5-Unit Apartment
1416 Lee Street, Brunswick, GA 31520
For Sale
New
$399,900
Residential Income, Brunswick, GA
Property Size4,344 SF
Lot Size0.39 Acres
Price / SF$92.06
Days on Market3
Property Features for 1416 Lee Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Listing Agency:
eXp Realty, LLC
(888) 959-9461
Listed By:
Patrick Davis · License GA #363984
(904) 658-1177
Added: Nov 9
Last Checked: Nov 11 at 5:06AM
MLS# 2003464
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 4,344-square-foot apartment property on a 0.39-acre lot contains five units. The mix includes one three-bedroom, two-bath apartment and four one-bedroom, one-bath apartments. Each has a separate entrance and its own electric meter. Built in 1890, the building has block and vinyl siding construction, off-street parking, and public water and sewer service.
The property is in Brunswick’s Historic District, within walking distance of downtown restaurants, shops, and attractions. St. Simons Island and Jekyll Island are described as a short drive away.
The property is in Brunswick’s Historic District, within walking distance of downtown restaurants, shops, and attractions. St. Simons Island and Jekyll Island are described as a short drive away.
Key Highlights
- Five apartments: one 3‑bedroom, 2‑bath unit and four 1‑bedroom, 1‑bath units
- All units tenant‑occupied
- 4,344 square feet on 0.39 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,219
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,380
$664.4K
Cap Rate 7%
$474,557
$474.6K
Cap Rate 9%
$369,100
$369.1K
Market Conditions
NOI Build-Up for 4,344 SF
Gross rent
$64.1K $14.76/SF
− Vacancy
−$3.7K −$0.86/SF
EGI
$60.4K $13.90/SF
− OpEx
−$27.2K −$6.26/SF
NOI
$33.2K $7.65/SF
Area
Glynn County, GA
Vacancy
5.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,380
Cap Rate 7%
$474,557
Cap Rate 9%
$369,100
Alternative Uses
Best Use
Apartment 5plus
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$901.5K
$788.9K – $1.05M
NOI $63,108 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,012
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All five apartments are occupied, with separate entrances and individually metered electricity.
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 $399,900.
What are key features of this property?
This property features: Five apartments: one 3‑bedroom, 2‑bath unit and four 1‑bedroom, 1‑bath units; All units tenant‑occupied; 4,344 square feet on 0.39 acres
