Building Details

Year Built 1963

Listing Agency: 1st Class Real Estate Excellence

Listed By: Anthony Smith · License #264418 Show Phone

Source: Compass

Added: May 2 Changed: Oct 16 Last Checked: Oct 16 at 11:25AM

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Investment Insights

Based on property information with market context.

This two-unit duplex contains 1,350 square feet and was built in 1963. Each residence is configured with two bedrooms and one bathroom, providing a defined residential layout within the property. Interior features include window unit air conditioning, a range, a refrigerator, and washer/dryer hookups. The property is suited to residential income use and offers two separate units in one building.

The address is 1517 Coffee Court in Columbus, Georgia. Shopping, dining, schools, and major roadways are identified as convenient access points from the property, adding practical connectivity for residents. Exterior features are not specified.

Key Highlights

• Two‑unit duplex with 1,350 square feet
• Each unit has 2 bedrooms and 1 bathroom
• Range and refrigerator included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,236

Cap Rate

8.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$244,720 $244.7K

Cap Rate 7%

$174,800 $174.8K

Cap Rate 9%

$135,956 $136.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,350 SF

Gross rent

$18.6K $13.80/SF

− Vacancy

−$1.1K −$0.85/SF

EGI

$17.5K $12.95/SF

− OpEx

−$5.2K −$3.88/SF

NOI

$12.2K $9.06/SF

Area

Columbus, GA

Vacancy

6.17%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$244,720

Cap Rate 7%

$174,800

Cap Rate 9%

$135,956

Alternative Uses

Best Use

Multifamily LT 5

$174.8K

$153.0K – $203.9K (±1% cap)

NOI $12,236 @ 7.0% cap · market cap 8.80%

Second Best

Apartment 5plus

$154.7K

$135.4K – $180.5K (±1% cap)

NOI $10,830 @ 7.0% cap · market cap 7.79%

Theoretical Best

Office A

$302.1K

$264.3K – $352.4K (±1% cap)

NOI $21,144 @ 7.0% cap · market cap 15.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Plumbing Service (Bike/Boat/Book/etc) Store Garden Center Veterinary Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

518

Businesses Nearby

Explore this area Business Placement

Demographics for 31906, GA

21,835

Population

11,046

Households

2

Avg Household Size

38

Median Age

31%

College-Educated

86%

High-School Grad

6.9 sq mi

ZIP Area

3,164

Density / Sq Mi

$41,913

Median Household Income

$35,820

Median Earnings

$872

Median Rent

$170,400

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Each residence offers two bedrooms, one bathroom, and washer/dryer hookups.

Where is this duplex located?

The property is located at 1517 Coffee Court Columbus, GA.

What is the asking price?

The asking price for this property is $139,000.

What are key features of this property?

This property features: Two‑unit duplex with 1,350 square feet; Each unit has 2 bedrooms and 1 bathroom; Range and refrigerator included