Renovated Duplex with Leased
For Sale
$214,900
3535 13th Ave, Columbus, GA 31904
Fully updated two-unit property with separate systems, in-place occupancy, and leases extending through 2027.
Property Size1,792 SF
Price / SF$119.92
Days on Market70
Property Features for 3535 13th Ave
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
washer and dryer
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
1st Class Real Estate Excellence
(706) 237-8680
Listed By:
Ashley Miller
(706) 326-3468
Source:
Exprealty
Added: Aug 7
Changed: Oct 9
Last Checked: Oct 15 at 12:19AM
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 1st Class Real Estate Excellence
Investment Insights
Based on property information with market context.
This 1,792 SF duplex in Columbus, Georgia, is configured with one residence at the front and another at the rear. Both units are occupied under leases extending through 2027. Interior improvements include luxury vinyl plank flooring, remodeled kitchens equipped with new appliances, renovated bathrooms, and a washer and dryer in each unit.
The property has a new roof and separate HVAC systems and water heaters serving each residence. The HVAC equipment and water heaters are approximately 1+ years old. Located at 3535 13th Ave, the duplex offers a two-unit residential layout with independent major systems and recent interior and exterior updates.
The property has a new roof and separate HVAC systems and water heaters serving each residence. The HVAC equipment and water heaters are approximately 1+ years old. Located at 3535 13th Ave, the duplex offers a two-unit residential layout with independent major systems and recent interior and exterior updates.
Key Highlights
- 1,792 SF duplex at 3535 13th Ave, Columbus, GA
- Both units occupied with leases in place through 2027
- Front and rear unit configuration provides separation between residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,243
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,860
$324.9K
Cap Rate 7%
$232,043
$232.0K
Cap Rate 9%
$180,478
$180.5K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$24.7K $13.80/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$23.2K $12.95/SF
− OpEx
−$7.0K −$3.88/SF
NOI
$16.2K $9.06/SF
Area
Columbus, GA
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,860
Cap Rate 7%
$232,043
Cap Rate 9%
$180,478
Alternative Uses
Best Use
Multifamily LT 5
$232.0K
$203.0K – $270.7K
NOI $16,243 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$205.4K
$179.7K – $239.6K
NOI $14,376 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$401.0K
$350.8K – $467.8K
NOI $28,067 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
598
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully updated two-unit property with separate systems, in-place occupancy, and leases extending through 2027.
Where is this duplex located?
The property is located at 3535 13th Ave Columbus, GA.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: 1,792 SF duplex at 3535 13th Ave, Columbus, GA; Both units occupied with leases in place through 2027; Front and rear unit configuration provides separation between residences
