For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Five-Unit Apartment Building Title is generated by Realmo AI

    1416 Lee Street, Brunswick, GA 31520

    View on Map
    Claim this Listing
    For Sale
    $499,900

    MULTI_FAMILY - Brunswick, GA

    Property size:
    4,344 SF
    Lot size:
    0.39 Acres
    Price / SF:
    $115/SF
    Added:
    May 14, 2026
    Days on Market:
    56
    Last Refresh:
    Jul 8 at 4:06 am

    Property Features for 1416 Lee Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    6
    Rooms
    Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 7, Bathroom 6, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 2
    Parking
    5
    Parking features
    Off Street
    Interior features
    Ceiling Fan(s)
    Standard status
    Active
    APN
    01-01773
    Size
    4,344 SF
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    17 Ptn 19 T C
    Tax Annual Amount
    2300

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1890
    Flooring type
    Carpet
    Building materials
    Block, Vinyl Siding

    We can help!

    Contact an agent
    Patrick Davis
    Patrick Davis

    Listing agent Patrick Davis License #363984

    Listing office eXp Realty, LLC 1372 Peachtree St NE, St. Simons Island, GA

    Listing date May 14, 2026

    MLS# 1661931 Listing URL

    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.

    HighLights

    • Multi‑family property built in 1890 with five separate apartment units
    • Unit mix includes one 3‑bedroom, 2‑bath unit and four 1‑bedroom, 1‑bath units
    • Each apartment has its own private entrance and individually metered electricity
    • All units are currently tenant‑occupied
    • Central electric heating with electric cooling including central air and window unit(s)
    • Off‑street parking; public water and public sewer available

    Overview

    The property is a well-maintained five-unit apartment building originally built in 1890. The unit mix includes one 3-bedroom, 2-bath apartment and four 1-bedroom, 1-bath apartments. Each apartment has its own private entrance, and electricity is individually metered, supporting separate utility billing for each unit. The building is currently tenant-occupied.

    Located in Brunswick’s Historic District, the property is positioned for convenient access to local amenities. Public remarks indicate it is within walking distance of downtown restaurants, shops, and local attractions, with St. Simons Island and Jekyll Island also described as a short drive away.

    This configuration is a practical fit for an owner seeking a small multifamily asset with multiple separate apartments and independent electric metering. With all units currently occupied, the building offers the benefit of in-place tenancy at the time of sale. The private entrances may also appeal to residents who prefer a more independent day-to-day experience within a shared building.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $64.1k $14.76
    − Vacancy −$3.7k −$0.86
    EGI $60.4k $13.90
    − OpEx −$27.2k −$6.26
    NOI $33.2k $7.65
    4,344 SF · lease $14.76/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $474.6K
    $415.2K – $553.7K (±1% cap)
    NOI $33,219 @ 7.0% cap · market cap 6.65%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $901.5K
    $788.9K – $1.05M (±1% cap)
    NOI $63,108 @ 7.0% cap · market cap 12.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Skin Care Clinic Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pharmacy Plumbing Service Kitchen & Bath Showroom Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Glynn
    State
    Georgia
    Longitude
    -81.485534
    Latitude
    31.150915

    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment building with private entrances and individually metered electricity, currently tenant-occupied for immediate rental continuity.
    Where is this apartment building located?
    The property is located at 1416 Lee Street Brunswick, GA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Multi‑family property built in 1890 with five separate apartment units; Unit mix includes one 3‑bedroom, 2‑bath unit and four 1‑bedroom, 1‑bath units; Each apartment has its own private entrance and individually metered electricity
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message