Brick Two-Unit
For Sale
$205,000
1540 11th Ave, Columbus, GA 31901
Each residence provides a compact two-bedroom, one-bath layout.
Property Size1,397 SF
Price / SF$146.74
Days on Market48
Property Features for 1540 11th Ave
General Information
Standard status
Active
Size
1,397 SF
Property subtype
Residential Income
Building Details
Construction
brick
Tenancy
Multi
Listing Agency:
G2 Commercial Real Estate
(434) 962-1578
Listed By:
Ashley Wheeler · License #416352
(434) 962-1578
Source:
Exprealty
Added: Jun 19
Changed: Aug 2
Last Checked: Aug 2 at 3:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of G2 Commercial Real Estate
Investment Insights
Based on property information with market context.
This brick duplex at 1540 11th Ave in Columbus, GA, contains two residential units with matching layouts. Each unit includes two bedrooms, one bathroom, and approximately 750 square feet of living space. The property’s straightforward configuration provides two separate residences within one building. Showings are available with an accepted offer only.
Key Highlights
- Two residential units in a brick duplex
- Each unit includes 2 bedrooms and 1 bathroom
- Approximately 750 square feet per unit
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 | $19.3k | $13.80 |
| − Vacancy | −$1.2k | −$0.85 |
| EGI | $18.1k | $12.95 |
| − OpEx | −$5.4k | −$3.88 |
| NOI | $12.7k | $9.06 |
1,397 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$180.9K
$158.3K – $211.0K
NOI $12,662 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$160.1K
$140.1K – $186.8K
NOI $11,207 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$312.6K
$273.5K – $364.7K
NOI $21,881 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Explore this area
Business Placement
Demographics for 31901, GA
7,126
Population
3,971
Households
1.8
Avg Household Size
36
Median Age
35%
College-Educated
82%
High-School Grad
4.4 sq mi
ZIP Area
1,620
Density / Sq Mi
$47,316
Median Household Income
$35,062
Median Earnings
$893
Median Rent
$208,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence provides a compact two-bedroom, one-bath layout.
Where is this duplex located?
The property is located at 1540 11th Ave Columbus, GA.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two residential units in a brick duplex; Each unit includes 2 bedrooms and 1 bathroom; Approximately 750 square feet per unit
