1702 40th Street Columbus, GA 31904
MULTI_FAMILY - Columbus, GA
Property Features for 1702 40th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1
- Standard status
- Active
- APN
- 031 035 001
- Size
- 1,804 SF
- Lot size
- 0.26 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- See Remarks (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1946
- Number of units
- 3
- Flooring type
- Laminate
- Building materials
- Brick
Listing agent Carson Paris License #117970 (706) 587-9990
Listing office Keller Williams Realty River Cities 6053 VETERANS PKWY STE 200, Columbus, GA (706) 221-6900
Listing date Jul 5, 2026
Copyright © 2026 Columbus Board of Realtors (GA). 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.
The property is located at 1702 40th Street in Columbus, Georgia 31904, in Muscogee County. For prospective tenants and buyers, the single-address format can simplify property management and unit access compared with scattered multifamily locations.
From a use standpoint, this triplex may appeal to investors evaluating small-balance residential income opportunities, as well as owner-occupants looking to live in one unit while renting the others. The compact footprint and defined parcel support practical ownership and day-to-day handling of the asset. Interested parties should review unit layout and condition details directly with the seller or listing broker, as those specifics are not provided in the available summary.
Key Highlights
- Brick construction
- Laminate flooring
- Window unit cooling
Local 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 | $24.9k | $13.80 |
| − Vacancy | −$1.5k | −$0.85 |
| EGI | $23.4k | $12.95 |
| − OpEx | −$7.0k | −$3.88 |
| NOI | $16.4k | $9.06 |
