Ranch-Style Income
For Sale
$176,000
2723 Altama Avenue, Brunswick, GA 31520
Residential Income, Brunswick, GA
Property Size1,414 SF
Lot Size0.08 Acres
Price / SF$124.47
Days on Market55
Property Features for 2723 Altama Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2
Subdivision
Town Commons
Elementary school
Goodyear
Middle school
Risley Middle School
High school
Glynn Academy
Directions
Heading South on HWY 17, take a right onto Parkwood Dr that continues onto First St. Then take a left onto Altama Ave, property will be on the right after R St. Sign in yard.
Standard status
Active
APN
01-04835
Size
1,414 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
LOT 177A TOWN COMMONS
Legal Description
LOT 177A TOWN COMMONS
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1948
Building materials
Stucco
Roof type
Asphalt
Architectural style
Ranch
Listing Agency:
Duckworth Properties BWK
(912) 262-0366
Listed By:
Will Duckworth · License #395848
(912) 217-9076
Added: Jul 23
Changed: Sep 13
Last Checked: Sep 15 at 4:06PM
MLS# 2001432
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 well-maintained ranch-style single-family home is currently an active rental property and offers 1,414 square feet of living space. The interior includes thoughtful updates and a spacious layout with a formal dining room. Outside, the property features a fully fenced backyard.
Located at 2723 Altama Avenue in Brunswick, the home is described as being in central Brunswick, with convenient access to shopping, dining, schools, parks, and everyday conveniences. The remarks also note proximity to Downtown Brunswick and easy access via the F.J. Torras Causeway to St. Simons Island.
Additional details provided include connection to public water and sewer services and a lot size of 0.08 acres.
Located at 2723 Altama Avenue in Brunswick, the home is described as being in central Brunswick, with convenient access to shopping, dining, schools, parks, and everyday conveniences. The remarks also note proximity to Downtown Brunswick and easy access via the F.J. Torras Causeway to St. Simons Island.
Additional details provided include connection to public water and sewer services and a lot size of 0.08 acres.
Key Highlights
- Ranch‑style single‑family home built in 1948
- Over 1,400 SF living space with 3 bedrooms and 2 bathrooms
- Formal dining room and a spacious interior floor plan
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
$10,813
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
6.14%
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%
$216,260
$216.3K
Cap Rate 7%
$154,471
$154.5K
Cap Rate 9%
$120,144
$120.1K
Market Conditions
NOI Build-Up for 1,414 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
$20.9K $14.76/SF
− Vacancy
−$1.2K −$0.86/SF
EGI
$19.7K $13.90/SF
− OpEx
−$8.8K −$6.26/SF
NOI
$10.8K $7.65/SF
Area
Glynn County, GA
Vacancy
5.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
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%
$216,260
Cap Rate 7%
$154,471
Cap Rate 9%
$120,144
Alternative Uses
Best Use
Apartment 5plus
$154.5K
$135.2K – $180.2K
NOI $10,813 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.5K
$256.8K – $342.4K
NOI $20,542 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
822
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
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Frequently Asked Questions
What type of property is this?
Single family property - Well-maintained single-family rental with a formal dining room and fully fenced backyard, served by public water and sewer.
Where is this single family property located?
The property is located at 2723 Altama Avenue Brunswick, GA.
What is the asking price?
The asking price for this property is $176,000.
What are key features of this property?
This property features: Ranch‑style single‑family home built in 1948; Over 1,400 SF living space with 3 bedrooms and 2 bathrooms; Formal dining room and a spacious interior floor plan
