Historic Victorian
For Sale
$725,000
501 Dartmouth Street, Brunswick, GA 31520
Residential Income, Brunswick, GA
Property Size6,028 SF
Lot Size0.25 Acres
Price / SF$120.27
Days on Market343
Property Features for 501 Dartmouth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
City
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bathroom 5, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 4, Bathroom 6, Bedroom 2, Bedroom 7, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 8
Parking features
On Street
Patio and Porch features
Porch
Interior features
Built-in Features, Bookcases, Painted Woodwork
Fireplace
1
Subdivision
Old Town
Lot features
City Lot
Elementary school
Oglethorpe
Middle school
Glynn Middle School
High school
Glynn Academy
Directions
From Gloucester Street, go south on Union Street. Make a right on to Dartmouth St. Building is on the 2nd block on the right between Reynolds and Richmond.
Standard status
Active
APN
0100625
Size
6,028 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
PARCEL A OF LOTS 173 & PTN 172 OLD TOWN
Legal Description
PARCEL A OF LOTS 173 & PTN 172 OLD TOWN
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Flooring type
Hardwood, Tile - Ceramic, Vinyl, Tile
Building materials
Wood Siding
Roof type
Metal
Architectural style
Victorian
Listing Agency:
Roland Daniel Properties
(912) 996-8300
Listed By:
Allison Van der Veer · License #278840
(912) 996-8300
Added: Sep 17, 2025
Changed: Aug 19
Last Checked: Aug 25 at 7:06PM
MLS# 1656766
Copyright © 2026 Golden Isles Association 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 6,028-square-foot Victorian quadplex dates to 1890 and contains four residential units of approximately 1,500 square feet each. Interior character includes original hardwood flooring, tall ceilings, built-in features, painted woodwork, and a fireplace. Every unit connects to the deep front porch, while the upper residences also have separate porch access in addition to their primary entries. Two units provide two full bathrooms, and the other two have one full bathroom. Unit A includes an updated kitchen and new water heater.
The property occupies 0.25 acres at 501 Dartmouth Street in Brunswick’s Old Town historic district. Public water and sewer serve the building, with central electric heating and cooling. Parking is available on the street, and the roof is metal. Most tenants have remained in place for more than eight years.
The property occupies 0.25 acres at 501 Dartmouth Street in Brunswick’s Old Town historic district. Public water and sewer serve the building, with central electric heating and cooling. Parking is available on the street, and the roof is metal. Most tenants have remained in place for more than eight years.
Key Highlights
- Four‑unit residential property with 6,028 square feet
- Built in 1890 with Victorian architectural design
- Each unit measures approximately 1,500 sq ft
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
$49,711
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
6.86%
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%
$994,220
$994.2K
Cap Rate 7%
$710,157
$710.2K
Cap Rate 9%
$552,344
$552.3K
Market Conditions
NOI Build-Up for 6,028 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
$76.0K $12.60/SF
− Vacancy
−$4.9K −$0.82/SF
EGI
$71.0K $11.78/SF
− OpEx
−$21.3K −$3.53/SF
NOI
$49.7K $8.25/SF
Area
Glynn County, GA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
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%
$994,220
Cap Rate 7%
$710,157
Cap Rate 9%
$552,344
Alternative Uses
Best Use
Multifamily LT 5
$710.2K
$621.4K – $828.5K
NOI $49,711 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$658.5K
$576.2K – $768.3K
NOI $46,097 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,573 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 31520, GA
22,726
Population
10,619
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
20.1 sq mi
ZIP Area
1,131
Density / Sq Mi
$37,652
Median Household Income
$26,292
Median Earnings
$936
Median Rent
$135,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature hardwood floors, high ceilings, built-ins, and shared access to a deep two-level porch.
Where is this quadplex located?
The property is located at 501 Dartmouth Street Brunswick, GA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four‑unit residential property with 6,028 square feet; Built in 1890 with Victorian architectural design; Each unit measures approximately 1,500 sq ft
