI $20,217 @ 7.0% cap · market cap 8.64%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R-2-zoned residential property near Interstate access, shopping, grocery, medical facilities, and schools.
Where is this duplex located?
The property is located at 118 Samarya Lane 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 matching 2‑bedroom, 2‑bath layouts; Each unit includes a living room, kitchen, dining area, and laundry room; Private rear patio and exterior storage provided for each unit
