Fully Occupied
For Sale
Under Contract
$234,900
517 E Robinson Avenue, Grovetown, GA 30813
Residential Income, Grovetown, GA
Property Size2,372 SF
Lot Size0.50 Acres
Price / SF$99.03
Days on Market149
Property Features for 517 E Robinson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 5
Subdivision
Not In Subdivision
Elementary school
Grovetown
Middle school
Grovetown
High school
Grovetown High
Directions
From US-278 West turn right onto E Robinson Ave. 517 E Robinson Ave will be on your right.
Standard status
Active Under Contract
APN
G13056
Size
2,372 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
G13 056
Legal Description
G13 056
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
3
Roof type
Shingle
Listing Agency:
Meybohm Real Estate - Evans
(706) 863-8218
Listed By:
Andrew J Williamson · License #389099
(706) 294-9444
Added: May 1
Changed: Sep 25
Last Checked: Sep 26 at 8:06PM
MLS# 98257038
Copyright © 2026 Hive MLS. 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 2,372-square-foot triplex contains three occupied rental units on a 0.5-acre parcel. Unit A offers 2 bedrooms and 1 bathroom and has recently updated finishes. Unit B also includes 2 bedrooms and 1 bathroom, while Unit C provides 1 bedroom and 1 bathroom; Unit C was renovated before the current tenant moved in.
Built in 1955, the property is served by public water and public sewer, with natural gas heating and a shingle roof. The property is located in Grovetown, Columbia County, with access to Fort Gordon. Its existing three-unit configuration and occupied status provide a defined residential income property profile.
Built in 1955, the property is served by public water and public sewer, with natural gas heating and a shingle roof. The property is located in Grovetown, Columbia County, with access to Fort Gordon. Its existing three-unit configuration and occupied status provide a defined residential income property profile.
Key Highlights
- Three occupied rental units in a single triplex
- Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- 2,372 square feet on a 0.5‑acre parcel
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
$21,487
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
9.15%
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%
$429,740
$429.7K
Cap Rate 7%
$306,957
$307.0K
Cap Rate 9%
$238,744
$238.7K
Market Conditions
NOI Build-Up for 2,372 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
$42.7K $18.00/SF
− Vacancy
−$3.6K −$1.53/SF
EGI
$39.1K $16.47/SF
− OpEx
−$17.6K −$7.41/SF
NOI
$21.5K $9.06/SF
Area
Columbia County, GA
Vacancy
8.50%
Lease Rate
$18.00 /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%
$429,740
Cap Rate 7%
$306,957
Cap Rate 9%
$238,744
Alternative Uses
Best Use
Multifamily LT 5
$332.3K
$290.8K – $387.7K
NOI $23,262 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$307.0K
$268.6K – $358.1K
NOI $21,487 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$748.7K
$655.1K – $873.5K
NOI $52,409 @ 7.0% cap · market cap 22.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 30813, GA
49,376
Population
18,626
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
50.4 sq mi
ZIP Area
980
Density / Sq Mi
$83,890
Median Household Income
$49,871
Median Earnings
$1,404
Median Rent
$270,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three rental units are occupied, including two 2-bedroom layouts and one 1-bedroom layout.
Where is this triplex located?
The property is located at 517 E Robinson Avenue Grovetown, GA.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Three occupied rental units in a single triplex; Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 2,372 square feet on a 0.5‑acre parcel
