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17-Unit Renovated Apartment Building
New
For Sale
$975,000

423 Mellon Street, Columbus, GA 31903

Residential Income, Columbus, GA

Property Size11,900 SF
Lot Size0.81 Acres
Price / SF$81.93
Days on Market1

Property Features for 423 Mellon Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RMF-2
Parking 17
Directions Turn Off Of Andrews Rd Onto Clover Ln. Then Take The First Left Onto Mellon Street. The Property Will Be Located On Your Left.
Subdivision Muscogee
Standard status Active
APN 048 002 024
Size 11,900 SF
Lot size 0.81 Acres

Utilities

Utilities Water Available
Heating system Electric (Heating)

Building Details

Year built 1963
Number of units 17
Flooring type Vinyl
Building materials Brick
Roof type Asphalt
Listing Agency: Coldwell Banker / Kennon, Parker, Duncan & Davis · Coldwell Banker Real Estate
Listed By: Blake Carter · License #450145
Added: Oct 5 Last Checked: Oct 5 at 6:06PM
MLS# 234567

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.

The 17-unit apartment property contains 11,900 square feet across 0.81 acres. Apartments have two bedrooms and one bathroom, with approximately 700 square feet per unit. Renovations to the units took place in 2024 and 2025. The building dates to 1963 and is constructed of brick, with vinyl flooring and electric heat.

Located at 423 Mellon Street in Columbus, the property has RMF-2 zoning. Water is available.

Key Highlights

  • 17 apartments, each with two bedrooms and one bathroom
  • Approximately 700 square feet per unit
  • 11,900‑square‑foot building on 0.81 acres

Property Analytics

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Current Use

Xclusive3182 Photography Service

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Pharmacy Gym & Fitness Center

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

17
Residential units

Location Intelligence

Trade Area within ½ mile

252
Businesses Nearby

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
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

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 - RMF-2 zoning and two-bedroom, one-bath apartments define the residential configuration.
Where is this apartment building located?
The property is located at 423 Mellon Street Columbus, GA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 17 apartments, each with two bedrooms and one bathroom; Approximately 700 square feet per unit; 11,900‑square‑foot building on 0.81 acres
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