All-Brick Duplex with Covered
For Sale
$218,000
Pending
1615 Whisperwood St, Albany, GA 31721
MULTI_FAMILY - Albany, GA
Property Size2,774 SF
Lot Size0.22 Acres
Days on Market75
Property Features for 1615 Whisperwood St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 6
Parking features
Driveway
Patio and Porch features
Patio
Interior features
Pantry
Exterior features
Patio Covered, Patio Open
Appliances
Dishwasher, Smoke Detector
Subdivision
Whisperwood Homes
Directions
Gillionville to Whisperwood
Standard status
Pending
APN
00348/00020/002
Size
2,774 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
lot 2 whisperwood Homes
Tax Annual Amount
2924
Legal Description
lot 2 whisperwood Homes
Building Details
Year built
1992
Floors in Building
1
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
ERA ALL IN ONE REALTY · ERA Real Estate
(229) 888-6670
Listed By:
Amanda Wiley & Kyla Standring Team · License #309999
(229) 888-6670
Added: Jun 11
Changed: Aug 10
Last Checked: Aug 24 at 1:06AM
MLS# 169330
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.
This all-brick duplex at 1615 Whisperwood St offers two residential units designed for comfortable everyday living. Each side features three bedrooms and two bathrooms, with interior details that include a pantry. The property is supported by shingle roofing and includes driveway parking, along with both covered and open patio areas for outdoor use.
Built in 1992, the duplex sits on a 0.22-acre lot and totals 2,774 square feet. Exterior construction is brick, matching the straightforward, durable material finish. The homes include appliances such as a dishwasher and smoke detectors, and the layout includes multiple bedrooms and bathrooms per unit.
Well-suited for owners seeking a duplex configuration where both sides mirror the same three-bedroom, two-bath arrangement, this property provides consistent unit design along with patio amenities for each side.
Built in 1992, the duplex sits on a 0.22-acre lot and totals 2,774 square feet. Exterior construction is brick, matching the straightforward, durable material finish. The homes include appliances such as a dishwasher and smoke detectors, and the layout includes multiple bedrooms and bathrooms per unit.
Well-suited for owners seeking a duplex configuration where both sides mirror the same three-bedroom, two-bath arrangement, this property provides consistent unit design along with patio amenities for each side.
Key Highlights
- All‑brick duplex with three bedrooms and two bathrooms on each side
- 0.22‑acre lot and 2,774 SF total building size
- Built in 1992 with shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,321
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,420
$366.4K
Cap Rate 7%
$261,729
$261.7K
Cap Rate 9%
$203,567
$203.6K
Market Conditions
NOI Build-Up for 2,774 SF
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.
Gross rent
$28.3K $10.20/SF
− Vacancy
−$2.1K −$0.77/SF
EGI
$26.2K $9.44/SF
− OpEx
−$7.9K −$2.83/SF
NOI
$18.3K $6.60/SF
Area
Dougherty County, GA
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,420
Cap Rate 7%
$261,729
Cap Rate 9%
$203,567
Alternative Uses
Best Use
Multifamily LT 5
$261.7K
$229.0K – $305.4K
NOI $18,321 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$242.7K
$212.4K – $283.2K
NOI $16,990 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$545.9K
$477.7K – $636.9K
NOI $38,215 @ 7.0% cap · market cap 17.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 31721, GA
19,652
Population
8,508
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
94%
High-School Grad
220.7 sq mi
ZIP Area
89
Density / Sq Mi
$78,314
Median Household Income
$45,758
Median Earnings
$1,174
Median Rent
$209,900
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 - All-brick duplex in northwestern Albany with three bedrooms and two bathrooms on each side and covered patio space.
Where is this duplex located?
The property is located at 1615 Whisperwood St Albany, GA.
What is the asking price?
The asking price for this property is $218,000.
What are key features of this property?
This property features: All‑brick duplex with three bedrooms and two bathrooms on each side; 0.22‑acre lot and 2,774 SF total building size; Built in 1992 with shingle roof
