5-Unit Apartment
For Sale
$400,000
1416 Lee Street, Brunswick, GA 31520
Residential Income, Brunswick, GA
Property Size4,344 SF
Lot Size0.39 Acres
Price / SF$92.08
Days on Market171
Property Features for 1416 Lee Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 7, Bathroom 5, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 6
Parking
5
Parking features
Off Street
Interior features
Ceiling Fan(s)
Subdivision
Town Commons
Elementary school
St. Simons
Middle school
Glynn Middle School
High school
Glynn Academy
Directions
Traveling north on US-17 turn left onto Gloucester St, turn left onto Lee St and the house will be on the left.
Standard status
Active
APN
01-01773
Size
4,344 SF
Lot size
0.39 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
17 Ptn 19 T C
Tax Annual Amount
2300
Legal Description
17 Ptn 19 T C
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Window Unit(s), Electric, Central Air
Water source
Public
Amenities
private entrance
Building Details
Year built
1890
Flooring type
Carpet
Building materials
Block, Vinyl Siding
Listing Agency:
eXp Realty, LLC
(888) 959-9461
Listed By:
Patrick Davis · License #363984
(904) 658-1177
Added: May 14
Changed: Oct 30
Last Checked: Oct 31 at 6:06AM
MLS# 1661931
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 contains five units: one with three bedrooms and two bathrooms, plus four one-bedroom, one-bathroom apartments. Each unit has its own entrance, and electricity is metered separately. The building dates to 1890 and sits on a 0.39-acre parcel. Public water and sewer serve the property, with off-street parking available.
The property is in Brunswick’s Historic District, within walking distance of downtown restaurants and shops. St. Simons Island and Jekyll Island are a short drive away.
The property is in Brunswick’s Historic District, within walking distance of downtown restaurants and shops. St. Simons Island and Jekyll Island are a short drive away.
Key Highlights
- Five apartments totaling 4,344 square feet on a 0.39‑acre parcel
- Unit mix includes one 3‑bedroom, 2‑bath apartment and four 1‑bedroom, 1‑bath apartments
- All units are tenant‑occupied and have private entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,219
Cap Rate
8.30%
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 8.30%
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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See the owner, sales and loan history
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Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,012
Businesses Nearby
Explore this area
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 tenant-occupied, with private entrances and separately 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 $400,000.
What are key features of this property?
This property features: Five apartments totaling 4,344 square feet on a 0.39‑acre parcel; Unit mix includes one 3‑bedroom, 2‑bath apartment and four 1‑bedroom, 1‑bath apartments; All units are tenant‑occupied and have private entrances
