Four-Unit Quadplex with Updated
New
For Sale
$525,000
166 N 5th Avenue, Winder, GA 30680
Four two-bedroom residences span two levels, with separate utility submeters and parking for the property’s units.
Property Size1,965 SF
Days on Market6
Property Features for 166 N 5th Avenue
General Information
Standard status
Active
Size
1,965 SF
Property subtype
Multifamily
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Amenities
decks
0.45 acres
Public Sewer
Parcel Number: WN12 370, Annual Amount: $2,412, Year: 2026
Central Air
Central
Listing ID: 10881493, Standard Status: Active, MLS Status: New, On market as of 2026-10-29, 4 days on market, Special Conditions: Investor Owned
8 total parking spaces, Off Street
Elementary School: Winder, Middle School: Russell, High School: Winder Barrow
Built in 1965, Levels: Two, Construction Materials: Brick
Subdivision: City of Winder, County/Parish: Barrow
Resale
Water Source: Public
Close Of Escrow
Water Body Name: NONE
Association Fee: $0, Fee Includes: None
Building Details
Building Size
1,965 SF
Year Built
1965
Listing Agency:
Mark Spain Real Estate
Listed By:
Mark Spain · License #178501
(770) 886-9000
Source:
Blackstreaminternational
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 3 at 3:45AM
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 Mark Spain Real Estate
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Investment Insights
Based on property information with market context.
Built in 1965, this quadplex contains four two-bedroom, one-bath units of approximately 850 square feet each. Two residences occupy the main floor and two are on the lower level. Each unit has separate submeters, and parking is provided for all four units. Two lower-level residences underwent renovation in 2023/2024. HVAC systems were replaced throughout the property in 2023; three water heaters were replaced in 2023/2024, and the decks were replaced in 2023. A new roof was installed in September 2026.
Units B and C, located on the upper and lower levels respectively, are vacant. The property is in Winder, within walking distance of schools and a short drive from downtown Winder.
Units B and C, located on the upper and lower levels respectively, are vacant. The property is in Winder, within walking distance of schools and a short drive from downtown Winder.
Key Highlights
- Four units, each with 2 bedrooms, 1 bathroom and approximately 850 square feet
- Two residences on each of the main and lower levels; each unit is separately submetered
- Lower‑level units renovated in 2023/2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,551
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,020
$571.0K
Cap Rate 7%
$407,871
$407.9K
Cap Rate 9%
$317,233
$317.2K
Market Conditions
NOI Build-Up for 1,965 SF
Gross rent
$43.6K $22.20/SF
− Vacancy
−$2.8K −$1.44/SF
EGI
$40.8K $20.76/SF
− OpEx
−$12.2K −$6.23/SF
NOI
$28.6K $14.53/SF
Area
Barrow County, GA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,020
Cap Rate 7%
$407,871
Cap Rate 9%
$317,233
Alternative Uses
Best Use
Multifamily LT 5
$407.9K
$356.9K – $475.9K
NOI $28,551 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$377.1K
$330.0K – $440.0K
NOI $26,398 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$549.3K
$480.6K – $640.8K
NOI $38,450 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
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Business Placement
Demographics for 30680, GA
46,629
Population
17,680
Households
2.6
Avg Household Size
36
Median Age
21%
College-Educated
87%
High-School Grad
94.9 sq mi
ZIP Area
491
Density / Sq Mi
$77,038
Median Household Income
$41,669
Median Earnings
$1,169
Median Rent
$244,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences span two levels, with separate utility submeters and parking for the property’s units.
Where is this quadplex located?
The property is located at 166 N 5th Avenue Winder, GA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms, 1 bathroom and approximately 850 square feet; Two residences on each of the main and lower levels; each unit is separately submetered; Lower‑level units renovated in 2023/2024
