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15-Unit Apartment Building Portfolio
For Sale
$375,000

524 S Washington Ave., Talbotton, GA 31827

CommercialSale, Talbotton, GA

Property SizeContact for details
Lot Size1.23 Acres
Days on Market53

Property Features for 524 S Washington Ave.

General Information

Property type Commercial Sale
Property subtype Other
Zoning C3
Parking 15
Parking features Parking Lot
Window features Wood Frames, Aluminum Frames
Lot features Level
View City
Directions Take GA-85 N/US-27 ALT N, GA-315 E and GA-208 to Washington Ave in Talbotton, Property is on Rt or use GPS.
Standard status Active
APN 0000500122056D00
Lot size 1.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6132

Utilities

Sewer type Public Sewer
Cooling system Window Unit(s)
Water source Public

Amenities

shared coin-operated laundry area

Building Details

Year built 1948
Floors in Building 1
Flooring type Carpet, Vinyl
Roof type Metal
Listing Agency: COLDWELL BANKER - KPDD
Listed By: Lamar Fields · License #112290
Added: Jul 23 Changed: Sep 12 Last Checked: Sep 13 at 11:06PM
MLS# E104446

Copyright © 2026 East Alabama Board 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 multifamily property includes two separate lots with 15 rental units in total. One lot contains an 11-unit apartment building, while the second includes a residential structure with four additional units. The unit mix comprises three 2-bedroom/1-bath apartments and twelve 1-bedroom/1-bath apartments. Units feature window heating and air-conditioning units, and residents share a coin-operated laundry area. On-site parking is provided.

Built in 1948, the property occupies 1.23 acres at 524 S Washington Ave. in Talbotton, Georgia. The 11-unit building is zoned C3, while the lot containing the four-unit residential property carries residential zoning. Public water and public sewer serve the property, and the buildings have metal roofing. The configuration provides a 15-unit multifamily asset across two lots with distinct building components.

Key Highlights

  • 15 total rental units across two separate lots
  • Unit mix includes three 2‑bedroom/1‑bath and twelve 1‑bedroom/1‑bath units
  • 11‑unit apartment building plus a separate 4‑unit residential property

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Carpet & Flooring Store Catering Service Dental Office Big Box & Wholesale Store

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

15
Residential units

Location Intelligence

Trade Area within ½ mile

66
Businesses Nearby

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
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-lot multifamily property with varied unit sizes, shared laundry, on-site parking, and public utilities.
Where is this apartment building located?
The property is located at 524 S Washington Ave. 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: 15 total rental units across two separate lots; Unit mix includes three 2‑bedroom/1‑bath and twelve 1‑bedroom/1‑bath units; 11‑unit apartment building plus a separate 4‑unit residential property
More about this property
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