Brunswick Multifamily Investment
For Sale
$850,000
Pending
2001 Gloucester Street, Brunswick, GA 31520
MULTI_FAMILY - Brunswick, GA
Property Size10,000 SF
Lot Size0.54 Acres
Days on Market152
Property Features for 2001 Gloucester Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
16
Bathrooms
14
Full bathrooms
14
Rooms
Bedroom 5, Bedroom 12, Bedroom 8, Bedroom 4, Bathroom 14, Bedroom 15, Bathroom 11, Bathroom 7, Bedroom 14, Bedroom 11, Bedroom 3, Bedroom 13, Bathroom 2, Bathroom 1, Bedroom 10, Bathroom 5, Bedroom 9, Bathroom 10, Bathroom 8, Bathroom 9, Bedroom 2, Bathroom 6, Bedroom 1, Bedroom 16, Bathroom 4, Bathroom 12, Bathroom 3, Bedroom 7, Bathroom 13, Bedroom 6
Subdivision
Urbana
Directions
On the corner of Gloucester and Tillman Ave
Standard status
Pending
APN
01-02616
Size
10,000 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 5,6, & 7 URBANA
Tax Annual Amount
3426
Legal Description
LOTS 5,6, & 7 URBANA
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1960
Building materials
Block
Roof type
Asphalt
Listing Agency:
N R Foster Properties, Inc.
(912) 265-3678
Listed By:
Sharon Foster · License #100251
(912) 230-5416
Added: Mar 2
Changed: Jul 29
Last Checked: Aug 1 at 5:06AM
MLS# 1660184
Copyright © 2026 Golden Isles Association of REALTORS. 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 multifamily property in Brunswick, Georgia, features 14 apartments, including twelve 1-bedroom and two 2-bedroom units, each with one bathroom. The property size is approximately 10000 square feet and is situated on a 0.54-acre lot. The rents include power and water. Initial showings may not include access to all units.
Key Highlights
- 14‑apartment property with twelve 1‑bedroom and two 2‑bedroom, 1‑bath units
- Power and water included in rents
- Heating includes electric (heating) and central heat
Financial Insights For Apartment 5plus
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 | $147.6k | $14.76 |
| − Vacancy | −$8.6k | −$0.86 |
| EGI | $139.0k | $13.90 |
| − OpEx | −$62.6k | −$6.26 |
| NOI | $76.5k | $7.65 |
10,000 SF · lease $14.76/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$955.9K – $1.27M
NOI $76,472 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,277 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
Explore this area
Business Placement
Demographics for 31520, GA
22,726
Population
10,619
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
20.1 sq mi
ZIP Area
1,131
Density / Sq Mi
$37,652
Median Household Income
$26,292
Median Earnings
$936
Median Rent
$135,100
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?
Apartment building - 14-unit apartment building in Brunswick, GA for sale.
Where is this apartment building located?
The property is located at 2001 Gloucester Street Brunswick, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 14‑apartment property with twelve 1‑bedroom and two 2‑bedroom, 1‑bath units; Power and water included in rents; Heating includes electric (heating) and central heat
