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9-Unit Concrete Apartment Building
For Sale
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416 Tift Avenue, Albany, GA 31701

Occupied multifamily property with hardwood floors, updated appliances, shared outdoor space, and an adjoining expansion parcel.

Property SizeContact for details
Days on Market8

Property Features for 416 Tift Avenue

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Gross Income $71,580
Multifamily Units 9

Amenities

shared pergola

Building Details

Stories 3
Construction concrete
Listing Agency: ALBANY REALTY COMPANY
Listed By: Burton Newcomb, Realtor · License #GA
Source: Crexi
Added: Sep 1 Changed: Sep 8 Last Checked: Sep 8 at 8:17AM

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 ALBANY REALTY COMPANY

Investment Insights

Based on property information with market context.

This 9-unit apartment property is built of concrete and configured across three stories above a basement. The building is currently 100% occupied by long-term tenants. Interior features include original hardwood flooring in every unit, while the appliances are less than three years old. Residents also have access to a shared pergola for outdoor space.

The property sits within North Albany’s historic district and is less than a mile from Phoebe Putney Memorial Hospital. The sale includes the adjoining parcel at 422 Tift Ave, providing additional land for potential expansion. The property is tenant occupied, with showings available by appointment and proper notice.

Key Highlights

  • 9‑unit apartment property with concrete construction
  • 100% occupied with long‑term tenants
  • Three stories over a basement

Property Analytics

Current Use

Amani Solutions Consultant

Suggested Use

Top Pick Parking Lot & Garage Catering Service Storage Facility Bakery Home Appliance Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,632
Businesses Nearby

Demographics for 31701, GA

18,133
Population
9,535
Households
1.9
Avg Household Size
39
Median Age
17%
College-Educated
81%
High-School Grad
21.2 sq mi
ZIP Area
855
Density / Sq Mi
$32,902
Median Household Income
$31,489
Median Earnings
$812
Median Rent
$97,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Occupied multifamily property with hardwood floors, updated appliances, shared outdoor space, and an adjoining expansion parcel.
Where is this apartment building located?
The property is located at 416 Tift Avenue Albany, GA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 9‑unit apartment property with concrete construction; 100% occupied with long‑term tenants; Three stories over a basement
More about this property
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