Four-Unit Quadplex
For Sale
$330,000
Pending
2208 2210 2212 2214 K Street, Brunswick, GA 31520
Residential Income, Brunswick, GA
Property Size2,450 SF
Lot Size0.19 Acres
Days on Market50
Property Features for 2208 2210 2212 2214 K Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 2
Subdivision
Mayhew
Elementary school
Burroughs-Molette
Middle school
Glynn Middle School
High school
Glynn Academy
Directions
Heading South on HWY 17 before passing the causeway, take a right onto K St. Continue straight onto Stadium St, which continues into L St, then take a left onto Tillman Ave, then another left onto K St. The two duplexes will be on the right.
Standard status
Pending
APN
01-03057
Size
2,450 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
42-43 MAYHEW
Legal Description
42-43 MAYHEW
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1964
Listing Agency:
Duckworth Properties BWK
(912) 262-0366
Listed By:
Will Duckworth · License #395848
(912) 217-9076
Added: Jul 20
Changed: Sep 3
Last Checked: Sep 7 at 10:06AM
MLS# 2001364
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 four-unit residential property consists of two duplex buildings totaling 2,450 square feet. The room inventory includes eight bedrooms and four bathrooms. Built in 1964, the property has a brand-new roof and new window units. Three water heaters are 1 year old, while the fourth is 5 years old. Rental activity is already established across the units.
The property occupies a 0.19-acre corner lot at 2208, 2210, 2212, and 2214 K Street in Brunswick, Georgia. Public water and public sewer serve the site, and the property is outside a flood zone. The four-unit configuration provides a clearly defined residential income asset within a single parcel.
The property occupies a 0.19-acre corner lot at 2208, 2210, 2212, and 2214 K Street in Brunswick, Georgia. Public water and public sewer serve the site, and the property is outside a flood zone. The four-unit configuration provides a clearly defined residential income asset within a single parcel.
Key Highlights
- Four rental units arranged as two duplex buildings
- 2,450 square feet on a 0.19‑acre corner lot
- Eight bedrooms and four bathrooms listed in the room inventory
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
$20,204
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
6.12%
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%
$404,080
$404.1K
Cap Rate 7%
$288,629
$288.6K
Cap Rate 9%
$224,489
$224.5K
Market Conditions
NOI Build-Up for 2,450 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
$30.9K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$28.9K $11.78/SF
− OpEx
−$8.7K −$3.53/SF
NOI
$20.2K $8.25/SF
Area
Glynn County, GA
Vacancy
6.50%
Lease Rate
$12.60 /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%
$404,080
Cap Rate 7%
$288,629
Cap Rate 9%
$224,489
Alternative Uses
Best Use
Multifamily LT 5
$288.6K
$252.6K – $336.7K
NOI $20,204 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$267.7K
$234.2K – $312.3K
NOI $18,736 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$508.5K
$444.9K – $593.2K
NOI $35,593 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
413
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?
Quadplex - Two duplex buildings occupy a corner lot with public utilities and recently replaced roofing and window units.
Where is this quadplex located?
The property is located at 2208 2210 2212 2214 K Street Brunswick, GA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Four rental units arranged as two duplex buildings; 2,450 square feet on a 0.19‑acre corner lot; Eight bedrooms and four bathrooms listed in the room inventory
