Two-Unit Duplex
For Sale
$175,000
4 Montclair Court, Columbus, GA 31907
CommercialSale, Columbus, GA
Property Size1,918 SF
Lot Size0.26 Acres
Price / SF$91.24
Days on Market57
Property Features for 4 Montclair Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RMF1
Parking
4
Lot features
Cul De Sac
Directions
Heat South on I-185 to St. Mary's Rd. Take exit 3 from I-185 S. Continue on St. Mary's Rd, Take Leary Ave. to Montclair Ct. Property is on the Rt.
Standard status
Active
APN
088027078
Size
1,918 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1803
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Building Details
Year built
1984
Floors in Building
1
Flooring type
Laminate
Listing Agency:
COLDWELL BANKER - KPDD
(706) 256-1000
Listed By:
Lamar Fields · License #112290
(706) 593-8077
Added: Aug 10
Changed: Sep 22
Last Checked: Oct 5 at 1:06AM
MLS# E104612
Copyright © 2026 East Alabama Board 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 1,918-square-foot duplex contains two separate 2-bedroom, 1.5-bathroom units, each arranged with private entry and practical living space. Laminate flooring, central air, and central electric heating serve the property. Constructed in 1984, the building provides a straightforward two-unit configuration within a residential income-property setting.
One unit is currently leased, while the second is vacant. The property occupies 0.26 acres in Columbus, Georgia, and carries RMF1 zoning. Its duplex layout offers separate residential spaces within a single building, with the two units sharing the overall site while maintaining individual entrances.
One unit is currently leased, while the second is vacant. The property occupies 0.26 acres in Columbus, Georgia, and carries RMF1 zoning. Its duplex layout offers separate residential spaces within a single building, with the two units sharing the overall site while maintaining individual entrances.
Key Highlights
- Two 2‑bedroom, 1.5‑bathroom units
- 1,918 square feet on 0.26 acres
- One unit leased and one unit vacant
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
$15,387
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
8.79%
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%
$307,740
$307.7K
Cap Rate 7%
$219,814
$219.8K
Cap Rate 9%
$170,967
$171.0K
Market Conditions
NOI Build-Up for 1,918 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
$29.9K $15.60/SF
− Vacancy
−$1.9K −$1.01/SF
EGI
$28.0K $14.59/SF
− OpEx
−$12.6K −$6.56/SF
NOI
$15.4K $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 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%
$307,740
Cap Rate 7%
$219,814
Cap Rate 9%
$170,967
Alternative Uses
Best Use
Multifamily LT 5
$248.4K
$217.3K – $289.8K
NOI $17,385 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$219.8K
$192.3K – $256.5K
NOI $15,387 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$429.2K
$375.5K – $500.7K
NOI $30,041 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Explore this area
Business Placement
Demographics for 31907, GA
60,557
Population
25,710
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
91%
High-School Grad
23.8 sq mi
ZIP Area
2,544
Density / Sq Mi
$52,620
Median Household Income
$33,726
Median Earnings
$1,103
Median Rent
$142,000
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 - Two private-entry residences share functional layouts with central air and electric heating.
Where is this duplex located?
The property is located at 4 Montclair Court Columbus, GA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1.5‑bathroom units; 1,918 square feet on 0.26 acres; One unit leased and one unit vacant
