Albany Multifamily Property For
1508 N Van Buren Street Albany, GA 31701
For Sale
$95,000
MULTI_FAMILY - Albany, GA
Property Size1,260 SF
Lot Size0.08 Acres
Price / SF$75.40
Days on Market65
Property Features for 1508 N Van Buren Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
- Interior features
- Needs Work
- Standard status
- Active
- APN
- 000FF/00009/018
- Size
- 1,260 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Same as described in deed book 4971 page 340
- Tax Annual Amount
- 885
Building Details
- Year built
- 1951
- Floors in Building
- 2
- Flooring type
- Plank, Laminate
- Building materials
- Brick
- Roof type
- Metal
- Architectural style
- Other
Listing Agency:
RE/MAX OF ALBANY
(229) 434-1600
Listed By:
Kaliah Biggs
(229) 380-6695
Added: May 22
Changed: Jul 22
Last Checked: Jul 25 at 9:06AM
MLS# 169210
Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. 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.
Located in Albany, this property presents opportunities for investors and first-time home buyers. It features living areas and is situated near shopping, schools, dining, and major roadways. The property offers affordability and potential for increased value. Investors may find strong rental demand and value-add possibilities, while first-time buyers might appreciate the chance to own property. The building size is 1260 square feet and the lot size is 0.08 acres.
Key Highlights
- 1951 brick home with metal roof
- Needs work with interior finishes including laminate and plank flooring
- Room layout includes 4 bedrooms and 2 bathrooms
Financial Insights For Multifamily LT 5
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 | $12.9k | $10.20 |
| − Vacancy | −$964 | −$0.77 |
| EGI | $11.9k | $9.44 |
| − OpEx | −$3.6k | −$2.83 |
| NOI | $8.3k | $6.60 |
1,260 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$118.9K
$104.0K – $138.7K
NOI $8,322 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$110.2K
$96.5K – $128.6K
NOI $7,717 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$248.0K
$217.0K – $289.3K
NOI $17,358 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Charming Albany multifamily property with investment and homeownership potential.
Where is this duplex located?
The property is located at 1508 N Van Buren Street Albany, GA.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 1951 brick home with metal roof; Needs work with interior finishes including laminate and plank flooring; Room layout includes 4 bedrooms and 2 bathrooms
