Columbus Multifamily Investment
4426 Saunders Drive Columbus, GA 31909
4426 Saunders Drive, Columbus, GA, 31909
$2,700,000
For Sale
$2,700,000
MULTI_FAMILY - Columbus, GA
Property Size25,000 SF
Lot Size1.70 Acres
Price / SF$108
Days on Market60
Property Features for 4426 Saunders Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 083 010 032
- Size
- 25,000 SF
- Lot size
- 1.70 Acres
Building Details
- Year built
- 1968
- Number of units
- 35
Listing Agency
Keller Williams Realty River Cities
(706) 221-6900
6053 VETERANS PKWY STE 200, Columbus, GA
Listed by
Kyra Cottle · License #404408
(678) 412-5583
Added: May 20 Checked: Jul 18 at 5:06 am
MLS# 231922
Listing URL
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.
This multifamily complex in Columbus, Georgia, features 35 units across seven buildings. The unit mix includes thirty-three 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. The property spans approximately 25,000 square feet and is situated on a 1.7-acre lot. The property is being marketed based on a pro forma cap rate of 10%. An assumable interest-only loan is available at a 4.25% interest rate.
Key Highlights
- Assumable interest‑only loan at 4.25% interest rate.
- Pro forma cap rate 10%.
- 35 Units complex.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $390.0k | $15.60 |
| − Vacancy | −$25.4k | −$1.01 |
| EGI | $364.7k | $14.59 |
| − OpEx | −$164.1k | −$6.56 |
| NOI | $200.6k | $8.02 |
25,000 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.87M
$2.51M – $3.34M
NOI $200,558 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.59M
$4.89M – $6.53M
NOI $391,565 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Humble Opioid Rehab ...
Health Counselor
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FAQs
What type of property is this?
Apartment building - 35-unit complex with assumable low-interest loan.
Where is this apartment building located?
The property is located at 4426 Saunders Drive Columbus, GA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Assumable interest‑only loan at **4.25% interest rate**.; Pro forma cap rate **10%**.; 35 Units complex.
