Five-Unit Apartment
1416 Lee Street Brunswick, GA 31520
1416 Lee Street, Brunswick, GA, 31520
$499,900
For Sale
$499,900
MULTI_FAMILY - Brunswick, GA
Property Size4,344 SF
Lot Size0.39 Acres
Price / SF$115.08
Days on Market65
Property Features for 1416 Lee Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 6, Bedroom 7, Bathroom 5, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 1
- 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
- Electric, Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1890
- Flooring type
- Carpet
- Building materials
- Block, Vinyl Siding
Listing Agency
eXp Realty, LLC
(888) 959-9461
1372 Peachtree St NE, St. Simons Island, GA
Listed by
Patrick Davis · License #363984
(318) 557-4235
Added: May 14 Checked: Jul 17 at 10:06 am
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Multi‑family property originally 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 unit has its own private entrance and individually metered electricity
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
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
NOI $63,108 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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 originally 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 unit has its own private entrance and individually metered electricity
