Two-Lot Multifamily Investment
For Sale
$375,000
524 S Washington Avenue, Talbotton, GA 31827
COMMERCIAL - Talbotton, GA
Property Size3,536 SF
Lot Size0.64 Acres
Price / SF$106.05
Days on Market8
Property Features for 524 S Washington Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level
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
005 12256 D
Size
3,536 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
3360
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Window Unit(s)
Water source
Public
Amenities
shared coin-operated laundry area
Building Details
Year built
1948
Flooring type
Vinyl, Carpet
Building materials
Brick
Roof type
Metal
Listing Agency:
Coldwell Banker Kennon & Parker · Coldwell Banker Real Estate
(706) 256-1000
Listed By:
Lamar Fields · License #112290
(706) 593-8077
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 30 at 7:06PM
MLS# 10813421
Copyright © 2026 Georgia Multiple Listing Service. 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 for-sale investment property includes two separate lots with a total of 15 rental units. One lot contains an 11-unit building, and the second lot includes a residential property with four additional units, for a combined unit mix of three 2-bedroom/1-bath units and twelve 1-bedroom/1-bath units.
The units feature LVP flooring throughout and include window heating and air-conditioning units. There is also a shared coin-operated laundry area serving residents.
The 11-unit building lot is zoned C-3, while the four-unit residential lot is zoned residential. The property is described as income-producing with rents currently in the approximately $450 to $550 per month range on month-to-month arrangements.
The units feature LVP flooring throughout and include window heating and air-conditioning units. There is also a shared coin-operated laundry area serving residents.
The 11-unit building lot is zoned C-3, while the four-unit residential lot is zoned residential. The property is described as income-producing with rents currently in the approximately $450 to $550 per month range on month-to-month arrangements.
Key Highlights
- Income‑producing multifamily with 15 total rental units across two separate lots
- Large 11‑unit building on C‑3 zoned lot plus a 4‑unit residential property on a residential zoned lot
- Unit mix: three 2BR/1BA units and twelve 1BR/1BA 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
Property Profile
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two separate lots offer a combined 15 rental units, including an 11-unit building and additional four-unit residential building.
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: Income‑producing multifamily with 15 total rental units across two separate lots; Large 11‑unit building on C‑3 zoned lot plus a 4‑unit residential property on a residential zoned lot; Unit mix: three 2BR/1BA units and twelve 1BR/1BA units
