Duplex With Long-Term
For Sale
$199,000
1804 17th Ave, Columbus, GA 31901
Two-unit residential property with tenants established for extended occupancy.
Property Size1,976 SF
Price / SF$100.71
Days on Market18
Property Features for 1804 17th Ave
General Information
Standard status
Active
Size
1,976 SF
Property subtype
Residential Income
Building Details
Tenancy
Multi
Listing Agency:
Coldwell Banker / Kennon, Parker, Duncan & Davis
(706) 566-8220
Listed By:
Jim Blalock · License #282603
(706) 566-8220
Source:
Exprealty
Added: Aug 6
Changed: Aug 23
Last Checked: Aug 23 at 4:42AM
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 Coldwell Banker / Kennon, Parker, Duncan & Davis
Investment Insights
Based on property information with market context.
This 1,976-square-foot duplex is configured as a residential income property with long-term tenants in place. The asset offers an existing occupancy profile within a two-unit format.
Located at 1804 17th Ave in Columbus, Georgia, the property is positioned in the Midtown area of the city.
Located at 1804 17th Ave in Columbus, Georgia, the property is positioned in the Midtown area of the city.
Key Highlights
- 1,976 SF duplex in Columbus, GA
- Long‑term tenants in place
- Located at 1804 17th Ave
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
$17,910
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
9.00%
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%
$358,200
$358.2K
Cap Rate 7%
$255,857
$255.9K
Cap Rate 9%
$199,000
$199.0K
Market Conditions
NOI Build-Up for 1,976 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
$27.3K $13.80/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$25.6K $12.95/SF
− OpEx
−$7.7K −$3.88/SF
NOI
$17.9K $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 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%
$358,200
Cap Rate 7%
$255,857
Cap Rate 9%
$199,000
Alternative Uses
Best Use
Multifamily LT 5
$255.9K
$223.9K – $298.5K
NOI $17,910 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$226.5K
$198.2K – $264.2K
NOI $15,852 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$442.1K
$386.9K – $515.8K
NOI $30,949 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,263
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with tenants established for extended occupancy.
Where is this duplex located?
The property is located at 1804 17th Ave Columbus, GA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,976 SF duplex in Columbus, GA; Long‑term tenants in place; Located at 1804 17th Ave
