15-Unit Apartment Building with Coin
New
For Sale
$375,000
524 S Washington Avenue, Talbotton, GA 31827
Turn-key 15-unit apartment property with LVP flooring and a shared coin-operated laundry area.
Property Size3,536 SF
Price / SF$106.05
Days on Market7
Property Features for 524 S Washington Avenue
General Information
Standard status
Active
Size
3,536 SF
Property subtype
Other
Units
Unit Mix
3 x 2BR/1BA, 12 x 1BR/1BA
Multifamily Units
15
Additional Details
Average Monthly Rent
$500
Amenities
shared coin-operated laundry area
0.64 acres, Level
Metal
Public Sewer
Annual Amount: $3,360, Year: 25
Carpet, Vinyl
Electric, Window Unit(s)
Electric
Cumulative Days on Market: 4, 4 days on market, On Market Date: 2026-07-24
Built in 1948, Brick
County: Talbot
Resale
Electricity Available, Sewer Available, Water Available, Public
Close Of Escrow
Building Details
Building Size
1,948 SF
Year Built
1948
Listing Agency:
Coldwell Banker Kennon & Parker
(706) 593-8077
Listed By:
Lamar Fields
(706) 593-8077
Source:
Blackstreaminternational
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 30 at 5:29AM
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 Coldwell Banker Kennon & Parker
Investment Insights
Based on property information with market context.
This turn-key apartment investment includes two separate lots totaling 15 rental units: a large 11-unit building and a residential property with 4 additional units. The unit mix is three 2-bedroom/1-bath units and twelve 1-bedroom/1-bath units. Interior finishes include LVP flooring throughout the units, along with individual window heating and air-conditioning units. A shared coin-operated laundry area supports tenant needs.
The lot with the 11-unit building is zoned C-3, while the lot containing the 4-unit residential property is zoned residential. The property was built in 1948 and is approximately 3,536 SF.
All 15 units are arranged on month-to-month rental arrangements, creating operational flexibility for day-to-day management.
The lot with the 11-unit building is zoned C-3, while the lot containing the 4-unit residential property is zoned residential. The property was built in 1948 and is approximately 3,536 SF.
All 15 units are arranged on month-to-month rental arrangements, creating operational flexibility for day-to-day management.
Key Highlights
- Total 15 rental units across two separate lots: 11‑unit building plus 4‑unit property
- Unit mix: three 2‑bedroom/1‑bath units and twelve 1‑bedroom/1‑bath units
- LVP flooring throughout the units and window heating/air‑conditioning units
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 | $55.2k | $15.60 |
| − Vacancy | −$3.6k | −$1.01 |
| EGI | $51.6k | $14.59 |
| − OpEx | −$23.2k | −$6.56 |
| NOI | $28.4k | $8.02 |
3,536 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$405.2K
$354.6K – $472.8K
NOI $28,367 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$791.2K
$692.3K – $923.1K
NOI $55,383 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 31827, GA
1,734
Population
1,014
Households
1.7
Avg Household Size
49
Median Age
15%
College-Educated
78%
High-School Grad
153.1 sq mi
ZIP Area
11
Density / Sq Mi
$45,170
Median Household Income
$26,674
Median Earnings
$1,013
Median Rent
$90,900
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?
Apartment building - Turn-key 15-unit apartment property with LVP flooring and a shared coin-operated laundry area.
Where is this apartment building located?
The property is located at 524 S Washington Avenue Talbotton, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Total 15 rental units across two separate lots: 11‑unit building plus 4‑unit property; Unit mix: three 2‑bedroom/1‑bath units and twelve 1‑bedroom/1‑bath units; LVP flooring throughout the units and window heating/air‑conditioning units
