4-Unit Brick
291 Clover Ave, Columbus, GA 31903
For Sale
$260,000
Three residences are occupied, with one currently vacant.
Property Size2,808 SF
Price / SF$92.59
Days on Market26
Property Features for 291 Clover Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Tenant in Place
Building Details
Year Built
Construction
Listing Agency:
BSI, LLC
Listed By:
Malayshia Winfield
(404) 585-1202
Source:
Panhandlehomelistings
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 6:54AM
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 BSI, LLC
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Investment Insights
Based on property information with market context.
Built in 1964, this brick quadplex contains four residences with a total of 2,808 square feet of living space. Each unit has two bedrooms and one bathroom, and utilities are separately metered.
Three units are occupied and one is vacant. The property is located in Columbus, Georgia.
Three units are occupied and one is vacant. The property is located in Columbus, Georgia.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 2,808 square feet of total living space
- Three units occupied and one vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,527
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,540
$450.5K
Cap Rate 7%
$321,814
$321.8K
Cap Rate 9%
$250,300
$250.3K
Market Conditions
NOI Build-Up for 2,808 SF
Gross rent
$43.8K $15.60/SF
− Vacancy
−$2.8K −$1.01/SF
EGI
$41.0K $14.59/SF
− OpEx
−$18.4K −$6.56/SF
NOI
$22.5K $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%
$450,540
Cap Rate 7%
$321,814
Cap Rate 9%
$250,300
Alternative Uses
Best Use
Multifamily LT 5
$363.6K
$318.2K – $424.2K
NOI $25,452 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$321.8K
$281.6K – $375.5K
NOI $22,527 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$628.3K
$549.8K – $733.0K
NOI $43,981 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 31903, GA
20,703
Population
9,593
Households
2.2
Avg Household Size
34
Median Age
8%
College-Educated
76%
High-School Grad
10.0 sq mi
ZIP Area
2,070
Density / Sq Mi
$29,488
Median Household Income
$27,063
Median Earnings
$873
Median Rent
$75,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences are occupied, with one currently vacant.
Where is this quadplex located?
The property is located at 291 Clover Ave Columbus, GA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 2,808 square feet of total living space; Three units occupied and one vacant
