Vacant Duplex with Separate
For Sale
$104,900
2827 Waverly Avenue, Columbus, GA 31904
Residential Income, Columbus, GA
Property Size1,200 SF
Lot Size0.17 Acres
Price / SF$87.42
Days on Market50
Property Features for 2827 Waverly Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Parking features
On Street, Driveway
Appliances
Range, Refrigerator
Subdivision
Waverly Terrace
Lot features
Less than 1/2 Acre, Level, Wooded
Directions
From Veterans Pkwy, Turn Left Onto Manchester Expy. Turn Right Onto Hamilton Road, Then Turn Left Onto 12th Ave. Take A Slight Right Turn Onto Waverly Avenue.
Standard status
Active
APN
029 033 023
Size
1,200 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
See Remarks (Heating)
Water source
Public
Amenities
front porch
refrigerator
stove
side parking
Building Details
Year built
1922
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Coldwell Banker / Kennon, Parker, Duncan & Davis · Coldwell Banker Real Estate
(706) 256-1000
Listed By:
Norman Hardman · License #143605
(706) 405-8357
Added: Aug 27
Changed: Sep 13
Last Checked: Oct 15 at 1:06AM
MLS# 233836
Copyright © 2026 Columbus Board of Realtors (GA). 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 1,200-square-foot duplex on a 0.17-acre lot includes two separate residences, each with its own entrance, kitchen, living area, front porch, range, and refrigerator. Unit A contains one bedroom and one bathroom, while Unit B has two bedrooms and one bathroom. The property is delivered vacant, allowing the next owner to determine occupancy and complete desired improvements. Both units have total-electric living areas, with existing gas furnace infrastructure in Unit B. Vinyl siding covers the exterior, and the property includes side parking at Unit B along with street parking. Built in 1922, the property has public water and public sewer. It is located at 2827 Waverly Avenue in Columbus, near Lakebottom Park, Uptown Columbus, transportation, medical facilities, and biking trails.
Key Highlights
- Two‑unit duplex delivered vacant for new occupancy or owner use
- 1,200 square feet on a 0.17‑acre lot
- Unit A: 1 bedroom and 1 bathroom; Unit B: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,627
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,540
$192.5K
Cap Rate 7%
$137,529
$137.5K
Cap Rate 9%
$106,967
$107.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.7K $15.60/SF
− Vacancy
−$1.2K −$1.01/SF
EGI
$17.5K $14.59/SF
− OpEx
−$7.9K −$6.56/SF
NOI
$9.6K $8.02/SF
Area
Columbus, GA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,540
Cap Rate 7%
$137,529
Cap Rate 9%
$106,967
Alternative Uses
Best Use
Multifamily LT 5
$155.4K
$136.0K – $181.3K
NOI $10,877 @ 7.0% cap · market cap 10.37%
Second Best
Apartment 5plus
$137.5K
$120.3K – $160.5K
NOI $9,627 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$268.5K
$234.9K – $313.3K
NOI $18,795 @ 7.0% cap · market cap 17.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 31904, GA
36,947
Population
15,947
Households
2.3
Avg Household Size
39
Median Age
31%
College-Educated
88%
High-School Grad
27.5 sq mi
ZIP Area
1,344
Density / Sq Mi
$65,625
Median Household Income
$42,573
Median Earnings
$1,036
Median Rent
$216,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two units offer separate kitchens, living areas, porches, and range and refrigerator appliances.
Where is this duplex located?
The property is located at 2827 Waverly Avenue Columbus, GA.
What is the asking price?
The asking price for this property is $104,900.
What are key features of this property?
This property features: Two‑unit duplex delivered vacant for new occupancy or owner use; 1,200 square feet on a 0.17‑acre lot; Unit A: 1 bedroom and 1 bathroom; Unit B: 2 bedrooms and 1 bathroom
