84-Unit Apartment
For Sale
Contact for pricing
Pending
223 Lanier Dr, Statesboro, GA 30458
Stadium Place is an 84-unit apartment community in Statesboro with current average rents below projected market levels.
Property Size45,358 SF
Days on Market165
Property Features for 223 Lanier Dr
General Information
Standard status
Pending
Size
45,358 SF
Class
C
Property subtype
Multifamily
Occupancy
93%
Additional Details
Multifamily Units
84
Building Details
Year Built
1988
Buildings
7
Stories
2
Units
84
Listing Agency:
Aline Capital
Listed By:
Jonathan Kessler · License #932079
Source:
Crexi
Added: Mar 26
Changed: Aug 16
Last Checked: Sep 5 at 8:39PM
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 Aline Capital
Investment Insights
Based on property information with market context.
Aline Capital presents the exclusive offering for Stadium Place, an 84-unit apartment community in Statesboro, Georgia. The property is described as providing steady in-place cash flow with consistent occupancy, while also offering rent optimization opportunities. Current average rents of $787 are noted as below a projected market rent of $925, with select units already reaching $895 to demonstrate proven demand.
Tenant demand is supported by the property’s proximity to campus and an affordable positioning, serving a diverse resident base that includes students, university staff, healthcare workers, and other local employees. The local employment landscape highlighted in the offering includes Georgia Southern University, East Georgia Regional Medical Center, Briggs & Stratton, Walmart Distribution Center, and Great Dane Trailers.
Stadium Place is positioned for continued income growth through continued rental strategy, backed by the region’s education, healthcare, and industrial sectors, along with ongoing infrastructure improvements and local investment initiatives.
Tenant demand is supported by the property’s proximity to campus and an affordable positioning, serving a diverse resident base that includes students, university staff, healthcare workers, and other local employees. The local employment landscape highlighted in the offering includes Georgia Southern University, East Georgia Regional Medical Center, Briggs & Stratton, Walmart Distribution Center, and Great Dane Trailers.
Stadium Place is positioned for continued income growth through continued rental strategy, backed by the region’s education, healthcare, and industrial sectors, along with ongoing infrastructure improvements and local investment initiatives.
Key Highlights
- 84‑unit apartment community in Statesboro, Georgia
- Current average rents of $787 below projected market rent of $925 (about $138 per month upside)
- Select units already reaching $895
Property Analytics
Property Profile
Current Use
Lease Details
84
Residential units
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 30458, GA
48,526
Population
19,769
Households
2.5
Avg Household Size
27
Median Age
32%
College-Educated
92%
High-School Grad
142.3 sq mi
ZIP Area
341
Density / Sq Mi
$50,036
Median Household Income
$25,059
Median Earnings
$947
Median Rent
$190,100
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 - Stadium Place is an 84-unit apartment community in Statesboro with current average rents below projected market levels.
Where is this apartment building located?
The property is located at 223 Lanier Dr Statesboro, GA.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: 84‑unit apartment community in Statesboro, Georgia; Current average rents of $787 below projected market rent of $925 (about $138 per month upside); Select units already reaching $895
